How To Invest With NO MONEY Down: Turn $0 Into Infinite Returns -Robert Kiyosaki (Millennial Money)


(upbeat music) – Hello, millennials and all generations. This is Millennial Money,
featuring Robert Kiyosaki. I’m your host, Alexandra Gonzalez. You know Robert as the best selling author of the number one personal
finance book of all time, “Rich Dad, Poor Dad.” But I’m happy to announce
that Robert just released his brand new book, “Fake: Fake Money, Fake
Teachers, Fake Assets.” You can get your copy
by following the link in the description below. This topic was highly
requested by you guys. So, due to popular demand,
in today’s Millennial Money, we’ll be covering how to invest with OPM or other people’s money. Here’s how Robert explains OPM. – It was a long time ago
– Yeah. – when I first started Millennial Money, and I made my usual wise-ass remark, “Only lazy people use their own money.” And that’s because I have spent much of my life raising capital. You know, today you have
crowdfunding and all that stuff, but the reason I had to
learn to raise money was because I had no money. And so, if you read “Rich Dad, Poor Dad,” in there my rich dad always said, “Never say I can’t afford it.” And it was my rich dad and many of my teachers
subsequent to that, that said, “Lazy people
always say I can’t afford it. “I don’t have the money. “That’s why they’re poor.” They have a poor mindset. So, instead of figuring
out how to raise money, it’s just really easy to be a loser, and I call them losers. It pisses them off because
we all have the power, if we wanted to, to not be poor if we learned how to raise money. So, I hear, you know, and
the reason I get upset, I still get hot like this. (Alexandra laughs) My poor dad, my PhD Father, he always said to me, he says, “You know, I’d be a rich man
if I didn’t have you kids.” And I said, “Well, you know, dad, “it’s not my fault you had kids.” You know, I mean, “You know, I just can’t afford
it because I have kids.” And the more he said
that, the angrier I got. So my rich dad, at age nine, he says, “Well, that’s
why your old man’s poor, “because he’s lazy. “He thinks his PhD is gonna carry him.” He says everybody can
say, “I don’t have money. “I can’t afford it.” He says, “That’s why he’s poor. “He’s lazy.” But my father kept going
back to school, you know, Stanford University,
Chicago, Northwestern; he never learned any of this stuff. They still don’t know it. Because most teachers want a
pay check, pension, and tenure. They want job security. So the mindset is different. And that’s what they teach the kids. – Next, Robert tells us
the number one phrase that keeps people poor. Now pause, I want you
to leave a comment below if you know what it is. Don’t cheat. – So the reason I say only
lazy people use their own money is because it takes much more
intelligence to raise capital. And so I’ve never been able,
ever since my rich dad, since a little boy, my
rich dad forbade me from ever saying I can’t afford it. He says figure out how you can afford it. “How can you do something?” Figure out how you can do something. So, over my lifetime, most
of the projects I’ve started, I’ve never had any money. I like not having money, because it forces me to
think; I get creative. I have to educate myself, I
have to talk to rich guys. “How’d you do this? “How’d you do that? “How you do that?” And what has happened to me, and I just turned 72, I’ve never needed money. Because if I need money, I
figure out how to raise it. So today you guys have
crowdfunding and all that. I mean, I don’t know what that stuff is. But it’s easy to say, “I can’t afford it.” All the poor people say,
“I can’t afford it.” All the poor people say,
“Well, let’s tax the rich.” All the poor people are saying, “Well, give me a free education,
free food, free schooling, “free manicures, free pedicures.” There’s laziness, my opinion. – One of my favorite
things that Robert teaches is how your mindset can
literally change everything. If you have an open mindset, you can really change your life. So Robert explains how his
mindset changed how he invests. – So, you know, over my lifetime, I’ve raised hundreds
of millions of dollars. And it’s because I didn’t
have money as a young person that I learned how to raise capital. And it’s really quite simple. You have to find an asset that’s worth more than me, you know. If they can’t invest in me,
because that’s called slavery, you know, by me, you know? So what I do is, when I started off, I write about it in “Fake,” I started off looking for this one little piece of real estate. I found an excuse, you know, this one bedroom, one bath
condominium on the beach in Maui. And I found an excuse for
people to give me the money. All I had to do is assure
them I’d pay them back. So my first deal was an
infinite return deal. I had no money in the deal
because it was 100% debt. It was an $18,000 condo. You can’t touch them
for that much any more, but the economy was bad. So I buy this $18,000 condo;
the guy wanted 10% down, you know? You don’t need higher math. 10% of 18,000 is how much, sports fans? 1800 dollars. I could’ve use my money, I had the money. But that would be too easy. – Robert tells us lazy
people use their own money. Let’s find out exactly
what he means by this. – Only lazy people use their own money and that’s what really pissed
off a lot of people out there. Go, “You calling me lazy?” I said, “Yes, I am.” Because you’re the same
type of person will say, “I can’t afford it. “I can’t do that.” That’s the problem. It’s up here; it’s a real
estate between this ear and that ear. “I can’t do that.” Most of my family say, “Oh,
