Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki


How to Become a Capitalist

The difference between traditional and financial education
Over the last couple weeks, all across our country, school has been starting for American youths. The start of school is a hectic and exciting time for parents, and a proud one. All good parents want to give their children an advantage in life, and the conventional wisdom is that doing well in school is one of the best advantages you can give a child.

Rarely, however, do we stop and ask, “Why?”

Read More

Financial Literacy Video with Robert Kiyosaki – Live

A Financial Literacy Video with Robert Kiyosaki 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. Why We Want You to be Rich: Two Men – One...

Read More

Donald Trump & Robert Kiyosaki – The Power of Debt

Two of the world’s toughest financial survivors share their stories and insights on adversity, respect, debt, keys to success, and more. Although they’ve followed distinctly different paths to wealth, Robert Kiyosaki and Donald Trump share a common passion for raising financial literacy around the world. Trump is the consummate deal-maker. Kiyosaki is the consummate educator. Each of these two financial titans has learned in his own way how to turn the lessons of success and failure into a better understanding of money and how it really works. As friends and collaborators in life and business they’ve taken on a shared mission to teach others how to survive and thrive in tough...

Read More

Financial Literacy For All – Assets & Liabilities

In Accountancy an asset is defined as “a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity.” A liability also defined as ‘present obligation of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits”. These are the classroom definitions and technical for those in the Accountancy field and these definitions are mostly related to assets owned and liabilities owed by corporate entities. Human beings, as we are, we also have personal assets and liabilities and we can define them in our personal ways that would give us better understanding. This would help us take proper personal financial decisions. Now let’s look the definitions given by one renown American Entrepreneur, Writer and Teacher, Robert Kiyosaki. Roberts defines an asset “as anything that puts money into your pocket and a liability as anything that takes away money from your pocket”. Robert’s definitions are great and relate to our daily lives, because as human beings we make, spend or waste money every day and we need to know the differences between assets and liabilities are. When we spend money, we should spend it more greatly on assets and very less on liabilities. Whether it is personal or corporate expenditure, the quest should be to spend more on buying assets rather than wasting the little funds on liabilities that drain us and our organizations financially. Some assets to buy are: Hotels, hostels, hospitals, guest houses, office complexes, schools, colleges, churches, universities that bring money home Pieces of land to sell later for more cash Building houses and rent them out or sell them for more cash Pharmaceutical shops for sale of drugs, shopping malls, sheds, stores, warehouses, that bring money home Taxes, buses, trailers, articulated trucks, aero planes, ships, trains, that bring money home Build companies in any industry that will bring more money home Treasury bills, fixed deposits, call accounts, mutual funds, unit trusts, real estate investment trusts (REIT) these can bring more money home Specific assets that will defer tax payment for your organization Diamond, gold, and other available minerals whose value will appreciate depending on the world market price to bring more money home Farming-cocoa, cotton, coffee, onions, carrots, cabbage, lettuce, spinach, cassava, plantain, banana yam, potatoes, millet, sorghum, beans, maize, wheat, mangoes, guava, oranges, peas and avocadoes, pawpaw, watermelon, palm nut, coconut, shea-butter nut, all edible berries to sell for cash Constructions of dams, boreholes, wells, canals, lakes, swimming pools and others to rent out or even sell...

Read More

Rich Dad’s Escape from the Rat Race

How to Become a Rich Kid by Following Rich Dad’s Advice In Rich Dad’s Escape from the Rat Race, Robert Kiyosaki introduces a first in the Rich Dad series and that is a graphic novel. In this 2005 publication, again with the aid and support of Sharon Lechter, Robert Kiyosaki expresses the philosophies and concepts of Rich Dad directed towards the youth in this new and fun graphic novel. Featuring cute animal characters, this book identifies with children and helps them at a young age learn the importance of a financial education. Once again stressing the need for financial literacy, Robert Kiyosaki teams up with acclaimed artist Rantz Hoseley, the Rich Dad team creates a brand new, uniquely different approach for learning about money. Rantz Hoseley is known as a comic book artist but as of late, he has been working on his own comic strip as the creator, writer and artist of Death March as seen of being a leader in the gaming community, Rantz Hoseley’s success in his own goals and ambitions compliments well with Robert Kiyosaki’s vision and together they have created a truly dynamic learning experience for children. Get your copy here – Rich Dad’s Escape from the Rat Race: How To Become A Rich Kid By Following Rich Dad’s...

