Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki


Residual Income for LIFE

From : YouTube :: Tag // homebusinessAuthor: UOIScampus Keywords: residual income Robert Kiyosaki mlm ression proof industry professionals home business marketing Added: March 24, 2009 View original post here: Residual Income for...

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The Art of Alliances

~ Robert Kiyosaki Whenever I consider new strategic alliances or expansion opportunities, I look for three things: good partners, good financing and good management. Whether we’re looking for investors, partners or vendors, we weigh their experience, expertise, track record and character. The quality of the businesses or individuals we align with directly affects our future. Are your philosophies and standards aligned? Is there trust and respect and a shared vision for the future? Are the business rules and reporting processes clear and manageable? The best partnerships and alliances are ones that have the potential to deliver big wins–for both sides. I’ve come to believe that the strongest businesses are relationship-based, not transaction-based. We work to develop relationships with our customers to build loyalty and lifetime value. It’s the same with the B2B deals we strike: Long-term relationships in which both sides benefit and profit trump short-term, transactional plays when it comes to the investment they require and the dividends they pay. Good financing means strong financials as well as optimal strategies within the deal for managing debt, structuring terms, handling revenues and cash flow, and maximizing tax advantages. Often, the terms of the deal can turn an average opportunity into a great one. Regarding the importance of strong management, you may have heard the maxim in business that “money follows management.” I often ask myself what other companies see when they put my company under a microscope. If a potential partner or investor asks who your management team is and how strong they are, what will they conclude? That same test applies to the alliance decisions we make as entrepreneurs. If your management is weak, so is the future of the business. If the management team of the company you’re considering as an alliance partner or vendor is weak or ineffective, so are your prospects of a successful and profitable relationship. Weak management will be challenged in both good and bad times–explosive growth requires as much focus and discipline as managing through a downturn. It’s easy to find bad partners, lose control of your cash flow and discount the importance of strong management. It’s harder to invest time and resources to find and vet agreements with strong partners, structure a deal that adds value to the entire relationship, and search for, hire, and build a strong and talented team of leaders. No matter how strong your product or service, your attention to these fundamentals–or lack of–will determine your future. Read the original post: The Art of...

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Live Online Virtual 3-D Virtual Reality & Social Media Conference April 21st, 2009

Please join us as Jim Peake and Ron Goedendorp hold a Live Virtual Conference on Social Media Effectiveness Insights for Businesses  “Tomorrow’s workforce and consumers seamlessly use social media, and your company will either be a part of that world, or not,” said Ron Goedendorp, President of Social Metric Marketing ”Your very survival depends on what you are doing in that world today.”  Executives and participants can get exposure to the exciting and opportunity filled world social media networks present to brands and companies, including strategies for successfully putting together a plan and participating in better methods for leveraging resources such as Twitter, Facebook, LinkedIn, Yelp and more.   On April 21st we are sharing with the rest of the free world some of our findings/interviews re: social media insights for businesses in a Live Online Virtual 3-D Conference (if we can get enough people we will put it in a “virtual stadium.”)    Your registration(s) tweets are welcome of course. J   We have a Facebook group going on it as well.      @jimpeake  @gorongo Share This Blog more…. BlogPulse Technorati Cosmos Sphere It Read more: Live Online Virtual 3-D Virtual Reality & Social Media Conference April 21st,...

