Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki


Robert Kiyosaki on Network Marketing-It’s an Asset, Not a Job

I am sometimes asked, “Why do so few people make it to the top of their network marketing system?” The truth is, the top of the network marketing system is open to everyone-unlike traditional corporate systems, which allow only one person to reach the top of the company. The reason most people do not reach the top is simply because they quit too soon. So why would someone quit short of the top? Most people join only to make money. If they don’t make money in the first few months or years, they become discouraged and quit (and then often bad-mouth the industry!). Others quit and go looking for a company with a better compensation plan. But joining to make a few quick dollars is not the reason to get into the business. The Two Essential Reasons to Join a Network Marketing Business Reason number one is to help yourself. Reason number two is to help others. If you join for only one of these two reasons, then the system will not work for you. Reason number one, means that you come to the business primarily to change quadrants-to change from the E (Employee) or the S (Self-employed) quadrant to the B (Business owner) or I (Investor) quadrant. This change is normally very difficult for most people-because of money. The true E or S quadrant person will not work unless it is for money. This is also what causes people to not reach the top of the network marketing system: they want money more than they want to change quadrants. A B quadrant or I quadrant person will also work for money, but in a different way. The B quadrant person works to build or create an asset-in this case, a business system. The I quadrant person invests in the asset or the system. The beauty of most network marketing systems is that you do not really make much money unless you help others leave the E and S quadrants and succeed in the B and I quadrants. If you focus on helping others make this shift, then you will be successful in the business. As a B or an I, sometimes you don’t get paid for years; this, a true E quadrant or S quadrant person will not do. It’s not part of their core values. Risk and delayed gratification disturb them emotionally. Delayed Gratification and Emotional Intelligence One of the beauties of network marketing is that it focuses on developing your emotional intelligence as well as your business skills. Emotional intelligence is an entirely different matter from academic intelligence. In general, someone with high emotional intelligence will...

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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...

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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...

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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...

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

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

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Robert Kiyosaki – The Rich Don’t Work for Money

Robert Kiyosaki reflects on how as a child he was sent to a public school comprised of mostly upper-class youth. He was jealous of the material goods his classmates possessed, such as new baseball gloves and bicycles. He decides he wants to start his own business and asks his best friend, Mike, to be his partner. They concoct a scheme to make money out of their neighbors’ lead toothpaste tubes by melting them down and using a nickel as a template. Kiyosaki’s poor father catches them making counterfeit nickels. He applauds their ingenuity, but informs them that their operation is actually illegal and won’t work. His father suggests that they talk to Mike’s dad if they truly want to learn how to be rich. Mike’s father had a reputation in town for his business acumen and talent with earning money. The two agree to meet with Mike’s father the following weekend. Their education with Mike’s father (aka “Rich Dad”) begins. He offers to help them learn to be rich if they agree to work at one of his superettes for 10 cents an hour, three hours every Saturday. Kiyosaki works for four shifts and finds the work boring and the pay disappointingly low. He decides he wants to quit. He confronts Mike’s dad and informs him that he has not held up his end of the deal – he hasn’t taught him anything. He blames Mike’s dad for paying him poorly and treating him unfairly. Mike’s dad explains to him that he has just taught him a lesson, a lesson that mirrors real life. He goes on to say that you can’t blame your employer for your economic troubles and that ultimately you are responsible for your own well-being. He summarizes his first lesson: ”The poor and the middle class work for money. The rich have money work for them.” Mike’s dad informs Kiyosaki that if he wants to keep learning from him, he will return the next week and continue to work at the superette – for no pay. Kiyosaki is angry and bewildered, but returns the next week nonetheless. After several more weeks of working for no pay, Mike’s dad shows up at the end of one of their shifts. He offers to pay them 25 cents an hour, but Kiyosaki can tell that he is testing them. He then offers to pay them up to $ 5 an hour and although Kiyosaki is tempted, he resists. Pleased, Mike’s dad agrees to teach them more about money. He advises them to lose their fear of not having money and their greed for large amounts of money. He explains...

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Rich Dad Poor Dad Robert Kiyosaki Endorses Multi Level Marketing

Robert Kiyosaki often refers to The CASHFLOW Quadrant, a conceptual tool which he developed to categorize the four major ways income is earned. Depicted in a diagram, this concept entails four groupings, split with two crossed lines (one vertical and one horizontal). In each of the four groups there is a letter representing a way in which an individual may earn income. The letters are as follows. E: Employee — Working for someone else. S: Self-employed or Small business owner — Where a person owns his own job and is his own boss. B: Business owner — A person who owns a business to make money; typically where the owner’s physical presence is not required. I: Investor — Investing money in order to receive a larger income in the future. For those on the left side of the divide (E and S), Robert Kiyosaki says that they may never obtain true wealth. Conversely, those on the right side of the divide (B and I) are supposedly following the only road to true wealth. Robert Kiyosaki also classifies the four main “asset” classes as means of gaining wealth.:[29] Businesses: Businesses that generate monthly cash flow that don’t require the owners physical presence. Real Estate: Real estate such as owning warehouses, small family homes, or apartment houses that generate monthly cash flow. Paper Assets: Investments such as stocks, bonds, hedge funds etc. Commodities: Gold, silver, iron ore, or copper that are used to hedge government’s mismanagement printing of the nations currency. Share and...

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Robert T. Kiyosaki – “The Business of the 21st Century”

Robert T. Kiyosaki knows a good thing when he sees it. That’s why, for the past several years, he has been a staunch supporter of community commerce. Like many people, Robert was skeptical about the industry at first … until he learned firsthand what community commerce is all about: It’s about helping people. Like billionaires Donald Trump and Warren Buffet, Robert is sold on community commerce. He wants to share his insights with you on why he believes it is the business model of the 21st century—and why now is the perfect time to take advantage of the opportunities it offers! If you’re worried about losing your job through down-sizing, or just want to take charge of your future by taking control of your income source, you need The Business of the 21st Century! Share and...

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Robert Kiyosaki interview about Midas Touch, Rich Dad Poor Dad

Robert Kiyosaki talks about his new book which is co-authored by Donald Trump. They are both extremely concerned with the level of poverty in the USA and have come up with some suggestions to help the country out. Share and...

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Rich Dad Poor Dad by Robert Kiyosaki – Listen to the Complete book

Rich Dad, Poor Dad chronicles the story of Robert Kiyosaki’s two dads, his own father, who was the superintendent of education in Hawaii and who ended up dying penniless and his best friends father who dropped out of school at age 13 and went on to become one of the wealthiest men in Hawaii. Robert Kiyosaki uses the story of these two men and their varying financial strategies to illustrate the need for a new financial paradigm in order to achieve financial success in the new millennium. Share and...

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