10 Things The RICH Teach Their Kids About MONEY

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Information 10 Things The RICH Teach Their Kids About MONEY

Title	:	10 Things The RICH Teach Their Kids About MONEY
Lasting	:	15.13
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Views	:	1,2 jt

Suffering vs reward often balances out regardless of the path you take unless you are at the extreme ends of the spectrum There are exceptions, but being a miserly fool who hoards his money away in a vault never to be sent, or being a spendy fool who always wastes away his paycheck doesn't work out too well You have to use a bit of both at different points to get the most out of life Also, passive income like owning shares of a company or owning real estate arent some silver bullet that will magically make you a millionaire They can be quite risky, and there isn't a guarantee things will pan out the way you hoped They are more valuable when you already have a decent amount of money to getting to that next stage so you can own enough assests to diversify your portfolio Also the mo ey from them comes slow, whereas a business if successful will likely pull in money much faster and on a much greater scale You really need to emphasize more active strategies like starting a business and or getting experience in a high demand well paid industry to even really start to consider investing in more passive approaches But once your there, you can sit back and watch as your wealth slowly snowballs with time
Comment from : Kanye South

$6000 a month Jesus Christ 😂
Comment from : Sean Craig

The one thing these videos never talk about is (TRUST) EVEN ROBERT KIYOSAKI got taken for money The trust part when it comes to investing is the part no one ever talks about These videos act like all you have to do is invest and you will grow wealthy 😆 lol
Comment from : Car Univ

The running rat, a term people would probably know for the running rat, is being stuck in the matrix The matrix of debt, bad money spending, and a ton of other things this video has exxplained
Comment from : The Queen of My Playlists

I believe rich people do tend to 'save' for a down payment on a property that you want to invest Otherwise you are risking eeeven more money I believe saving 20 is enough to do itbrNever save all your money in the bank (this is plain dumb)
Comment from : Penguin go brr brr

First off, they actually TEACH them about money period That's the difference
Comment from : Freedom Sprout

😮
Comment from : Rubi Cervantes

😊
Comment from : Rubi Cervantes

Do you have any studies to support the claims in this video ? I am writing my master’s dissertation on this topic Thank you!
Comment from : Charlotte T

Psychological-profile and review of the results of such profiles, the rich/politically-connected/royals/ do-Not know how to bring-up their kids Serious-and-Critical professions excludes them from going near Sometimes, their parents(smarter ones) forbid them from entering the business-premises and go open a small-cafe(outside) instead of creating troubles within Do-Not be jealous or envious or friends or there is actually nothing-much about them other than money and things money can buy Their dependency on others(servants) makes them handicaps in many areas and cannot even travel independently without paying for basic services Unable to handle life with lesser-money(salary of a low-level manager) to buy their way out (mental handicap) is the usual for these types Discards during difficult times, betrayals during normal times, outcast during good times review your own business environment for such statistics and profile them yourselves
Comment from : Eng Choon TAN

Great message
Comment from : Besties forever

Great to see your videos You also add beautiful graphics Which programs do you use to add these graphics and infographics?
Comment from : Henry Thomas

My mom keeps on saying that I have to watch this video
Comment from : Lena Happy

1) Teach the importance of moneybr2) Teach the difference between assets and liabilitiesbr3) How to manage their moneybr4) Different ways to earn moneybr5) Developing productive habitsbr6) No one owes you anythingbr7) Social and influence skillsbr8) Delayed gratification (patience)br9) There is always more money (for the things we want, our job is to go and get it)br10)The best way to make money is to help others (resolving people problems)br(BONUS) 11) They understand they don’t know everything
Comment from : Joëlle Abate

Wtf?
Comment from : Marley Major

Awesome🥰❤💯i am saving this for my collection
Comment from : Jaiprakash Agrawal

Haha sure, planning monthly budget does require a monthly budget to give to the kids in the first place Sorry you are too poor to get rich Bad luck
Comment from : David D

This video is totally based on book rich dad poor dad
Comment from : Gaurav Gangwani

Pov: you grew up kinda poor and for some reason at 13 years old you have a fascination with economics and buisness
Comment from : Covers

So, I if a person needs a car to get to work and a typical quality used car loan in my region can be $500 a month This person should save up around 50K to be able to make their monthly car payment off the interest from their savings Well, obviouly these are lessons for rich kids All they need to do is borrow mommie's BMW while they save up to have a bank account big enough to cover a car payment with the interestbrAlso, Bill Gates reported he was leaving his kids $10 million, hardly a minuscule amount
Comment from : William Hunter

This kid is right You want to be a rich man? You have to learn from the rich They work hard and teach their young at a young age about finances I wish all the regular people knew about this video My rich father taught me everything and helped me buy property to rent That helped me to invest around 40k Don't be poor and look rich, be rich and look poor because you invest He also gave me a job at his firm to teach me how to feel poor and appreciate the ins and outs of his world We so smart
Comment from : Sarcastic Asmodeus

Parents with jobs have kids with jobs and none of them get rich
Comment from : Andrew Cheshire

