Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

#

Glenn Beck sits down with Robert Kiyosaki

Glenn Beck sits down with Robert Kiyosaki, of Rich Dad Poor Dad, and many other mega financial book best sellers. They talk about cash flow, the 5 G’s, Gold, Guns, Grub, Ground, Gas. They also discussed the future of America if the Constitution will survive, possibility of a 2nd Civil War…Very uplifting! But very...

Read More

Who Took My Money – Robert Kiyosaki Audio book

People either love Kiyosaki or think he’s a charlatan. This isn’t his best book but its a solid addition to the series. I’d rank 3rd below “Rich dad, Poor Dad” and “Cashflow Quadrant”. More than in any other of his books he gets into HOW to get rich. But this isn’t the best part of the book. The best part is the first part which explains why 401Ks can be lousy investments. I started contributing to a a tax deferred annuity seven years ago. I noticed that seven years late there is LESS money in it than I contributed to it. Ditto for my pension fund. Kiyosaki goes over the reasons 401Ks and similar deferred accounts may not be good investments: 1) They aren’t guaranteed. 2) a 5% or 10% return is actually pretty lousy. 3) 401Ks are TAX DEFERRED, which means you actually pay MORE taxes when you retire, assuming you made money. 4) The standard lines about the stock market going up an average of (insert %) per year is a sales pitch. Some companies go out of business and the Dow can flatline for a decade or more. Kiyosaki then explains a phenomenon which even his detractors have to admit is true: people tend to think 401Ks and mutual funds are SAFER investments than business and real estate. Try going to your bank and asking for a 100k loan to buy a piece of income-producing real estate. If you have good credit the answer will likely be “yes”. Now try borrowing 100k to buy a mutual fund. The bank’s answer will be laughter. That’s because mutual funds are DANGEROUS! Kiyosaki’s answer is to start your own business, use the proceeds to invest in income producing real estate and invest the cash flow into paper and other assets. This is the same as what Warren Buffet does. It’s not easy but in the long run its safer and potentially more profitable. Now, I wouldn’t recommend anyone to stop contributing to a 401K. Especially novice investors in their early 20s. But for people who already own their own business or a piece of income producing real estate, this book gives you a lot more options. Another fascinating thing he points out that’s true: workers stealing money from themselves. I’ve been reading the financial pages for this week (June 6, 2005) and read the news that GM will lay off 25,000 workers. The stock, of course, jumped up in anticipation of higher earnings. A large number of those workers probably have some of their 401K money invested in GM. So their retirement money will be determined by the stock...

Read More

Robert Kiyosaki & Kim Kiyosaki on stage – Lessons from Rich Dad Poor Dad

Best known as the author of Rich Dad Poor Dad — the #1 personal finance book of all time — Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes the world needs more entrepreneurs. With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial...

Read More

Robert Kiyosaki – I Don’t Trust the Financial System, But I Do Trust Gold!

Financial expert Robert Kiyosaki points out, “The rich are getting richer than ever before, but the middle class is shrinking . . . . Both Obama and Romney promised to save them, and when politicians promise to save your butt, you know your butt is gone.” Kiyosaki, author of the mega best seller, “Rich Dad/Poor Dad,” goes on to say, “If you trust Obama or the Republicans or the Democrats, then you don’t need to buy gold. But I don’t trust them. I don’t trust Bernanke. I don’t trust the financial system, but I do trust gold. So, it’s not in God I trust, it’s in gold I trust.” Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Robert...

Read More

The Importance of Capital

In this speech, investor, businessman and author of the personal finance book series ‘Rich Dad Poor Dad’ Robert Kiyosaki discusses the number one skill an entrepreneur can have in today’s economy. He sees being able to raise steady cash flow as the most valuable and beneficial skill in business today. Discussing the success of his own business, namely his book series and brand ‘Rich Dad Poor Dad,’ Robert Kiyosaki explains how to design a business that is capable of raising its money automatically, without any input from the entrepreneur behind a company or business. According to Robert Kiyosaki, sophisticated investors will only invest in well-designed businesses. Well-designed businesses will run on a model that boasts numerous sources of incomes and assets. It is necessary that a business have sources of income outside the entrepreneur who created the company in order to be successful and...

Read More

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....

