Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

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Robert Kiyosaki Interviewed by TIME Magazine – Video

Robert Kiyosaki answers questions from Rich Dad Poor Dad readers from around the world. As usual, the financial education Robert Kiyosaki empowers you with is an important step to full financial freedom. Watch the video below and get financially educated with Rich Dad Poor Dad’s Robert Kiyosaki. Enjoy!  Get started with your financial education today – buy Robert Kiyosaki’s Rich Dad Poor Dad below      Get Robert Kiyosaki‘s latest book – Conspiracy of the Rich           Amazon.com Widgets Other related posts which may interest you:  Robert Kiyosaki taken down by CBC robert kiyosaki is the man. read all of his books, man i am alot smarter now. Bought 16grand worth of gold at 850oz, if i sold now i could make a handsome profit. thanks robert for making me think outside the box. i am 22 …  Publish Date: 02/25/2010 23:30  http://www.walletpop.com/blog/2010/01/14/radon-action-month-a-threat-that-isnt-another-hallmark-holiday/   Listen To A Rich-Dad-Company Message By Kim Kiyosaki!!! In 10 Days there will be a conference to help people. It’s a FREE Podcast, entitled “Gold vs. The US Dollar”. The reason this information about prospering wealthy in this present economy is being, included on my Blog is for the simple …  Publish Date: 03/06/2010 17:42  http://leehale.net/   AN UNFAIR ADVANTAGE – ROBERT KIYOSAKI | Kellie Hosaka Robert Kiyosaki and Kim Kiyosaki, his lovely wife, are releasing a film titled “An Unfair Advantage, A RichDad Documentary”. Robert starts off saying “This is how fast things are changing. This is the information age, …  Publish Date: 01/14/2010 4:49  http://kelliehosaka.com/     Share and...

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Silver Bullion Investments

Robert Kiyosaki, explains why silver is the biggest opportunity of them all (bigger than real estate) and why everyone should buy silver bullions. Get started with your Silver Bullion investment today – Click to Buy Silver Bullions today: Buy Silver Bullions Amazon.com Widgets Related stories – The Chinese Government Advises Citizens To Buy Gold & Silver By Bob Tonachio Story Published: Mar 1, 2010 at 9:23 AM CST In fact, China just introduced silver bars for investment.And the state-run China Central Television (CCTV) is running a campaign encouraging the population to invest in gold & silver. Real gold and silver investing has just begun in China. China’s largest bank, the Industrial and Commercial Bank of China, created a new department to serve investors seeking gold and silver. The bank told Reuters the Chinese have a custom of holding gold as a form of personal wealth and its gold market could soar as people get wealthier. Continue reading … Share and...

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The Biggest Scam Ever

~ Robert Kiyosaki ~ On the cover of the October 19, 2009 issue of “Time” magazine ran this headline: “Why It’s Time to Retire the 401(k).” The cover picture was ominous, showing a 401(k) sinking like the Titanic. I recommend reading this entire article, especially if you do have a 401(k). My concern is that the flaws of this retirement plan will grow into personal tragedies as the first of approximately 75 million baby boomers retire, leading to the biggest stock market crash in history. But in spite of the apparent problems with the 401(k) plan, the darlings of financial media continue to tout its benefits. The same month “Time” ran its article, “More” magazine’s financial guru, Jean Chatzky, wrote an article about using low-interest savings to pay off high-interest credit cards. In the article she states, “There’s no better guaranteed return on your money (except, perhaps, a 401(k) match).” Countering Jean’s wisdom of “no better guaranteed return,” the “Time” article stated, “At the end of 1998, the average 401(k) balance was $47,004. By the end of 2008, the average balance was down to $45,519.” If that is a great guaranteed return, I’m glad I don’t have a 401(k). The “Time” article pointed out that $100 in 1998, after inflation, was worth about $73 in 2008, a loss of $27 after ten years. So whom do you believe…”Time” or “More” magazine? If you are unsure as to whom (and what) to believe, the “Time” article made two more statements worth considering. They are: 1. “The older you are the riskier a 401(k) gets.” 2. “Forty-four percent of all Americans are in danger of going broke in their post-work years.”   Now, I can hear some of you saying, “But the stock market is going back up. Green shoots are appearing. Everything is fine. The crash was just a correction.” For those optimists among you: I wish that all of your dreams come true and you live happily ever after. I do not criticize the 401(k) plans just to criticize. I write because I am concerned. Let’s say “Time” magazine’s estimates are correct. Let’s say 44 percent of all Americans will go bankrupt after retirement. For approximately 75 million baby-boomers preparing to retire, that means 33.8 million of them will go bust once they stop working. To me, this is disturbing. While many think the financial crisis is over, I believe the worst is yet to come. In spite of the green shoots in the stock market, the fundamentals of the U.S. government are worsening. I doubt Social Security can afford the avalanche of retiring baby boomers. The Social Security fund...

