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How To Invest With NO MONEY Down: Turn $0 Into Infinite Returns -Robert (Millennial Money)

 How To Invest With NO MONEY Down

How To Invest With NO MONEY Down
Applause hello Millennials and all generations this is millennial money featuring Robert Kiyosaki Im your host Alexander Allen Silas you know Robert as the bestselling author of the number one personal finance book of all time Rich Dad Poor Dad but Im happy to announce that Robert just released his brand new book fake fake money fake teachers fake assets you can get your copy by following the link in the description below this topic was highly requested by you guys so due to popular demand in todays millennial money well be covering how to invest with OPM or other peoples money heres how Robert explains OPM was a long time ago when first ed millennial money and I made the my usual wiseass remark only lazy people use their own money and thats because I have spent much of my life raising capital you know today you have crowdfunding and all that stuff but the reason I had to learn to raise money was because I had no money and so if you read Rich Dad Poor Dad in there my rich dad always said never say I cant afford it and was my Rich Dad and many of my teachers subsequent to that this had lazy people always say I cant afford it I dont have the money thats why theyre poor they have a poor mindset so instead of figuring out how to raise money its just really easy to be a loser and I call the losers if this isnt off because we all have the power if we wanted to to not be poor if we learned how to raise money so I here you know and the reason I get upset I still get hot with this my poor dad might port my PhD father you always said to me says you know Id be a rich man if I didnt have you kids and I said well you know dad its not my fault you had kids you know I mean you know I just cant afford it because I have kids and the more he said that the anger I got so and I went my riches at age nine then I guess as well thats why your old mans poor because hes lazy he thinks his phd is gonna carry him he says everybody can say I dont have money I cant afford it he says thats why hes poor hes lazy but my father kept going back to school you know Stanford University Chicago Northwestern you never learned any of this stuff they still dont know it because most you just want a paycheck pension and tenure they want job security so the mindset is different and thats what they teach the kids next Robert tells us the number one phrase that keeps people poor now pause I want you to leave a comment below if you know it is dont cheat so the reason I say only lazy people use their own money is because it takes much more intelligence to raise capital and so Ive never been able ever since my rich death is a little boy my rich dad forbade me from ever saying I cant afford it he says figure out how you cant afford it how can you do something figure out how you can do something so over my lifetime most of the projects Ive ed Ive never had any money I like not having money because it forces me to think I get creative I have to educate myself have to talk to rich guys how did you do this how did you do that how you do that and what has happened to me I mean I just turned Ive never needed money because if I need money I figure out how to raise it so today you guys have crowdfunding and all that I mean I dont know what that stuff is but its easy to say I cant afford it all the poor people say I cant afford it all the poor people say was taxed or rich all the poor people are saying well give me a free education free food free schooling free manicures free pedicures theres laziness my opinion one of my favorite things that Robert teaches is how your mindset can literally change everything if you have an open mindset you can really change your life so Robert explains how his mindset change how he invests so you know over my lifetime Ive raised hundreds of millions of dollars and its because I dont have I didnt have money as a young person that I learned how to raise capital and and its really quite simple you have to find an asset thats worth more than me you know if they cant invest in me because thats called slavery you know you know by me you know so what I do is I off I write about it in a fake I ed off looking for this one little piece of real estate I found an excuse you know this onebedroom onebath condominium on the beach in Maui and I found an excuse for people to give her the money all I had to do is assure my pay them back so my first deal was an infinite return deal I had no money in the deal because it was debt it was an condo you cant touch him for that much anymore but the economy was bad so I buy this condo guy wanted down you know you dont need higher math of is how much sports fans I could have used my money I had the money but that would be too easy Robert tells us lazy people use their own money lets find out exactly what he means by this only the lazy people use their own money and thats what really pissed off a lot of people up there because youre calling me lazy I said yes I am because youre the sent up a person will say I cant afford it I cant do that thats the problem its up here its a real estate between this year and that