Why Savers Are Losers? | Robert Kiyosaki | Success Resources

[Music] Savers are the biggest losers today okay and you're taught to save money and invest in the stock market for the long term that's crazy it's nuts so with that I'm going to bring out this is my book latest book here it's called why they're richer getting richer what Financial education is really and uh the chapter here says uh oh one chapter six is um why your Banker does not ask you for your report card Banker doesn't care if you're smart Banker wants to know you got money that's all they care about but what the banker wants to know more than anything else is not how much you have in savings what does a banker really want to know how much can you borrow you can borrow a lot of money they love you you can't borrow any money they gave you a credit card so that's true so chapter 7even is why getting rich as a team sport like I said my favorite sport in the whole world is rugby union greatest sport in my opinion greatest sport on Earth fat tall short just show up and want to play I love the game so with that I'm going to bring up one of members my team I have a riched advisor group these guys are my real life advisers because like most I did horribly I was a c student in school you know as much as I cheated I was only got C's I couldn't get any harder than that C stands for cheat so the way I got through school was always sitting next to the a students and I still do that in real life so with that I'm going to bring up probably the most important person on my team but it should also be on your team he's my advisor I make millions of dollars and pay zero taxes legally okay I know most people pay no taxes illegally or you can become a politician and steal it legally but the reason I wanted to do it legally is I didn't want to go to jail and become somebody's boyfriend you know what I [Laughter] mean so do it legally so I want to bring out the my aant on this book he fills in the blanks because I was the C student Tom is an a student the way I pay zero taxes is I have a tax plan my whole life is based upon paying nothing in taxes to do that requires different education for example if I save money I pay tax is that stupid but if I use debt I get tax breaks I'll say it again okay if I say save money I pay taxes if I use debt and I use about 500 million the last few years half a billion dollars I pay no taxes now the reason that's important is that my education Financial education with the help of Tom is all designed on what I have to learn so I can make more money and pay more taxes less taxes but if I just come out of college with my PhD I will pay tax [Music]

Channel: Success Resources

Views: 541,479

Keywords: Success Resources, Robert Kiyosaki, Rich Dad Poor Dad, Don't Save Money, Wealth Creation, Financial Freedom, Financial Education

Id: A38lkt5Zo8M

Length: 4min 14sec (254 seconds)

Published: Sun Sep 18 2016