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Investment In Property Can Help You Retire

A lot of Americans arent going to have enough money to retire on. That is just a un happy reality of these times. Instead of bemoaning that reality (and the unfairness of it all) the best thing someone who hopes to have a healthy retirement can do is simply make sure they arent the typical American. We must take actions to assure they will have enough income to enjoy their life and pay their bills, as well as those increasing medical bills. The best way to avoid becoming one of these Americans who end up working at some remedial job through their so-called Golden Years, according to Robert Kiyosoki, author of the Rich Dad Poor Dad book series, is to buy investment property. Investing in real estate is a wonderful way for people to prepare for retirement because it supplies a great benefit called passive income. After someone has laid the ground work, passive income keeps coming in without a lot of effort. A laborer gets compensated only for the hours he puts in. A real estate investor, after setting up his system, gets paid for keeping it running. And keeping it running, if he been wise about it, will involve paying his team to do the job of inspecting them every now and then. A great thing about passive income (such as from investments) is, the more time the real estate investor holds them, the more ROI they should make for her, with less and less work on the investors part. Its the closest thing to the Holy Grail of the world of money. It sounds attractive, but we shouldnt just take the plunge. And even though it is completely learnable, theres quite a bit to learn when one is thinking about buying investment property things like comprehending P&L statements and real estate law. The biggest concept to learn, however, is ones own limitations. The individual who understands where to find the knowledge he wants is far better off than the individual who remembers tons of facts and formulas around in her memory. In the book Cash Flow Quadrant, Robert Kiyosaki advises potential investors to increase their cashflow in addition to their knowledge. He writes of developing a business system that can be set up and left alone, freeing the investor to move to the next step instead of investing all her time working in her business. The next step involves continuing the real estate education and start to look around for specialists to employ and investment properties to buy. Robert Kiyosaki also talks about this change as transitioning from one part of the cash-flow-quadrant to the...

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Thirtysomething and Strapped: What to Do?

A new survey of young workers published by the AFL-CIO suggests many Americans under 35 can’t manage the basic financial building blocks of an adult life. The union calls the last ten years a “lost decade” for these young people during which many fell short on critical responsibilities like getting their own place, finding a stable job with benefits and saving money for emergencies. About 31% of survey respondents said they made enough money to pay their bills and set some money aside, and seven out of 10 respondents said they did not have enough money saved to cover two months’ worth of living expenses. Parents of these young workers know how far they are from making it on their own; one in three is living at home. “Along almost every metric, people under 35 are doing much worse than they were 10 years ago,” says Jennifer Jannon, 29, a regional director for Working America, the ALF-CIO’s community organization for non-union workers. “People are literally putting off starting their adult lives because of the conditions they’re facing economically,” Jannon says. She says the results should not be interpreted as laziness. “Young people are really yearning to move out on their own [and] to start their adult lives,” she says. “[But], they can’t find the type of work that supports an adult life.” Some take issue with the suggestion that the current job market is more difficult for young workers than for their counterparts over 35. “It’s easier for younger people because they have less experience, and they don’t cost as much,” says Robin Ryan, a career counselor and the author of “60 Seconds And You’re Hired.” “If you’re over 40, a lot of employers see you as expensive,” Ryan says. Employers may also assume younger workers are more tech-savvy and can more quickly adapt to a changing workplace, she says. Regardless of who’s to blame, the result for young workers will be a substantial loss of potential wealth over their lifetimes. A person who’s able to save $2,000 a year between ages 22 and 30 will retire with more money than a person who saves the same amount over a longer period from ages 30 to 60, says Thomas Holland, a partner at the wealth advisory firm Global Vision Advisors. It’s crucial that those seven out of 10 young workers who don’t have enough savings to last two months start saving right away. “Though the economy may be poor, what I find is that if you don’t establish savings habits early in your career, it’s not likely that at some golden age you’ll learn to save,” Holland says. Here...

