Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki


“Rich Dad, Poor Dad” Author gives Investing Advice

Millions of people have sought Robert Kiyosaki’s advice on investing in real estate. The author of Rich Dad, Poor Dad believes America’s financial dilemma is directly related to the rest of the globe. ” I think the world economy is contracting which is why oil is coming down, gold is coming down, property is coming down all over the world,” said Kiyosaki. When it comes to investing, Kiyosaki said too many people get their advice from someone trying to sell them something. “So you’ve really got to be careful who you take financial advice from because ultimately that six inches between your ears is your greatest asset so be careful what you put in there.” Kiyosaki has made his money in real estate – primarily commercial real estate like apartment buildings. And his decision about what to buy might surprise you. “Real estate is based upon jobs. If the jobs are good, real estate’s good. If jobs are bad, real estate’s bad – it is that simple.” Good jobs, he says, indicate economic stability. “It really has to make basic business sense. So I’m buying real estate, apartment houses in Oklahoma. Why Oklahoma? Oil. That’s the number one reason – it’s a pretty stable economy, oil is always there.” If you are thinking of investing in real estate, Kiyosaki says there are three important considerations. “Number one, you have to have good partners, that’s smart partners. Number two you have to have good financing and the sub-prime was bad financing. And three with real estate you have to have good management.” He also stresses the importance of financial...

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The Business School

– Robert Britt I was reading Robert Kiyosaki’s book “The Business School for People Who Like Helping People” in which he talks about the tremendous learning opportunity in having your own business. Specifically he writes about having a network marketing business and how that can teach you to be a successful sales person. In order to be a success at life you have to be good at sales. Now, I know there are going to be people who will be totally turned off by that statement, and I think the only reason that would be true is because of misunderstanding. There is a misconception about sales in general. “Oh, no, here comes the sales pitch” might be something that comes to mind. BUT everyone loves to buy things, so the logical step is that something sold them on whatever you are buying. So do you really hate sales, or do you hate being sold to? The answer is pretty obvious or people wouldn’t be buying. How do you decide what you are going to eat? There is the taste factor, but there is also information on nutrition that enters into the picture and also commercials on TV, radio, billboards and what else? Opinions of people in your life. The opinions you share are actually a sales pitch. If people listen to you and go to a restaurant, or try a recipe that you recommended; you have sold them on that idea. So you are doing sales, but not getting any commission on it. The reason that you are comfortable doing this type of sale is exactly because you don’t feel like you are selling and the person who is ‘buying’ your opinion doesn’t think you have ulterior motives. Wouldn’t it be great if you could earn a commission every time someone followed your suggestion for a book, movie or restaurant? On the web, this can often happen. If you have links to products you recommend, and they are affiliate links, this brings you a small commission. In life, the only way you earn money this way is if you have a sales job, or a network marketing affiliation. The difference between the two is that in a traditional sales job, you only earn money on your efforts. In a network marketing company you earn on the efforts of those you bring into the business, as well as on your own efforts. This is the power of leverage. There is apprehension in people about network marketing, or multi-level marketing as it is sometimes known, but in truth the concept has come a long way since the concept was first introduced....

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Finding Your Magic Investing Formula

– Robert Kiyosaki People often ask me, “How do you find great investments?” My standard reply is, “You have to train your brain to see them. Great investments are all around you.” I know that’s not a very satisfying answer. Most people want something more specific and concrete. But my reply is as accurate as possible. If we could’ve seen all the great investments just in the past decade, we’d all be multi-billionaires. Missing Out on Millions There have never been more opportunities to become rich than in the last 10 years. And there’ll be even more opportunities in the next 10. Let me explain. Like many investors, I didn’t see the power of eBay almost a decade ago. If I had, I’d be a billionaire today. Nor did I see the power of YouTube, or Google, or MySpace. Being an old guy, my brain isn’t trained to see investing opportunities in cyberspace. So I missed them. Thirty years ago, when my business career was just starting at Xerox, I was introduced to a new type of computer. I wasn’t tuned into computers at the time, so little did I know that I was looking at the early version of what was to become the Macintosh. So I also missed that billion-dollar opportunity, too. How many billion-dollar opportunities have I missed? Maybe millions. If I’ve missed so many million- and billion-dollar opportunities, why am I writing articles and speaking worldwide about financial independence? That’s a valid question, and the answer has to do with helping you find great investments. Perseverance Pays Off I took my first real estate investment course in 1974 in Honolulu. The cost was $385, and I believe it was two or three days long. Toward the end of the class, the instructor said something I’ve never forgotten: “Now you know the difference between good real estate investments and bad real estate investments. Now you all know what to look for.” He paused and then added, “The problem is, most people will tell you such investments don’t exist. Your friends will tell you so, and so will real estate agents.” Truer words were never spoken. For the next few months, I went from real estate office to real estate office, looking for investments. As promised, the real estate agents told me what I was looking for didn’t exist. My friends and co-workers at Xerox told me the same thing, and said I was either dreaming or smoking funny cigarettes. Finally, in a small, obscure real estate office in downtown Waikiki, I met a scruffy little broker who said, “I have what you want.” The next weekend...

