Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

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Principles Of Investing Education

Defining Investing Education Principled investing is a misnomer these days. As facts say, most investors today wish that they want to learn more about investing. Therefore, common financial literacy is not so common after all. The need for people to be educated in a dynamic system should be taken into account. Thankfully more and more people are finding online education advantageous in improving their investing education. Investing education is an abstract idea for most people. This is because that they value investment as a way to save money with the expectation that their finances should advance. Yet what they don’t see is that there are methods where investing can become an instinctive exercise to achieve financial freedom. This entails developing the perspective to find investing opportunities where most people find nothing. A quick refresher on investing education will teach students to change the way they look at different investment opportunities, risks, and rewards. Investing education is also important in having a better read of today’s financial situation. As an analogy, anyone can enjoy a delicious cheese cake. But only informed people can dissect what is the real value of the cheesecake according to its taste and other characteristics that the uninformed eye cannot see. Therefore this education is a form of shaping and training that makes a student notice what he does not see in his first look. Importance of Online Education Online learning is in the center of the purposeful information marketplace today. Students of distance learning are seen to be highly motivated individuals who are able to adjust to the dynamics of different training materials and mediums that will allow them have a unique view of what education and training is all about. This dwells more on the practical and quantitative goals. This is evident in continuing internet based learning where the student is updated with the latest trends according to his field. With the latest trends brought by the internet, online investing education is a practical side track to one’s personal development. Just imagine any full-time worker seeking to increase his finances to ultimate financial freedom. While he is severely tied to his career, he can scotch over some time to invest in his personal training. Web based learning then becomes an efficient method to acquire such knowledge because of its flexible and mobile advantages. Time saving and personal management is in itself a practical application of the objectives of online education and 21st century education. Mindset Development through Investment Education A positive impact that is not readily observable is the relationship of investing education and developing a millionaire’s mindset. Smart investors are able to find...

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8 Essential Skills They Didn?t Teach You In School

What are the top skills that should be taught to every man, woman, and child who enters our education system? Here are a few that aren’t taught at all: 1. How to Make People Like You and Network For a skill that affects every area of your life (from dating, to family, to work), it’s amazing how little people know about this. There is great power in knowing you can reach out to your network whenever you have a problem to solve, to be able to reach key influencers at conferences and meetings, to make an impression on audiences, to project confidence and trustworthiness, and to make friends with other successful people. Required reading: How to Win Friends and Influence People and How to Talk to Anyone: 92 Little Tricks for Big Success in Relationships. 2. How to Speed Read and the Power of Audio Books Speed reading and speed comprehension is real. The nominal investment of time it takes to learn pays off in spades for the rest of your life. The same goes with audio books. If you spend an hour per day in the car learning instead of cursing at other drivers, you will have attended the equivalent of an entire semester course. Required reading: The Psychology of Achievement by Brian Tracey 3. How to Set Goals and Manage Time Want to know how to get anything done in life? Our school system doesn’t feel that this is worth teaching. If you have ever found yourself being busy all day only to wonder what you accomplished at the end of it, then you need to learn this. Required reading: Getting Things Done, Eat That Frog, No B.S. Time Management For Entrepreneurs 4. How to Read a Financial Statement Robert Kiyosaki is fond of saying that the rich teach their children how to read financial statements and the poor do not. Schools have never been very good at teaching people how to get rich, probably in no small part because professors are generally poor and wouldn’t know how to teach it. Required reading: Cash Flow Quadrant, or this blog article 5. How to Negotiate and Use Contracts If you want to accomplish anything of significance you’re going to have to work with other people. There is a certain art to structuring good contracts and measuring results. School teaches you none of this and most people have to learn it from the school of hard knocks. Required reading: Donald Trump’s The Art Of The Deal 6. How to Save and Invest People are never taught how to build wealth, which is why the nation is in credit card...

