Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

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REOs Open!

Northern Worcester County Real Estate Investors: REOs Open Event NWCREI and Worcester REI are sponsoring REOs Open! tomorrow between 10AM and 4PM. Sitting on the fence, wanting to learn about buying bank owned property or wanting to buy something now with our without partners? Come tomorrow and tour several properties, including at least one that isn’t listed for sale currently! What makes this different than other real estate tours? How about analysis! Not only will you walk through the properties but you’ll have experts on hand. Some of the things discussed: What are the ball park repair costs? What are likely mortgage scenarios? What would my holding costs be? Etc., etc. In fact, you should come away with more than enough information that you should be able to offer on these properties, alone or with partners! Go to: Northern Worcester County Real Estate Investors: REOs Open Event for more details or to register. The Fitchburg Cashflow game follows at 5PM at James’ house. Read the original: REOs Open! Share and...

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Interview Richard Laermer 2011 Trendspotting for the Next Decade

Interview with 2011 Trendspotting for the Next Decade author Richard Laermer.   Richard Laermer the author of Trendspotting and Punk Marketing joined me for an interview on My Success Gateway.  What do you get a when you put a PR guy together with a consultant and small business owner? A lot of talking and a lot of fun. Richard and I cover a lot of ground in this call but the main thrust of it is his 2008 release of 2011 Trendspotting for the Next Decade. Richard owns a PR Agency in New York City. He knows how to use words. He uses words to craft his messages and sometimes his messages are subtle and sometimes they are in your face. We cover what is right with the media and what is wrong with the media and how people use the media and how the media uses people. The conversation helps people to use trends to their advantage and how to find these trends. Richard talks about being real in the decade where mediocrity has been the norm since the Clinton Administration. Laermer being the cynical guy he is talks about responsibility and doing more and completing everything from thoughts to projects. He has a positive outlook and is willing to assist others into the future.  This is an enjoyable chat. Share This Blog more…. BlogPulse Technorati Cosmos Sphere It Excerpted from:Interview Richard Laermer 2011 Trendspotting for the Next Decade Share and...

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So long Countrywide Finance

On April 24th, 2008, Mortgage Lender Implode-O-Meter reported that Bank of America is going to make the Countrywide Finance name go away. No big surprise! It’s kind of got the same disaster-tinged feeling like Valujet after the crash in the Everglades. Countrywide lent money that it appears they shouldn’t have than anyone else. Read the original post: So long Countrywide Finance Share and...

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David Bach – Go Green, Live Rich: 50 Simple Ways to Save the Earth and Get Rich Trying

From The Oprah & Friends Radio Show with Jean Chatzky, 22 April 2008 Go Green, Live Rich: 50 Simple Ways to Save the Earth and Get Rich Trying by David Bach and Hillary Rosner Let David Bach show you a whole new way to prosper—by going green. Internationally renowned financial expert and bestselling author David Bach has always urged readers to put their financial lives in line with their values. But what if your values are a cleaner and greener earth? Most people think that “going green” is an expensive choice they can’t afford. Bach is here to say that you can have both: a life in line with your green values and a million dollars in the bank. Go Green, Live Rich outlines fifty ways to make your life, your home, your shopping, and your finances greener—and get rich trying. From driving the right car to making your home energy smart, Bach offers ways to improve the environment while you spend less, save more, earn more, and pay fewer taxes. Best of all, he shows you exactly how to take advantage of the “green wave” in personal finance without the difficult work of evaluating individual stocks. What’s more, he will get you thinking about a green business of your own so you can help the world along as it is changing for the better. David Bach is on a mission to teach the world that you can live a great life by living a green life. With Go Green, Live Rich, you can live in line with your eco-values on the road to financial freedom. Customer Rating: Read Reviews Tags: David, Bach, and, Hillary, Rosner, , Go, Green,, Live, Rich:, 50, Simple, Ways, to, Save, the, Earth, and, Get, Rich, Trying, Social Bookmarking Excerpted from:David Bach – Go Green, Live Rich: 50 Simple Ways to Save the Earth and Get Rich Trying Share and...

