Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

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CASHFLOW 202

CASHFLOW 202: The Advanced Business and Investing Game Move Beyond the Basics of Personal Finance CASHFLOW 202 teaches you the advanced business and investing techniques used by technical investors and is an advanced supplement to the bestselling CASHFLOW 101 board game, called “Monopoly on steroids” by USA Today. As a supplement to CASHFLOW 101, CASHFLOW 202 adds volatility to the existing game framework and teaches the advanced investment techniques of short-selling stock, put-options, call-options, straddles, and real estate exchanges. CASHFLOW 202 is an educational board game that simulates real life financial strategies and situations. As a simulation, you learn valuable lessons and gain priceless insights into personal finance and investing without having to put your actual money at risk. Developed by Robert Kiyosaki, author of the #1 personal finance book of all time, Rich Dad Poor Dad, CASHFLOW 202 is the ultimate realization of Robert’s vision of an interactive tool for financial education, and the fulfillment of his belief that we learn best by doing. You must have CASHFLOW 101 in order to play CASHFLOW 202. This package contains new game sheets and new playing cards....

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Rippln Mobile App Gamification Official Hangout Event

Featuring Jonathan Budd, Brian Underwood & Russell Brunson – Discussing the current and future of Rippln Mobile Apps Gamification. http://www.rippln.by/get-started/ Rippln has attracted the attention of tens of thousands of people in countries all over the world since pre launch on Saturday the 13th. This company has truly created a viral sensation across the world and is attracting all types of ages, professions, and companies alike. “RIPPLN” is the ‘active state of a ripple’. It is also a new app that is powered by an enabling technology, which is set to make waves around the world. Rippln is born from a 14 year old infrastructure, which has generated billions of dollars in revenue globally and has focused on driving audience behavior through incentivized sharing. There’s no doubt that mobile is the future. With hundreds of millions of smartphones on the market, we have all become accustomed to checking email, surfing the web, texting, video-chatting, playing games and buying all variety of applications for our mobile devices. It was just a matter of time before someone would devise a plan to infiltrate the app marketing by providing an incentive for people to download and use an application. The incentive? Money, of course. The premise is that when we find an app we like, we share it with friends and family members without any compensation. Rippln believes we should be compensated for our referrals. The Rippln app brings long-overdue transparency to the social engagement business and has created a new monetary model for “eyeball acquisition”. You must be personally invited to Rippln through a Rippln Player. If your interested you can contact me below to request your personal invite code. Once invite code is generated you will have only a few hours to accept the invitation – so act quickly! This Is Your Chance To Get In On The Ground Floor Of This Exploding Industry! Mobile​ – Apps​ – Gamification (mobile game add ons) Each of these 3 industries (Mobile, Apps, and Gamification) are huge growth sectors that are sucking up hundreds of millions of dollars in Venture Capital. In the next 12 months, you can expect to hear of hundreds of new tech start ups, many more acquisitions and overnight billionaires who turn their ideas into global phenomenons and making hundreds of millions more in profits. Has Any Of That Profit Ever Landed In Your Pocket? We Are About To Change All That! Oh, did I tell you that the App is 100% FREE. Hence this opportunity will go viral in no time at all…Join before the masses find out! For More Information, or to get a private invite, please...

