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How to make money in real estate | Robert kiyosaki #vpmotion #shorts #realestate

VP Motion

45s137 words~1 min read
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[0:00]I own 15,000 houses. 15,000 houses! Okay. Which you give it out for a rent.

[0:06]Yeah. So nothing wrong with buying a house. Yeah.

[0:09]Differences, I use debt to buy it. Okay. And I pay no taxes. It's not the house. It's not the stock. It's not the bond. It's your brains.

[0:18]In 1971, this became debt. The only way it's created if somebody has to borrow money. So in your credit card, there's no money in your credit card, right? There's no money anywhere.

[0:31]To the moment you use your credit card, money's created. And they need people to borrow money. So when I go to a bank and I say I want to borrow $20 million, I get huge tax breaks because I'm creating money.

[0:44]But if I use my credit card, I get nothing.

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