The Secret Formula to Financial Freedom – Kim Kiyosaki (Millennial Money)
financial freedom August 30th. 2021, 7:05am7 Levels of investors free ebook: https://bit.ly/2KMA4I7
Making money through cash flow versus capital gains
How do you currently make money? By going to your job every day and collecting a biweekly paycheck in exchange for your work? Most people make money this way because it’s what they are taught to do by their parents or teachers. Also, it feels like a safe and secure path because it’s the traditional route.
Well, what if I told you that there’s another way? Another path in life that doesn’t require you to trade time for money? A path that allows you to follow your passion, achieve financial freedom, and reach your life goals? Now I’ve piqued your interest, right?
This path is precisely how the rich make their money — and it’s not from an hourly wage or salary. Instead, they make their money from their investments. In fact, the best way to make money is as an investor — but the question I’m often asked is: How do you make that money? If your monthly income as an investor does not come from a job, then where does it come from?
Making Your Money Work for You
If there’s one thing the rich do differently than the poor, it’s that they put their money to work instead of working for their money. What does that mean? Their money isn’t just sitting around in a savings account, accruing little-to-no interest, waiting for a rainy day. Their money is being invested — and delivering a return!
Different investments produce different results. The question is, what results do you want?
There are two primary outcomes an investor invests for: cash flow and capital gains
The Advantage of Cash Flow versus Capital Gains Investing
The best thing about cash flow is that it’s money flowing into your pocket on a continual basis — whether you’re working or not. You could be on the golf course, jet-setting around the world, watching Netflix in your jammies, or building a business, and your money is busy working for you. And generally, cash-flow investing is based on fundamentals that aren’t as susceptible to market swings like capital-gains investments, which means that even in bad times, money still flows into your pockets.
Additionally, cash flow is what is known as passive income, which is the lowest taxed type of income. This is not always the case with capital gains taxes, which vary depending on the type of asset you’ve invested in and how long you’ve owned that asset. In some cases, taxes can be very high.
If you’re ready to start enjoying the lifestyle advantages of cash flow, don’t miss my recent blog on getting started with real estate: http://bit.ly/2X8JmzM
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August 30th, 2021 at 7:55 am
How do you currently make money?
August 30th, 2021 at 8:46 am
Im in my teens I hate my job and I just began in the rat race and I already want out!
August 30th, 2021 at 8:55 am
This is wonderful! Kim, I did not know you have written a book for us females. Now I'm off to find the book and read it. I almost forgot, we met in Dallas many years ago.
August 30th, 2021 at 9:44 am
LOL, I used to get recommended videos living off grid, buy and flip school bus, sell everything, out of debt, 110% independent. Now I get recommended videos for get in debt, invest, buy property, no 401k.
LMAO
And like I said in the other comments, easily could have been the tenant does not pay rent for months, need to get a lawyer, pay for repairs, now at least two mortgages, your property and the rental and who knows how much time.
I know plenty plenty who got out of the cashflow game because out there was loss after loss, worst than the stock market
August 30th, 2021 at 10:40 am
Same for me. Hate being told what to do. Got fired and I never looked back. Been in business for myself ever since. They came back asking me to go back to work for them. F that
August 30th, 2021 at 11:06 am
That's right ladies, you better marry a rich man or at least find a sugar daddy, otherwise you will never be rich. Kim became financially independent by marrying Robert who taught her everything she knows and he even let her in on his Rich Dad business ???? facts.
August 30th, 2021 at 11:54 am
How do you even pay mortgage just with rent income? Mortgage monthly payment is more than monthly rent income?
August 30th, 2021 at 12:34 pm
Can you recommend me some real estate course? I am just 16 and really want to learn about it.
August 30th, 2021 at 12:54 pm
We need Spanish subtitles, great aport.
August 30th, 2021 at 1:16 pm
PREACH ladies!! Love the empowerment you project!
August 30th, 2021 at 1:20 pm
So true having a big chunk of money doesn't work – need passive income. Order Kim's book from library. Advice and tips are straight forward and easy to follow.
August 30th, 2021 at 2:02 pm
She makes WAY MORE sense than her husband
August 30th, 2021 at 2:15 pm
Alex, thank you for making a difference by hosting this, and thank you Kim for giving clarity. We've all been bombarded by different advice, and we don't always know what to follow. Therefore, I'm ao grateful for this. This is gold, thank you!
August 30th, 2021 at 2:28 pm
I wish they knew how they have helped
August 30th, 2021 at 3:05 pm
Whats up with the eye browse lolz
August 30th, 2021 at 3:58 pm
wtf why is this in spanish
August 30th, 2021 at 4:06 pm
She is literally saying how you can get financial freedom just take action a go for it don’t wait take action!
August 30th, 2021 at 4:20 pm
I started renting 1 room, 2 rooms 3 rooms now I have 5 rooms!. First I used capital gains then I built cash flow.
next year i will add 2 more rooms. I will see. Gracias Kim. years ago I started after reading Rich Dad and so on. Also I am doing with gold coins. Greetings from Bolivia.
August 30th, 2021 at 5:18 pm
There's something wrong with her eyebrows. Does anyone know what it is?
August 30th, 2021 at 5:59 pm
Thanks, Mrs. Kim! ❤️