Robert Kiyosaki recommends MLM Home Based Business

Perhaps best known for his financial education products, Robert Kiyosaki wrote this latest book to praise the benefits of owning a network marketing business. Although Kiyosaki made his wealth traditionally, without the help of a network marketing business, he believes that these businesses are the wave of the future because they embody the new Information Age economy. He believes these businesses are a good way to begin your journey to become rich.

Rich Dad’s the Business School: For People Who Like Helping People (Second Edition)

Kiyosaki begins by reviewing the several ways that one may become rich. However, the path offered by his Rich Dad may be the most realistic and also hold the greatest profit potential. Rich Dad’s path to success is simple, "build a business first, reinvest in the business second, buy real estate third, and only then buy luxuries paid for by your assets" (98). Most people fail because they lack the discipline and perseverance needed to follow through with the plan. This behavior often characterizes those who lack emotional intelligence. A successful person possesses analytic, financial, and emotion intelligence. Such a person succeeds by understanding that success is accelerated through the process of "rejection and correction."

Kiyosaki prefers network marketing businesses because there exists very few barriers to entry. Those who succeed in network marketing are able to combine their ability to sell and lead with their love for teaching. Kiyosaki writes, "Your job is to clone or duplicate someone just like you" (58). This is what ultimately determines the success of any network marketing business.

When convincing others of the value of a starting a "personal franchise," more commonly known as a network marketing business, be sure to cover several important areas. First, refer to the cashflow quadrant to inspire motivation and provide direction. Second, emphasize wealth rather than income (a.k.a cashflow versus capital gains) by explaining the income statement and balance sheet and how acquiring assets, specifically businesses, is crucial to developing long-term passive revenue streams. Third, introduce Metcalf’s Law. Succeeding in a network marketing business demands the practical application of Metcalf’s Law, which states that a network’s economic value grows exponentially with the number of network users. Fourth, remind others of the fact that network marketing is the fastest growing business model in the world today. Big companies such as AOL Time Warner, Berkshire Hathaway, and Citibank all utilize network marketing. This comes as a surprise to many because network marketing businesses go largely unseen. Finally, emphasize the important of education. When searching for a network marketing business to join, educational opportunities should weigh more importantly in your decision than commissions or products.

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~ Stephen Key ~

Robert Kiyosaki’s best-selling book, Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money – That the Poor and Middle Class Do Not!, has sat on my nightstand for a number of years.

Within it, Kiyosaki advocates bold entrepreneurship and personal conviction as a means to achieving financial success and freedom; simply working as an employee will never generate significant wealth. Rich Dad, Poor Dad has been enormously successful. What advice does Kiyosaki have to give now?

“There’s an assumption that once one has achieved a certain level of success, everything is easier. Not true! I face the same dilemmas and struggles today I did 30 years ago.

It’s only the paradigm that has shifted. The way I perceive these problems is different; there’s a different sophistication level. But the lessons I learned as an entrepreneur working on a Velcro and nylon product decades ago are still relevant,” Kiyosaki explains.

Before becoming a best-selling author, Kiyosaki was a product developer. He counts his inexperience and naivete at that time as a blessing. “If, at the time, I knew how much I did not know, I would have never started. I would have stayed in the Marine Corps, done my 20 years, and collected a paycheck. It’s a great thing I didn’t know,” he says with laughter.

It’s the fearless acceptance of the mistakes he made (and, according to him, continues to make) as a result of that naivete that has allowed him to be so successful. “I blundered along then and I often feel like I’m blundering along now. What’s changed? I have smarter advisors,” he reveals.

But as intelligent as they may be, Kiyosaki’s advisors aren’t responsible for his willingness to try and try again. “The biggest skill I have is making mistakes. I’m pretty much an expert now. In the corporate world, if you make mistakes, you’re fired. But in the entrepreneurial world, if you’re not making mistakes, you’re not learning. I enjoy making mistakes. As far as I can tell, every mistake is accompanied by a priceless lesson. I’ve built my life around these lessons.”

While most people avoid fear rather than seek it, Kiyosaki adheres to a different principle. “If I don’t have butterflies in my stomach, there’s no sense working,” he says.

Kiyosaki can explain his perspective on failure and fear in numerical terms. Simply put, the number of failures you experience is a reflection of the degree to which you’re putting yourself out there. And having the courage to put yourself in a position to fail will ultimately lead you to success. If you never try, you’re never going to fail. But more important, you’re never going to succeed.

“The biggest problem wannabe entrepreneurs have is believing they’re going to ‘do what they love’ — but really, a big part of being a successful entrepreneur is doing what you don’t want to. And failing is part of that.”

Although Kiyosaki admits that the economy is “terrible,” he doesn’t view it as an impossible climate. “If you don’t make someone else money, they’re not going to give you their money. This principle is true in any economic climate. Show your client how you’re going to make them money. It may not be as easy now, but it’s possible. Get creative,” advises Kiyosaki.

But don’t, he says, talk too much. “Most people overpitch. We have two eyes, two ears, and one mouth. Observe body language and act accordingly. Most salespeople talk too much — don’t.”

More here:
Robert Kiyosaki: “The biggest skill I have is making mistakes.”

World renowned author and Real Estate investor, Robert Kiyosaki, talks to Joe Aldeguer about his insights and strategies in investing into Real Estate.

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Robert Kiyosaki & Joe Aldeguer

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Robert Kiyosaki is a master when it comes to explaining things in simple terms. This is a review on the book Cash Flow Quadrant. I learned 3 major things from reading this book. The biggest is the importance of leveraging a system.

Watch Rich Dad’s recent interview on FOX Business with Neil Cavuto to gain insight on Robert’s thoughts on our current challenging economic times. 

With Robert at his best, get his no-nonsense recommendations on how to recognize wealth building opportunities in weak market conditions.

Excerpted from:
FOX News Neil Cavuto Interviews Robert Kiyosaki