All of this is good and well, it's only missing the most important part- HOW Which pretty much renders it, completely useless info
Comment from : Andrew Cheshire

Mentally I'm rich but haven't start yet, cause I have all this on my mind Hopefully I'll start soon Please guys any advice for someone who like to bet money on sports
Comment from : EARTH and EVERYTHING

Looking good but going nowhere 😂
Comment from : MISST WITH THE TEA

My family taught me nothing, if it was not for youtube l would not of learned
Comment from : heather

GREAT VIDEO
Comment from : Khandokar Robi

Hehe
Comment from : asiya jay

Hi my name is jeff
Comment from : asiya jay

I just don't get that owning a home is a liability? Isn't it that if you are a renter, you are making your landlord rich? Yes, you have to pay the mortgage, taxes, insurance, upkeep on your own house, but isn't part of one's mortgage interest and property taxes are tax deductible? Plus, you are still building equity on the house you are living in so, how could this be a liability? At least, the way I see it, the government is actually subsidizing homeownership because it creates jobs! Many so-called financial guru's online are not sold on owning their own homes? Where do they live? Do they rent? I say, owning your own house is a Good kind of liability We have to separate it from business investment kind of liabilities, right? I advice all my kids and grandkids to buy their own house, not just for equity appreciation, but also for pride of ownership They won't have a landlord who can increase their rent year after year, or kick them out if the owner decides to sell the house, or if they get foreclosed on, they can make improvements on it the way they want, etc With the interest rate so low as it is, buying is the way to go I pay about $160000 a month on mortgage, for a 3,500 sqft home The rents in my are a during winter season (Florida) for this size home and location is over $5,00000 a month Now, why would I rent vs own?
Comment from : Glamma V

I like your video presentation It is informative too, at the same time Thanks a lot for your guidance!
Comment from : Eliana Smith

I know some rich children who think money is just a toy and that it is infinite Not all rich kids know what it takes to be rich, I think that is a problem that some rich families have to face I believe it is important to control your kid's spending and help them understand what finances and money are, most although not all rich parents do this Someone who will become rich and someone who will stay poor is more of a mental thing than a luck, although luck can help in some cases I bet those children of wealthy families will be bankrupt by the next 20 years, or by the next generation at least
Comment from : Kea Gaming

Buy a house and rent rooms £2500 max with no tax if more you will pay tax
Comment from : Player 100 Game

You mean they send them to a private school
Comment from : Spiceless E

Thank you for this video It's very informative, and educational Something one can definjtely apply I have been raised in a single income household, and growing up, I have also developed this mentality from my parents Now a solo parent, and I am doing my best to make sure to fix my finances and also teach my 11 y/o son how he can make himaelf financially literate, and break the system that I grew up with Apart from education, being financially literate, regardless of age is also equally important especially for children of the new generation Keep it up!
Comment from : NousDefions

Instead of thinking about money and what you can buy with it, think about what you're doing to this beautiful planet called Earth Stop treating it like a rubbish dump; stop killing off nature so that you can have a nice big house built; stop buying fast cars so that you can drive on flooded roads that cover the land where rain water is supposed to soak into
Comment from : Sharon Pointon

owning a house is not a liability on the contrary, real estate is often the only asset people have
Comment from : certioremfacere

Thanks for your advice am really appreciate
Comment from : okidi james oyutu

I doubt you actually did any research to see what actual rich parents teach their kids this is just general personal finance advice Where are your sources?
Comment from : Kusalin Thanyakulsajja

Lzn is more secure than shiba and Titano
Comment from : Ansar Rabiu

Why buy a car that costs you $500 a month? Why not just save up money and buy whatever card you can pay cash for?brbrI realize there is an argument for having an offsetting asset with a higher rate of return than the interest on the car But there is some utility to not having to pay the payment, also If you pay cash for it, you may end up spending lessbrbrOf course now, with the supply chain crisis, used vehicles are not depreciating the way they used to
Comment from : SaudaraLink

Thanks
Comment from : okidi james oyutu

I believe there is one more that should be added You are the sum of the five people you associate with the most brbrLook at who your closest friends are If they are the “live paycheck to paycheck type,” with no intention of bettering their financial future or even their personal growth, do not save or invest, watch television instead of reading books, and dismiss the dreams of anyone reaching for success…guess who you will end up just like?!brSurround yourself with those who push you forward, not hold you back
Comment from : Scott Gould

I see I have some of the social negatives I cant seem to get over
Comment from : Jayes Creations

I was not taught about money and as a kid thought that people who thinks about money, money, money are greedy, shallow bunch of pretentious sub humans Not until I had kids did I realize that I needed money to give them necessities People whose existence and confidence based on their wealth are never happy, but if you are poor and stealing, you wouldn't have self dignity either I have seen rich and powerful people from my father's generation fell off their high horse and came to a sad existence, which even the rich and famous will end up So don't be too greedy
Comment from : mpl

