HomeОбразованиеRelated VideosMore From: Practical Wisdom

What Do The Rich Do Differently That The Poor And Middle Class Don’t - WHY YOU ARE POOR

10597 ratings | 697080 views
Find out what really differentiates a rich persons mentality and a poor or middle class mentality. Use the principles of a rich persons mind to get ahead in life. Rich Dad Poor Dad: https://amzn.to/2Enfwy9 Music : www.bensound.com
Html code for embedding videos on your blog
Text Comments (660)
John Smith (1 day ago)
BS, BS, BS, BS, BS, BS, BS! Great Depression & u r 😬!
steve b (2 days ago)
You're POOR because you CONTINUE to do STUPID things.
Steve Dwyer (5 days ago)
few people are really "poor" in the United States..just depends on ""your"" definition of poor ..and ""your"" definition of MORALS
Vadim E (6 days ago)
Wtf but he spent it all on planes and hotels. Now he has no money
TheLiamis (8 days ago)
How much do you earn?. "27k after taxes " How much was your house. "500k it's in an up market area got to live like the rich" How much was your car. "70k because the neighbours got a new expensive car" How much are your clothes? " 200 on these trainers, 100 on this shirt, 200 in these jeans and 700 on my watch" That's why your poor.
Kyn Chan (15 days ago)
Would probably save the money until there is something worth investing in. There is no need to do anything straight away. I have seen people work all their lives doing the same thing and neglect to better the children they bring into the world. There is some sickness in working class thinking where the incremental improvement between generations is usually painfully small (none withstanding rare instances). At worst the working class mentality wants to see their children work in the same way to see life grind the life energy out of their children, without; setting an excellent example, providing the values to get ahead, providing the wisdom to get ahead or providing the resources necessary to elevate from the same situation they are in.) Even the rich can have a working class mentality. There is such a thing as providing a good foundation, reinforcing excellent values and habits, introducing structured difficulty and challenge to build character and provide concrete lessons in life. The lazy just say go to school expecting the teachers to fill in for all that the children lack. That is lazy thinking. It is not good enough. It does not help the children succeed. If there is just one thing parents could teach if they can provide little else is to never give up.
frank mundo (19 days ago)
Your stealing info
The LAW (28 days ago)
I like the part where he says growing assets is like growing trees.... In fact growing trees is growing wealth. A long term massive wealth creation and sustenance plan.
Logan DeMott (29 days ago)
mr krabs is cheap which is good
Daniel Ramirez (1 month ago)
Next Crash 2020 Just watch....
Harry Potter (1 month ago)
Great Explanation even though people still won’t understand the rich were once not rich, even if their family was already rich, all you do is go back a few generations and realise they weren’t at some point.
Michael q (1 month ago)
Main difference rich are assholes
Luke Ward (1 month ago)
there's a lot of problems in this video one of them being if your poor and have no money you can't find a asset
This video started out super strong. But then got confusing at the tax part
Enrique Marin (1 month ago)
So then what do we do to get money if you don’t have any ??? Thus the saying .. “ you need money to make money “ . Along with the obvious discussed in the video and other financial decisions that grow wealth . Also wealth isn’t one day to next . It’s long term so if you don’t have money or have very little to begin with and you begin investing in whatever asset it is , you won’t be the one enjoying your money.
OmerTheGreatOne (1 month ago)
I got 20$ in my pocket! And i m hunting at the thrift store. I know u r jealous
Amnesia Iforget (1 month ago)
Or because inflation is racing as the minimum wage is raised and middle wages are diminished while cost of living goes through the roof.
Leo Sinsheimer (2 months ago)
What the rich do differently is ... they steal from those who work! In essence , they make slaves of others!
Thomas Cook (2 months ago)
So basically in order for the rich to not pay so much in taxes they actually keep the money flowing faster and count everything as a business expense.
H2O Fitness Studio (2 months ago)
I've been studying life improving and discovered a great website at Reality crusher secret (google it if you're interested)
Don O (2 months ago)
That doesn't look like a "Poor Dad", looks more like a "Poor Grandpa".
Dee Pollard (2 months ago)
Thank u for the lesson well said
Momento (2 months ago)
You have to FEEL poor to be RICH
M B (2 months ago)
Earn £1000 spend £2000, earn 10000 spend 15000...That's the problem. Hardest thing is getting that initial 6 month safety net but after that you don't have to make panicked decisions when your car or boiler breaks and don't have to resort to pay day loans. After that it's easier to save more and more.