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Obama slams outrageous Wall Street bonuses

President Barack Obama’s  comments, made with new Treasury Secretary Timothy Geithner at his side, came in swift response to a New York Times report, which reported employees of the New York financial world garnered an estimated $18.4 billion in bonuses last year. The figure, from the New York state comptroller, drew prominent news coverage. “Outrageous.” That’s President Barack Obama’s one-word reaction to a report that Wall Street employees got more than $18 billion in bonuses last year. Said Obama: “That is the height of irresponsibility. It is shameful.” The president said he and new Treasury Secretary Timothy Geithner will have direct conversations with corporate leaders to make the point. Obama said there is a time for corporate leaders to make profits and get paid bonuses but now is “not that time.” “Outrageous” is precisely the word. The same people who two months ago came to Congress with hats in hand and took a boatload of taxpayer money are now doling out billions in “bonuses”? Bonuses? Aren’t you supposed to get a bonus when you do something well? More: Obama slams outrageous Wall Street bonuses Share and...

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Don?t Believe Everything You Hear

OK, here’s your pop quiz of the week. The terms: inflation, recession, deflation and depression. Are they economic terms or are they psychological terms? Answer: When you let them operate together as the “little voice” between your ears, they become the same thing and you lose. The key phrase is, “when you let them.” It is no secret that in any difficult economic period, a lot of people get hurt and some people get very rich. Either way, it is the same economy, but a different psychology. The question is, Which person are you going to be? Let’s look at the terms and see how they apply. Inflation: How many times have you been overconfident, or even arrogant? What happens? Sooner or later, like an asset with value pumped out of proportion, the bubble bursts. Correction: Stay humble and connected to clients, associates, friends and their needs. Continue to always serve first. Deflation: Ever been disappointed? Not gotten the outcome you wanted? All your effort into a deal goes for naught when your prospect chooses another vendor or alternative. The money in your bank account is deflating. Do not rest on the laurels of yesterday. The best way to keep from deflating is to keep inflating through nonstop promotion, serving and selling. Keeping the pipeline and your daily calendar filled with revenue-generating activities keeps your energy up. Recession: Even though the government is undecided about whether this is happening or not, you and I know it’s old news. How about you? Ever feel like pulling back? Ever get tired of doing the same old thing? Ever have your energy level and passion level recede? And when it gets bad enough, have you ever felt like going back to bed and turning the electric blanket up to “womb” and forgetting about it? If you said no, you are lying. We have been there more than once. Now we are talking Depression. The No. 1 strategy to stave off all of these little voices and economic conditions is the same. It’s called Little Voice Mastery. It is gaining control of the war between your ears that takes you on an emotional roller-coaster ride every time you watch the market swing or hear the next politician or economist profess their confusing and alarmist rhetoric. There are more opportunities than ever. Weak competition is getting eliminated. That’s good for you and me because those of us who continue to educate and train on how to sell, how to communicate, how to recruit awesome teams and mostly how to manage our own emotions and “little voice” dialogue will WIN and snap up huge chunks...

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What is your debt appetite?

By Marcia Griffin The whole financial world seems to be in turmoil, but any superficial analysis of the problem seems to come up with one reason for this chaos – bad debt. Bad debt is not only the sum total of debt but also the type of debt – risky debt, debt that can’t be collected on – and if we dig further it seems that banks and lending institutions have been allowing customers to borrow more than they should have. In turn consumers have become addicted to debt and now the crunch has come. So the lessons are there – really tough ones, and as consumers and business leaders know there are all sort of ratios that guide debt management. But it has not prevented some major meltdowns. As consumers there is very little advice available about debt. Is that because it is in the interests of financial institutions and businesses to encourage spending and not to warn about over-exposure to debt? You could say “buyer beware” – but looking at the level of consumer debt it is apparent that the consumer has not been sufficiently aware and those buy now, pay no interest advertisements continue not only to go to air but also to work. It seems as a society we are addicted to so many must-have items that we simply continue to live above our means, borrow beyond our means and are beholden to institutions who are doing the same thing! The adage from Robert Kiyosaki to borrow only for assets and cash flow seems very sound in these times – we just need to be clear about the true value of the assets. There are some truly sad stories that emerge in such difficult times, and it is so easy to be caught in the debt trap. But I feel as consumers we need to seek better value and, without wanting to sound like a total puritan, put the brakes on unnecessary expenditure. For business the same principles should apply, but be careful not to cut down in areas that add value to your business. I hear CEOs say “we will need to cut marketing, cut people, cut training”, but I think we need to cut waste and get very clear about what we need to stop spending on and what we should be investing in. It can be a great mistake for a business to slash its marketing budget; a bit like a consumer cutting down on healthy food. Many well run businesses can use this time to gain market share as poorly run businesses do not survive tough times! As consumers and business...