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Robert Kiyosaki Overview

Robert Kiyosaki is many things; an author of self-help books, an investor, a business man, as well as a motivational speaker. Without doubting though, Robert Kiyosaki is known best as the bestselling author of a series titled Rich Dad, Poor Dad . Robert Kiyosaki has become one of the leading voices in educating people in the area of developing their own personal finances. With twenty-six books in the Rich Dad series, Robert Kiyosaki has sold more than twenty-seven million books worldwide. His works have been translated in fifty-one different languages for markets in a hundred-and-one various countries across the world, eventually leading him to countless bestsellers lists across Asia, Australia, Europe, Mexico, and South America. Robert Kiyosakis first book Rich Dad, Poor Dad was a sensational hit from the get go and has been on the New York Times best sellers list for six years as of November 2007. The sequel to Rich Dad, Poor Dad, Rich Dad’s Cashflow Quadrant also landed on New York Times best sellers as did a third book titled Rich Dad’s Guide to Investing. These three books were concurrently on top ten bestsellers for The Wall Street Journal, Business Week, USA Today, and The New York Times, which all just happen to report to Publishers Weekly. In reviewing publications of 2005, Publishers Weekly applauded Robert Kiyosaki and Rich Dad, Poor Dad for performing way beyond a publisher’s expectation. Robert Kiyosaki was also inducted in Amazon.coms Hall of Fame in 2005, coming in the top twenty-five, at number twenty-three, just edging out the likes of such literary geniuses such as Tom Clancy and William Shakespeare (!). With all these accomplishments Robert Kiyosaki has become one of the most successful writers of motivational books of a financial nature. The purpose and mission of Robert Kiyosaki is aimed to help people achieve economic success and stability. Robert Kiyosaki has a certain style in motivating, and his attitude towards money is defiant and pro-active. These values have found its way into his many books of the Rich Dad, Poor Dad series, and in their deliverance has helped many people understand how to make money work for them. Applying these learnt skills, which develops into financial literacy, and as Robert Kiyosaki believes, will create an understanding of how to use money in the real world. Concepts and attitudes, along with definitions of words such as wealth and assets, determines how somebody handles money, and the way Robert Kiyosaki understands it, if somebody has the right attitude and defines such key words properly than anyone will be on the right track in achieving financial success. Robert Kiyosaki stresses this point...

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Top 7 lessons I learned from playing Rich Dads Cashflow 101 game

1. Simplify and get out of the rat race faster I noticed that whenever I played the cashflow 101 game and was able to choose a simple profession like a truck driver for example, I was able to get out of the rat race faster. As a truck driver, although my salary was low, my monthly expenses were also very low. Because I had low monthly expenses, I already had a positive cashflow and all I needed to do was just get those passive income generating deals. After each payday, I had more money to invest, and with just a few passive income generating deals, I had enough passive income that exceeded my monthly expenses, and I was able to get out of the rat race faster. In real life, I am applying the same strategy by reducing my monthly expenses by leading a simple life. This was also described by Bo Sanchez in his book Simplify and Live the Good Life and T. Harv Eker in his book Secrets of the Millionaire Mind. My family and I lead simple lives, which explains my very low target monthlypassive income which is why I know I am going to get out of the rat race in real life very soon! 2. Start with small deals first, and the big deals will follow In the beginning of the game, I always chose small deals even if they produced little cashflow. Later on, when the market presents good opportunities, I was able to sell or flip these small deals and then I used the profit to buy the bigger deals that produced greater cashflow, allowing me to get out of the rat race. In real life, I am also following the same path. I focus on single family homes or properties which may produce little cashflow at the very least, but can actually generate significant profits if flipped or sold through rent-to-own. I can then use the profit later when they are enough to get bigger deals that can produce bigger positive cashflow. 3. Over-leverage often leads to bankruptcy During the game, we often encounter great deals that produce a lot of positive cashflow but require a big downpayment and it is tempting to borrow money from the bank just to be able to buy those great deals. However, there is such a thing as becoming over-leveraged which can produce negative cashflow situations because of the high monthly payments for those loans. Even if onespassive income is enough to cover the monthly payments for those loans, imagine if something happened and the monthly income of ones investment properties were affected, suddenly...