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Robert Kiyosaki interview on Days With Zahrah

Robert Kiyosaki appears on Days With...

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Meet Neel Kashkari: The Man With the $700 Billion Wallet

– Wall Street Journal | Oct 6, 2008  – – Posted by Heidi N. Moore  – A Goldman Sachs Group alumnus in charge of the nation’s economic rescue? How unusual. Except, of course, it isn’t. As The Wall Street Journal’s Deborah Solomon reported today, Treasury Secretary Hank Paulson is promoting Neel Kashkari, the Treasury’s assistant secretary for international affairs, to be the point man overseeing the $700 billion financial bailout as the interim head of Paulson’s Office of Financial Stability. The full appointment would need Senate confirmation, which is unlikely to come given the short remaining tenure in this Administration. The move essentially puts a new title on what Kashkari he has been doing since he joined Treasury in 2006–examining the consequences of an economic housing fallout. Kashkari was one of three Treasury staffers–including general counsel Robert Hoyt and head of legislative affairs Kevin Fromer–who stayed up until 4 a.m. last Sunday putting together the $700 billion bailout bill that was shot down by House Republicans the next day. Kashkari is an Indian-American who has a few things in common with Paulson . Both are former Goldman Sachs bankers, though Kashkari, at 35 years old, is much younger and was just a vice president-level banker in Goldman’s San Francisco technology banking effort when Paulson tapped him to join Treasury. Both also are Midwesterners. Kashkari grew up in Stow, Ohio, and earned a bachelor’s and master’s degree in engineering from the University of Illinois at Urbana-Champaign. Paulson was raised in Barrington Hills, Ill. And both sport similar hairstyles– or lack thereof. Kashkari didn’t take a conventional route into banking. He started out as an aerospace engineer at TRW, developing technology for NASA projects like the James Webb Space Telescope, the replacement to Hubble, which is scheduled to launch in 2013. He earned an M.B.A. at the University of Pennsylvania’s Wharton School of Business. While there, one of his professors was Michael Useem, who liked to put students through grueling, Outward Bound-type strengths of endurance and strategy. Kashkari participated in one Army simulation in 2002 at Fort Dix, where he was quoted in this 2002 Philadelphia Inquirer article in a comment just as applicable to today’s financial crisis as the project he was working on: “We were all taught to play nice,” Kashkari said. “So who’s going to fight in the sandbox?” After Wharton, Kashkari joined Goldman and worked in San Francisco, where he advised companies that create computer security programs like antivirus software. He and his wife, Minal, still keep a house in California. Paulson likes to surround himself with people he’s comfortable with: people, mostly, from Goldman Sachs. Paulson’s inner...

