Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

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Lesson One From Rich Dad, Poor Dad Have Money Work for You

“The main reason people struggle financially is because they have spent years in school but learned nothing about money. The result is that people learn to work for money. . . but never learn to have money work for them.” Robert Kiyosaki The #1 New York Times Bestseller “Rich Dad, Poor Dad” is a story about the money lessons that Robert Kiyosaki learned from his two dads, his biological father, who was his poor dad, and his best friend’s father, who was his rich dad. Poor dad was a Ph.D. and held a very important government position, but he never had enough money at the end of the month and he died broke. Rich dad dropped out of school at the age of 13 and went on to become one of the wealthiest men in Hawaii. “Rich Dad, Poor Dad” is a must-read for anyone looking to develop a rich person’s financial programming and mindset. The first important lesson this book teaches is the following: Don’t work hard for money; instead, have money work hard for you. Kiyosaki explains in his book that there are three types of income: • Earned income • Passive income • Portfolio income Poor dad taught his son Robert to go to school, study hard, and get good grades so that he could find a secure job that would pay him a good salary and give him excellent benefits. That is, he advised him to work for earned income, or to work for money. However, there are several problems with this strategy. First, income streams from a salary are linear: you only get paid once for your effort. If you stop showing up for work, you stop getting a paycheck. It’s like being on a treadmill. Second, earned income is confined to the amount of time that you work, and time is a limited resource. Therefore, there’s a limit to how much earned income you can make. And third, earned income pays the most taxes. Passive income is income that does not require your direct involvement. You make a strong initial effort to get this type of income started, but then you do minimal work thereafter to keep it going. It can be income derived from royalties–for example, you write a book–, from patents–you invent something–, income derived from real estate, and so on. Brian Lee at geniustypes.com swears by bulk candy vending machines to create passive income. There are many ways to create passive income and the key is to be on the look-out for passive income producing opportunities. Portfolio income is generally derived from paper assets such as stocks, bonds and mutual...

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YOUnique Gold Charles Robert 3.52 grams 999.9 Pure Gold Coin [New!]

YOUnique Wealth – Gold Charles Robert 3.52 grams This spectacular commemorative edition fresh from the mint is now available. A premium pure gold (.9999) fineness, at 3.52 grams in weight. Charles Robert ruled over his kingdome from a young age and recognised the importance of every person owning his own gold. A magnificient story. These are the first YOUnique products to be individually numbered adding to their collector value. Order yours today. What Is YOUnique Wealth? Unlike most wealth creation company’s that are designed more to make the owners of the company wealthy, YOUnique Wealth was designed explicitly for you, to place in your hands a wealth creation tool that works for people who DO NOT have access to the knowledge or systems that are required for real wealth creation. YOUnique Wealth has a powerful wealth creation plan called the Wealth Plan For Every Man™. Absolutely anyone can use this plan to change their long term financial future, without the risk and fear of investing in shares, real estate or traditional brick & mortar business in a fragile economy such as we currently have. Share and...

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What is YOUnique Wealth? Quick YOUnique video review

What is YOUnique Wealth? Quick YOUnique video review The YOUnique Gold Tribe is a Global .999 fine uncirculated Gold & Silver Distribution Franchise Business. Their bullion is refined in Switzerland and distributed by their team of franchisees/marketers. Discover The New Gold Tribe Opportunity that Bob Proctor wants to share with you! Discover the ultimate wealth building plan in existance today! Don’t invest in mutual funds, stocks, bonds or forex! Invest in real tangible wealth that only the kings have known – Until today! Subscribe for more information at http://www.youniquerichdad.com Share and...

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Robert Kiyosaki on Network Marketing – Younique Wealth