Read More

Rich Dad Poor Dad by Robert Kiyosaki – Listen to the Complete book

Rich Dad, Poor Dad chronicles the story of Robert Kiyosaki’s two dads, his own father, who was the superintendent of education in Hawaii and who ended up dying penniless and his best friends father who dropped out of school at age 13 and went on to become one of the wealthiest men in Hawaii. Robert Kiyosaki uses the story of these two men and their varying financial strategies to illustrate the need for a new financial paradigm in order to achieve financial success in the new...

Read More

younique Gold Tribe – younique Business Opportunity with Gold & Silver

younique Gold & Silver – A Business Opportunity for building gold and silver reserves and earn a monthly residual income, month after month. Learn more at younique Gold Tribe – gold and silver business...

Read More

Bad News For The Fed and IRS – Conspiracy of the Rich

Bad News For The Fed and IRS This month, Utah became the first state in the country to legalize gold and silver coins as currency. So what does this mean to you, me, the Fed, IRS, and the world? To understand the significance of Utahs actions, you need to understand the definition of the word currency. As strange as it may seem, governments determine what they think money is. For most of us, money or currency is the paper in our wallets. It only has value because governments have the power to declare paper to be money. In 1933, President Franklin Roosevelt made owning gold illegal. The president declared that money now was paper. The key to this scheme working, is the government only accepts its own paper as money. You cannot pay your taxes with gold or silveronly official government paper. To make sure we only used paper the government imposed a very high capital gains tax of 28% on gold and silver. That means, if you bought gold or silver for lets say $10 and it increased in value by $10, the government would tax you $2.80 for your gains, even if you held the gold or silver for several years. A 28% tax is nearly 100% higher than long-term capital gains tax of 15% in the US. For example, if I bought a stock for $10, held it for a year, and sold it for $20, my tax would be $1.50 on my gains. One reason why I like real estate, better than paper assets or gold and silver, is I can be taxed 0% on my gains. In fact, if I use the tax laws correctly, I receive money back from the government. In other words, rather than be taxed for $10 gains, I often receive additional money, a payment from the government rewarding me for making money. For example, not only do I receive my $10 gain, I receive an additional $2 from the government for doing what the government wants me to do. Please read my latest book Unfair Advantage The Power of Financial Education to better understand how entrepreneurs and real estate investors use the tax law to receive payments from the government. In this book, my tax accountant and Rich Dad Advisor, Tom Wheelwright does a better job of explaining this tax strategy. He explains that real estate is one of the few investments where not only can you legally escape tax on your gains and your cash flow (rents), you can actually receive tax deductions against your other taxable income. So if you have $10 of cash flow from...

Read More

Money Is Repelled By A Poor Self-Image

When you hold a poor image about you and money, it’s almost impossible to attract enough of it into your life. And even if you have used your talent and enormous energy to earn some big money, a poor image will do everything it can to sabotage your wealth (there are a number of well known athletes and celebrities who are proving this principle right now). Here are some beliefs that are common to those with a poor money image: “I can’t ever seem to get ahead.” “It takes money to make money.” “Most people who have lots of money got lucky.” “I’m not worthy enough to be wealthy.” “I don’t have what it takes to make a lot of money.” “I’ve never been good at managing money.” “To earn more money, you have to sacrifice everything.” And there are many more. I had most of those beliefs myself thirteen or fourteen years ago when I didn’t have any money. So I know they’re very real beliefs for a lot of people. When it comes to money, most people believe it will take a struggle to ever have any. The truth is, as Bob Proctor teaches, “you were born rich.” You literally possess, right this moment, everything you need to be wealthy beyond your imagination. You’re just not conscious (aware) of it right now. I’ve had the great honor to speak on the same stage with Bob a number of times. It’s always very exciting to watch the looks on the faces of the audience as they listen to Bob. People have told me they’ve never heard anyone explain money and wealth the way Bob does. On one occasion I remember an audience member that Bob interrupted as he was describing himself as “hard working.” Bob asked him why he wanted to be “hard working,” because creating wealth has nothing at all to do with working hard. The audience member grew speechless as it dawned on him what Bob was talking about. His response was just as memorable as the gentleman who participated in the first-ever You Were Born Rich Tele-Seminar we did with Bob. He said, ‘For all my life, and I’m pushing 70, I’ve had a poor image as far as money is concerned. I grew up in a very tight home and your seminar has led me to think I can earn five thousand a week. And already things are coming to me just like you said. They’re coming to my mind, how I can begin doing that…” And he wasn’t alone....

Read More
Page 1 of 15123...10...Last »