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Skills You Need To Learn In Your Job

know most of us are working nowadays. Most of us start with the E-Employee Quadrant and the main source of our income are our jobs. Robert Kiyosaki suggested that if you are working, you need to be experienced in three essential skills to become financially free. These three skills are LEADERSHIP, MANAGEMENT and SALES AND MARKETING. Lets discuss it one by one: Leadership: Leadership is one of the most critical skill that you need to learn in your job. Most businesses fail because of lack of good leadership. Leaders are instrumental to the success of a business. Every companyis in search for the best CEO who will lead the business to success. One of the things that I learned is that the highest form of leadership is servanthood. We can distinguish a good leadervs. a bad leader: Agood leader is the one who serves his people while a bad leader wants to be serve. Agood leader is the one who empowers his people while a bad leader wants to have that power. A good leader wants his people to grow and become greater than him while a bad leader becomes insecure when someone grows becausehe always wantto be the greatest one. Management: To become financially free, you also need to learn the skill of management. Management involves two things; management of cash flow and management of business systems. To manage a companys cash flow properly, you have to know how to read financial statements.You need to take a deep thought on income statement. You have toanalyze sales and accounts receivable and expenses and accounts payable. If you can learn to run a business on the basis of the numbers revealed on its financial statements, youll be positioning yourself for success. To manage business systems properly, you have to understand that a company is a complex network of interdependent systems, everything from product or service development to computer systems to human resources. For the business to grow, all systems have to operate with maximum efficiencya leak in any single one can cause the entire ship to sink. Sales and Marketing: Sales and marketing is the last thing that you should need to learn in your job if you want to become financially free. To be good in sales and marketing, you have to learn how to communicate effectively. If you cant speak or write well, you wont convince people that your product or service is worth buying. Remember that you need to work to learn something and not just to earn. If you want to become financially free, these are the skills that you should learn from your job. Original...

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Check out Rich Dad World and Powerpack!

Powerful tool for Rich Dad followers. Check it out!Share With a Friend | Rich Dad PowerPack Shared via AddThis See the original post here: Check out Rich Dad World and...

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Can you read yourself rich?

~ Mark Bridge ~ The economic crisis has prompted many people to seek help from personal finance books, with Amazon reporting a significant uplift in sales. Classics of the genre promise a quick route to riches, while recent examples, written since the start of the downturn, tend to be more cautious and realistic in their claims. Times Money has looked at the five bestselling financial self-help books at Waterstone’s and asked financial planners for their views on the key ideas, rating the books from one to five stars. All have a snappy style and are accessible to the novice, but some are considerably more helpful than others. Note that the recommended retail prices shown can be beaten easily. All the books are selling at a discount at Amazon, and the fifth, by Richard Templar, is half price at Waterstone’s. Rich Dad, Poor Dad by Robert T. Kiyosaki Sphere, £8.99 This 1997 book, the centrepiece of the author’s self-help empire, tells the perhaps allegorical story of two fathers: Kiyosaki’s own and his best friend’s. The former, poor dad believed in working hard for a company and keeping “secure”. He died penniless. Rich dad chose to own businesses and boosted his income “passively” by investment, becoming one of the richest Hawaiians and leaving tens of millions of dollars. Kiyosaki admires the “positive-thinking” guru Napoleon Hill (see below) and touts mantras such as “I choose to be rich and I make that choice every day”. The focus is on getting rich, rather than being comfortable. He explains that his “personal basis” is property. Expert’s verdict Zac Ghadially, of Yellowtail Financial Planning, says: “Building an investment income stream can work, but not for everyone. Also, we are advising people to scale down on property at the moment — to use it to meet their life goals, but not as an investment.” Times Money rating (out of five): 1 star How to be Smart With Your Money by Duncan Bannatyne Orion, £12.99 This new book has the advantage that it was written for a British market with the credit crunch in mind. It offers a comprehensive guide to earning, spending, borrowing, investing, saving and budgeting — with sections on choosing a savings account and buying a car, for example. It also has a list of questions to ask when shopping for a loan. There is no get-rich-quick carrot or big “secret” to success. Bannatyne takes a more cautious line than Kiyosaki, writing, for example, that “the golden rule of investment is to spread your risk” — a strategy dismissed by the American as for people who “go nowhere”. He emphasises that readers should stop...