Watch the video starring the one and only Robert Kiyosaki and in it he speaks about Network Marketing and the 2 main reasons you should have for starting in this industry. I’ll let you know in this article what those 2 reasons are and why it’s fundamental to understand them if you want any success in your MLM home business. Why Do Most People Fail? Most people fail because they have no experience of business ownership, we’ve been programmed and trained to work at jobs and when you come to the tables with the skills you learned at your job it’s that much harder to get things moving. Most people join to make money-an emotional decision. The truth is most people don’t have the patience and willingness to learn new skills, skills that are mandatory if you want success. When someone joins just to make money their emotions are attached to the money they envisioned so when they aren’t instantly gratified or don’t make money in the first few months they quit. It’s these people that give the industry a bad reputation spreading stories of how network marketing is a pyramid scam. Addressing The Myth Unlike traditional corporate systems there’s room at the top for everyone. When people don’t get to the top they say it’s a pyramid scam. A traditional corporate system is a pyramid too, however in the corporate system there is only room for one person. In a Network marketing business there is room for everyone. The pyramids are laid out differently. In Robert Kiyosaki’s video he explains that one pyramid has it’s base on the ground and one has it’s base in the air, this means that anyone can join as a business owner. The 2 Reason’s You Must Have For Joining 1. To help yourself 2. To help other’s Reason number 1 means that you come to the business to help change your core value’s to make the transition from an employee to business owner Reason number 2 means that you join the business to help other’s make that very same shift. Your Business Is An Asset If you read any of Robert Kiyosaki‘s writings on Network Marketing you’ll learn that most people join this business to make money for themselves. They forget that in Network Marketing you’re in business for yourself but not by yourself. You must treat this business like an asset on the other hand you must treat the people who join you in business like an asset also. although it is a business you can’t forget the NETWORK part of it all. This is a people business and always will...

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Bob Proctor’s Younique Wealth – Gold & Silver Home Based Business

YOUnique Wealth & The Wealth Plan For Every Man Click to Watch Bob Proctor’s Video YOUnique Wealth has just released (February 2010) a powerful new and very exciting wealth plan called the Wealth Plan For Every Man that anyone that is desiring to create substantial financial change in their life can plug into and easily create rapid change for their life. What Is YOUnique Wealth? Unlike most wealth creation company’s that are designed more to make the owners of the company wealthy, YOUnique Wealth was designed explicitly for you, to place in your hands a wealth creation tool that works for people who DO NOT have access to the knowledge or systems that are required for real wealth creation. YOUnique Wealth has a powerful wealth creation plan called the Wealth Plan For Every Man™. Absolutely anyone can use this plan to change their long term financial future, without the risk and fear of investing in shares, real estate or traditional brick & mortar business in a fragile economy such as we currently have. Watch This Powerful Video Presentation You Are Just Moments Away From Getting Your Hands On The Exact SAME System & Sales Funnels That I And Other Entrepreneurs Use to Generate Multiple 5 & 6 Figure Incomes Each And Every Month… You see, making money online, and building your network marketing business is actually quite simple… when you finally figure it out. When you finally put all of the pieces together. Success in the business world really comes down to just a couple of really simple things. And I realized very quickly that the people who were having real success truly understood these “few things” and simply went out and applied them on a massive scale. When you have a Proven Product, effective sales funnels and the ability to attract targeted traffic to your business… you have the formula for creating unlimited profits and abundance in your business… all on virtual autopilot! I know you probably won’t believe it just yet… but making money online or offline is so incredibly easy when you get these “few simple” things just right. The YOUniqueTM Wealth Systems is a revolutionary, cutting edge solution for YOU to not only Generate The Highest Quality Targeted Prospects to grow your business, but also to position YOU as an industry LEADER, to crank out immediate profits into your business and explode your primary business like a Top Producer on steroids. Our system is so UNIQUE and so POWERFUL because it is unlike any other business system available to you today. You see, we’ve tried all those other systems. And don’t get me wrong, there...

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Robert Kiyosaki – Gold Vs. US Dollar – Audio Podcast