yeah, I can’t afford it.” My father taught to say that;
my mother taught to say that. My rich dad said I should never say that. Let me ask you this question. You know, you work for
the Rich Dad company. How much of my money is in this company? – Zero. – Zero. Zero. – When using OPM, one
question I had for Robert was what happens if the deal goes wrong? He answers by telling the story of one of his biggest mistakes. – So, the biggest mistake. So, I was doing very well here. This was 1973, I started
buying my first deal. And that was an $18,000 deal. $1800 down, $25 a month. Cash flow.
– Cash flow. – I was infinite. And then I kept doing that,
I had a lot of property. And then I decided I go here. So my first business was a nylon and Velcro surfer wallet business. And it didn’t sell. So you know, everybody knows
what those wallets are today. But back then this is 1974 or five. Yeah, ’75. They didn’t know what the wallets were. So we’re going broke really fast. We bought 100,000 of
these wallets from Korea. We ship it to our
warehouse in Long Island, and we’re borrowing
money from our investors. So we raised about $600,000; I got this little goofy
wallet business up. So we’re in serious trouble. I owed my father about $200,000, my rich dad was laughing at me. We’re going broke so quickly. Because we couldn’t move the
wallets, a 100,000 of them. They were sitting on
this (murmurs) warehouse on Long Island. And nobody would buy them from us. So then the good thing about
stupidity, there it is, makes you smarter. So I started thinking;
we started thinking. Said what’s wrong? And I said, what was happening
in the world at that time, all the baby boomers are fat,
so they had to start running. So jogging was coming online, you know, and nobody jogged before. You know, so these guys are all jogging. And then we’re reading the paper; we’re sitting in Honolulu,
going broke fast. And we read the paper, this jogger went to Golden Gate Park in San Francisco and was jogging around the park. And what the jogger did was he had no place to put his car key. So what did they do? He puts it on the front tire of his car and goes for a jog around the parks; we’re reading this newspaper. And voila, when he comes back to his car, the car wasn’t there! – Oh, gosh. – So the guy says, “They stole my car!” – Oh, my goodness. – And so the question was, on the headline of the newspaper article, “What does a jogger do with their key?” And so we sat there, said,
“Oh, my God, a problem. “A problem.” So with that, I designed the shoe pocket and you can see this picture right here. It’s Playboy magazine. I mean, she’s nice looking
young model with nothing on but a shoe pocket. (Alexandra laughs) But anyway. So we’re going broke so fast by then. But when that picture hit Playboy, suddenly, we were geniuses. And everybody started
throwing their money at us. And all this product,
our wallets were selling; our shoe pockets were selling. Investors were happy. And the sales went through the roof. So we were extremely successful. So we went from risk,
stupid, smarter, successful. But the problem was how do
we finance our inventory? Because the demand was worldwide, and we couldn’t keep up with demand. So I borrowed another $100,000. And I went to my CPA, my CFO, Stanley. So I said, “Stanley, will this $100,000 “solve our inventory problem?” He goes, “Yes, it will.” So I gave Stanley the check. And he ran off with it. – Oh, my goodness. – I had no signed documentation; I turned it over to him. He said I owed him the money. So that was one of my first, you know, six figure, seven figure mistakes. – This is another question all of you flooded our
comments with on YouTube, and all of Robert’s social media. It’s: what advice do
you have for millennials just starting out? Watch what Robert says. – Well, number one is investing; invest in what you love. I love business. I love real estate. I mean, I really love it;
I own this building here. And I love gold and silver. So I invest in what I love. Most people say, you
know, do what you love, but I’d rather invest in what I love. But I love being an
entrepreneur, I love investing. It’s like Shark Tank to me. I’m always looking at new
businesses, new deals. It’s just a game like this. You know, when you look at
the financial statement, that’s like your scorecard. It’s like your golf scorecard
is your financial statement. But as you know, our schools teach us nothing about financial statements. – Finally, we wrap up
our discussion about OPM with Robert’s final words for those of you that use the phrase, “I can’t afford it” as an excuse not to invest. – But it goes back to
the original question: Why did I say only lazy
people use their own money? Because lazy people always
say, “I can’t afford it.” You know, “I can’t do it.” It’s easy to say that. And that’s why they’re poor. It’s harder to go raise a million dollars than to say, “I can’t afford it.” – All right, guys, that’s it for today. But before you go, I
wanted to let you know of the new show we’re
launching, Weird Money. And this is gonna be our host, Derek. – Howdy, guys, I’m Derek. I’m gonna be hosting Weird Money on the Rich Dad YouTube channel, and I look forward to
talking to all of you about the most bizarre and
out of this world parts of our financial institutions, the economy, jobs, all that sort of stuff. And thank you, Alex, for introducing me. – Thanks, I’m really
looking forward to it. And well, guys, don’t forget to subscribe and hit the notification
bell if you wanna be notified on this new show. Bye, guys, see you later. (upbeat music)