Roseanna Manues (2 months ago)
My first foster dad was teaching me this when I was eight years old. He just retired from his job at Frito Lay. He’s in his sixties now. Though they both showed me on how to do this. I didn’t know why they were at the time.
Maria Makinen (2 months ago)
???!---
Eamonn (2 months ago)
Without taxes there’d be no roads, street lights, police, fire department, schools, or any of the other things we come to expect in a modern, developed country.
No Nono (2 months ago)
What’s a Black Friday?
hauntedmoodylady (2 months ago)
Mostly true, but again dumbass,, in spite of what ossama/Obama says while asskisser Warren Buffet stands there like a dork is that, Warren Buffet sure as hell pays more in taxes (actual dollars), the question/issue/truth is the tax rate he pays is less. He pays capital gains rate, not regular earned income rates.. If the turd, Warren Buffet ( to include Obama the Marxist Muslim) thinks the rich should pay more, the hypocrite Warren Buffett should be reminded he is free to send any amount he wants to the IRS. He is not limited to the amount of taxes he legally owes..
Miguel Castaneda (2 months ago)
try people who want money show it those have it dont flaunt it know several people shop dollar stores...thrift ,..own several homes 30 plus collector cars
ray bon (2 months ago)
Number one reason why everyone is still working after 35. Is...........? Cars. I don't care how many degrees you have. A person? Working at 10 dollars an hour. with no car sending 500 monthly to a mutual fund and, by mail every....30 days. Cause she doesn't know how to use the internet. At 10 dollars an hour, with no car, and a 7 percent crap return. Will be sitting with 500 k by age 35. Simply cause .....home girl never bought a car. The car from age 20 to 85. Costs a worker 1/2 million dollars. And between 20 and 35. Easily 150 k.
Dra O (2 months ago)
Rich folks plan for their future (ie buying rental properties or investing in stocks). It’s called delayed gratification. Get some. Plus, the rich can afford top tax attorneys / CPAs, utilizing the SAME tax system everyone uses in the US, to keep their taxes paid to a minimum.
BL1400 (2 months ago)
Freshly stolen from after skool
Jonathan D (2 months ago)
You just gotta live below your means and stack that paper until you have enough to start investing.
ryven (2 months ago)
leverage your money and you'll become successful!
Massi (2 months ago)
ok to became rich we should live a poor life
Wesley Tillman (2 months ago)
Except Warren Buffett does pay more in taxes than his secretary. This was just BS that Buffett threw out to try and inoculate himself with the left when it seemed Hillary was the future. The top 10% pay 90% of the income taxes in this country according to IRS stats. Where did Robert Kiyosaki get his wealth? By selling books about wealth. What does the book say in three words. Save and invest. Stretch this out into a couple of hundred pages, and with enough personality and salesmanship you might get rich selling basic wisdom that most people will ignore anyway.
Bryan Bond (2 months ago)
everything is Guy saying is not always true some people are just fortunate some people are born into money and some people have work hard and we're fortunate enough to be in the right place at the right time to make a lot of money but somebody living on $3,000 a month with a family is not a lot of money I I have six children and three grandchildren four children still live at home and that's about what we make 3000 a month there's nothing left you can't save money when you don't have it and we don't live an extravagant Life by no means in fact we only have one car or houses nothing special it's not fancy in the world we live in today it takes a lot just to live and a different parts of the country $3,000 a month you can't live I've heard of one and two bedroom apartments cost in almost that much so what you say is not always true there are people that work hard everyday long hours that don't squander their money and it's all they can do just to feed their family and keep a roof over their head pay the light bill God bless
Craig Cole (2 months ago)
Rich people or you want to be=Buy Everything Without Financing - Why make finance Companies rich ,. If can borrow from family friends Pay them the Interest would have thrown away ! I see people with financed $ 60,000 cars Living at Apartment s They never will afford a house or Retire in style !
mr mxtplx (2 months ago)
The modern day challenge to accumulating wealth is finding consistent regular income. Work 4 days a week instead of 5 and you are treading water.
Sagest K (2 months ago)
My house is the one on the right but I ain’t rich
ilivace (2 months ago)
I can't really understand him....it just sounds super staticky or he's mumbling
NC Styles (2 months ago)
But your car takes you to work. So it makes you money. A house value appreciates. But the latest IPhones, yeah they’re a waste of money.
stephen mentze (2 months ago)
hahahaha, I also found a loophole. I own and run a corporation and found a way to get double taxed.. yay. my cpa says the only solution is to get married.. buy a house.. or make 120k a year! moral of the story is don't be single and marginally successful. the IRS will bite you in the ass
Pankaj Pankaj Ingale (2 months ago)
wow nice
Jam (2 months ago)
5:10 Corporation 2:58 Compound Interest
Jamal Swiss (3 months ago)
u talk wrong. u should be gangraped.