The Right Information… At The Right Time… From The Right People… Click play to hear Robert Kiyosaki Audio Podcast on Gold Vs. US Dollar (Please wait a moment for podcast to load) Leave your comments at the end! With perspectives on money and investing that often contradict conventional wisdom, Robert Kiyosaki has earned a reputation for straight talk, irreverence and courage. His point of view that ‘old’ advice – get a good job, save money, get out of debt, invest for the long term, and diversify – is ‘bad’ (both obsolete and flawed) advice, challenges the status quo. Robert is the author of The New York Times bestseller Rich Dad Poor Dad. Since 2002, Michael Maloney has specialized in education on monetary history, economics, and financial literacy. He is widely regarded as an expert on economic cycles. Michael is the owner and founder of GoldSilver.com , an online precious metals dealership. GoldSilver.com provides invaluable research and commentary for its clients, assisting them in their wealth building endeavors. Since 2005 Michael has been the precious metals investment advisor to Robert Kiyosaki. He is the author of Guide to Investing in Gold and Silver. Richard Duncan is the author of The Dollar Crisis: Causes , Consequences, Cures – the bestseller that accurately predicted the global economic crisis that began in 2008. His latest book is The Corruption of Capitalism – A strategy to rebalance the global economy and restore sustainable growth, Duncan has worked as a financial sector specialist for the World Bank in Washington, DC. He also worked as a consultant for the IMF in Thailand during the Asian Crisis and is now chief economist at Blackhorse Asset Management. As the middle class gets smaller and smaller, more of the tax burden will fall on highly compensated individuals. This is especially true of highly compensated employees and professionals. The tax laws will always favor business owners and investors because they provide jobs and housing. As Social Security and Medicare go further and further into a deficit, more and more taxes will have to be raised to pay for this deficit. These taxes will fall primarily on highly compensated employees and professionals. The sooner you start learning about and planning for the coming inflation and higher taxes, the less you will be affected by inflation and the lower your taxes will be. Rich Dad’s Advisors: Guide to Investing In Gold and Silver: Protect Your Financial Future With inflation, middle income earners will be pushed into higher tax brackets and will lose many of their deductions just as many people have become part of the alternative minimum tax (AMT) system through inflation....

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Rich Dad Poor Dad Book Review

This is the book that I read many years ago, or so it seems. When I sat down to read it I could not put it down, while there is some controversy as to the authenticity of the story, it really does not matter.  What does matter is the profound effect it can have on your life. What I found in reading this book, was that it opened my eyes to all of the possiblities and opportunites I had in Life! When I looked at what I was doing then, working 40+ hours a week, fearful that I could loose my Job at anytime, I decided it was time for a change! For years everyday I would go into work, “I worked on Large Corporate / Private Business Jets” I would ask myself the question, “Why Them.” The one thing they all had in common was that they where Business Owners, Not employees! The book is broken down into the follow Six Lessons: Lesson One – The Rich Don’t Work For Money. Lesson Two – Why Teach Financial Literacy. Lesson Three – Mind Your Own Business. Lesson Four – The History of Taxes and The Power Of Corporations. Lesson Five – The Rich Invent Money. Lesson Six – Work to Learn – Don’t Work For Money. Chapter Eight has some very important lessons in it especially for network marketers, Overcoming Obstacles! Fear. Cynicism. Laziness. Bad Habits. Arrogance. If you do nothing else this year take the time to read this book. Share and...

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Laziness, Habits and Arrogance

Robert Kiyosaki identifies the reasons why financially intelligent people still fail in business, investing and building income generating assets, which create true wealth making the money work for you. Advice On Starting A Business – Laziness Busy people are often the laziest! Are you busy? Busy shopping, watching television, reading the paper working too much? Busy people often avoid things they don’t want to work on! Deep down you know there is something you could improve, you want to improve or maybe you need to improve? If someone was to ask you about this you would probably get defensive. Do you need to exercise more? Spend more time with your family and friends? Improve your posture? Improve your financial intelligence? Take your dog for a walk? Your desire is your motivator, your fuel. You need to change the way you think: “I can’t afford it” should become “How can I afford it?” “How can I afford to never work again?” You may think this is greedy, that’s OK you have been conditioned to feel guilty about greed. Robert’s rich dad said “Guilt is worse than greed, for guilt robs the body of its soul”. Eleanor Roosevelt said “Do what you feel in your heart to be right – for you’ll be criticized anyway. You’ll be damned if you do and damned if you don’t.” Advice On Starting A Business – Habits Our every day habits control our behavior. Robert Kiyosaki believes the best habit when paying bills is to pay yourself first, even when you don’t have enough money to pay all of your other bills. Why you ask? The reason is simple your creditors, the tax department, the bank whoever it is you owe money to will chase you for payment until you pay. Would you be as good at chasing yourself to get paid? I don’t think so. The debt collectors chasing you become your personal motivators. Forcing you to think and look for alternative forms of income. You may choose to work harder, you may choose to work smarter. The habit of mental exercise makes you stronger, like anything with practice it becomes easier and you become better at it. Advice On Starting A Business – Arrogance Arrogance is your ego plus ignorance. People often use arrogance to try to hide ignorance. When you feel you are being ignorant, don’t be arrogant about it; educate yourself until you are no longer ignorant. Laziness, Habits and Arrogance are all traits you are responsible for, improving in these areas you will see a positive impact on all areas of your life. My advice on starting a business is...