Paul Whisler

100 Comments

  1. When it comes to investing, would you prefer to use your money or Other People's Money?

  2. Using wealthy and intelligent investors money. The questions are; where do I find them? and what I can give them in return to create a win win situation? I know and can find deals like houses for 50% less than the market value but how to make those deals come true? My poor dad always told me spend the money to build things not to buy things. He earned $100 a week, with that he spend about 20 years building our house made of concrete blocks, one room at a time. This was between 80’s and the 90’s. I was a child and remember when sometimes I helped him to hold the water hose while he mixed the sand concrete and gravel together. While he was making the foundation on the ground people looked at him and laugh at him saying that he will never finish. Time went buy, I grew up got my college degree and the house was finished. Some people tells me “back then taxes were lower and things were cheaper” but I think I had other family members who earned 8 and 10 times more than my poor dad and didn’t have a house. Everything begins in the mind not in the pocket!

  3. People saying he didn't give an answer.. But he explained how he did it.. He doesn't want to feed us with golden spoon you need to think and work for it you need to exercise your brain not just listen and wait to answers

  4. I believe he has Alzheimer’s or he’s a robot stuck on repeat…but whatever pays the bills 😀

  5. the bad cash flow poor people spend more as well as on liabilities items unlike rich who spend on asset that is the things that add money to your pocket

  6. Come to India without money and try making money. I bet you will run away to america in six months. These logics wont work in india.

  7. Maybe he should just say focus on your creative ability to start a business ,come up with a great idea,supply a need with a service,ect we all have some talent or gift were born with zero in on what that is

  8. so basicaly mr Robert says you need money to make more money … congrats you genius , if you have no money borrow … ya well done mister no ones think of that … ! and if you dont borrow , you are poor and lazy .

  9. Robert has said a few things that make sense. However, he does not really explain what asset is? He talks and talks to us "LOSERS" as he calls us. How ever he doesn't talk about how he does not pay taxes. If his rented house is an asset does he still have to pay? Now the adds, man they really throw in that trash…

  10. That is markable in my mind "how can i afford it?' thats why i always never said to my father "i dont have money" instead ( "I have money")

  11. Millennial Money = $0? You got that right dude. Its impossible to make it anywhere using traditional methods we're taught in school. When i talk about "can't afford it" its usually in reference to dollar menu items at Taco Bell. And that's with a full time + job in the technology sector.

  12. How to be rich borrow ur rich dads/ everyone else’s money .. can we learn how to negotiate a deal or find or talk to investors. Thanks

  13. This wasn't at all a "How To Invest with NO Money Down" – there were anecdotes and inspirational messages, but nothing of substance to tell someone HOW to actually do it.

