LIKE TRUMP, I DON’T PAY TAXES EITHER -ROBERT KIYOSAKI

LIKE TRUMP, I DON’T PAY TAXES EITHER -ROBERT KIYOSAKI


(light music) – So welcome back. This is Robert Kiyosaki. And this is my friend’s daughter here Alex and she works. People love you here Alex. – Oh thank you. – They love you here. You bring spirit to the company. And your mom and dad are
dear friends of mine. And it’s been interesting
to watch your mom and dad adopt the Rich Dad philosophy and become very, very rich. Right? – I feel very, very grateful because I had a unique perspective of how I could see the
transformation and transition from the before and after
the Rich Dad philosophy. – Yeah. What was it like before
with your mom and dad? Well, life was a drastic
change from how we live today. My mom was a real estate agent. And I remember she got really upset once because you told her she worked for tips. And she realized after that she
really was working for tips. And I grew up with a nanny because my mom was out from morning to night. And my dad owned his company so, a PO Box international company. And he was gone from 4:00 in the morning until very late at night. And basically, the only
days I truly cherished with my family was Sundays. So that was like a sacred day for us because it was the only
time we saw my parents. And they were very hard working. We never, nothing was ever missing. My dad was spinning his
wheels with his business. So as my mom’s showing this
multi-million dollar home she sees the book Rich Dad, Poor Dad. And she thought it must
be here for a reason. The owners of the house read this book so it must be something
that attracts wealth. And so she went to the bookstore she bought it and she gave it to my dad. And from there he became stuck
on the Rich Dad philosophy. He read it within an hour. After that, he started,
actually he retired sold his company and he started investing. And then my mom began to do the same thing after you told her she worked for tips. She started her own
investments in multi-families. And after that our life
changed drastically. From the education that we received to the spirituality of everything and just spending time together. – What I say here is this all your real estate agents stock brokers, financial
planners, and all that you guys all work for tips! (laughing) You know, if you sell
a property in America as a real estate agent you get 6%. And I said to your mom I said, I tip my waiter 20%. (laughing) Who’s more valuable, real
estate agent or a waiter? And she got upset. What do you mean, I work for tips? Well, that’s the S mentality. – Yeah. – You know? They don’t build businesses. And then like most new
investors they run out of money. So now she has other people’s money. – Yeah exactly. – And she has infinite return. And for those who are watching an infinite return means you
have zero money in the deal. So when these financial planners
are telling you you get 8% try infinite. Try infinite. 8% is for chumps, man. – Yeah. – Big difference. And pay no tax on top of it. That’s the I quadrant, okay? – Yeah mmm hmm. – If the marker crashes are you afraid? – No they’re actually really happy. – And what are some of your friends doing? – So I do have a couple of friends that follow the traditional
educational system and the 401K and the traditional way of life. And that is the majority, sadly. But then I have another group of friends that’s a select few that are following the same path as I am toward financial freedom and investing in their
financial education. – All you young people I’ll give you a word of
advice here on marriage. The biggest lie ever told is and they lived happily ever after. There is no such thing. (laughing) It is a lie. Right? (laughing) – Nah, I don’t know about that Robert. – The easiest thing is get a
job, climb the corporate ladder and invest in a 401k. – Yeah. – That’s where most people are at. And they go and they watch football or play golf on weekends. – Yeah. – That’s their choice. I mean that’s a good life. – Mmmm hmmm. – It’s not my game though. So today you have most of these people who have a financial plan. And they want you to
give them their money. You know, put your money in stocks, bonds mutual funds, ETFs and savings. (yawning) Okay. You know. (laughing) And most of that money is gone anyway as we talked about earlier. The last two years of most people’s lives all that money disappears anyway. So what’s the endgame for Kim and I here? And for Kim and I our endgame is the end financial plan is this money goes into
what’s called a CRT. A charitable remainder trust. This charitable remainder trust then means the government can’t tax me. That’s the reason. And you gonna study taxes. The only people that pay
taxes are these people here. Because they’re not doing
what the government wants. Over here I’m a partner
with the government. The reason I get a tax break
here is I provide jobs. These guys don’t provide jobs. I get a tax break here because
I invest in real estate. Most people have a house. I have thousands of houses
and provide housing. I provide oil. You know. So I get the tax breaks because the governments my partner. If you go to school