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10 Things Millionaires Won’t Tell You

by Daren Fonda  1. “You may think I’m rich, but I don’t.” A million dollars may sound like a fortune to most people, and folks with that much cash can’t complain — they’re richer than 90 percent of U.S. households and earn $366,000 a year, on average, putting them in the top 1 percent of taxpayers. But the club isn’t so exclusive anymore. Some 10 million households have a net worth above $1 million, excluding home equity, almost double the number in 2002. Moreover, a recent survey by Fidelity found just 8 percent of millionaires think they’re “very” or “extremely” wealthy, while 19 percent don’t feel rich at all. “They’re worried about health care, retirement and how they’ll sustain their lifestyle,” says Gail Graham, a wealth-management executive at Fidelity. Indeed, many millionaires still don’t have enough for exclusive luxuries, like membership at an elite golf club, which can top $300,000 a year. While $1 million was a tidy sum three decades ago, you’d need $3.6 million for the same purchasing power today. And half of all millionaires have a net worth of $2.5 million or less, according to research firm TNS. So what does it take to feel truly rich? The magic number is $23 million, according to Fidelity. 2. “I shop at Wal-Mart…” They may not buy the 99-cent paper towels, but millionaires know what it is to be frugal. About 80 percent say they spend with a middle-class mind-set, according to a 2007 survey of high-net-worth individuals, published by American Express and the Harrison Group. That means buying luxury items on sale, hunting for bargains — even clipping coupons. Don Crane, a small-business owner in Santa Rosa, Calif., certainly sees the value of everyday saving. “We can afford just about anything,” he says, adding that his net worth is over $1 million. But he and his wife both grew up on farms in the Midwest — where nothing was wasted — and his wife clips coupons to this day. In fact, most millionaires come from middle-class households, and roughly 70 percent have been wealthy for less than 15 years, according to the AmEx/Harrison survey. That said, there are plenty of millionaires who never check a price tag. “I’ve always wanted to live above my means because it inspired me to work harder,” says Robert Kiyosaki, author of the 1997 best seller Rich Dad, Poor Dad. An entrepreneur worth millions, Kiyosaki says he doesn’t even know what his house would go for today. 3. “…but I didn’t get rich by skimping on lattes.” So how do you join the millionaires’ club? You could buy stocks or real estate,...

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What Makes Rich Gets Richer?

What makes rich gets richer? We notice that the rich keeps on getting richer while some of the poor gets poorer. Kiyosaki continued his teachings on his “Rich Dad Guide to Investing”. If you are not familiar, there’s this one rule originated by the Italian Economist Vilfredo Pareto in 1897 called “Pareto’s Principle or 80/20 Rule” also known as the Principle of Least Effort. In business, we can apply it and we can say: put most of our efforts on the 20% of things that bring in 80% of the income in our business. Kiyosaki agreed with the 80/20 Rule for overall success in all areas but not for money. He went on to say that when it comes to money, he believed in the 90/10 Rule. He noticed that 10% of people had 90% of the money. In the world of show business, 10% of the actors and actresses had 90% of the money. In the world of sports, 10% of the athletes made 90% of the money. The same 90/10 Rule applies to the world of investing. That is, 10% of the investors gained 90% of the wealth in the world. Would you want to be included in that 10% that owned 90% of the wealth? Kiyosaki differentiated between an average investor vs. rich investor or commonly known as the 90/10 investor with regards to their thinking. This is also what makes the rich even richer. Let’s look how rich investor thinks. Most investors say, “don’t take risks,” the rich investor takes risks. The world is full of risks and this is also applicable to the world of investing. We all know that a high return involves a high risk. And the higher the returns, the more profitable the investment is. The rich investor thinks about how to improve his skills so he can take more risks. While most investors lives in fear of stock market crashes, the rich investor looks forward to market crashes as an avenue or opportunity to make more money. Most investors try to minimize debt. The rich investor increases debt in their favor. I think this idea has something to do with good debt vs. bad debt. A bad debt is simply a burden because it will drain our finances. A good debt, on the other hand, helps us to manage our finances and somehow makes us even richer. A debt can be considered a good debt if the interest income from where that debt is invested is more than the interest expense of the debt availed. This is what you called in finance as DEBT LEVERAGING. Let’s look at some of...