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Sites That Foster Good Money Skills

By Janet Bodnar It’s a challenge for adults to create a financial Web site for kids that offers age-appropriate information and is entertaining enough to hold their attention. To mark National Financial Literacy Month, I’d like to mention a few that are worth a look. For elementary-age kids. Meet the “Centsables” (www.centsables.com). They’re six super-hero friends — named, fittingly, Franklin, Jackson, Grant, Hamilton, Penny and Suzie B. — who live in Centsinnati and can “grow to gargantuan height, run like the wind, and control the elements.” And they do it all in the service of giving kids super money-management skills. Mark DiPippa, president of Norm Hill Entertainment and creator of the project, has ambitious plans to produce it as an animated TV series. For now, kids can enjoy the Centsables online in a series of games and comic books. The target audience — children ages 6 to 11 — can probably handle the activity pages and comic books on their own. Younger children may need a hand from parents to navigate the lessons, which include “How kids earn money” and “Taking stock of the market.” For middle- and high-school students. CareerForward is a free, innovative online program developed by the Michigan Department of Education, Michigan Virtual University and Microsoft’s Partners in Learning unit. The curriculum is designed to take about 20 hours to complete and may be directed by a teacher (Michigan requires all students to have at least one online learning experience before they graduate), a volunteer or an interested parent. CareerForward isn’t focused exclusively on financial education. But there’s a unit on managing money, including lessons in budgeting and a salary calculator for future jobs. What I like about the program is that it gets kids thinking about what they’d like to do beyond high school — the education and skills they’ll need to earn a living in the global workplace. And that, after all, will determine how much money they’ll have to manage and what their standard of living will be. For college students. Though not an interactive Web site per se, the “Playbook for Life” guide may be downloaded or ordered at www.playbook.thehartford.com. Originally developed by The Hartford insurance company in conjunction with the NCAA, the idea was to educate student athletes about the importance of financial planning. But the lessons are equally valuable for all college students and young adults, with sections on purchasing a house, buying (and maintaining) a car, saving for retirement, buying insurance and paying taxes. And when your kids are ready to go out on their own, there’s a lot of useful information at Kiplinger.com in the Starting Out section....

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Game of Money – Four Quarters of Life

Life is like a game of chances. You can win or you can lose. Everyday, we are faced with challenges, which can either lead us to become a winner or a loser. Learning financial literacy is essential to increase your chances of winning the game of life. Consequently, it is best to play the cash flow game to gauge how well did you grasp the concepts in winning the game of money. Recently, I watched another video again of Robert Kiyosaki as now he talks about the so-called Game of Money where he described the four quarters of financial life dividing it into 10-year horizons and asked, “at which age will you win the game of money?” Let’s view the four quarters of life with some inputs so that we know how will we win the game of money and retire as young as we can be. 1st Quarter (25-35 years old) – By this age, you’re probably done with your college education. Most of us start our careers when we land on our first quarter of life. We want a high-paying job, buy a car, have our credit cards and enjoy life. While many of us just want to enjoy life after graduation, it is advisable for us to: Savings should be our top priority. When you receive your paycheck, take out a certain amount and deposit it in a savings account. Once you accumulated enough savings, transfer the bulk of it into a higher yielding deposit account. Compound interest will help it to earn more interest. Get Insurance. Get insurance especially if you now have family and kids to support with at this age. The higher and the healthier you are, the cheaper insurance costs will be. Learn Investment Options. Think of investment options where you can invest your extra cash. You can invest it in stocks, mutual funds, real estate, bonds, etc. Start to educate yourself financially. 2nd Quarter (35-45 years old) – By this age, you are probably at the top of your career and definitely earning much more. But this quarter may also be the time when you’re starting to have your own family so that also means higher expenses. It is advisable to: Plan for children’s future. You are now working not just for yourself but also for your children. Plan for your children’s future by getting an educational plan or open a time deposit that’s under your children’s name and deposit an amount into it regularly. Make sure you have enough for your emergency fund. Emergency fund is amount totally dedicated to emergency expenses such as health problems, etc. A good amount...

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