THE BIGGEST MISTAKE YOUNG PEOPLE MAKE - ROBERT KIYOSAKI

Video Description

In this episode of Millennial Money, Robert Kiyosaki breaks down one of the biggest mistakes young people make when it comes to their financial future—focusing on doing what they love rather than investing in what they love. Joined by Alexandra Gonzalez-Ganoza, Robert explains why this common mindset can limit your financial growth and how adopting a big money mindset focused on acquiring assets can lead to lasting wealth and independence. The Biggest Mistake Young People Make Robert highlights that one of the most dangerous beliefs young people hold is thinking they have plenty of time to build wealth. This mindset often leads to prioritizing fun and passion over smart financial decisions. He argues that time is either your greatest asset or your greatest liability, and by focusing too much on doing what you love, many end up neglecting the importance of learning about taxes, debt, and business-building early on. The Cashflow Quadrant: Moving to the Investor Side Robert revisits his famous Cashflow Quadrant, explaining how young people often get stuck in the “E” (Employee) and “S” (Small Business/Specialist) quadrants, paying the highest taxes and struggling with financial limitations. To build lasting wealth, he emphasizes moving to the “B” (Big Business) and “I” (Investor) quadrants, where you can leverage business and investments to reduce taxes and create passive income. Investing in What You Love Instead of merely doing what you love, Robert advises millennials to **invest in what they love**. Whether it’s real estate, businesses, or commodities, smart investments allow you to build wealth while creating opportunities to focus on your passions later in life. He shares his personal journey of making sacrifices—learning about taxes, debt, and business management—to build a strong financial foundation. #robertkiyosaki #richdadpoordad #millennialmoney http://www.richdad.com Facebook: @RobertKiyosaki https://www.facebook.com/RobertKiyosaki/ Twitter: @TheRealKiyosaki https://twitter.com/theRealKiyosaki Instagram: @TheRealKiyosaki https://www.instagram.com/therealkiyosaki/