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Saving’s not enough, invest your money

When we hear the word money, what comes to mind — savings in banks, investment in mutual funds, investment in equity, investment in real estate, investment in antiques? In my opinion, it is a combination of all. Investment gurus call it the ‘diversification of portfolio’. We learn the discipline to manage money effectively outside the classrooms. It reminds me of an old incident. Once, almost 20 years ago, I visited my friend and we were busy talking when her young son entered happily, showing his mom a $100 note gifted by his granny. All he wanted to do with it is buy chocolate. His mother explained to him that chocolates are unhealthy and he should do something else with the note, preferably put it in his piggy bank. Reluctantly, he agreed. A few months later, I happened to visit her again. That day she was busy with her son, helping him open his piggy bank, overloaded with coins and notes. They both counted them and were delighted that the total was beyond their expectations. Again this time as a responsible mother, she advised him to put this fund into a savings account. She taught him to fill up the deposit slip. The boy tried, but could not. So his mom filled the slip and he left for the bank along with an office help. Years rolled by, and his mom is now proud of his saving habits. However, the amount is earning interest only in the bank. “To save must be a habit of childhood, but to invest must be the habit of adulthood.” My friend, as a responsible mother, could reach only her son’s childhood and not beyond. What is the count of your investment portfolios? Are you working for money or is money working for you? “The poor and the middle-class work for money. The rich get the money to work for them”- Robert Kiyosaki, the author of Rich dad poor dad said in the book. It’s generally seen that many people have the habit of switching off their minds when it comes to money matters. People in the other category have a habit of exercising their minds when it comes to money. The difference depends on many criteria. It doesn’t matter if the child doesn’t listen to you, or doesn’t obey you. The child always observes you. Since childhood, we listen to and observe many things in our parents, teachers, friends and others. This plays a vital role in developing our thinking patterns. I will explain two different thinking patterns by picking up some of the effective sentences from Rich dad poor dad. Generally, we veer...

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Rich Dad’s 8 Core Values for Success

Robert Kiyosaki, author of the best-selling Rich Dad, Poor Dad series, shares tips for getting ahead in business. Find equal opportunities. Don’t be a victim of the survival-of-the-fittest technique. Make yourself marketable. Get a life-changing business education. Feed your mental, emotional, physical and spiritual needs. No, this doesn’t necessarily mean sitting in a college classroom. Get an education from life. Latch onto friends who will pull you up, not push you down. Protect yourself from negative influences. Find value in your network. The more people you can meet in business, the better. Develop your most important business skill. Communicate, communicate and communicate. Be a leader. Influence others by being a great teacher. Don’t work just for money. Work to build wealth, not money. Invest. Live your dreams. First of all, make sure you have dreams. Then make them a reality. You can be a successful businessperson and still make your dreams come...

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Video: Teach Your Children to Become Financially Independent (Part II)

Part 2 of Rob Minton’s Presentation “How to Teach Your Children to Become Finanacially Independent”....

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Financial retirement plans: figured out sooner is better

~ By Lindley Press ~~ Are those “golden years” approaching, and if so, have you thought about your financial retirement plans? Robert Kiyosaki, world-famous author and financial advisor, said before you retire, if you want sell your home and move to greener pastures, you have to balance your books first. “Retirees are on fixed incomes , let’s say it’s $1,000 a month, last year in 2007. The value of a dollar dropped 15 percent last year and it was even more this year,” said Kiyosaki. “So that means that your $1,000 a month last year is now only worth $850 and this year it may go down to $600 a month.” According to Kiyosaki, if you follow a few simple rules, you will really be protecting yourself for the long haul. “It really becomes important to be able to differentiate good financial advice from bad financial advice.  Do you know what’s going to work for you and not work for you?” said Kiyosaki. “I think the biggest mistake is “Well, I’ve been with the same financial planner for 20 years,” and I say, ˜Well are you rich?” and they say ˜no.” Well, maybe you should change.” Consumer Reports recently found out what their retired readers wished they had done differently, so yet-to-be-retired readers could avoid similar mistakes. While 93 percent of their readers were satisfied with how they had prepared themselves, those who had some regrets said they wished they had saved more. Getting ready for retirement Are those “golden years” approaching, and if so, have you thought about your financial retirement plans? “Never count on your pension being enough, even a federal pension or a government pension,” said one retiree. Those with many years until retirement said they know this has to be a priority. Many others said they wished they had started saving younger, and that’s the advice they would give to others. “The more financial education you have, the better you’ll be able to tell is this advice good for me or bad for me. Does this advisor know what they’re talking about or not know what they’re talking about,” said...

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Robert Kiyosaki on ABC News

Robert Kiyosaki appeared on ABC New in April to teach audience how to get smart with their Money. Click on the image below to launch the video:     Go here to read the rest: Robert Kiyosaki on ABC...

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