Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

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5 Tips for Surviving Tough Times

1. Don’t Buy What You Can’t Afford We all want that designer sweater, leather handbag, or cute sports car, but most of us just can’t afford to make the purchases. There’s a simple solution to this dilemma. If you can’t afford it, don’t buy it. This is often the easiest point to understand, but it is one of the hardest to implement when all those goodies are staring you in the face and all your credit companies are telling you it’s OK. 2. If You Can’t Pay Cash, You Probably Can’t Afford It In our credit crazy world, amassing debt no longer carries a social stigma. Everybody has a car payment, a house payment and credit card payments. Well, remember what your mother said about everybody jumping off of a bridge? Just because “everybody” is doing it, doesn’t make it a good idea. Buying something you can’t afford now, especially when the economy is unsettled, can double the pain of paying later. For example, if you purchase a $450,000 home today and the market goes into a slump and devalues your home by $200,000, you will be paying the bank twice what the home has come to be worth. Just because it was easy to get the credit to buy that home, doesn’t mean it was the right time for you to buy in. 3. Paying Interest on Anything Makes Somebody Else Rich When you pay interest on a purchase, you are overpaying for that item for the luxury of getting to use it now. The simple act of paying interest means that the price you are paying to make the purchase is greater than the sale price of the item. You are giving away even more of your hard-earned money in order to own that item than the manufacturer thought the item was worth. For example, if you buy a car for $25,000 with a loan at 7% interest for five years, in the end, you will pay almost $30,000 for the car. Once you factor in depreciation, you’re left with a very cheap car that cost you thousands more than it should have. 4. If You Are in Debt, stop Spending Money Sometimes, such as when purchasing a home, the cost of the item is so great that you simply cannot afford to pay cash. This should be the exception rather than the rule. When it cannot be avoided, you need to close your purse and stop spending. Getting yourself further it debt doesn’t help your financial situation. Making a realistic budget in this case is the key to success. Once you know how much you’re actually...

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Vicki Lansky –  Toilet Training: A Practical Guide to Daytime and Nighttime Training
Aug11

Vicki Lansky – Toilet Training: A Practical Guide to Daytime and Nighttime Training

From The Oprah & Friends Radio Show with The Peetes, 7 August 2008 Toilet Training: A Practical Guide to Daytime and Nighttime Training by Vicki Lansky Helpful advice for parents explaining readiness plus practical hints to help your child reach this new level in the growing up process. The excellent section on bed-wetting covers possible causes, practical tips, disposable and cloth choices to help you deal with this laundry problem and information on alarms and drug therapy. And includes 32 page KoKo Bear book for your child. Customer Rating: Read Reviews Tags: Vicki, Lansky, Toilet, Training:, A, Practical, Guide, to, Daytime, and, Nighttime, Training, peetes Social Bookmarking Originally posted here: Vicki Lansky – Toilet Training: A Practical Guide to Daytime and Nighttime...

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Matt & Nat Avril Satchel

From O, The Oprah Magazine: Eco-Chic Fashions, March 2008 Matt & Nat Avril Satchel Made of all-vegan materials, the Avril from Matt and Nat combines a sophisticated design with double straps for carrying comfort. Great for work, this sleek bag boasts a sturdy man-made body, contrast stitching to catch the eye and convenient zipper closure. And the roomy interior easily holds all your daily must-haves. Full details Tags: Matt, &, Nat, Avril, Satchel, Eco-Chic, Fashions, vegan, handbag Social Bookmarking Credit:Matt & Nat Avril...

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eGo Waterproof Sound Case with Speakers for iPod
Aug09

eGo Waterproof Sound Case with Speakers for iPod

From The Oprah Winfrey Show: Favorite Things for Summer, 29 May 2008 eGo Waterproof Sound Case with Speakers for iPod Boasting a protective and portable all-weather design, the EGO 25906033 Sound Case expands the versatility of your iPod. Waterproof up to 3.3 feet, shatter-proof, spill-proof and resistant to corrosion by pool or salt water, the EGO has a crystal clear body and provides 30 hours of big sound with expansive bass. The shatterproof polycarbonate casing comes equipped with two speakers and exterior controls that are incredibly easy to use. Just place your iPod into the waterproof, sealed compartment, secure it with the snap-lock latch, and you’re ready to take your favorite music and videos with you. Customer Rating: Read Reviews Tags: , eGo, Waterproof, Sound, Case, with, Speakers, for, iPod, Social Bookmarking Here is the original: eGo Waterproof Sound Case with Speakers for...

