Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

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Bad News For The Fed and IRS – Conspiracy of the Rich

Bad News For The Fed and IRS This month, Utah became the first state in the country to legalize gold and silver coins as currency. So what does this mean to you, me, the Fed, IRS, and the world? To understand the significance of Utah’s actions, you need to understand the definition of the word “currency.” As strange as it may seem, governments determine what they think money is. For most of us, money or currency is the paper in our wallets. It only has value because governments have the power to declare paper to be money. In 1933, President Franklin Roosevelt made owning gold illegal. The president declared that money now was paper. The key to this scheme working, is the government only accepts its own “paper” as money. You cannot pay your taxes with gold or silver…only official government paper. To make sure we only used “paper” the government imposed a very high capital gains tax of 28% on gold and silver. That means, if you bought gold or silver for let’s say $10 and it increased in value by $10, the government would tax you $2.80 for your gains, even if you held the gold or silver for several years. A 28% tax is nearly 100% higher than long-term capital gains tax of 15% in the US. For example, if I bought a stock for $10, held it for a year, and sold it for $20, my tax would be $1.50 on my gains. One reason why I like real estate, better than paper assets or gold and silver, is I can be taxed 0% on my gains. In fact, if I use the tax laws correctly, I receive money back from the government. In other words, rather than be taxed for $10 gains, I often receive additional money, a payment from the government rewarding me for making money. For example, not only do I receive my $10 gain, I receive an additional $2 from the government for doing what the government wants me to do. Please read my latest book Unfair Advantage – The Power of Financial Education to better understand how entrepreneurs and real estate investors use the tax law to receive payments from the government. In this book, my tax accountant and Rich Dad Advisor, Tom Wheelwright does a better job of explaining this tax strategy. He explains that real estate is one of the few investments where not only can you legally escape tax on your gains and your cash flow (rents), you can actually receive tax deductions against your other taxable income. So if you have $10 of cash flow from...

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Robert Kiyosaki – Life’s 4 Quarters

It’s Time To Get Smarter With Your Money. “…It’s become even clearer to me that what Robert Kiyosaki talks about and teaches is more important than ever. Financial education is crucial to this country at this point, and Robert’s acumen in this area cannot be disputed.” – Donald J. Trump Robert Kiyosaki interview Share and...

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Conspiracy of the Rich: The 8 New Rules of Money

Conspiracy of the Rich is a new book in development by Robert Kiyosaki, the bestselling author of Rich Dad Poor Dad, that has traditionally bucked convention and undoubtedly will yet again with this new work in progress. In this book he challenges conventional wisdom about finance, and teaches readers how to adapt to money’s new rules in today’s economic turmoil. Rich Dad’s Conspiracy of the Rich: The 8 New Rules of Money Share and...

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Robert Kiyosaki – Live Interviews

This is a montage of Robert Kiyosaki appearing on; CNN, KTLA, TODAY, The Early Show, FOX News and many others. He talks about debt, education, predictions, and also talks with Donald Trump. Robert Kiyosaki and Donald Trump – Why We Want You to be Rich: Two Men – One Message Why We Want You to be Rich: Two Men – One Message Share and...

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Robert Kiyosaki – Buy or Sell Gold?

Image by hto2008 via Flickr Buy or Sell Gold? The latest Wall Street Journal is filled with stories about financial planners advising clients to either sell their gold or not buy anymore. Naturally, you’re probably asking, “Should I buy or sell gold?” My answer is that it depends. My gold buying career began in 1972 while I was a pilot in Vietnam, when gold was about $85 an ounce. When it passed $750 an ounce from 1979 to 1980, I was forced to sell, not because I wanted to, but because I needed to pay off some bills. In the 1980’s, when Kim and I were flat broke, we bought a little gold and a little silver on a regular basis. When gold dropped below $400 on its way down from $850, I bought gold at $400, thinking it was a good price. Then it dropped to $375. I felt stupid, saying to myself, “I should have waited.” So, I bought at $375 and it dropped again. Still feeling stupid, I bought more gold. When gold went below $300 around the year 2000, I bought as much as I could afford. In 1996, with gold and silver so low in price, a group of investors and me purchased a silver mine in South America and a gold mine in China. We nearly went broke bringing both mines to market in Canada. The silver mine was sold to another silver company and the Chinese gold mind went public through an IPO on the Canadian Exchange. I regret selling that silver mine. I should’ve held on to it but the cash was tight and the offer too good to refuse. In 2000, Rich Dad Poor Dad was still a self-published, obscure book. We had no income from the book or our games. Oprah hadn’t called yet to get me on her program. Our primary investments at the time were larger apartment houses and one commercial property. Cash was tight in 2000, but with gold and silver at such low prices, we cut corners on food and luxuries and bought as many gold and silver coins we could afford. In 2001, after Rich Dad Poor Dad took off, Ron Insana interviewed me on the financial TV channel, CNBC. He asked me what I was investing in and I told him gold. He thought gold was a strange investment but listened to my arguments politely. Generally, paper asset investors like Ron Insana, don’t invest in gold, silver, or real estate. If they do invest in hard assets, they invest via paper assets through gold mining shares, ETFs (Exchange Traded Funds), and REITs (Real...