It’s like my sister and me…brbrShe is about spending and me investing in my music business
Comment from : Riyaah Lopez

Thank you a lot for this video This is very interesting and informative Keep posting like those amazing videos, this is awesome
Comment from : Lucille Margot

THANK YOU FOR THIS! Now let's teach this to young learners!
Comment from : Three Little Pigs Learn About Money

bWe are what we repeatedly do Excellence, therefore, is not an act but a habit/b
Comment from : MILLIONAIRE MIND

The Poor parents Don't teach theres Kids about money Because there Don't Know How
Comment from : Henry Colling

A decent enlightening post that you have shared and appreciate your work for sharing the data I value your endeavours and all the best Praise your work and continue sharing your data
Comment from : Annie Williams

A home is not a liability nimrod
Comment from : Mike Miller

Because Racism and Fiat Dallas have nothing to do with this equation🧐
Comment from : Fields 1

I've been searching Youtube videos for a full year now trying to find someone who can actually teach from the wealthy side of how to build wealth I need, as you say, someone who can actually solve problems and is fearless enough to pull back the curtain to teach step by step, nuts and bolts of how to All I've been getting is fluff, not quite the full answer, because they are scared to give too much away There is always more money, most people come from a place of scarcity Thank you so much for your video, transparency and genuine willingness to help others
Comment from : HajiImpressions

There are multi billionaires and they have children and maybe only 1 out of 3 of them or none actually get anywhere in life!!
Comment from : D M

EDUCATION AND INVESTMENTS IS KEY 🔑 🏆
Comment from : Jesse Wilson

This is the most anti-socialist thing I’ve seen in a whilebrbrLove it
Comment from : Andy

You have no idea
Comment from : Nazario Bautista

Regarding 5:00, a car for $500/month is a Nissan or a Hyndai
Comment from : Luba Solonenko

stop stop stop stop stop stoppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp stopppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppsssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp
Comment from : karah kattick

quit youtube
Comment from : karah kattick

The rich people are to always learn off the poor people from the poor people to not bitch and complain from their many controlling of emotions and thinking to create their great survival skills from the poor people's of many controlled mind states of survival from no bitching and complaining from their very strong mind determination of adaptability
Comment from : Nicky Seccia

Wow, I have to work hard
Comment from : Venise St Paul

This is great!
Comment from : Jason Gilbert

I was really enthused by this video until I noticed the colorism here… smh
Comment from : Jammie Minor

So all the people that say they are doing stuff or have done stuff, or get what’s said here are implying that they are wealthy? Rule 11 Don’t lull yourself into falsehood
Comment from : DossieSG

How
Comment from : agamingchannelolXD alt

Long ad fer a book
Comment from : Rob Morris

I would be grateful if my parents taught me any of these in my childhood
Comment from : GetBetterWithMe

Sorry but the poor never get a decent salary,never mind 6000 dollars a month brThey are paid by the hour and cannot afford to spend money on cars, new clothes or holidays
Comment from : Marlene Flourentzou

This is awesome!!! I needed to hear thisbrbr“When you don’t have a paycheck, you get hungrier, smarter, and it’s a test of your character”
Comment from : Xyym

I dropped a video on my channel touching on financial literacy in the black community , definitely a good watch
Comment from : Simmonsnation

To have a mastermind group would require friends
Comment from : Jake

អរគុណបានទស្សនាម៉ូណិមានមតិ
Comment from : សេង ហ៊ាង

1:37
Comment from : JELLYkokokiyaow🙃 • 700 years ago

My grandpa is a self made multibillionaire while my dad has inherited lots of money instead of making it on his own At 16 under my dads influence I spent about 200k in one year on designer clothes and it made me feel depressed Now a few years later after living with my grandpa I won’t get extra meat in my chipotle cuz it’s too expensive but I’m the happiest I’ve ever been My point is to be successful monetarily and enjoy your money, that money first needs to be respected and appreciated If money only brings fun, can that temporary increase in dopamine really motivate you to make more money?
Comment from : Nutcracker

Work for Asset alwaysbrMake money to make more money (passive income) wise
Comment from : Kishan Zala

Worthless video Probably the worst I’ve ever seen Damn
Comment from : From Dusk To Dawn

The 748 people that disliked are poor?
Comment from : Travis Brown

Holidays Tropicana juice bar bio🍹 vasilis

The truth is that this is just sistematic wich doesn't bring happiness necessarilywhat we need to teach our kids is ethical values
Comment from : Holidays Tropicana juice bar bio🍹 vasilis

The truth about being wealthy That what we thought our children
Comment from : Ginette Lafortune

Money grow on trees 😂
Comment from : Jack King

I am watching this to share it with my 11yr old
Comment from : Andrine Brown - Cover

2:52 SHIZIT 6G"$ a month!!??? If I ONLY HAD THAT SALARY I Wouldn't be Watching this Video!!!! 6 thousand dollars a month I'd keep my raggedy old apartment in the Ghetto and be the Richest 1 on my block and half of the place I live, called "DA BRONX "
Comment from : 9doe