year I cant do that most of my families have all you I cant afford it my father taught to say that my mother taught to say that my richest I should never say that masculist question you know you work for the restaurant company how much of my money is in this company zero when using OPM one question I had for Robert was what happens that the deal goes wrong he answers by telling the story of one of his biggest mistakes the biggest mistake so I was doing very well here this is I ed buying my first deal and that was deal down a month I was infinite so I got and then I kept doing that I had a lot of property and then I decided I go here so my first business was a nylon and velcro surfer month business and it didnt sell so you know everybody knows what those wallets are today but back then this is nineteen seventy four or five yeah seventyfive they didnt know what the wallets were so what were going broke really fast we bought a hundred thousand of these wallets in Korea we shipped it to our warehouse in Long Island and were borrowing money from our investors so we raised about got this little goofy wallet business up so I wasnt were in serious trouble I owed my father about two hundred thousand dollars my Rich Dad was laughing at me were going broke so quickly because we couldnt move the wallets a hundred thousand of them they were sickened just by that warehouse in Long Island and nobody would buy him from us so then the good thing about stupidity there it is makes you smarter so I ed thinking we ed thinking said whats wrong and I said what was happening in the world at that time all the baby boomers are fat so that to running so jogging was coming online you know and nobody jog before coz you know so these guys are all jogging and then were reading the paper were sitting on a little going broke fast and we read in the paper this jogger I went to Golden Gate Park in San Francisco and was jogging around the park and what the jogger did when he had no place to put his car key so what do they do he puts it on the front tire of his car and goes for a jog around the park summer reading this newspaper and voila when he comes back to his car the car wasnt there oh my gosh so the guy says they stole my car my goodness and so the question was on the headline of the newspaper article what does a jogger do with our key and so we said theres a oh my god a problem a problem so with that I designed the shoe pocket and you can see this picture right here its played by magazine no issues nicelooking young and model with nothing on but a shoe pocket but anyway so were weighing brokes so fast by then but when that picture I hit Playboy suddenly we were geniuses and everybody ed throwing their money at us and all of this product our wallets were selling our shoe pockets worth selling investors very happy and the salesmen through the roof so we were extremely successful so we went from risk stupid smarter successful but the problem was is how do we finance our inventory because the demand was worldwide and we couldnt keep up with demand so I borrowed another hundred thousand dollars and I went to my CPA my CFO Stanley so I said Stanley well this hundred thousand dollars saw my inventory problem he goes yes it will so I gave Stanley the check and he ran off with it I had no sign documentation I turned it over to you said I owed him the money so that was one of my first you know six figure seven figure mistakes this is another question all of you flooded our comments with on YouTube and all of Roberts social media its what advice do you have for Millennials just ing out watch what Robert says well number one is investing us invest in what you love I love business I love real estate I mean I really love it I own this building here and I love gold and silver so I invest in what I love most people say you know and do what you love but I rather invest in what I love what I love being an entrepreneur I love investing its like Shark Tank to me Im always looking at new businesses new deals its just a game like this you know when you look at the financial statement thats like a scorecard its like a golf scorecard is your financial statement but as you know our schools teach us nothing about financial statements finally we wrap up your discussion about OPM with Roberts final words for those of you that use the phrase I cant afford it as an excuse not to invest but it goes back to the original question why did I say only lazy people use our out money because lazy people always that cant afford it mmhmm you know I cant do it its easy to say that and thats why theyre poor its harder to go raise a million dollars dentists say I cant afford it all right guys thats it for today but before you go I wanted to let you know of the new show were launching weird money and this is gonna be our host Derek howdy guys Im Derek Im gonna be hosting weird money on the rich dad YouTube channel and I look forward to talking to all of you about the most bizarre and outofthisworld parts of our financial institutions economy jobs all that sort of stuff and thank you Alex for introducing me things Im really looking forward to it and well guys dont forget to subscribe and hit the notification valve you want to be notified on this news show bye guys see you later Music you '