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The Price of Gas

~ Robert Kiyosaki What do higher gas prices mean? From a macro view, it means the end of the Industrial Age and the beginning of the Information Age. So businesses that operate in an Industrial Age context, such as airlines and auto manufacturers, are hurting.Higher gas prices also mean the rich are getting richer and the poor are getting poorer. A dollar means a lot more to a person making $50,000 a year than a person making $500,000. So when a gallon of gas goes from $3 to $4, the dollar increase hits lower income people harder. A dollar increase means people who once drove their car to work now ride the bus or train. For these people, a $1 increase in the price of gas can mean a decrease in their standard of living. For entrepreneurs, higher gas prices mean you have to become a better entrepreneur. For example, if your company produced one pizza per hour in 2007, you’d better be producing 10 pizzas per hour by 2009. And not only do you have to produce 10 pizzas per hour, but you also have to sell 10 pizzas per hour. Simply buying a faster pizza-making machine or hiring more pizza makers won’t cut it.  This means you need to become a better leader of people. If you have workers who rate a five on a scale of one to 10, you must inspire them to become sevens or eights. This may require further training, demotion or termination.  In the Industrial Age, workers came to expect higher pay for seniority, loyalty and longevity–regardless of productivity. And older workers were valued. In the Information Age, if older workers’ speed and skills don’t keep up with the accelerating pace of our times, seniority, loyalty and longevity may become liabilities. Steady performance may be a liability if increased performance is required. There is a difference between employees working for a one-pizza-an-hour organization and an organization operating at a 10-pizzas-per-hour pace. If you, as the small-business owner, have Industrial Age values, then you’re the liability. If you have Industrial Age ideas, you put your workers at risk. Higher gas prices mean you and your organization must do much more for much less. You must become a bolder leader, not a better follower. In my organization, higher gas prices have caused us to use videoconferencing more and airline travel less. Higher gas prices have pushed us to expand through franchise owners instead of more employees. Higher gas prices have moved us to collaborate more and compete less. In other words, higher gas prices have helped make my company richer, because higher gas prices forced me to become...

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Why We Are Never Satisfied with What We Have

I have to admit, I do it too. I complain. Seek better. Complain again. Ridiculous cycle. It’s more of a condition really. A humanity disease, I think we are born with it. It is almost as physical and useful as a regular appendage. Don’t get me wrong, being dissatisfied with here, has got us all to a lot of great theres. Otherwise America would still be in dreary old England and we wouldn’t have the 4th of July. Most progress has something to do with wanting more, better, different. But it isn’t always good. People jump from relationship to relationship, place to place seeking what they didn’t find in the previous opportunity. It’s worth considering, for a moment, that maybe we don’t take full advantage of the opportunities that exist, right where we are. Financially, we are always striving for more. No matter how big the raise, somehow we are still always just scraping by. A very particular group of dissatisfied individuals resides in the settlement recipient community. Those are the people who are receiving payments spread out over time. Impatient for the money, sometimes justifiably so, they cash in their future payments to get their money sooner. So instead of receiving the regular payments spread out over time, they choose to accelerate their payout. Of course, the reason is they think it would be better that way. It isn’t always better to unstructure your payments. Just like it’s not always better to get a new car, move to a new place, and get a new love interest. There is a healthy time, motivation, and method for improving your situation, be it financial or otherwise. Consider carefully, take a moment and consider, if the way the things are, might not be good enough. Jason Rigler Settlement Advocate and consultant for Prosperity Partners Customer Service Department. See the original post: Why We Are Never Satisfied with What We Have Share and...

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Should You Start a Business Today’s Economy?