BulletSpoung (3 months ago)
I think it's more about how reasonable a person is along with a drive to always do better and achieve more.  Living within your means and having a long term plan is also a big factor.  If you don't have a job and have no real skill that's in demand, you will be facing a large part of your life trying to fix this big problem as everyone else leaves you behind.  Do you know someone that was broke then had a child, smoked, freeloads off of everyone, gambled, go's out to eat, bought a new car instead of fixing an old one?  I can name several people that will put car repairs on a credit card and never make any effort to fix it themselves.  They always say, I don't know how, yet the info they need is right on there phone.  It's more like, It's beneath them or just to lazy and spoiled.  I don't know how, is a term leftover from the time before the internet, it's 2018 now and you don't need to know how.  You will find as time rolls past that lazy people and stupid people achieve about the same things in life.
Hanson Nguyen (3 months ago)
can someone explain to me the way to avoid tax demonstrated in the video? I didn't understand it
Enrique Montes (3 months ago)
Ummm, that's not all entirely true...warren buffet pays less taxes due to the lower dividend and capital gain rates
The Valiant Investor (3 months ago)
Enrique Montes I see you're interested in financials. I have a stock market Channel that you could follow my journey on go check it out man I think you will love it.💪
Enrique Montes (3 months ago)
Hey lol
The Valiant Investor (3 months ago)
Enrique Montes hey enrique 🖐
Surendra Lucky (3 months ago)
I am what you tell me I check your brain I have 1shop worth 76lakh RS approximately or 40lakh RS 🏠 or Maruti swift DZire 2012
Surendra Lucky (3 months ago)
2022 middle class total money is this
Surendra Lucky (3 months ago)
Middle class
steven anwar (3 months ago)
Poor people aim for a job , rich people aim for a business
google user (3 months ago)
invest to forex and lucrative business that's the better way to grow your money and have a faith in GOD trust him
google user (3 months ago)
middle class =jay-z rich=warren buffet
Student (3 months ago)
Taxation is theft
Apple Prieto (3 months ago)
Very informative.
The Valiant Investor (3 months ago)
Apple Prieto hey Apple 🖐
alfred dupree (3 months ago)
Video isn't realistic thumbs down
The Valiant Investor (3 months ago)
alfred dupree hey alfred🖐
Stephen Twilling (4 months ago)
It also has something to with buying deals and buy for save deals or discounts at grocery , never spend more then $200 on grocery if if you a 3 kid family . Also when u go stopping in stores buy stuff that on clearance and that how you save money . Don’t spend money on things you can’t afford cause that throwing money away
Stephen Twilling (4 months ago)
Or if your going over grocery 10 plus 💲💲💲💲 in a one person grocery of $60 or $50 then your spending too much on everything
Stephen Twilling (4 months ago)
This video is lame . It all has to do with budgeting your money for a wk and then you’ll save more for the future and in a yr . If your spending more 60 a wk and more then 100 to 110 on groceries for two ppl then your not budgeting and it’s that simple
Marquita Freeman (4 months ago)
Great video
Fe Fe (4 months ago)
Hi. Don't mind me. I'm just random comment wondering how he is drawing and coloring all of this with a black Sharpie 🙄
oscarmosca1234 (4 months ago)
good video and good comments
MLB (4 months ago)
Let me guess, your saying that the wealthy stay wealthy because they spend extravagantly (money that isn't coming back to them) Then they've got little left and then get tax with that? That's more of a highway to being broke.
Vibes Addick Ent (4 months ago)
I dont want to rich I want to be happy, people spend there whole life chasing wealth. but the truth is with wealth they just abuse who below them. a rich person will have someone cleaning their toilet for $8 n hours .what kind of human do that . at the end of the day they on the same plane as us just get of before us. they eat the same thing ,our car going the same place there's taking them lol. people just be humble be happy n live & love
Shai Shai (4 months ago)
Smh people and money
WolfTau (4 months ago)
Not stocks. Do mutual funds. Ask a financial advisor. Single stocks are VERY risky. Mutual funds are much safer. Even investing in the Dow you would have made a killing these last 10 years. It's slow and steady not a race when it comes to investing.
political guru (4 months ago)
After getting financial education, ensure to radically deal with the faulty foundations (if you still have any) that are working against your life or prosperity. Zachariah 1:18-19 talked about the four horns.
your accent is annoying. can’t listen to you for more than 40 seconds. not your fault though. where are you from? singapore?
