“The main reason people struggle financially is because they have spent years in school but learned nothing about money. The result is that people learn to work for money. . . but never learn to have money work for them.” Robert Kiyosaki

The #1 New York Times Bestseller “Rich Dad, Poor Dad” is a story about the money lessons that Robert Kiyosaki learned from his two dads, his biological father, who was his poor dad, and his best friend’s father, who was his rich dad. Poor dad was a Ph.D. and held a very important government position, but he never had enough money at the end of the month and he died broke. Rich dad dropped out of school at the age of 13 and went on to become one of the wealthiest men in Hawaii.

“Rich Dad, Poor Dad” is a must-read for anyone looking to develop a rich person’s financial programming and mindset. The first important lesson this book teaches is the following: Don’t work hard for money; instead, have money work hard for you.

Kiyosaki explains in his book that there are three types of income:

• Earned income

• Passive income

• Portfolio income

Poor dad taught his son Robert to go to school, study hard, and get good grades so that he could find a secure job that would pay him a good salary and give him excellent benefits. That is, he advised him to work for earned income, or to work for money. However, there are several problems with this strategy. First, income streams from a salary are linear: you only get paid once for your effort. If you stop showing up for work, you stop getting a paycheck. It’s like being on a treadmill. Second, earned income is confined to the amount of time that you work, and time is a limited resource. Therefore, there’s a limit to how much earned income you can make. And third, earned income pays the most taxes.

Passive income is income that does not require your direct involvement. You make a strong initial effort to get this type of income started, but then you do minimal work thereafter to keep it going. It can be income derived from royalties–for example, you write a book–, from patents–you invent something–, income derived from real estate, and so on. Brian Lee at geniustypes.com swears by bulk candy vending machines to create passive income. There are many ways to create passive income and the key is to be on the look-out for passive income producing opportunities.

Portfolio income is generally derived from paper assets such as stocks, bonds and mutual funds. Bill Gates is one of the four richest men in the world because of portfolio income, not earned income. That is, he’s rich because of the stock that he owns, not because of the salary he earns. One of the many benefits of portfolio income is that paper assets are easier to maintain than other types of assets.

Another way to think of passive and portfolio income is as residual income.

With residual income you work hard once, and it unleashes a steady flow of income for months or even years. You get paid over and over again for the same effort. That is, you get paid multiple times for every hour of work and the stream of income continues to flow whether you’re there or not. Therefore, you can spend your time doing things other than working for money. In addition, how much money you make is not determined by how many hours you work, but by how many residual streams of income you create.

Rich dad would say to Robert: “The key to becoming wealthy is the ability to convert earned income into passive income and/or portfolio income as quickly as possible.” Start looking for opportunities to create passive and portfolio income and develop a disciplined, well-planned strategy for your money.

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YOUnique Wealth & The Wealth Plan For Every Man

Click to Watch Bob Proctor’s Video





YOUnique Wealth has just released (February 2010) a powerful new and very exciting wealth plan called the Wealth Plan For Every Man that anyone that is desiring to create substantial financial change in their life can plug into and easily create rapid change for their life.

What Is YOUnique Wealth?

Unlike most wealth creation company’s that are designed more to make the owners of the company wealthy, YOUnique Wealth was designed explicitly for you, to place in your hands a wealth creation tool that works for people who DO NOT have access to the knowledge or systems that are required for real wealth creation. YOUnique Wealth has a powerful wealth creation plan called the Wealth Plan For Every Man™. Absolutely anyone can use this plan to change their long term financial future, without the risk and fear of investing in shares, real estate or traditional brick & mortar business in a fragile economy such as we currently have.

Watch This Powerful Video Presentation

You Are Just Moments Away From Getting Your Hands On The Exact SAME System & Sales Funnels That I And Other Entrepreneurs Use to Generate Multiple 5 & 6 Figure Incomes Each And Every Month…

You see, making money online, and building your network marketing business is actually quite simple… when you finally figure it out. When you finally put all of the pieces together. Success in the business world really comes down to just a couple of really simple things. And I realized very quickly that the people who were having real success truly understood these “few things” and simply went out and applied them on a massive scale. When you have a Proven Product, effective sales funnels and the ability to attract targeted traffic to your business… you have the formula for creating unlimited profits and abundance in your business… all on virtual autopilot! I know you probably won’t believe it just yet… but making money online or offline is so incredibly easy when you get these “few simple” things just right. The YOUnique^TM Wealth Systems is a revolutionary, cutting edge solution for YOU to not only Generate The Highest Quality Targeted Prospects to grow your business, but also to position YOU as an industry LEADER, to crank out immediate profits into your business and explode your primary business like a Top Producer on steroids. Our system is so UNIQUE and so POWERFUL because it is unlike any other business system available to you today. You see, we’ve tried all those other systems. And don’t get me wrong, there are some absolutely incredible systems that we personally promote… HOWEVER… what we found was that most of those systems simply do not offer the most important elements you need in a truly effective system:

Most systems do NOT:

• Target the RIGHT prospects
• Allow for any customization
• Promote and brand YOU as the leader
• BUILD YOUR LIST
• Allow you to profit from multiple income streams
• Allow you to promote your primary business on auto-pilot
• Allow for complete control over your email messages

So what did we do?

When we set out to create The YOUnique^TM Wealth Systems, we designed it exactly the way we would want to have it. In fact… we actually designed it first for us to use. You see… initially we weren’t even thinking of offering this to the entire industry. In fact, we’re still not really sure how many people we’re going to allow to use this. We just went out to create a marketing system and sales funnels to build a business. We designed it specifically to have all of the very important elements that we KNOW are critical to have if you are going to have your own killer system.

We knew that our system had to:

• Target the absolute hottest prospects
• Allow for customization and uniqueness to stand out in the market place
• Brand YOU as the leader
• Build YOUR list not someone else’s
• Include sales funnels that would create multiple sources of ongoing income
• Include customization to promote primary business opportunities seamlessly
• Allow for customization and control over email messages

Watch This Video

To Learn Why We Created The Younique^TM Wealth Systems AND Exactly HOW It Will Help You Build Your Business

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Robert Kiyosaki – The Rules Of Money Have Changed!

Rich Dad Poor Robert Kiyosaki reveals the truth about the financial condition, the worthless paper money scam, the real estate crash and his 2010 predictions.

In 1971 The Rules Of Money – Changed.

In 1974 The Rules Of Employment – Changed.

The ERISA of 401k Convinced Employees To Invest Their Future In The Stock Market.

On March, 2008 Robert Kiyosaki Spoke Out On Larry King Live Predicting The Fall Of The Financial Ginats.

On March 20, 2008 Robert Kiyosaki Urged People To Listen As He Predicted The Crash Of Real Estate. He First Predicted This In 2005.

Rich Dad’s Conspiracy of the Rich: The 8 New Rules of Money

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The Right Information…
At The Right Time…
From The Right People…

Click play to hear Robert Kiyosaki Audio Podcast on Gold Vs. US Dollar (Please wait a moment for podcast to load)

Leave your comments at the end!

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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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 them for more cash.

Liabilities by Robert’s definition: they don’t put money into your pocket

• Personal effects, TV set, home theatre, personal car that does not get maintenance and fuel allowance from the work side.
• All the things that would take away money from your pocket are liabilities.Any time, you have some money to spend, ask yourself whether you are going to spend on buying an asset or acquire a liability.

To be financially free now and in the future, we should buy more assets than liabilities.

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