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Gerri Willis – Home Rich: Increasing the Value of the Biggest Investment of Your Life

From The Oprah & Friends Radio Show with Jean Chatzky, 11 April 2008 Home Rich: Increasing the Value of the Biggest Investment of Your Life by Gerri Willis Your home is the single most valuable thing you can own, yet making it pay can intimidate and confuse even the savviest investor. Now, in an indispensable new book, finance expert Gerri Willis leads you step-by-step through the entire experience of buying, maintaining, and selling a home, and shows you how to come out ahead–maybe even way ahead. Americans used to raise their families in one place, knowing that their homes would someday make them wealthy. These days, on average, people spend just nine years in a house; it’s become a medium-term investment in a volatile real estate market. Home Rich is the first book that offers simple rules specifically designed for this brave new world of home buying and selling. Here are the ways to maximize your profit, from the time you get the keys to the time you hand them over. • before you buy: Learn about the best and safest loans available, how to finance and refinance them, and how to pick the right real estate agent (watch out for the “dual agency,” when one agent represents both buyer and seller). • buy right: Understand what size home you need and can afford (it’s the features and the fit, not the square footage), and check out location, location, location (a school system is a tip-off to a growing neighborhood). • keep up your investment: Make a checklist by season to determine maintenance expenses and find out how to protect against monster storms, mold, and vermin. • upgrade in ways that count: Be practical (an updated kitchen beats a Jacuzzi), discover the new green improvements, and plant the best trees and shrubs for your zone (landscaping can add 6 to 7 percent to the value of a home). • sell right: Inspect and repair, clear and clean, then set the correct price, advertise, and field the offers. Home Rich addresses the needs of homeowners in all regions and at all income levels, featuring helpful case histories, practical charts, and clear instructions. Gerri Willis has written a comprehensive, reader-friendly guide for creating a special personal space that you will love living in–and that others will also value and happily pay for when the time comes for you to sell. Customer Rating: Read Reviews Tags: Gerri, Willis, Home, Rich:, Increasing, the, Value, of, the, Biggest, Investment, of, Your, Life, real, estate, nate, berkus, peter, walsh, clutter, organize, organizing, stuff, marianne, williamson, maya, angelou, spouse, issues, unemployment, instability, divorce, jean, chatzky, finances,...

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Rich Dad 2008 Predictions Part 1

Stop and listen. Here’s Rich Dad’s predictions for this year. When the video ends, at the bottom you can pick parts 2, 3 and 4. Read the original post: Rich Dad 2008 Predictions Part 1 Share and...

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The Spare Time Co. or boosting your personal bottom line and getting out of the Rat Race with a business in the basement

When playing Cashflow, most players in 101 won’t start the small businesses “in the basement” like the software company or widget company thinking it’s a lot of money with no payoff and a chance to lose your money. This is the same attitude that they have in life. The network marketing in 202, Spare Time Co., on the other hand, every wants to do because it’s cheap and easy (too easy, really). Most things in life take real effort. Taking the time to come to Cashflow games and getting out of the Rat Race takes effort to. It just happens to be enjoyable so it doesn’t seem to be as much work. Most people that play with the Twin Cities Rich Dads and Moms are in the E Quadrant. Remember the Cashflow Quadrant? We are all trying to make our way to the Investor and Business Owner quadrants. Going through the S Quadrant (self-employed) is an excellent way to move in that direction because of extra income and business growth. Of course, not all small businesses make it. But there are enormous tax benefits to having a “business in the basement” that is not a hobby as defined by the IRS. And that doesn’t mean the business can’t be your hobby either! After all, improving your economic means is about life style as well, right? Any type of business or investing takes effort and your part-time business would too. The pay-off could be immediate but probably takes some amount of money to start and perhaps on an on-going basis for a while, but when you reach profitability, you have cash flow. We’ve all heard about “delayed gratification” and this kind of falls into that category. What kind of things can you do? The possibilities are endless. You could be an online affiliate marketer, have a ecommerce site where you do no product fulfillment or orders, follow the system laid out in “The 4 Hour Work Week”, build picnic tables, create websites, manage real estate, plan parties, walk dogs, etc. You could do all of the work yourself, some of it or none it. There’s still planning, managing and funding it (and other things too) but it doesn’t have to kill you. So when you think about your goal of getting out of the Rat Race, do you think that extra income and an asset you can sell later perhaps would help? And think of the education you’ll get! One real important aspect of the business in the basement, or any business for that matter, is it changes how you are taxed. Remember what Rich Dad says: in a business,...

