Instaappointment Image

How The Rich Make Their Money _ Learn How to Build Your Wealth TODAY! – Kim Kiyosaki-OTkww-NPjfs

Home  /  Uncategorized  /  How The Rich Make Their Money _ Learn How to Build Your Wealth TODAY! – Kim Kiyosaki-OTkww-NPjfs

How The Rich Make Their Money _ Learn How to Build Your Wealth TODAY! – Kim Kiyosaki-OTkww-NPjfs

hi I’m Kim Kiyosaki and welcome to keys
to the cashflow game and yes I am the
queen of cashflow so first I want to
thank all of you who have participated
in a cash flow Club or you’ve started
and are leading a cash flow Club or
maybe you’ve heard about the game and
you want to join a cash flow Club we
would so welcome you because the mission
of the rich dad company is to elevate
the financial well-being of humanity and
by you playing the game with friends and
associates by being part of a cash flow
Club and we have clubs all over the
world you are actually fulfilling the
mission of the rich debt company and for
that we are eternally grateful so this
is the cash flow game many of you are
familiar with it this right here is
called the rat race and we caught we say
how to get out of the rat race so the
purpose of the cash flow game is to get
from the rat race onto the fast track
because on the fast track is where the
big money is made and how you get out of
the rat race is by having your passive
income your positive cash flow bigger
greater than your living expenses at
that point you are free and you move
from the rat race onto the fast track so
let’s talk about one of the spaces in
the rat race and that space is called
opportunity and when you land on
opportunity you have a choice between a
small deal and a big deal what I find
really interesting sometimes is that
somebody may be playing the game and
they have very little cash and very
little resources and they land on
opportunity and of course they want a
big dog it and they go for the big deal
so just in real life if you don’t have a
lot of financial education and you don’t
have a lot of experience and investing
you’re not going to want to go for the
big deal you’re gonna want to go for the
small deal because you’re gonna make a
lot of mistakes you’re gonna have a lot
of learnings along the way so you want
to start with small deals with small
monies make the mistakes get your
experience and learn same in the cash
flow game
when you’re just starting out start with
the small deals and work your way up to
the big deals so in talking about
opportunities Robert and I play the cash
flow game every single day in real life
and as you’re playing cash flow you’re
going to come up with the small deals
and you’re going to buy big deals and
you’re going to have an opportunity and
a decision to make and that decision
often times this is called a market card
and the decision oftentimes is do you
want to sell your real estate do you
want to sell your apartment building do
you want to sell your duplex or your
four-plex for cash and give up the cash
flow so there’s two things that
investors invest for one of those things
is called capital gains so for example I
buy a house I fix it up I sell it my
profit is called capital gains if I buy
a share of stock for $20 and I sell it
at $50 my profit is called capital gains
in order to realize capital gains you
must sell the asset okay the other thing
investors invest for is called cash flow
so I might buy that same house and
instead of fixing it up and selling it I
rent it out and every month I collect
the rent I pay the expenses I pay the
mortgage and if I’ve managed the
property well I have a positive cash
flow I can buy a share of stock that
pays a dividend and that dividend I
receive maybe quarterly maybe
semi-annually maybe annually that
dividend is cash flow so those are the
two things that investors invest for as
you play the cash flow game there’s
going to be times where you’re going to
have to make a decision am I going to
sell my asset and get the capita
gains or am I gonna hang on to it and
retain the cash flow so as I said Robert
and I play the cash flow game in real
life every single day and it wasn’t long
ago we had that exact decision to make
we had a property the tenant was moving
out it was a big box commercial property
and once the tenant moved out the
decision was do we want to sell it
because it was a prime location it’s a
prime location right in Phoenix we had
so many buyers lined up to buy it that
the decision was do we want to sell it
for capital gains or do we want to find
a new tenant and re rent it and get the
cash flow so we went back and forth back
and forth knowing that if we sold it we
would have capital gains we’d have to
find another property or we’d have to
pay a lot of taxes capital gains tax so
the harder thing to do would be to
figure out how we can keep the property
and find a new tenant so that we could
keep the cash flow flowing so the
decision we made being the queen of cash
flow is we want to keep the cash flow we
want to keep the property and we want a
monthly cash flow coming in from a very
great tenant so we went through our
process the first thing of course we
looked at is this was a fitness club so
the easy thing to do would be to sell
the property because we had so many
buyers lined up throwing money at us and
so if we were to sell it then we were
going to have capital gains
we’d have to then move that money into
another property or we were going to pay
a lot of capital gains tax the harder
thing to do would be to figure out how
to keep the property and have a great
cash flow coming in every month now
being the queen of cash flow the
decision we made is we’re going to go
for cash flow we want to keep the
property so this property was a fitness
club it was one of those big-box fitness
clubs the easiest thing to do the
natural thing to do would be to find
another fitness club that wants to lease
the space so we went through that
process didn’t really pan out we looked
at all different options who else would
be a great tenant for this property so a
long story short we feel we have found a
great tenant now one of the things in
real estate you want to look at are the
trends where are the trends going to so
we have all these aging baby boomers all
over the world and they’re gonna start
needing care they’re gonna start needing
senior living they’re gonna start
needing assisted living and we found a
very very strong company and they want
to use our property tear down the
existing building build a very very
exclusive senior housing assisted living
facility and they are going to rent the
land from us so the beauty of that is we
don’t have to deal with management we
don’t have to deal with tenants they’re
gonna deal with everything it’s called a
ground lease and every month they’re
gonna pay us money to lease the ground
that they’ve built their property on so
it’s just like in the cash flow
boardgame as you’re going through your
small deals and your big deals you’re
gonna have opportunities whether to sell
for capital gains or whether to retain
the property and keep the cash flow so
oftentimes as you’re playing the
cashflow game you’re going to have that
same decision to make when you land on
opportunity you have this big deals you
have the small deals when you land on
the market that might be an opportunity
for you to either sell your property or
do you keep the cash flow there’s good
strategies for both decisions you just
have to learn from experience and
playing the game again and again and
again which decision is best for you at
that time so thank you for watching keys
to the cash flow game we trust that
these videos give you finer distinctions
while you’re playing the game whether on
the game board or in real life thank you
for watching
[Music]
so if you enjoyed this video please
subscribe and stay tuned to more videos
from keys to the cashflow boardgame


Leave a Reply

Your email address will not be published. Required fields are marked *