DEBT MAKES THE RICH RICHER

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Investing, Business

4.1 • 4K Ratings

🗓️ 19 April 2017

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Find out how Robert uses debt to build wealth, and why debt is such a burden for the poor and middle class. Robert says there is good debt and bad debt, and explains why one builds wealth, and one sucks wealth. Rich Dad real estate advisor Ken McElroy offers techniques that he uses to leverage debt for cash flow.
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Transcript

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0:00.0	Don't Be Like Charlie.
0:03.0	Charlie is that do it yourself or who does himself in.
0:06.5	Do it yourself is good for tile and grout.
0:09.0	It is not good for asset protection.
0:11.5	Charlie thought he'd save a few dollars forming his LLC online.
0:15.5	With no guidance, he did it wrong.
0:17.5	When he sold the property, he lost thousands and thousands of dollars.
0:21.5	He did himself in by trying to do it himself.
0:24.5	Don't burn yourself.
0:26.0	Use corporate direct to set up and maintain your LLCs and corporations.
0:31.0	Corporate direct is owned and operated by attorney and rich dad advisor Garrett Sutton.
0:36.0	Garrett wrote the best seller's loopholes of real estate and start your own corporation.
0:40.5	He is Robert Kiyosaki's attorney for asset protection.
0:44.0	He and his team will do it right.
0:46.0	Visit them at corporatedirect.com or call 800-600-1760.
0:51.5	mention rich dad and receive a hundred dollars off your formation fee.
0:55.5	That's corporate direct.com. Corporate direct.com.
0:59.5	The program today is a very important subject called debt.
1:25.5	Most of us have heard the experts say, get out of debt.
1:31.5	A friend of mine, Dave Ramsey, his whole foundation, his whole fundamentals are, live debt-free.
1:40.5	I agree with him.
1:42.5	If you're in the middle class or poor and you have no financial education, you should live debt-free.
	...

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