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Lands’ End Large Zip Top Canvas Tote Bag

From The Oprah Winfrey Show: Favorite Things for Summer, 29 May 2008 Large Zip Top Canvas Tote Bag Features: * Batter-proof, 24-oz. cotton canvas * Reinforced, rip-resistant bottom and handles * Sturdier seams help Tote stand upright * Four pockets inside to help you organize Customer Rating: Read Reviews Tags: lands’, end, Large, Zip, Top, Canvas, Tote, Bag, summer, favorite, things Social Bookmarking Go here to see the original: Lands’ End Large Zip Top Canvas Tote...

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How to Declare Financial Independence
Aug07

How to Declare Financial Independence

  By BRETT ARENDS You’ve eaten the hot dogs. You’ve watched the fireworks. Now it’s time to declare another kind of independence — your own. If you’re like most Americans, you haven’t been free in a long, long time. Instead you’re in chains. You’re manacled to dozens of monthly bills you can’t seem to escape. Mortgage payments. Car payments. Credit-card payments. Cellphone, landline, cable TV. TiVo. You name it. Thousands of dollars. Call them tribute. Or tithes. Who’s really free here? Our Founding Fathers probably would have thrown their cable boxes into Boston Harbor. But then, they ranked liberty ahead of the pursuit of happiness. Take a look at the chart. Maybe it should become our new national symbol. It shows how much more we owe than our parents did. In 1976, around the time of the bicentennial, the average family of four owed about $56,000. That’s in today’s dollars, after accounting for inflation, and includes mortgage, credit cards, car loans and the like. The figure now? Oh, about $185,000. Gosh, it’s just amazing we have a credit crisis, isn’t it? Of course it must be somebody else’s fault. Insert conspiracy theory here: [   ] But instead of blaming other people for our problems, or looking to political candidates to solve them for us, maybe we could start by looking a little closer to home. Do we really need the Super Duper Every Movie Ever Made cable package? All those meals out? The endless trips to the salon? The supersized caramel double iced latte with extra whipped cream every day on the way to work? Really, how lazy we are. Could there be anything easier in the world to make at home than an iced coffee? It isn’t just the big bills that are shackling us. It’s all the little ones. They add up. If we cut just one dollar a day from our budgets and saved the money instead, in thirty years we’d have…. about $26,000. Yep. That’s assuming we earned about 5% after inflation on our investments – a reasonable assumption, but not a heroic one. Twenty six thousand bucks.That’s in today’s money. If you’re not maxing contributions to your 401(k) plan, it’s even more because of the tax savings. Try $34,300. That won’t buy complete freedom. But it can’t hurt. Read more: How to Declare Financial...

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Save Money ?Rich Dad, Poor Dad? Style
Aug03

Save Money ?Rich Dad, Poor Dad? Style

I learned a lot from the Rich Dad, Poor Dad book. Robert Kiyosaki is a great entrepreneur and really knows how to teach how to make money and save money. This article will teach you how to save money “Rich Dad, Poor Dad” style. The main premise the Kiyosaki’s Rich Dad, Poor Dad book is that you need to stop thinking like an employee and start thinking like an owner. One of the first steps in this process is to make you money work for you. To often people keep their savings in a traditional savings account. However, they could be earning higher interest on that money be investing in a high interest savings account, high yield cds, high interest money market accounts, or stock or bonds. Any of these option typically pay better than the tradition brick and mortar bank savings account. While Kiyosaki spends most of his book talking about how to increase your earnings, he also explains how passive income and compounding interest rates really help you to save money. By developing passive income streams you can allow today’s effort to pay of big time even when you are not actively working it in the future. Developing passive income streams is the true way to start building a business. Unlike a 9 to 5 job, a passive income stream can make you money even while you are not working. Once you earn money however, you also have to be reinvesting that money into other stream of income. This could be a high interest savings account or high interest money market accounts. This money could also be invested into growth stock, dividend paying stocks or bonds. This type of investment will often give you a higher return on investment than a high interest rate savings account. However, you lose the security of FDIC insurance when you invest in stocks and bonds. So, in order to save money “Rich Dad, Poor Dad” style, you need to be focusing on earning money, developing passive income streams and growing your savings through investing it in high yield investment vehicles. This is the key to Robet Kiyosaki’s money saving system. Everyone needs to be focusing on these concepts throughout their lives. You need to start thinking like an owner not an employee. Excerpt from:Save Money ?Rich Dad, Poor Dad?...