and get a job over here you will pay this tax. And you should because you’re not doing what
the government wants. I do what the government wants. So at the end of our lives here we’re going to put it here into a CRT. And the goal is the government can’t tax that money. And it goes out. And for Kim and I our goal is every year we’re gonna give a hundred
million to charity. Every year. Most people will be broke
at the end of their lives. So we’re gonna give all this money back and for inter-perpetuity
charities that we support like I’m very much into the oceans. So I support Greenpeace. Kim loves animals. So she supports animals. We support all these things that we can’t do because
we’re working our businesses. So we give our money back to charities. We give it to Boys and Girls
Clubs and other charities all over the world. A hundred million dollars for a lot of people for a guy like Trump not a lot of money for us it’s a lot of money. So a hundred dollars a year is our goal. Today we’re probably if I died and Kim died today it would probably be 25 million a year. But I have probably another 10 years 20 years to live. So this is the ultimate goal. Kim has probably another 30 years. So can we make this? Most likely. And if we don’t make it we’re still at 25 million today. But that’s the endgame here. We just give it back. And because we give it back the government doesn’t tax us. That’s why I love the tax law. That’s why we have Tom
Wheeler write a rule book Tax Free Wealth and All This. So the reason we study so hard is so we can just give it back. But most of these people can’t do that. And that’s why the government
gives us tax breaks. A hundred million dollars
is a lot of money. And to people most that’s nothing. But that’s a lot of myth. That means we have to have several billion in assets to do that. And we’re close. That’s the game. To give it back. And pay no tax. And get rich and have fun. – Yeah. – Any comments on that? – I think a lot of wealthy
people get a bad reputation. And it’s because people
have this misconception that the rich are greedy. But in reality you’re
leaving behind a legacy. You have money being
donated even after you pass. And on top of that you give seminars to teach financial education
when you don’t need to do that. So I think it is a legacy
that you’re leaving behind. And the only greedy are the poor because they have nothing to give. Nothing to provide for others. – Well what happens is when a person dies the government takes it. And in legal terms it’s called probate. So let’s say you have a million dollars they take it. And they spend it. – Yeah. – I don’t want the
government to spend my money. So I get this money and I can say I want for 10
years, 20 years, 100 years I want these charities or these type of
charities to get my money. So the government doesn’t care as long as I’m donating it back. So I’m not being greedy. I’m just taking control of my money my cashflow. Again cashflow is the word. So my cashflow is back
to charities forever. From the grave. You know I’m lying in my grave going oh, I hope they spend that money well. You know? (laughing) – So I think it has a
lot to do with your being and your purpose in life. Both you and Kim have a strong mission as to why you pursue everything you do. – Right. So we all join together as a team here to serve God’s purpose. The same thing when I donate
to Boys and Girls Clubs or to Greenpeace or to Panthera. Which is an organization that saves lions and tigers and all that. You know? That’s my purpose to give back. And if you do that the government will give you tax breaks. And people who are greedy pay taxes. That’s the difference. – Yeah. – Interesting huh? – Yes. – Yeah. And that takes financial education. – It does. – Okay. So as a young person, you have some ideas in the lessons we’ve done have you have a better idea on how you’re gonna guide your life now? – Yeah, I definitely do. And I love being here because
I know that I’m working but I feel like I’m in a seminar. I’m learning with you and
learning all the values that you’re trying to instill
in all these millennials. I’m here learning just like
they’re going to be learning when they watch these videos. – So anyway, for those here
watching Millennial Money thank you. We’ll probably do a few
more as things change. Because the economy is changing. – Yeah. – And we’ll do more of it. But those are kind of the basics. It’s a way as a young person
you can steer your life. And probably add more options to your life then just climbing the corporate ladder and putting your money in 401k. There’s nothing wrong with that but it’s boring. It’s boring. So I wanna thank Alex because we started Rich Dad in 1997. And you were born in? – Yeah in 1997. – So she was born when Kim
and I founded this company. And this is very impressive
to have you working with us. You are the spirit of the company now. And you will carry on the spirit for years and years to come. So thank you for being part of our team. – Thank you Robert for giving
me this amazing opportunity. And learning from you hand by hand. And also being able to give
this message to the millennials.