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Free, Collaborative Book

Business Plus, an imprint of Grand Central Publishing (Hachette Book Group), announced today that one of its flagship authors, Robert T. Kiyosaki of Rich Dad Poor Dad fame, will release an innovative new book, CONSPIRACY OF THE RICH: The 8 New Rules of Money, that will be available worldwide online — and for free. The introduction has been released and is available on as well as via a direct link from An unprecedented publishing event for Kiyosaki and The Rich Dad Company, CONSPIRACY OF THE RICH will be an interactive, “Wiki-style” project in which Kiyosaki will invite feedback, commentary, and questions from readers across the globe which will then be incorporated into the book as it is written and released, chapter by chapter, on the Internet. The entire process is interactive — featuring a blog written by Kiyosaki, forums with questions related to specific chapters where readers can share their comments and respond to forum posts from other readers, and an email process by which readers can send in their questions This bold and unique approach will enable the millions of people around the world who have put the Rich Dad principles to work in their lives — as well as those who are challenged by today’s harrowing economic times — to engage directly with Kiyosaki and literally help him shape his new book as it is being written. CONSPIRACY OF THE RICH will share Kiyosaki’s view of global economics and why people are now finding themselves challenged by these turbulent times. As Kiyosaki attests, people not only want solutions to their financial problems, but also real answers as to what created today’s economic chaos — and how it can be eased. As CONSPIRACY OF THE RICH will make clear, what appears to be the worst of times may very well be an opportunity in the making. In Kiyosaki’s opinion, people should expand their means and live a life that they want to live by investing in their financial education. “This is the right book… at the right time… at the right price,” said Kiyosaki, in reference to the free and universal access to this book. “This is not the time for traditional answers. The time for this book is now… and the Web will let us do that.” “We are living in tumultuous, unsettling and frightening economic times,” said Rick Wolff, publisher and editor-in-chief of Business Plus and publisher of Rich Dad Poor Dad and the 26 books in the Rich Dad series, “and Robert believes that people today, perhaps more than ever before, are hungry for information and financial education.” Wolff stressed, “The fact that...

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What Type of Investor Are You?

I was disappointed (and oftentimes wondering) why other people were not interested in investing in businesses or projects. Investments that I had made money from, and also investments that I had not made money from (yet). I understood if it was because of the latter reason, because … who am I, after all? But the former? I was enlightened after reading Robert Kiyosaki’s Cashflow Quadrant. It appears that there are many kinds of investors in this world. Interesting. Can you identify which kind you are (see below)? The first kind can be categorised as the “Nothing” investor. De nada. No money to invest. All your income is spent. For some, even the ones who ‘look rich’, they spend more than their income! One of my friends told me that he had a neighbour (a senior government servant) who always borrowed $50 cash from him at the end of the month. He always ran out of cash to give his school going kids their school allowance, before the montly salary is received! Another senior government officer bought a $60,000 car by taking a bank loan (with a higher interest rate of 6%) instead of the government loan (at 4% reducing balance rate) because the government loan was only $45,000 and he had no savings to pay the difference. It seems that 50% of adults are in this “Nothing” category. It doesn’t include you, of course. The second category is the “Borrower“. As the name indicates, you are in this category if you borrow your way through life. You borrow money from your credit card for your marriage expenses (yes, a true story!). Two babies later, your credit card loan still has not been paid. Your favourite exercise? Shopping! Girls are usually in this category. They just can’t help it when the shoes, handbags, watches etc are at 70% discount. Sometimes even without discounts (I mean, the shoes and the handbags need to be colour-coordinated, right?) I remember a friend. He had just successfully obtained a $2 million loan from the bank for a new business. With the money from the bank, he immediately (but not wisely?) bought a Mercedes for himself, and a Honda for his wife. One year down the road, the business was not going on as planned (especially the financials). Now you understand how some ‘rich‘ people lose their Mercs overnight? One day the Mercs is in the car porch, the next day it’s missing. Another friend bought a $360,000 condo one day. From a bank loan. Two years down the road, there was a ‘professional accident’. His company closed down. He lost his job. Anyone would...

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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...

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