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)

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

  1. It still boils down to RAISING MONEY. Or borrowing money. Using that money to buy assets (homes you can rent) in great markets. He's the master at pissing people off, doesn't care.

  2. but no one will lend you 100 percent. where can you get 100 percent loan with no deposit. I cant buy a house with no deposit.

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  4. Look how old he is, meaning that he came up in a different time. People don't wanna contribute their money anymore. It's easy for people like him to say shit like this. Lend me some of your money to start and run my business. I'll pay you back. We can even put it in a contract.

  5. People would rather buy liquor, drugs, junk food or other shit that provides temporary immediate gratification, than to donate to someone raising funds to start or run a business.

  6. That girl does the same type of hand movements while she talks that Dave Ramsey’s daughter did. These female counter parts Seem to also fill the same roll in these money management videos…. maybe that roll requires you to move your hands willy nilly while you talk?

  7. to make all this theory correct, he needs "poor, lazy people" (so, this is where he contradict himself). if everybody would go this "casfllow" business in same way, where will you get tenants to pay monthly fee etc, lol? so all this bs about being poor or lazy is actually insult, people doing their legal earnings and live by their own work (it is u.s. who mostly put money over law). as soon you mentioned you dont work for your income (or let say have passive income), you technically crossing border of legal business, i don'r care how you name it and why. for ex. tex evasion etc it0's is a criminal act, if all teh rest have to pay taxes (let say small companies) , so should you (aka big business)m it's simple as that. se please stop adressing people fake just so sell your books etc.
    yes. there's financial iq, but there should be other iq's over it.. you, sir, don't own it.

  8. This guy is full of crap! Sure he's successful but times have changed. What he did in the past just doesn't work anymore. Sure it's easy to make money once you have acquired a starting amount of like a 100k. And that chick doesn't really add anything useful to this videos, except for looking nice…

  9. The majority of the people in the comments missed it!!! You use OTHER PEOPLE’S MONEY! (OPM) Use Debt to get RICH! You have to leverage your credit, equity, or “Face Card” to convince individuals to invest in your ventures! Use the BANKS MONEY or PRIVATE FINANCING!

  10. All I wanna do as my job is design and engineer cars,
    Not economy cars you can go to the next department for that you come to me if you want something interesting for what my creativity and drive has to offer.

  11. How can someone use other peoples money when they have no credit or poor credit ? The poor always pay alot more interest than the rich, why is this ? I would love to know " exactly how to do it " and I would certainly give it my all !! What's the actual answer ??

  12. So many people complaining about him not giving an answer… this is the “poor” mindset he is talking about. He gives you the ideas needed to go out and figure it out on your own but the problem is people want the easy way out. There is no easy way.

  13. 9:14 “OMG a problem a problem” -Robert

    “Find a problem and solve it…” – Dr Myles Munroe

    I’ve read comments where people are lost. Basically find a problem and solve it, invest in it. You might have start small

  14. This video is cut poorly making it seem like Robert didnt pay 1800 of His Own Money, but never explains whos money he used making thye entire video a red herring

  15. These Millennial Money videos are very confusing. The title of this video is "How to invest with no money down: Turn $0 into infinite returns" but Robert doesn't actually speak about that for anymore than a few minutes when he mentions buying the condo in Maui with $1800 deposit from a credit card. The rest of the time is spent insulting people and telling stories that have nothing to do with the title of the video! If you want to give your audience useful, actionable content then do so, instead of filling the video with fluff! Perhaps you should mention fake videos in the next edit of your book.

    "No Money Down" is actually a myth because it's impossible to buy anything without money. The proper title should be "None of YOUR OWN money" because the money has to come from somewhere!

  16. Just started trading few months ago and getting decent profits from time to time. I got my trading account for free, $30 welcome bonus and 50% rebates. What a nice try tho:) can ask me if you guys need help

  17. Ah yes, a rich asshole who was groomed for business talks about how "lazy people" want "free" schooling.

    Too bad he never learned from all of his lawyers what taxes are for, only how to evade them…

  18. My dad is an extremely hard-working man. He’s a painter and a carpenter, he gets up every day at five and goes to bed every night at 10. He works all day and night for $15-$20 an hour. That’s just a small community village he lives in he’s not lazy but he’s poor

  19. for those people who could not find the answers from his interviews and books, I guess that is the reason why they are still poor.

  20. 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!

  21. 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

  22. 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

  23. 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.

  24. 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

  25. 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 .

  26. 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…

  27. 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")

  28. 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.

  29. 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

  30. 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.

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

  32. 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…

  33. 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.

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