100 Comments

  1. Jimmy Johnson says:

    How about Sant judth hospital?

  2. Alexis Muniz says:

    "The only greedy are the poor". Wait what??

  3. Marc Minicuci says:

    Finding this information at 25. im very grateful for the internet and outlets like youtube. Without them i would have the mindset as everyone else around me.

  4. IndiaRockLovers says:

    I can see why people love her!!

  5. bookieplow says:

    "The only greedy are the poor because they have nothing to give" LOL!!!!!!!! What a stupid twat.

  6. mohammed says:

    Alexandra is so lucky to have Mr.kiyosaki as her mentor

  7. Henry Craig says:

    Knowledge supports growth.

  8. Najji M says:

    The only greedy is the poor??? Thats a narrow perspective from a child.

  9. Entrepreneurial Recovery says:

    I love these videos! Thank you, Mr. Kiyosaki, for sharing this valuable knowledge with millennials like myself!

  10. Mindset Investors says:

    OMG she sounds so damn af!
    She said the poor are the greedy!
    She’s a fucking airhead who’s spoiled by her rich parents and now act like she actually made it all the way because of her. Ducking moron!

    I love him tho, his my G!

  11. Iftekhar Mickey says:

    I know money is important but is it that important where you start thinking of your children and your old family members or relatives as liabilities as Robert says? If he had children today, not only they could carry his legacy but also his bloodline. He would have survived through his children. I want to be rich but in the end it's not everything to me.

  12. Thomas Snyder says:

    I'd rather you talk straight to the camera instead of this girl. The obviously scripted/fake questions and her doe-eyedness makes it unbearable. I'd rather hear a lecture then, as someone else said below so elegantly, you speaking to a goldfish…

  13. Pachi says:

    they only greedy are the poor!!!!!! coooooooooooomo!!!!!!! wwwwooooowwww that is a very strong and wrong statement!!! some people don't have the opportunity, how can you say that!!??? please elaborate because that is really not on

  14. zinhle ngubane says:

    Mr Kiyosaki, does this tax law work for everyone all over the world? Or do taxes differ from country to country and continent to continent?
    If so, how can I educate myself all about taxes in my country?

  15. Patrick Booth says:

    Hey Rob, your guest is braindead.

  16. Probably Lying says:

    each citizen should be taxed equally! no more income tax. citizen tax.

  17. Jun Jie Pang says:

    What?! Real estate agents in the US get 6% for tip? In Malaysia the agents get 2%! Sometimes lesser! What the F!

  18. Alphatwice says:

    61 people work for tips!

  19. Ibrar Ahmed says:

    5:03 Doesn't a small business provide jobs? And what if you kept opening chains of that small business to 500+ employees- then wouldn't you have a "big business"?

  20. Mada Kout says:

    No this doesn't make sense what does it matter if your avoiding tax then if all your money goes to charity the CRT you work for nothing then

  21. aj bowman says:

    Is there a group or page that I can join that millennials can talk between each other about business I feel I am the only one in my friend group with this mentality and it would be nice to have more like me to converse between

  22. Clientes Ilimitados says:

    Poor 0 1 k

  23. Mel Mys Tery says:

    Im sr i have silly question ; so now i want to invest in some assets like Gold n oil – i buy these assets then just keep it around in my house ?!

  24. Fletcher Persinger says:

    People with isuses about the Tax Breaks but listen to these 2 points to take from here:

    1) Now you can put your money into something you believe and can see it truly make a difference.

    2) Or you can pay the Taxes and give your money to the Government and let them line their own pockets or push their personal agendas.

  25. Gilbert Gonzalez says:

    That's how I feel. You're a good man to Human Society. Thank you!"" For your present, and for having me here.

  26. klip says:

    Incredible value in these videos Robert, but that girl is the most annoying thing ever.
    Just find someone else, she ruined this whole playlist.

  27. Jas Tran says:

    Thank you sooo much Robert and Alex!

  28. Rada Tann says:

    the great knowledge.

