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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.

Tax laws are basically the same throughout the world. They favor the entrepreneur and active investor and punish the employee, self employed, and casual investor. Wherever you are in the world, your taxes will be impacted by the inflationary practices of the United States and other countries.

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“If I had to do it all over again, rather
than build an old style type of business,
I would have started building a
network marketing business.”

Quote by Robert T. Kiyosaki

In this Second Edition of his best selling book, Robert T. Kiyosaki updates and expands on his original eight “hidden values” of a network marketing business (other than making money!)

Special Bonus-three additional”hidden values” from Kim Kiyosaki, Sharon Lechter, and Diane Kennedy.

Robert Kiyosaki explains that building a network marketing business….

… is a revolutionary way to achieve wealth.

… makes it possible for anyone to acquire great wealth.

… is open to anyone who has the drive, determination and perseverance.

1. #1 True Equal Opportunity.
2. #2 Life-Changing Business Education.
3. #3 Friends Who Will Pull You Up, Not Push You Down.
4. #4 What is the Value of A Network?
5. #5 Developing Your Most Important Business Skill.
6. #6 Leadership
7. #7 Not Working for Money.
8. #8 Living Your Dreams

Special Bonus-three additional”hidden values”

1. #9 Marriage and Business
2. #10 The Family Business
3. #11 How You Can Use the Same Tax Loopholes The Rich Use.

Our Comments:

The Business School for People Who Like Helping People is a must read book for anyone in the network marketing industry and those looking at joining a network marketing company.

As a network marketer and continuing student of the network marketing industry, Robert Kiyosaki outlines this industry in a way others do not “With Out the Hype” pure nut’s and bolt’s information.

If you have read and followed any of Robert Kiyosaki’s books, then you know that starting and building your own business is one of the ways to achieve success.

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This explains the 4 quadrants of “E” Employee, “B” Business Owner, “S” Self-Employed and “I” Investor. 

It helps you to identify which quadrant you are in and if it is the best one for you?

The book CashFlow Quadrant will help you chart a course from Left side of the quadrant to the right side of the quadrant.

This book is a continuation of the book Rich Dad Poor Dad which should be the first book you really read in Robert Kiyosaki’s series.

It is important to remember that each of us resides in one or more of the four quadrants.

The book CashFlow Quadrant is divided into 3 parts:

• Part One: Explains the core difference between people in the four quadrants.
• Part Two: Talks about personal change, about who you have to be, not what you have to do.
• Part Three: Defines the seven steps you can take to get to the right side of the quadrant.

Part Three is where it really gets exciting as  you cover the:

The Seven Steps to Finding Your Financial Fast Track.

1. It’s Time To Mind Your Own Business.
2. Take Control Of Your Cash Flow.
3. Know The Difference Between Risk and Risky.
4. Decide What Kind Of Investory You Want to Be.
5. Seek Mentors.
6. Make Disappointment Your Strength.
7. The Power Of Faith.

Each one of these Seven Steps, really re-inforces what we do in network marketing.

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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!

1. Fear.
2. Cynicism.
3. Laziness.
4. Bad Habits.
5. Arrogance.

If you do nothing else this year take the time to read this book.

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 to be committed to ongoing personal development now and for the rest of your life.

Does that sound like too much work?

Yes – than read this article again!! I think laziness, bad habits and a little arrogance is holding you back…

No – great than get to it!!

And don’t forget to leave your comments …

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