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Four Ways to Weather an Economic Storm

~ Andrew Beattie Economic conditions can be as temperamental as the weather. In this article we’ll look at some simple steps that can help keep the financial boat afloat during an economic tempest. Batten Down the Hatches Warren Buffet derides management that embarks on cost cutting, as good management shouldn’t need to be prompted to control costs – that should be second nature. People are less strict with their personal finances than Buffet is on management, but a downturn quickly provides the motivation needed for cost consciousness. There is always room for cutting frivolous expenses, or at least substituting them with cheaper alternatives. This applies to everything from the morning coffee to landscaping the backyard. Set in Stores Even if you have creditors banging on your door and ringing you at work, your first priority should be building or augmenting your emergency fund. When money is consistently flowing out of your bank account leaving a near-zero balance, there is no cushion for unexpected and unavoidable expenses – like a root canal or a new radiator. This forces people to take on yet more debt to make ends meet, and the outflow of cash worsens until it seems like they are working just to satisfy their creditors. The better alternative is to make minimum payments on your debt while building a cushion of at least one month’s wages, but preferably 3-6 months. The larger the emergency fund, the more secure you’ll be mentally and financially. With three or more months in reserve, it takes a pretty big emergency to shake things up. Building the fund should take precedence over investment as well as debt payments. Any automatic investment plan should be put temporarily on hold and that money funneled towards the emergency fund to help speed up the building. It may feel like you’re dodging creditors and robbing from your golden years, but with a proper emergency fund, you’ll be in a better situation to consistently make payments on your debts and regularly invest no matter what happens in the future. Patch the Hull When the general market is choppy, there is almost daily coverage of where the hot money is going. Investors rush out of cash and into bonds; out of bonds and into stocks; out of stocks and back into cash and bonds, and on and on. Rather than getting caught up in the stutter-step of fast money, most people would benefit far more from paying down existing debt than finding safe havens to park idle funds. If you are holding debt during a downturn, paying it back is one of the few places where you can put...

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Can you read yourself rich?

~ Mark Bridge ~ The economic crisis has prompted many people to seek help from personal finance books, with Amazon reporting a significant uplift in sales. Classics of the genre promise a quick route to riches, while recent examples, written since the start of the downturn, tend to be more cautious and realistic in their claims. Times Money has looked at the five bestselling financial self-help books at Waterstone’s and asked financial planners for their views on the key ideas, rating the books from one to five stars. All have a snappy style and are accessible to the novice, but some are considerably more helpful than others. Note that the recommended retail prices shown can be beaten easily. All the books are selling at a discount at Amazon, and the fifth, by Richard Templar, is half price at Waterstone’s. Rich Dad, Poor Dad by Robert T. Kiyosaki Sphere, £8.99 This 1997 book, the centrepiece of the author’s self-help empire, tells the perhaps allegorical story of two fathers: Kiyosaki’s own and his best friend’s. The former, poor dad believed in working hard for a company and keeping “secure”. He died penniless. Rich dad chose to own businesses and boosted his income “passively” by investment, becoming one of the richest Hawaiians and leaving tens of millions of dollars. Kiyosaki admires the “positive-thinking” guru Napoleon Hill (see below) and touts mantras such as “I choose to be rich and I make that choice every day”. The focus is on getting rich, rather than being comfortable. He explains that his “personal basis” is property. Expert’s verdict Zac Ghadially, of Yellowtail Financial Planning, says: “Building an investment income stream can work, but not for everyone. Also, we are advising people to scale down on property at the moment — to use it to meet their life goals, but not as an investment.” Times Money rating (out of five): 1 star How to be Smart With Your Money by Duncan Bannatyne Orion, £12.99 This new book has the advantage that it was written for a British market with the credit crunch in mind. It offers a comprehensive guide to earning, spending, borrowing, investing, saving and budgeting — with sections on choosing a savings account and buying a car, for example. It also has a list of questions to ask when shopping for a loan. There is no get-rich-quick carrot or big “secret” to success. Bannatyne takes a more cautious line than Kiyosaki, writing, for example, that “the golden rule of investment is to spread your risk” — a strategy dismissed by the American as for people who “go nowhere”. He emphasises that readers should stop...

