Padre Rico Padre Pobre Por Robert T. Kiyosaki - Resumen Animado

This is the little Robert Kiyosaki, who at a very young age had the opportunity to learn from a rich father and a poor one. One had a doctorate and the other did not finish high school. The two would have very substantial income throughout his life. However, one would become one of the richest men in Hawaii and the other would have many financial problems during his life. When he died, one inherited millions of dollars to his family and charity groups.

the other would only leave bills pending to pay. Unless you belong to this small number of people, your parents will teach you to be poor. This does not mean that your parents do not love you. The simple reason why the rich can generate more money and the poor become more powerful is because the financial issues are taught at home and not at school.

I can tell you from personal experience that when I went to university I had the opportunity to study accounting, finance and economics and I did complex analysis of financial states to be able to identify if the price of stock market share was going to go up or down. I also had the opportunity to calculate complex financial products such as future contracts, forward, purchase and sale options, among many others.

but I have found a more useful and practical advice reading this book than in my four years of university. Many people have deficiencies in financial education because they do not know the difference between an asset and a passive. I understand that it can be a boring topic and that you have probably taken a accounting class where they explained this concept to you, but we are going to see it in another way to understand it more easily. This is a very basic financial state, divided into four parts: assets, liabilities,

income and expenses. An asset is something that puts money in your pocket or in your income. A passive is something that takes money out of your pocket or an expense. Rich people invest their money in assets such as stock, bonds, real estate and businesses. This generates a flow of cash, which puts money in the income column. An example of this is a house. The middle class thinks that having a house is their biggest asset.

but the truth is that it is a passive this is because you are going to pay your bank an interest on the loan and you are going to pay an annual tax on the property all this money comes out of your pocket and is considered a passive and a expense in the case of Kiyosaki what he does with the real estate is sell them for a higher value than they were acquired when the conditions are favorable to do so but while this happens the property is rented

This puts more money in your pocket, which is considered an income. On the contrary, the middle class buys assets that are really passive, that instead of generating a positive or negative flow, they become a expense. An example of this is a new car, a television or an iPhone. All this involves expenses.

Obviously when people see them they will think they are rich, but the reality is that the financial states say that it is middle class or poor. The ideal financial state is to keep the expenses and liabilities as low as possible and increase your asset column to generate more income. Only until you have done this constantly you can quit your job and be rich.

Among the many myths that exist about money, for 99% of the society, is that taxes are a punishment to the rich to help the poor, something like the figure of Robin Hood who steals from the rich and distributes it to the needy. Let's see a little review of the history of taxes.

Taxes are not something new. The first tax laws appeared many years ago in China, Egypt and Mesopotamia. These contributions had as their objective among many others: finance wars, build pyramids,

and the case of the Catholic kings of Spain paying for expeditions to discover the American continent. One of the ways to sell the idea of introducing new taxes to the people was saying that these would be only for the rich and therefore could help the poor. Those of the middle class and the poor were happy, but the rich are very cunning and managed to reverse this process by creating the corporation.

and as a consequence it ended up affecting more the middle class and the poor than it was supposed to be the beneficiaries. This is one of the reasons why investors like Warren Buffett pay a 12% tax on their annual guarantees, while their secretary pays a 35% tax on their salary. The first thing you pay before receiving your salary is the deduction of taxes on your salaries.

which is one of the biggest expenses we have per month. And after this is the mortgage and the car. The corporation allows you to do this in a reverse way. First you receive your payments, then you make your expenses and finally you pay your taxes. When we talk about a company or corporation, the first thing we imagine is a big and luxurious building where people who live in an elegant way are going to work. But the truth is that the corporation is nothing more than a bunch of papers stacked in a folder.

The power of the corporation is the ability to have a lower tax burden on other contributors and also deduct the expenses before paying the tax. The corporation is something so common in the business world that companies like Google and Apple use the corporation to obtain tax havens in Ireland, Bermuda and the Cayman Islands to keep their guarantees out of the hands of the American tax.

Another reason why many people are not rich right now is because of fear. There will be many people who will come to complain to me and they will ask me: "Ivan, but what happens if I lose all the money I have saved to invest in this business?"

To begin with, everyone is afraid of losing money, whether rich or poor. The important thing is not to let this fear become a phobia. In that moment when you are full of doubts and you think you are going to fail, is when you should decide your course and try it, because you have much more to gain than to lose.

I'd rather lose $2000 by starting something new than buy a giant TV that will be obsolete in two years. To finish, I want to leave you with two sentences. The first is from Mark Twain, who says: "In 20 years you will be more disappointed by the things you didn't do than by the things you really did. So take a risk, sail away from the safe ports, explore, discover." And the last one is from Albert Einstein, who said:

A person who never made a mistake never tried something new. Thank you very much for watching this video.