  14. The guy calls money fake 😂😂😂😂😂😂 and calls teachers fake 😂😂😂😂😂😂 and fake assets lmao

  15. so basically , borrow money. INVEST it, earn from it and pay it back. repeat.
    then become rich

  16. These people saying "he did not give the actual how" are the losers mentioned in the video… lazy… poor…

    Wants shortcut and everything easy..

    Hehehehe…

  17. This Guys arrogance ist beyond me. He Talks about how He has financial intelligence where Others dont. But in the end He borrowed 200k from His "poor" dad to get started 😂😂😂 He has No Idea of what poverty means He has been wealthy all His Life.

    If i should ever win the lottery you can Bet your butt's that i'll too will make More of that Money, that's Not hard!! It's hard to make the First Million!! This Guys ist as Fake as it get's.

  18. Omg! As someone that works in tv, something that Robert frowns upon ( having a job ), its so distracting him not knowing whether to look at the camera, the audience that doesn't exist, or the young lady giving the fake interview.. I love your content but this is just bad tv… Thanks for all you do!

  19. These interruptions by the girl is not only annoying, but also super cringe. Seriously!

  20. I love this information but, what I resent are the comments made by wealthy people who were a some point just like the rest of us…poor…they make these comments regarding the masses as stupid and lazy and dumb..etc… If we all had not been freakin lied to by the teachers and politicians and our so called fellowmen…all of our lives…never teaching us about money, only how to be come an employee for obvious reasons…if that were not the case, and we all were told the truth, and empowered about money and dept…hell, we would be in the positions as the fortunate wealthy who.. for whatever reason, privately and secretly were shown the truth…Lets be careful about calling people stupid…I think it is just the arrogance of many wealthy, and a justification for turning up there noises on the less fortunate, so that they feel less guilty, for not sharing the knowledge….

  21. Wow, let me tell you a story, at my poor dad's memorial i've met a guy that at the same time with me started the same business as me. I went broke he sold his business for 9 million dollars. We were about the same age and started with similar knowledge in the field but not necessarily in business.

    What was the difference you might wonder, well, my dad was poor his dad was rich. I started the business with 700 euros another firend came in with 3000 euros, basically this were all the money we had…we could barely cover the expenses from month to month but we had no capital to expand in a super booming market and everyone wanted in. We lasted for about 6 months to 1 year, i almost died a few times during this period and we worked day and night. We managed to do miracles but we never afford to buy the right equipment to hire people to help us out … we barely managed…

    The other guy, started the business with 150.000 $ that he borrowed from his dad, or he got gifted or whatever….and he sold it a few years later for 9 million like i said…. If i had the same money i would have sold my business for 10 millions, if i had 1 million i would have sold my business for 100 millions.

    People like this dude always talk and talk and talk … but i don't know if they realize how full of bullshit they are …. oh wait, that's how he makes his money

    Rich dad, poor dad…one helps you build all the contacts that you need to be successful and the other one gives you his life savings to invest….then you go preach to the poor people about how lazy they are cause you know, they work 24/7 to pay him rent and buy his books.

  22. I got some comment, as watching through video, I wish more to know on how to start to own an estate, or how to start, rather than knowing the processes. If we know how to start, it will be much more better for us to take the action…Please share video on how youngster can start…

  23. Hi Robert
    What do you teach only you understand.
    All you theory dialogue and concept is meaningless.
    If you think your are genius tell how to make a lot of money as you made being a business man as you always acclaim with zero investing.
    If you don't answer we all would think that all you words is fake.
    If you th

  24. Wow… The message is awesome, like every message and tutoring from Robert Kiyosaki, but I wish he could found out a girl who could really connect with the audience…. 😕 It is EXTREMELY OBVIOUS that she's reading, she doesn't show any emotion, her smile is so fake, definitely not an Empath…. 😕 Too bad that this so vital channel, includes this type of mistakes… Disliked a HUNDRED times… 😕 (hope she doesn't have her own channel).

  25. totally off subject is alice single naw great vid always good info to know in tools to follow on your everyday life

  26. It's incredible how simple and effective the information is, yet how easily it is misinterpreted and discarded. Passion rises quickly in a sea of apathy.