As the experts argue about the definitions of a recession, the reality is that things are definitely not booming. That hasn’t dampened America’s entrepreneurial spirit, but it’s made people more cautious. So should you consider starting a new venture in today’s economic climate?  “Many people think that starting a new business in a slowing economy doesn’t make sense, but for many businesses, there are advantages,” says Peter Justen, is president and chief executive officer of MyBizHomepage. Justen says there are definite perks to starting a new business when the economy isn’t great; you can: Negotiate for a great deal on the lease.  Real estate is slowing in most regions of the country which allows for small businesses to get retail, office and warehouse space at reduced costs.  “Do your homework,” Justen advises, “and study the past rental rates and current market conditions before you negotiate.”  In a tight economy, it’s also easier to negotiate for landlord build-outs, signage, and parking. Find great used furniture/fixtures, office equipment. Take advantage of the many companies who ramp up too fast and find themselves with offices of new furniture and equipment to sell at a fraction of what they paid.  This is a great time to negotiate copiers, fax machines and computer equipment.  Capitalize on less business competition. When the economy tightens, fewer people are likely to start businesses.  This means that you can do a competitive regional analysis and know that your niche is protected, for a while at least. Grand openings, ribbon cuttings and ground breakings are likely to get a lot more media and general attention. Make the most of less advertising competition and reduced rates.  When you spend money to advertise your new company, you’ll have greater visibilitysince there are fewer companies advertising in a slow economy.  You should also be able to negotiate advertising rates.   Benefit from reduced marketing costs.  In a down economy, writers, designers, and agencies are often looking for work and are able to offer reduced rates. Pursue available media coverage.  Local press will be more likely to cover a start-up when it’s one of just a few.   When business slows down, it’s more difficult for reporters to find good stories.  Send story ideas and pitches to your local business reporters. Take advantage of greater loan availability.  With fewer start-ups there are fewer companies vying for start-up loans from banks and Small Business Administration grants. While a tighter economy means tighter lending too, less competition should make it easier to get money from lending institutions, assuming you have stellar credit. Scout out bank rates and services.  Shop your local banks for the best rates and...

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Tough Times Create Tough People (mp3)

Many are facing tough times with the stock market and economy being tumultuous and unpredictable. To help you through these times we are speaking with Ethan Ewing, President of Bills.com and Kim Kiyosaki, author of Rich Woman and co-founder of The Rich Dad Company. Ethan is going to show you how to get out of debt and stay out of debt while Kim is going to share some financial advice on how to stay cash flow positive. Download mp3 – Tough Times Equal Tough People [55:17m, 12.6MB] See more here: Tough Times Create Tough People (mp3) Share and...

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Raising Your Financial IQ

I have read the book “Raising Your Financial IQ”. 133 pages of mostly repetitive information, but there was some new things in there. I thought it was funny to read about himself and his wifes accountant and how she (the accountant) reacted when the couple wanted to take 30% of $1000 to invest instead of paying the bills. Even though they owed $1500 to creditors. The accountant became very upset. This lesson about paying one-self first is something that very few do. They pay themselfs last, but think they pay themselfs first. The thing is that people pay themselfs what is left over. That is not paying yourself first. It takes a certain kind of guts paying yourself first. Especially 30% of income. Robert Kiyosaki and his wife actually made money through business dealings and paid themselfs 30% before taxes. That takes real guts. Though I would guess the taxman got the first rights to the money on what was left over, before the other creditors. But I can’t help it, I like Robert’s crazy way with money. It resonates with me and makes real sense to me. I like his creative financing schemes as well. I really do. Others thinks he is a total moron, I can’t agree at all. He is probably the sanest person out there. This guy knows that in the end, yourself goes first in line. You only have yourself in the end. I find it (just as the author does) funny that we prioritize others more than ourselfs. People think that this is our responsibility. That is BS, I am responsible for me first. Always. Then I can be responsible for others. But I need to secure my ass first. How can I secure my own ass first when everyone else is entitled to my money before I am entitled to it? So think about this: Every time you get $1 in your pocket from business dealings, take 30 cents right of the top and invest it. Pay taxes on what is left and the other creditors. The creditors that are left when there is no more money, need to wait until you earn some more money. This makes you really productive. You have to be..hehe. You have no choice. Creditors of importance are always: YOU The goverment Banks and financial institutions Other small time creditors. If you are dealing with criminals and the Mafia then I would propose for you to stop dealing with those people. It can become a problem if you pay yourself and fall short of paying those guys. Read the book by all means, you can never get...

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