Read More

Rich Dad’s Rich Kid, Smart Kid

Giving Your Children a Financial Head Start  Published in 2001, Rich Dad’s Rich Kid, Smart Kid is a book designed to teach kids the lessons learnt from Rich Dad, Poor Dad, again co-written by Sharon Lechter. In a shorter, more condensed version of Rich Dad, Poor Dad, Rich Dad’s Rich Kid, Smart Kid is a guide to help parents better understand the lessons learned from Rich Dad, Poor Dad, so they can better teach and pass on these lessons to their children. Rich Dad’s Rich Kid, Smart Kid stresses the point that financial literacy is something that is not learnt in school so it is very important for parents to pass on the right ideas concerning money to their children so that they can become successful in the future and enjoy the freedom of being financially secure. In Rich Dad’s Rich Kid, Smart Kid, Robert Kiyosaki provides tools and techniques that parents can use to pass on correct information while making clear distinctions between being accountable and independent on to their children.   Get your copy here – Rich Dad’s Rich Kid, Smart...

Read More

Seeking Basic Financial Education

On a sunny autumn Friday, Bader Bahmad and fellow members of a financial education seminar at the Fort Washington Public Library branch were discussing rudimentary principles, such as the difference between needs and wants. In a run-down conference room on the librarys deserted second floor, they talked about saving money. Asked to give examples of items they should save for, one woman mentioned a $7.99 blouse she saw earlier in the week and another said a pack of cigarettes. A talkative blonde said she has never saved for anything. Cheryl Hines of Cornell Universitys Cooperative Extension community program led the discussion. She provided handouts that explained the difference between short, medium and long-term savings goals; she offered tips for tracking money, like using a notebook to record expenditures. Bahmad, 39, found the seminar a bit basic, but she liked the reminders because she and her three children are supported solely by her husbands earnings as a taxi driver. She strictly limits spending on discretionary goods. In every hour of the day, if I dont need it, Im not doing it, Bahmad said. Badmads struggle is complicated. In Washington Heights where she lives, families are lucky to have a bank account. While 12 percent of Manhattan households dont have a standard checking account, 25 percent of African Americans and 27 percent of Hispanics in Manhattan the majority populations uptown live unbanked, according to a survey last year by Pew Charitable Trusts. In effect, they pay an average $1,042 annually in check cashing fees. Bahmad has been trying to make ends meet in the U.S. for close to 15 years. An immigrant from Lebanon, she used to sew scarves and dresses for stores in Brooklyn and Manhattan. When she returned to her home country three years ago to be closer to her family, leaving her husband behind in New York, she sold her sewing machines. But the distance strained her marriage, and Bahmad returned to New York after two years. Here youre missing something, over there youre missing something, she said. Now back in America without a job, Bahmad is looking for financial advice. As a start, she attended the free seminar at the Public Library. Instructor Milly DuBouchet, who teaches similar classes in Washington Heights, finds it hard to address intricate financial problems because her audience has never had the means to save money. Its hard for them to save 10 percent of their income monthly when they cant necessarily pay their phone bill every month, she said. Financial literacy is at a bare minimum in our community. To help, the Bloomberg administration created the Office of Financial...

Read More

Can We Afford It?