  27. This guy's a walking talking contradiction . . . . he claims "i never had money" constantly refers to his biological father as his "poor dad", then later slips out he had borrowed $200,000 from his "poor dad" . . . nothing to see here

  28. Hey Rich Dad Channel: Thanks for the tough love via this video. It did help change my thinking. Right now I am working on developing the skills for my trading business. By the one question to ask in the video, I have figured out how I will finance my business.

  29. The more I watch of his videos, the less I am liking him. Pride is a weakness and is not a good teacher. He has some good points, but they can summerized in like 5 core points. The rest is just stories and bloated talk and key words "MONEY"RICH"MONEY"RICH"

  30. I'm disappointed. I thought this was real. Hours of my time wasted. Thanks, Robert.
    See the video of him caught, look at how guilty he looks. You be the judge. Watch the whole thing if you have to. I give you part three to save you time.

    https://youtu.be/9iimvyVCEGA

  31. alexandra gonzalez really tries and forces to be positive and happy when she advertising robert but when she is with robert she looks like she could just drop dead from boredom.

  32. your signet Ring or pendant for protection, power, success, prosperity, all-case,  relationship, health. "For all your spiritual needs"
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  33. The content is void of any tangible examples in the real world of how to put his words into practice, indeed he himself seems to be stating sentiment more than anything. I get the point about real estate, and there's some good examples regarding good debt and bad debt…but nothing new here I'm afraid

  34. He is saying.. you can't be rich when you have enough money or time… when is it enough?

    He is saying HOW MUCH.. and everyone can be what they are…

    rich.

    The real question is how to be yourself.. how can you improve with the debt of death, becouse sin is death.

    PRAISEEE THE LORD!!!

    🥳🥳🥳 JESUS is alive…

  35. Great video, poor hostess…Not that I have a problem with her, but she didnt really have much input during the conversations and it feels almost forced to have the real reason Im here (Mr. Kiyosaki) overshadowed constantly but tid bits of this woman on my screen again who just iterating what hes about to say

  36. Borrowes 200k from his dad? I hate when these already rich people act like they really had to use thier brains. They just smart at taking so called lazy people money. If I could borrow 200k from my dad. I would be selling some great stories too.

  37. Did he say he own his poor dad 200k lol and he make his money trashing his poor dad

  38. How????
    How come you didn't get it;
    By selling cheap talk and books, help him out please😛

  39. Only thing I understood out of this whole vid is he got fucked out of 100k

  40. The problem is banks dont lend money that easy. I own 3 condos the banks want me to remortage to buy a 4th one. I dont want to remortage i want to just use my line of credit instead..

  41. I think he is trying to say it in different ways because people are not comprehending it so..it just sounds like he is saying the same thing…his giving different examples but it all leads back to creating assets…we all grew up thinking working for money was the way to do things that's why majority of us are in this rat race don't judge be open minded

  42. Irritating interruptions !!! Shut Up and let the man speak !!! 😡😡😡

  43. This clip didn't answer the clickbait question of how do you invest when your broke. He never answered, instead he just say I must be lazy not to know.

  44. not "I can't afford it" but rather "What should I do in order to afford it?"

  45. I've seen a lot of famous people wearing the same red bracelet he's wearing. Just curious 'coz someone told it's kind of a good luck bracelet. 🤔

  46. A little help here….what is he saying??? OPM. Use Other People's Money. Sure, I'll find a rental unit and easily find an investor to put hundreds of thousands of dollars down payment and pay myself a few bucks every month. Oh, and I'll do about 50 of those deals – easy peasy. And oh, I'll have no fulfillment at all. I'll drop my life dreams and art and just sit back and roll in the dough. Here's my angle Mr. Soft Sell: My life is not rich with money. It's rich with family, friends, art, love, and doing what I enjoy doing every day. That said, what is this man selling — a book? Get rich quick books only get one person rich, and it's not you…it's the author of the book. These are scams disguised in dreams.

  47. This guy never tells anything. It’s a big scam that all us LOSERS are looking for help. But for a book sale. Or a subscription. They’ll maybe tell you.

  48. How come that all these…financial people are so sketchy…he hired pretty dumb girl to please audience, got 1M views by saying what people want to hear and no solid information whatsoever. Purple logo for keeping it on brand because Google says purple evokes "money' in people. I am willing to learn but this sounds like rapist trying to seduce somebody in bar.

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