  29. A'ishah Muhammad says:

    Thank You Brotha

  30. rama tv says:

    when will we have a new one, of this video series? any other lessons to learn from kiyosaki? we already know that "savers are losers" "work for assets not liabilities" etc… how about some good stuff about stock market, business or real state? we want learn more specific stuff not general

  31. Bobby Word says:

    I understand the concept of assets and tax breaks and the whole rich dad philosophy, but to hold 100 million dollars tax free to give to animals sounds a little crazy when thousands of people do not have clean water to drink. There are also people in the USA, homeless! Veterans! The concept is great but the reasoning is horrible. Tax was made to help the people. So giving your share of taxes could get new schools built. Or affordable homes built. But that's the problem, the government is a business and it's run as if….. Everyone doesn't want the hassle of everything that comes with a Rich Dad. Some people like being workers and spending quality time with their families. To say those people don't have anything to give @ 8:05 is ridiculous. Everyone's life purpose isn't to own million dollar businesses and real estate. It could simply be teaching high school students. It's not their fault that the government takes half their check for doing what they love to do. Im sorry!

  32. Rey Rodriguez says:

    So it's practically about Being smart with your knowledge and don't pay taxes to Pave your way to the Richest Blessings in Your life!

  33. Frantz Jules says:

    All I have to say after watching your videos is a big THAK YOU, I learn a lot from them. I'm not saying that all the things you said are good, but most of it, about 98%. Again I'm really thankful and look forward to change my life.It's been a pleasure

  34. Celso Bantay says:

    Amazing ! You are a great Financial Guru! Mr. Robert Kiyosaki…. I Hope you give money to the poor people Also so they can invest like you do. remember The sayings of Matthew 6 : 19 – 21.; Proverbs 19:17.

  35. ModKing 101 says:

    How poor people are greedy if the government takes everything that poor makes that's how she so stupid

  36. dopplegangerdavid says:

    Alexa has a cute voice. I kind of want to see her host some children's show.

  37. Manish Ileni says:

    What about property taxes?

  38. Danny Alvarado says:

    Gems 💎 I tell you gems 💎!!!

  39. ΛCE — says:

    1. You can't pour from an empty cup. Take care of yourself first.
    2. Welfare users, government aid, and poverty that's drug-related or lazy folks, those are the people that are greedy, steal, take advantage, seek for pitty, penny pinchers that ruined America AND SOME.

  40. A. Chill Woods says:

    She sounds programmed.

  41. Prince London says:

    Kim Kardashian ??????

  42. Joseph Ehlers says:

    Who's dependant on who? The poor have always existed without the rich.

  43. Johnny D says:

    Poor haters on here. Most poor people are greedy and their poverty is their gift for their greed. Its call reaping and sowing. There are greedy rich people also, they are called democrat donors. Keep eating cake and being all jelly, it makes us smile.

  44. Alberto Mollinedo says:

    We love her cuz she’s so cuuuuuuute. She’s like a blueberry pie to a hungry man

  45. Cao My Duyen says:

    This video gives me lots of valuable lessons. Thanks Robert and Alex!

  46. George F says:

    This is all well and good until tenants no longer rent from you because the housing market melted down (08) or commodity prices collapsed (2016). The S&P historically returns 8%. Compound interest is a great friend boring as it is.

  47. KLOXII says:

    thank you!!!!!

  48. international says:

    the only greedy are the poor…woooooooooooow. ok, it's not that the poor and working class don't donate money-they just do so at rates that are far less. why? bc it's harder, parting with that money has a practical, tangible affect on their reality. so could we argue then that donations from poor or working-class wallets could have more value in the sense of passion, drive, concern-perhaps over issues they might have struggled with themselves and therefore would want to make easier for others or create more opportunities for others to help themselves with. (in a sense, this is all throwing money at a problem…) also, to say such a statement without mentioning the monetary value of the time and energy that people at all economic classes can and do put into improving their community and surrounding infrastructure is misguided, naive and doesn't show a complete picture of what "value" can mean to people as a unit.

