#212: Really? Yes. I unpackage it all.
In fact, these are the words of the Top-Selling Personal Finance Author Of All-Time, Robert Kiyosaki.
*[Complete transcript far below - you can follow along]*
Look, I have no savings account. I own no stocks, bonds, mutual funds, nor ETFs. I have no plans to pay off my home, though I could.
Instead, it’s about durable passive cash flow.
Either you can be conventional, or you can be wealthy. Pick one.
I tell you how savers can be losers and debtors can be winners. Inflation amplifies this notion.
Keep a high velocity of money. You wouldn’t tolerate a lazy employee, so why tolerate lazy money?
Then I discuss how high real estate prices and higher interest rates will affect you.
More Americans believe renting is cheaper than owning their own home.
I tell you why your ROTI increases throughout your life.
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Want more wealth?
1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book
2) Actionable turnkey real estate investing opportunity: GREturnkey.com
3) Read my best-selling paperback: getbook.at/7moneymyths
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Listen to this week’s show and learn:
03:30 Convention says: “Save money and pay off your house before retirement.”
06:20 I have millions in debt.
08:46 How savers can be losers and debtors can be winners.
10:41 Inflation.
13:10 Debt and equity.
18:04 Mortgage rates should rise 1% in the next year - how this affects you.
23:08 How higher rates affect your tenant.
25:48 Today, more people think it’s wiser to rent than own their own home.
30:31 National homeownership rate.
31:06 Return On Time Invested.
Resources mentioned:
WSJ: Renting Cheaper Than Owning
Mortgage Loans: RidgeLendingGroup.com
Cash Flow Banking: ProducersWealth.com
Turnkey RE: NoradaRealEstate.com
QRP: TotalControlFinancial.com
Find Properties: GREturnkey.com
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