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Daniel Solin – The Smartest 401(k) Book You’ll Ever Read

From The Oprah & Friends Radio Show with Jean Chatzky, 21 July 2008 The Smartest 401k Book You’ll Ever Read: Maximize Your Retirement Savings…the Smart Way! by Daniel R. Solin The guide readers need to retire richer—from the international bestselling author of The Smartest Investment Book You’ll Ever Read. In this thought-provoking and innovative new book, bestselling author Daniel R. Solin takes issue with the commonly held belief that participating in defined contribution retirement plans is a “no-brainer” because of the employer match. While providing readers with comprehensive, accessible information on the most common deferred compensation plans, annuities, and other retirement-based investments, he shows the 70 million participants currently in those plans how to create the best portfolio with often limited options. In his straight-forward, no-nonsense style, Solin offers the new rules for investing for retirement and shows readers how to quickly and simply determine their own needs, get control of their assets, avoid scams and sucker bets, discover untapped resources at retirement, and eventually get income out of tax deferred plans—the smart way. Customer Rating: Read Reviews Tags: Daniel, R., Solin, The, Smartest, 401(k), Book, You’ll, Ever, Read Social Bookmarking Read more from the original source: Daniel Solin – The Smartest 401(k) Book You’ll Ever...

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Roll Up Shoulder Strap Beach Mat – Light Pink

From O, The Oprah Magazine: The ‘O’ List, July 2008 Roll Up Shoulder Strap Beach Mat – Light Pink * Hand woven roll-up beach mat is light and convenient for comfortable days at the beach * Measures just 5-in in diameter by 24-in long when rolled up * Fabric ties with velcro keeps mat rolled up when not in use. Convenient Shoulder Strap for easy travels * Unrolled measures 24-in x 56-in. Soft ribs provide soft cushioning while allowing air to flow through – keeps you cool even on the hottest of days * Other colors available – Search for “roll up shoulder strap beach mat” to view all. Full Details Tags: Roll, Up, Shoulder, Strap, Beach, Mat, –, Light, Pink, creative, living Social Bookmarking Read more here: Roll Up Shoulder Strap Beach Mat – Light...

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Peter Johnston – Negotiating with Giants
Jul22

Peter Johnston – Negotiating with Giants

From The Oprah & Friends Radio Show with Jean Chatzky, 10 July 2008 Negotiating with Giants by Peter Johnston HOW DO YOU NEGOTIATE WITH WAL-MART? With America’s President over going to war? An improved education for your kids? A cleaner environment? An ethical issue with an intimidating boss? An unequal personal relationship? A Super Bowl victory for a team of losers? A capital infusion for a struggling start-up? Better healthcare for your family? The return of stolen treasure, lost rights or a canceled credit card? Your survival if you’re taken hostage by an armed killer? IN THIS PIONEERING BOOK, NEGOTIATION EXPERT PETER JOHNSTON surprises us with answers to these far-flung questions, laying out unique strategies and concrete steps we can all use to handle the growing number of giants in our personal and professional lives. As readers, we travel across time–through riveting, real-life stories–uncovering the secrets of successful smaller players so we, too, can get what we want against the odds. Customer Rating: Read Reviews Tags: Peter, Johnston, , Negotiating, with, Giants, oprah, winfrey, jean, chatzky Social Bookmarking Here is the original: Peter Johnston – Negotiating with...

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