Carla Campbell (4 months ago)
They pay their employees as little as they can get away with and horde tedious amounts of money that’s what they do differently. Stop working for someone one else work for your self.
jump oricakle (4 months ago)
most of it was good but warren buffet pays way more money in taxes than his secretary. millions more. he likely pays a lower a percentage of his income but his income is so much higher he ends up paying a lot more.
Bellal Hamid (4 months ago)
Why I'm watching this video?
paperinkglue (4 months ago)
So the secret of the rich is the reverse of Robin Hood. Take only from the poor and give to the rich. No wonder the wealthy hate Robin Hood.
Hannah Garstang (4 months ago)
This video is great and all for people who live beyond their means, but for people trapped in poverty living pay check to pay check trying to make ends meet, it's just a tad offensive. It's a bit hard to invest in assets when your struggling to make rent mate.
Shame on the Moon (4 months ago)
Didn't the author's company go bankrupt?......
Super Silver (4 months ago)
Are you trying to tell poor people how to get rich or how the rich people stay rich?
Super Silver (4 months ago)
A liability is a house and a car. where do you sleep and what if your job is somewhere far?
Hajdu Éva (4 months ago)
buying liabilities I like.that
Zach Shouey (4 months ago)
I see rich people living in ridiculous size mansions I see rich people with super powerful cars I see rich people going out to dinner every night and day I see rich people with maid services and Gardners I see rich people going to private schools I see rich people with expensive clothes.the list goes on and on.
edi-BMW (4 months ago)
I have 400-500$ free every month how this little amount of money can bring me some profit?
ZODIAC (4 months ago)
the problems is the sick in the head rich and middle class whtie american savages take advantage of teh poor in so many ways they pay them very cheap money and live off the poor peoples back like kings and in usa there is no law when it comes to taking advantage of teh poor modern day slavery in usa is a multi billion dollar business they is big money in fucking over the poor
Isfahan Ismail (4 months ago)
Boo... DISLIKE!
Isfahan Ismail (4 months ago)
Anyone who disagree? Obviously yes!
Isfahan Ismail (4 months ago)
This is actual bullshit!
RB Colbert (4 months ago)
Not all rich people live in modest homes, but I understand the concept here. The middle class shows off a lot with material things vs having any real wealth.
Fareedh Salavudeen (4 months ago)
The truth bomb. Shame not a lot of people know about this.
web (4 months ago)
Back when I drove a rusty vehicle, shared an apartment with 3 other guys, and made next to minimum wage... I still saved and gave. It is really about not living beyond your means. But most people don't have the self-control to pull it off. They see a toy or candy and they have to have it.
The God Effect (4 months ago)
What do rich people do differently? Start with one sided political and financial policy that is orchestrated by corporations and rich benefactors to skew the rules of investing. Why does Romney pay an effective tax rate far less than the 25-30% that most Americans do? Why do many corporations effectively pay zero income and profit taxes? The game is rigged, folks. This advice is insulting to many 😓 working folks. Check out Michael Lewis book how hedge fund managers and billionaire arbitrage investors have computers that trade fractions of a second before dipshit middle class Annericans do by tracking subtle buy/sell clues that the average sheep are not privy to.
jjagddeesh kallvagunta (4 months ago)
How to plan a day for people of age 30, having income less than 100000
xxP1ST0LER0xx (4 months ago)
If we all got paid the same the rich will always have more money because they know how to use their money and the poor will complain.
Anthony William Rich Jr (4 months ago)
Steal, bribe, lie, cheat oh and steal.
Tujuh Belas (4 months ago)
This is stealing video
beesinthesky (4 months ago)
You mean Britain - not England.
This is robert kiyosaki story..
J C (4 months ago)
This is stupid all those liabilitys the rich already have it so they don't need to buy it..
mwiti Stanley (4 months ago)
Hey you have financial wisdom :) I really love it, definitely subscribed!
Grace Morgan (4 months ago)
Beautifully explained.
Right Wing Radio (4 months ago)
Dumbass stereotypes to make people feel good about themselves. If you believe this then you're pathetic.
Clinton McBride (4 months ago)
Middle class or poor? Those are two entirely different ballparks
90nomads (4 months ago)
This channel should be called "Political Advice"

Would you like to comment?

Join YouTube for a free account, or sign in if you are already a member.