Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

#

How Fast is Your Money Moving?

For years, I choked when I heard such a question. I choked because I was at a loss for words. I was at a loss for words because such a simple question does not have a simple answer. So the answer I came up with was, "It depends." I tried this answer for awhile and soon noticed that this answer was unsatisfactory not only to the person asking the question – but also to me… Looking for a new answer, I came up with, "If you do not know what to do with your money, put it in a bank far away from you, with instructions not to let you touch it." I would add, "If you do not know what to do with your money, and you announce publicly that you are an idiot with money, many people will call and tell you what to do with your money…which is to give your money to them." This new answer was not a satisfactory answer, yet it was better than "It depends." Today, I am happy to announce that I have a new answer to the same question and that answer is, "Read my latest book, Who Took My Money?" After years of frustration and unsatisfactory short answers, the answer to that simple question is now in a book and I am very proud of this book. I am proud of this book because it takes the time to answer the question, "What should I do with $10,000?" The reason the answer to such a simple question is complex is because what a person should do with the money depends upon who the person is. For example, if the person has a limited financial IQ, then the person should definitely put it in a bank and keep the money secret and far away so no one; including that person, can touch it. If the person has a higher financial IQ, then he or she can invest, leverage, and speed up their money to achieve far higher returns than most people think possible. In my new book, Who Took My Money, there are three different examples of investing $20,000. Using exactly the same parameters of 5% interest, and a 7-year period: Choice #1: a mutual fund $28,142 5.8% Choice #2: real estate $101,420 58.2% Choice #3: real estate $273,198   180.9% The difference between real estate in choice #2 and choice #3 is that financial velocity is added to choice 3. If you would like further clarification on the causes of the differences, you can find this example on page 118 of the book. The point of this article is...

Read More
Sep19

Robert Kiyosaki – How the Successful Invest

Avoiding losing money by asking the right questions

In late 1974, while most of my friends were going to school or trying to find a good job, I was getting a different kind of education—a financial education.

I purchased a small condominium on the fringes of Waikiki. It was one of my first investment properties. It was a nice two-bedroom, one-bath unit in an average building. The price was $56,000. It was a perfect rental unit, and I knew I could fill it quickly.

I was excited about the investment and went to show the deal to my rich dad. He looked over the document, and in less than a minute, he looked up and asked, “How much money are you losing each month?”

“About $100,” I said.

“Don’t be foolish,” rich dad said. “I haven’t gone over the numbers in detail, but I can tell just from these documents that you’re losing more than that. Why would you invest in something that knowingly loses money each month?”

Read More

The Subconscious: Friend or Foe?

The subject of the subconscious is certainly a vast one. The most obvious point is that it operates below your conscious awareness. That point itself is obvious, but the ramifications can be subtle and often go unnoticed. Consider the following ideas as possibly valid. Based on your experience and knowledge, draw your own conclusions. Know and honor what is true for you. The subconscious performs many helpful tasks so you don’t have to make a conscious effort to think in order to accomplish them. Have you ever been driving down the road and suddenly realized you’d gone two miles without paying attention to the road, your driving or to anything on the planet at all? Your subconscious, in control of your actions at the time, got you safely down the road. Consider the possibility that the subconscious also has a built-in video camera and the ability to tape your life. Like a security camera at a bank or convenience store, it’s taping 24/7. When you are remembering something, you are in essence watching your own personal video. When there is any hint of trouble or danger, the subconscious sets off alarms, much faster than you can think. This is sometimes known as a "knee-jerk reaction." There are times when you need this "industrial strength" security system. You step off the curb not looking, while a Mac truck is barreling down the road in your direction. The subconscious will "see" it, even if you don’t consciously see it, and the alarms go off. Just in time you look up and jump out of the way. This security system can literally save your life. The purpose of this mechanism is to help us, and it does help us, but it can also interfere and sometimes can be more of a hindrance than a help. It can be friend or foe. The problem with the subconscious is that it has the ability to step in and take over your conscious thinking processes, emotions and behavior, without your awareness or your permission, when you don’t need it. Let’s say that you once had a very troubled relationship with a person who wore a particular brand of cologne. Your subconscious will dutifully make a note of that and will also conclude, quite "logically," by its calculations, that "all people who use that cologne cause trouble." Ridiculous, you say! Yes, it’s ridiculous and it’s illogical – but that seems to be how the subconscious works. The context from which it operates is mechanical, and as such, it can’t discriminate between "one" and "all." The subconscious uses the past as proof that the present or the...

