Published: 2024-12-10
Status:
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
People who avoid risks and play life safe will die as boring old individuals, having missed out on true winning (Kiyosaki's view).
"If you're the kind of person who has no guts... you chose to play life safe."
Pending
Providing more money to most people will only lead them into greater debt (Kiyosaki's view).
"Most people given more money only get into more debt."
Pending
Investing in real estate is the easiest way to make quick and easy money (Kiyosaki's view).
"there's nothing easier on Earth than making a quick and easy investment in real estate"
Pending
Cryptocurrency will become increasingly inaccessible to new investors over time.
"as time goes on the more and more inaccessible it is for people who did not get in early"
Pending
If employer Social Security taxes were canceled, employers would not pass the savings to employees as raises but would keep the money for themselves.
"if tomorrow Social Security was cancelled for employers... I think you'd say I just got a 7.5% raise"
Pending
To avoid capital gains tax on property sales, continuously sell homes every four years or less and reinvest the proceeds into more expensive properties (Kiyosaki's strategy).
"you only get tax on the capital gains of selling a property so but if you immediately roll that money into a more expensive home then you never have capital gains so you're never getting taxed so the trick is to always be selling he says I only ever own a home for max four years and I always roll it into a more expensive home"
Pending
Following Kiyosaki's advice to get insider trading tips will lead to imprisonment.
"get insider trading tips from your friends which I'm like that's literally going to send you to prison"
Pending
It is possible to quickly generate significant wealth (e.g., turning $0 into $190k in hours) and passive income ($19k/year tax-free) by exploiting distressed real estate markets, using borrowed funds for down payments, and rapid flipping (Kiyosaki's claimed method/prediction for others).
"He found a house in foreclosure that he got for $20,000... within hours he's taken zero and turned it into $190,000 which then he was able to divide by 10 years which is paying for his Porsche that's 19k a year in passive income that goes towards the Porsche that now can't even be taxed because all the money goes to the Porsche so he's not being taxed"
Pending
Without mastering self-discipline, ambition, and hunger, one will not succeed in getting rich (Kiyosaki's view).
"if you can't master self-discipline don't even bother trying to get rich... you're not going to be able to do what it takes"
Pending
If employer Social Security contributions are cancelled, employers will retain the 7.5% savings as profit instead of giving employees a raise.
"do you really mean to tell me that if tomorrow Social Security was cancelled for employers you would go oh everyone's getting a 7.5% raise because I don't think so I think you'd say I just got a 7.5% raise"
Pending
Following Robert Kiyosaki's advice to get insider trading tips from friends will result in imprisonment.
"at one point he advises you to get insider trading tips from your friends which I'm like that's literally going to send you to prison"
Pending