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More banks freezing HELOCS

Yesterday, I got word from another investor that her HELOC was frozen, this time by Bank of America. This is the third large company that has frozen the HELOC of someone I know personally. So consider your strategies where HELOCs are concerned. And think about maybe refinancing them with a small bank. More here: More banks freezing HELOCS Share and...

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Private Lending from the Fast Track to the Rat Race

We actually added private lending before but i forgot to get it added with the house rules. It’s added now. So now, just like in life, you can get a private mortgage, just like you can find a money partner! Fast Track players can lend to Rat Race players at the same terms and conditions stated in the house rules for borrowing from the bank except that the rate is 5% instead of 10% per month. Hey, that’s still 60% per year and only one Fast Track business has a yield that good. Now, debt restructuring and refinancing is a strategy that can be pursued in Cashflow, just like the real world, in addition to just paying down debt. In other words, it makes “good debt” even better. Original post: Private Lending from the Fast Track to the Rat Race Share and...

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Build your own online affiliate business

I’ve said periodically that I would share some of the “SpareTime Co” things for the business in the basement kind of thing for the different businesses I’m pursuing. Today, here’s a little bit of affiliate type stuff. They include lots of things to get you started. The following cost nothing to get started. You can promote through a web site, email, print, etc. and are available with one sign-up through Revenue Allies Affiliate Network. You can check out 4 of the programs below. The various ones offered currently through Revenue Allies Affiliate Network are: LHP Home Warranties (heck, buy one yourself through your own affiliate link and get paid for it if you are selling real estate), DISH Network, DIRECTV, Comcast, ADT (just starting), and Vonage! ::LHP Home Warranty Program:: Offer the most comprehensive home warranty service plan available. More Info: http://www.libertyhomeprotection.com?kbid=6839 Signup: https://www.libertyhomeprotection.com/resellersignup.aspx?kbid=6839 ::DISH Network:: Earn up to $145 or more offering the best in satellite television entertainment. More Info: http://www.revenue-allies.com/up.asp?id=6839 ::DIRECTV:: Earn up to $145 or more offering the best in satellite television entertainment. More Info: http://www.revenue-allies.com/up.asp?id=6839 ::COMCAST:: Earn up to $105 or more offering COMCAST’s triple-play service bundle: Internet, Phone & Video service More Info: http://www.revenue-allies.com/up.asp?id=6839 Because they’re offering such high payment on exclusive offers, they are only allowing a select number of affiliates to join. I wanted to let you know before they stop accepting new members. To learn more about the Revenue Allies Affiliate Program, go to: http://www.revenue-allies.com/up.asp?id=6839 This particular program is excellent for landlords, property managers and real tors because these services are needed by every home owner and tenant. And you can include them with your welcome package. Another feature is that it’s a two-tiered program. If people sign-up to offer these to consumers from your link, your sub-affiliate will still receive what they are supposed to and you’ll receive about $20 per customer they sign-up. One sign-up gets you into all of these programs. More affiliate stuff soon. Try it out; try many affiliate programs out for things that make sense for you. You do have some effort to put into it but you can develop a stream of income from it. Then you can put this money to work for you to get out of the rat race. Sign-up at Revenue Allies Credit:Build your own online affiliate business Share and...

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