  49. Iulia F says:

    thank you for promoting that wealth and money= happines, not friends, nor family, culture, tradition, just money and wealth that is all you need. bullshit. bullshit and again bullshit.

    what if you live for tomorrow, what it paying taxes is all you can do? can you see how life is for the majority of us? or are you blind? people are diying because they don''t have anything to eat… and you speak about taxes, incomes???

    please come to a poor country and see how it is. diagrams??? noooo…. nothing is shure, everything is corrupt. and you want to come to one of this countries…. to give lessons? what? you want to take some money? from people that are already poor? nice. good luck. intelligent. thank you for this contribution for this world. i have a business.. wise words.

    i can live. this is my reality, i don't put money aside. of course not, just if i would steal from people poorer than me and unluckier, could i do that ( like the politicians). thank you for promoting that wealth= happines, not friends, family, culture, tradition, but money and wealth. and you know what? i am one of the wealthy people of my country… that means i can survive. that's it. you are on the wrong way. reconsider all of your life choices, you filthy pig.

  50. Linda Schrump says:

    THANK YOU SO MUCH FOR SHARING 🔥

  51. Linda Schrump says:

    🌎🌈💥

  52. pirru0575 says:

    Donate me something to start the same journey.

  53. Ryan Marable says:

    The poor are greedy? Smh

  54. Alex Papa says:

    Imagine the harmony from just a 10% of all reaches people back to the pour. Wouldn't that be a great outcome? Well, Robert, I wonder from where did you come up with that percentage out of a billion which obviously is your goal as said by you. Well, I actually know..You should be doing it even now before you die for it to better effect to your sole if you do great but either way God bless you! Great man and a great advisor. Better tell the truth than die empty

  55. Was Somebody says:

    He lost me at “people who are greedy pay taxes” what selfish, asshole statement.

  56. Black Sheep says:

    Are only masons rich? Is that’s why it’s easer to fiat a camel throw an eye of an needle?

  57. Richard Garira says:

    "Thats an "S" mentality " Robert Kiyosaki

  58. Rihan Pereira says:

    Please keep on building videos

  59. Dee Robbie says:

    Great information about taxrs. Wrong about people.

  60. Richard Barksdale says:

    I'm watching these videos and I'm old..lol I should have put this into practice years ago when I first read the books of Rich dad / Poor dad. Increase your financial IQ, Cash flow Quadrant, Rich dad's Guide to Investment. Hope it's not to late! To be continued..

  61. Róbert Nagy says:

    kapzsik gazdagok aki lenyulják mások otleteit a interneten és sajátjukéent profitálnak belulok?:))))) én vidám vagyok:)) mert a jogdijam mégis számit ilyen beképzelt milliárdoosknak, és a nagyhatalamaknak :))))))))

  62. Raúl Rangél says:

    A hall of wisdom here

  63. Mantra Music says:

    Thank you so much Robert!!!!! You are changing my life everyday & I genuinely am grateful for this knowledge you are throwing out! I will pass your legacy down my G!

  64. D Moreno-Guzman says:

    "People who are greedy pay taxes" uh no…people who dont understand taxes or who dont qualify for those large tax breaks, pay taxes.

  65. Calum Smith says:

    What should I do with 6 grand sitting in the account?.

  66. kheff46 says:

    I love that little mexi girl! She's so cute

  67. kheff46 says:

    Greedy =pay taxes. Generous= tax write offs

  68. Clara Walfaire says:

    This series is awesome, but at the same time it doesn't exactly advice you how to start. Let's say you're college graduate or you decided not to go to college and started working… what should you do to start having assets ?

  69. Blana de urs says:

    All the time blame it on the poor ones, but he would not have this business if the poor people didn't work for him, he is contradicting himself, if everybody would have a business, who would work for that business?
    Pyramidal system, bla bla, ponzy scheme, how the fuck to borrow money from the bank if you are not solvable?
    With the tax break it is easy, they donate 1000 dollars to green peace, and the rest until 100 mil to his foundation, lol, and that foundation will be let to his kids, again he will not pay the inheritance tax, so basically if you have money you make more money, if you are broke, you either win the lottery, invent another Facebook, or educate yourself till the point you can do a job to provide some money that you can start investing in what you love to do, because in the end it will bring you satisfaction and money, sad

  70. Ryan Mather says:

    Awesome video Alex & Robert…You both have such great energy and insights. Alex you are doing an amazing job at bridging the two or three generations. This is such a valuable series! Much Appreciated :o)

  71. PorssiMies says:

    You will never get more tax breaks than you give away for the charity so it's a zero sum game. So whats the point ?
    Or is it a fake charity foundation ?

  72. justin g says:

    I feel so lucky and grateful to be able to learn and watch these type of videos. Robert has filled in all the missing pieces ive been searching for. Cant thank you guys enough.