Read More

Your Best CASHFLOW® Game Tips

TIP #1: Never…Ever…Quit. I believe that there are many things to understand to succeed at the game. But, for me, the most important is: NEVER, EVER, EVER, EVER QUIT — ON YOURSELF! No matter how you feel, NEVER QUIT! – Kathleen M  TIP #2: Step Out of Your Comfort Zone. CASHFLOW 101 is so powerful because it reflects your true behavior and allows you to take risks in a safe environment. Step out of your comfort zone, and do things you may not feel comfortable doing in the “real world.” You’ll be amazed at how it changes your perspective. – Jack N  TIP #3: Celebrate the Joy of Success. The biggest ‘tip’ I have learned so far is that your way to wealth isthe joy- not the wealth- you achieve. This became very clear to me after playing dozens of times and realizing that I would actually SKIP the Dreams on the Fast Track! I was more interested in winning the game than ‘golfing around the world.’ – Jeff B  TIP #4: Focus on Your Goals. I found that while playing the game, I would focus on the ‘negative’ spaces- "Baby" or "Downsized" – and hope not to land there. I was focusing specifically on what I didn’t want, and, oddly enough, landing on those spaces most often. I began to repeat the numbers I WANTED to have come up, and just as oddly, those numbers seemed to come up more than mere chance would support. The lesson is simple: focus on your goals, not on what may go wrong. – Hugh C TIP #5: Only Take Advice from Successful People. When the Opportunity Card comes up, some people look to fellow players for guidance. Make sure that those you take advice from are having success and on their way to getting out of the Rat Race! – Cal J  TIP #6: Never Say “Can’t.” There is ALWAYS a way. Think outside the box. Find a way to make your “can’t” a “can.” – Grace N  TIP #7: Take Note of Your Overall Habits. After playing the game, take note of your overall habits- good and bad. Evaluate how those habits helped or hindered your game play. In the next game, make a concerted effort to change the habits that may have prevented you from getting out of the Rat Race. – Toni E  TIP #8: Get Rid of Bad Debt. The thing that has expedited my exit from the Rat Race: Paying off ‘bad debt.’ – Bridget S  TIP #9: Create Your Own Rules. Creating your own rules (or modifying the game rules) can make CASHFLOW 101 more...

Read More

The Importance of Capital

In this speech, investor, businessman and author of the personal finance book series ‘Rich Dad Poor Dad’ Robert Kiyosaki discusses the number one skill an entrepreneur can have in today’s economy. He sees being able to raise steady cash flow as the most valuable and beneficial skill in business today. Discussing the success of his own business, namely his book series and brand ‘Rich Dad Poor Dad,’ Robert Kiyosaki explains how to design a business that is capable of raising its money automatically, without any input from the entrepreneur behind a company or business. According to Robert Kiyosaki, sophisticated investors will only invest in well-designed businesses. Well-designed businesses will run on a model that boasts numerous sources of incomes and assets. It is necessary that a business have sources of income outside the entrepreneur who created the company in order to be successful and profitable. Share and...

Read More

Book Preview: “Why A Students Work for C Students”

In this video, Personal Finance Authors of All Time, Robert Kiyosaki & Kim Kiyosaki of Rich Dad fame, along with Tony D’Angelo of Rich Grad, give a sneak peak into the newest Rich Dad book: Why A Students Work For C Students. Share and...

Read More

Cashflow 202 The Game – Cont.

Share and...

Read More

Cashflow Game 101

CASH FLOW 101® Game Rich Dad’s CASH FLOW 101 game is an educational program that teaches accounting, finance, and investing at the same time and makes learning fun. With the CASH FLOW 101 game you will learn how to get out of the rat race and onto the fast track where your money works for you instead of you working hard for your money. The educational program, CASHFLOW® 101, includes three audiocassettes which reveal distinctions on the CASH FLOW 101 game as well as valuable investment information and a video titled "The Secrets of the Rich". The CASH FLOW 101 game is recommended for adults and children age 10 and older. (Region 1 – US & Canada Only – NTSC) Share and...

Read More

Robert & Kim Kiyosaki Talk about their upcoming tour to South Africa

Robert & Kim Kiyosaki Talk about their upcoming tour to South Africa Share and...

Read More
Sep15

How to Become a Capitalist

The difference between traditional and financial education
Over the last couple weeks, all across our country, school has been starting for American youths. The start of school is a hectic and exciting time for parents, and a proud one. All good parents want to give their children an advantage in life, and the conventional wisdom is that doing well in school is one of the best advantages you can give a child.

Rarely, however, do we stop and ask, “Why?”

Read More
Page 2 of 58123...1020...Last »