This may be a simple question for you to answer but its one thats plagued me ever since I got married 22 years ago. Therealdifficulty answering this questioncame to light when my daughter and Ibought tickets to see the Dodgers who will beat theMarlins thiscoming Saturday. We arentbig baseball fans.we dontreally care who wins..but we havefun when we go out to a game. Usually, thats only once a year at most. This ticket purchase expedition confirmed that either my memory is fading or ticket prices have skyrocketed. I was shocked at how high the prices were for decent seats. In any event, when my daughter and I were looking for seats and she saw how high the prices were, she asked me if we could afford it. I must tell you that I was very happy that she even thought of asking this question. I was relieved knowing that I had raised, in effect, a frugal Frankle! A Mini Me if you will..   But I digress.. Truth be told, when my little darlin asked me this question, I really didnt know how to anwer her. I explained that we had enough money to buy tickets to the game even though they were expensive $65 each. I explained that we had money to send her to college and we had the money for my wife and youngest daughter to visit family overseas. But I went on to say that just because we had the money to do it, didnt mean we could afford it. It was at this point that my daughter started rolling her eyes wishing she were back home watching re-runs of Law and Order. Right or wrong, I saw this as a teachable moment so I forged ahead. I told her the amount of money we need to save in order for my wife and I to retire someday. I told her how far along the path we were and what we needed to save each year in order to reach those goals.Given the recent drop in the market and how thats impacted everyones income and wife and I willboth be working for quite a few years to come. So when she asked can we afford those tickets the answer seemed complicated to me. We had the cash to buy the tickets we wouldnt go in debt in order to see the Dodgers trounce their Floridian foes. But could we afford to spend $130 (plus parking and refreshments) for one night on entertainment? Is it the best use of that money? Wouldnt it be better to use that money towards our bigger...

Read More

Turning One Red Paper Clip into A House

Money is a Handicap Most people assume that one needs money in order to invest. Robert Kiyosaki and Wayne Palmerknow that money can be a handicap because it limits your thinking. When money is involved, people focus on how much money something is worth. Without money in the equation, the entire focus moves to value. When we focus on value we can create exchanges where all parties come away feeling like they got more than they gave. The convenience of using money can also stop you from thinking creatively. Training your mind to solve problems without money is a skill that is truly priceless. Watch this video and be inspire by how one creative young man turned an ordinary red paperclip into a house: Source:Turning One Red Paper Clip into A...

Read More

6 Strategies To Get Rich

In my pursuit for further educating myself when it comes to achieving financial freedom, I enrolled myself in a free online coaching in the Rich Dad Poor Dad lessons of Robert Kiyosaki. In one of the chapters of the e-learning that Ive been reading, Robert Kiyosaki suggested the Rich Dads Get Rich Strategies in which he used to get out of the rat race and become a business owner and investor. I would like to share it all to you my readers so we can also use it to achieve financial freedom just like what Robert Kiyosaki did: STRATEGY 1: Become financially literate. The number 1 strategy to get rich is to become financially literate. Financial literacy is not always taught in schools. It requires proficiency in several areas: economic history, accounting, taxes, investing and building businesses. These are difficult subjects but dont let the difficulty scare you. Becoming financially literate has nothing to do with how far you got in school. It doesnt matter whether youre a failure in school, a jeepney driver, a janitor, or an executive of the company. What matters most is that youre willing to educate yourself. One of the things that I learned about financial literacy is on cash flow patterns. Based on these cashflow patterns, you would be able to determine if you belong to poor, middle class or rich persons. Kiyosaki compared people with average financial intelligence vs. people with advanced financial intelligence: People with average financial intelligence know only: Bad debt, which is they try to pay it off. Bad losses, which is why they think losing money is bad. Bad expenses, which is why they hate paying bills. Taxes they pay, which is why they say that taxes are unfair. Climbing the corporate ladder instead of owning the ladder. Buying shares of a company rather than selling shares of a company they own Investing only in mutual funds or picking only blue-chip stocks People with advanced financial intelligence know the difference between: Good debt and bad debt Good losses and bad losses Good expenses and bad expenses Tax payments and tax incentives Corporations you work for and corporations you own How to build a business, how to fix a business, and how to take a business public The advantages and disadvantages of various investment vehicles: paper securities, real estate properties, and businesses STRATEGY 2: Work to Learn Most people focus on working for pay that rewards them in the short term; over the long term, this strategy can be disastrous because it doesnt build up enough assets for a stress-free retirement. Youre not sure if your employer will be...

Read More
Page 1 of 7123...Last »