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#1 Home Based Business thriving in this Economy. Voted Best By lifetime TV.

From : YouTube :: Tag // businessAuthor: 1111qt Keywords: economic depression donald trump robert kiyosaki Business gold silver forex abundance harmonic wealth james ray money positive thinking oprah winfrey dani johnson success tools call freedom the secret mindset coaching seminars new earth transformation Added: July 20, 2009 Read more from the original source: #1 Home Based Business thriving in this Economy. Voted Best By lifetime TV. Share and...

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Mike Maloney and Robert Kiyosaki on Gold and Silver

From : Top RatedMike Maloney and Robert Kiyosaki on Gold and Silver Read more: Mike Maloney and Robert Kiyosaki on Gold and Silver Share and...

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Marrying for Love … of Money

by Robert Frank On an episode of “Dirty Sexy Money”, ABC’s soapy drama about the filthy rich, heiress Karen Darling gets married for the fourth time, to a golf pro. Minutes after the ceremony, she decides she wants a divorce, leaving the golfer to wonder about his $3 million guarantee in the pre-nuptial agreement. “I still get the check, right?” he asks. “Of course,” Ms. Darling sneers. “I made a vow.” Marrying for money isn’t just grist for television plot lines. With the wealth boom creating unprecedented riches — and greater opportunities for gold-digging by both genders — price-tag partnerships and checkbook breakups are increasingly making headlines. Even more surprising, according to a new survey, are the going rates for today’s mercenary unions. BEAUTY FADES Celebrities get the most attention, of course, whether it’s Kevin Federline, the backup dancer-turned-millionaire ex of Britney Spears, or Heather Mills, Paul McCartney’s estranged second wife, who is set to receive tens of millions of dollars when her divorce is final, according to the British press. Yet even among the workaday (or wannabe) wealthy, marrying for money has become a popular pursuit. In an infamous personal ad posted on Craigslist this summer, a twentysomething New Yorker who described herself as “spectacularly beautiful” wrote that she was looking for a man who made at least $500,000 a year. She’d tried dating men earning $250,000, but that wasn’t “getting me to Central Park West,” she said. The ad inspired all manner of parodies and follow-ups, including one by an investment banker, who replied that since his money would grow over time but her beauty would fade, the offer didn’t make good business sense. She was, he said, a “depreciating asset.” To many New Yorkers, jaded by multimillion-dollar condos and wall-to-wall wealth, the salary request probably seems reasonable, maybe even low. Yet nationally, the going rate is much lower. According to a survey by Prince & Associates, a Connecticut-based wealth-research firm, the average “price” that men and women demand to marry for money these days is $1.5 million. The survey polled 1,134 people nationwide with incomes ranging between $30,000 to $60,000 (squarely in the median range for nationwide incomes). The survey asked: “How willing are you to marry an average-looking person that you liked, if they had money?” AGAINST LOVE Fully two-thirds of women and half of the men said they were “very” or “extremely” willing to marry for money. The answers varied by age: Women in their 30s were the most likely to say they would marry for money (74%) while men in their 20s were the least likely (41%). “I’m a little shocked at the...

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