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Rich Dad’s – How To: Find Great Investments

Product Description Learn what to look for, what questions to ask-and what you can do to impact the bottom line profitability of your investments…. More >> Rich Dad’s – How To: Find Great Investments Share and...

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Robert Kiyosaki: Rich Dad’s Conspiracy of The Rich on Alex Jones TV

Alex welcomes to the show investor, businessman, self-help author and motivational speaker, Robert Kiyosaki. Mr. Kiyosaki is best known for his Rich Dad Poor Dad series of motivational books and other material published under the Rich Dad brand. He has written 15 books which have combined sales of over 26 million copies. He has created three “Cashflow” board and software games for adults and children and has a series of “Rich Dad” audio cassettes and disks. Other books by Kiyosaki include: Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom, Why We Want You To Be Rich, and Before You Quit Your Job. Part 1/3 Part 2/3 Part 3/3 Share and...

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$10 Oil? Mike Maloney Schools Bankers on Deflation (Part 2 of 2)

Watch part 1 here Rich Dad’s adviser Mike Maloney was recently invited to speak at the 8th International Banking Forum in Sochi, Russia. The purpose of the conference was for bankers from around the world to meet and discuss the current state of the global economy, the banking system, and strategies for protecting their personal wealth (hence the speaking spot for Mike). The first morning passed without too much fuss as each speaker gave an introduction and a brief talk on his or her area of expertise. However, by the end of the day…it became obvious that something was definitely wrong. After speaking with many of the attendees, Mike was alarmed to find that practically none of the international bankers understood our present monetary system. Most had no idea how currency is created! Here at wealthcycles.com, we’ve often wondered exactly how well modern day bankers understand the worldwide predicament that we find ourselves in. Ladies and gentlemen, our worst fears have been confirmed – the lights are on, but there’s nobody home. Mike’s presentation on personal protection of wealth changed overnight, into one of basic education on our monetary system. How can anybody take the role of wealth protection (or running an economy!) seriously unless they can see the massive storm that lies ahead? Whether you are a banker or a baker, a lawyer or a bricklayer…the time to get educated is NOW. We hope you enjoy Mike’s frantic effort to awaken the conference from its slumber. It would have been nice for Mike to finish his speech, but perhaps there was a little too much reality on the stage for these Masters Of The Matrix, the Demigods Of Delusion. Participate in The biggest wealth transfer in history – YOUnique Wealth Share and...

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$10 Oil? Mike Maloney Schools Bankers on Deflation (Part 1 of 2)

Rich Dad’s adviser Mike Maloney was recently invited to speak at the 8th International Banking Forum in Sochi, Russia. The purpose of the conference was for bankers from around the world to meet and discuss the current state of the global economy, the banking system, and strategies for protecting their personal wealth (hence the speaking spot for Mike). The first morning passed without too much fuss as each speaker gave an introduction and a brief talk on his or her area of expertise. However, by the end of the day…it became obvious that something was definitely wrong. After speaking with many of the attendees, Mike was alarmed to find that practically none of the international bankers understood our present monetary system. Most had no idea how currency is created! Here at wealthcycles.com, we’ve often wondered exactly how well modern day bankers understand the worldwide predicament that we find ourselves in. Ladies and gentlemen, our worst fears have been confirmed – the lights are on, but there’s nobody home. Mike’s presentation on personal protection of wealth changed overnight, into one of basic education on our monetary system. How can anybody take the role of wealth protection (or running an economy!) seriously unless they can see the massive storm that lies ahead? Whether you are a banker or a baker, a lawyer or a bricklayer…the time to get educated is NOW. We hope you enjoy Mike’s frantic effort to awaken the conference from its slumber. It would have been nice for Mike to finish his speech, but perhaps there was a little too much reality on the stage for these Masters Of The Matrix, the Demigods Of Delusion. Participate in The biggest wealth transfer in history – YOUnique Wealth Share and...

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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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