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Financial Literacy For All – Assets & Liabilities

In Accountancy an asset is defined as “a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity.” A liability also defined as ‘present obligation of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits”. These are the classroom definitions and technical for those in the Accountancy field and these definitions are mostly related to assets owned and liabilities owed by corporate entities. Human beings, as we are, we also have personal assets and liabilities and we can define them in our personal ways that would give us better understanding. This would help us take proper personal financial decisions. Now let’s look the definitions given by one renown American Entrepreneur, Writer and Teacher, Robert Kiyosaki. Roberts defines an asset “as anything that puts money into your pocket and a liability as anything that takes away money from your pocket”. Robert’s definitions are great and relate to our daily lives, because as human beings we make, spend or waste money every day and we need to know the differences between assets and liabilities are. When we spend money, we should spend it more greatly on assets and very less on liabilities. Whether it is personal or corporate expenditure, the quest should be to spend more on buying assets rather than wasting the little funds on liabilities that drain us and our organizations financially. Some assets to buy are: Hotels, hostels, hospitals, guest houses, office complexes, schools, colleges, churches, universities that bring money home Pieces of land to sell later for more cash Building houses and rent them out or sell them for more cash Pharmaceutical shops for sale of drugs, shopping malls, sheds, stores, warehouses, that bring money home Taxes, buses, trailers, articulated trucks, aero planes, ships, trains, that bring money home Build companies in any industry that will bring more money home Treasury bills, fixed deposits, call accounts, mutual funds, unit trusts, real estate investment trusts (REIT) these can bring more money home Specific assets that will defer tax payment for your organization Diamond, gold, and other available minerals whose value will appreciate depending on the world market price to bring more money home Farming-cocoa, cotton, coffee, onions, carrots, cabbage, lettuce, spinach, cassava, plantain, banana yam, potatoes, millet, sorghum, beans, maize, wheat, mangoes, guava, oranges, peas and avocadoes, pawpaw, watermelon, palm nut, coconut, shea-butter nut, all edible berries to sell for cash Constructions of dams, boreholes, wells, canals, lakes, swimming pools and others to rent out or even sell...

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Robert Kiyosaki – We need two school systems

Education in America could use a big dose of innovation. How about one public school system for employees, and another for entrepreneurs? Leave your comments at the end! In the summer of 1932, presidential candidate Franklin Delano Roosevelt promised, “I pledge you, I pledge myself, to a new deal for the American people.” Today, it is time not for a “New Deal,” but a “New Mission.” America’s schools need to take a page from the businesses that have been created by entrepreneurs over the past decades. Henry Ford, Bill Gates, Steve Jobs, Sergey Brin and Larry Page have all given us the road map, but the path toward entrepreneurship is often the road less traveled America’s schools. The U.S. unemployment rate is currently 9.7% in what many call a “jobless recovery.” So what should we do? The problem and the solution can be found in America’s educational system and its current mantra: “Go to school and get good grades, so you can get a good high-paying job.” In simpler terms that means, “Go to school to become a good employee.” But there are too many employees, which is why we have an unemployment problem. Today, kids just out of school aren’t finding jobs. At the same time, many of their parents are going back to school for retraining. But they’re not finding jobs, either. The idea of a high-paying job for life is truly an American dream — but no longer a reality. With low-priced labor and lower-priced, higher-performance technology, high-paying American jobs will be disappearing at greater speed as they move overseas. Two-track system America’s education system needs an injection of innovation — which is just what entrepreneurs do. We need two different public school programs: one for employees and one for entrepreneurs. The way to train entrepreneurs is almost exactly the opposite of the methods used to train employees. Another common thread about Ford, Gates and Jobs is that they all dropped out of school. This is not to say education is not important, but training entrepreneurs is different from training people to be employees. It is much like the difference between traditional education and the military academy model. Many of the lessons I drew upon to write my book, Rich Dad, come from the U.S. military academy system. In 1965, I left a sleepy sugar plantation town of Hilo, Hawaii, and journeyed to Kings Point, N.Y., to attend the U.S. Merchant Marine Academy. With four years at the academy and six years as a Marine Corps pilot, including two trips to Vietnam, I gained many of the real-life skills and character traits I count on today...

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