  73. English Financier says:

    Lucky to have a good looking girl as your assistant

  74. The Me Urge says:

    Good

  75. miloboy55 says:

    8:06–8:09 “The only greedy are the poor because they have nothing to give” this girl is a true dunce cap.

  76. Chris H says:

    Can this advice work with UK tax laws, that’s what I’m interested in. Anyone know?

  77. D H says:

    Loving this channel. But the if anything "the poor are gready" comment from that girl shocked me. Crazy!

  78. paradise smokeshop says:

    Hahaha Robert at the end “SO ANYWAYS”

  79. Brian N/A says:

    https://youtu.be/dGnFcmHH7t4

  80. Tasha’s Tube says:

    The poor are the greedy ones..? Interesting. A bit rude and if i may say ignorant. If the poor are greedy because they give nothing back to the community , what are taxes?

  81. master Jeffery says:

    Mr kiyosaki have you got any fund that supports start up's in africa

  82. Pa Lee says:

    How could i get him to be my mentor as well?

  83. captain vieques says:

    She moves her hands around a lot…

  84. Actuallyilyts says:

    For a rich person he has poor drawing skills

  85. Harold Poter says:

    DOPE!

  86. Animesh M says:

    If you steal then steal big.

  87. king Of The Jungle says:

    Rich dad poor dad was a waste of money, that shit sucks…but thanks for telling me to learn accounting!!

  88. ecashmarketing says:

    damn, if she ever write a book, the title is "rich dad rich dad"…

  89. Get Motivated says:

    I believe we can live much longer. so you can easily create even more!! you are the best Robert thank you so much!!!

  90. Alicia Page says:

    So many people avoiding paying taxes, seems like the new normal. Seems like genuine work is punished. Fix public sidewalks and roads? The government simply holds your retirement hostage with inadequate healthcare.

    If the internet crashes, those who make income online are going to have an ugly wakeup. Instead of funding education properly, a wall is being built. Imagine all of those gaming addicts who won't be able to practice their digital gaming anymore. The comforts entitled Americans are accustomed to will no longer be around when the economy crashes. So many comforts taken for granted, even corrupt police are clueless as to the reality that awaits when their work is shit on. Cops won't work for free, and they'll eventually be old and vulnerable themselves. Imagine a future where money is useless and healthcare is significantly worse than it already is. Shameful, positively and stupidly shameful. Idiots cheering on their favorite politician thinking that said politician is remotely capable of protecting supporters. Just look at the pensions and other tapped out retirement systems. So many people who busted their asses while thinking they would be retiring comfortably. Hell, a simple look at assisted living facilities proves the real future for the elderly. Abandonment is the future, idiots better get accustomed to the idea of abandonment.

  91. Eloy I. Balderas says:

    I wonder why Robert is warning people about marriage but he himself is actually married. Hm…

  92. Joshua Chacon Saltos says:

    Thank you for helping me to become a successful entrepreneur at 12!!!!!!!!!!

  93. srv3fender says:

    So he doesnt have to pay income tax?

  94. Mark Bartels says:

    Everybody who bitch about poor are greedy , poor pay taxes, you totally missed the ball.

    YOU ARE DOING IT RIGHT NOW…

    Think about that one.
    EGO

  95. Jhon L Vargas says:

    What’s the name of the Tax book 📚 you guys mentioned?

  96. MARLO TREE says:

    With new money bitcoin theres no inflation or taxes or interest. Not about rich dad poor dad anymore but self-governing son! New day new money…..
    Slogan of the year: "bitcoin eats fiat!"

  97. Charlie Martin says:

    RK is a sage!

  98. Maximus Meridius says:

    No tax on charity donations. Okay? If you’re giving your money away then who cares if it’s untaxed? You don’t get it anyway, so how the hell does that make any sense?!

  99. Byron Muhammad says:

    The poor are not greedy but,disenfranchised, they do not celebrate being poor😟,that's like blaming, a blind man,for being, blind,especially if he was born ,blind,we are to do ,to do unto others, as we would have others to do unto us,the world, is filled with wars,famines,and earthquakes, these conditions, cause poverty period😟.

  100. Full Throttle says:

    That chick was already born into wealth

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