Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

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Robert Kiyosaki: Rich Dad’s Conspiracy of The Rich on Alex Jones TV

Alex welcomes to the show investor, businessman, self-help author and motivational speaker, Robert Kiyosaki. Mr. Kiyosaki is best known for his Rich Dad Poor Dad series of motivational books and other material published under the Rich Dad brand. He has written 15 books which have combined sales of over 26 million copies. He has created three “Cashflow” board and software games for adults and children and has a series of “Rich Dad” audio cassettes and disks. Other books by Kiyosaki include: Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom, Why We Want You To Be Rich, and Before You Quit Your Job. Part 1/3 Part 2/3 Part...

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Robert Kiyosaki – Gold Vs. US Dollar – Audio Podcast

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! With perspectives on money and investing that often contradict conventional wisdom, Robert Kiyosaki has earned a reputation for straight talk, irreverence and courage. His point of view that old advice – get a good job, save money, get out of debt, invest for the long term, and diversify – is bad (both obsolete and flawed) advice, challenges the status quo. Robert is the author of The New York Times bestseller Rich Dad Poor Dad. Since 2002, Michael Maloney has specialized in education on monetary history, economics, and financial literacy. He is widely regarded as an expert on economic cycles. Michael is the owner and founder of GoldSilver.com , an online precious metals dealership. GoldSilver.com provides invaluable research and commentary for its clients, assisting them in their wealth building endeavors. Since 2005 Michael has been the precious metals investment advisor to Robert Kiyosaki. He is the author of Guide to Investing in Gold and Silver. Richard Duncan is the author of The Dollar Crisis: Causes , Consequences, Cures the bestseller that accurately predicted the global economic crisis that began in 2008. His latest book is The Corruption of Capitalism A strategy to rebalance the global economy and restore sustainable growth, Duncan has worked as a financial sector specialist for the World Bank in Washington, DC. He also worked as a consultant for the IMF in Thailand during the Asian Crisis and is now chief economist at Blackhorse Asset Management. 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....

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ECON 101: Credit Crunch for Dummies

By SCOTT MAYEROWITZ ABC NEWS Business Unit Is your head spinning these days trying follow what is going on with the economy? Subprime. Collateralized Debt Obligations. Liquidity. Every day it seems as if these words — which nobody you knew was using just a few months ago — are being thrown around. The stock market is down. Government officials are scrambling to find ways to help the economy. And a lot of people are talking about a recession. So what does it all mean? And how did this all begin, especially when just a few years ago the economy was booming thanks to the red-hot real estate market? Well, that’s where the problem starts. A combination of low interest rates and aggressive new lending practices in the late 1990s and early 2000s led to a buying frenzy. Many banks were enticing first-time home buyers into the market with pitches of “historically low interest rates” and “no down payment required.” In June 2003, the Federal Reserve had lowered its key Fed Funds interest rate to just 1 percent. Mortgage rates were of course higher, but were still considered a relative bargain. Banks had also changed the way they made loans, opening up the American dream of homeownership to a whole new group of people who had always considered themselves renters. The Mortgage Boom With rising home values, almost everyone believed they could get rich just by buying a home. And pretty much everyone — even those with terrible credit histories — could get a home loan. Many got adjustable-rate mortgages with low, introductory teaser rates that made their mortgage payments affordable. Those rates would eventually reset to higher ones, but many owners planned to sell first or refinance. Even high-risk borrowers — if they made their mortgage payments on time and built up a good credit history — could refinance into a more traditional fixed-rate mortgage before their interest rates reset. And since the home would undoubtedly be worth more than it was just a few years ago, the banks were willing to lend out more money because the collateral for a loan — the house — would theoretically be worth even more in a year or two. How Wall Street Profited To facilitate some of these new loans to riskier borrowers, lenders and those on Wall Street came up with new ways to package them up and sell them off to big pension funds, private equity firms, mutual funds, foreign investors and any other investors looking to profit from the housing boom. Gone were the good old days when everything was simpler, where a local bank manager who knew...

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How to Protect Yourself in an Economic Crisis

– Sandra Simmons Does the current economic crisis have you worried? Are you wondering how achieve financial freedom so you can protect yourself and your family from the coming financial crash? Here is what you need to know. The first thing you need to understand is what the word economics means in terms of thinking about your family, and how you can use what it means to your financial advantage. Forget what the media says about economics when they talk about the roller coaster ride of the stock market, supply and demand, inflation, banking industry mortgage defaults and the unemployment rate. Those are ‘economic characteristics’ that measure an area much larger than you can control. What you can control is your own household economics. The definition of economics I am using is the original one; meaning “the art or science of managing a household or business.” And that is something that you, as an individual, can control. There is an art to managing a household. It takes having certain skills and abilities, like organizing things so they run smoothly. There is a science of managing a household, especially in the area involving money. Here is what you can do to make sure that the economics of your household are strong and stable, even though the economy of the country may be on the slippery slide to financial disaster. 1 – Spend Less Than You Make Take a lesson from your parents or grandparents who made very little, but lived very well. Keep expenses down to a level below what you bring home in your paycheck after taxes. The fastest road to financial disaster is spending more than you make. It’s possible to maintain your quality of life while cutting optional spending. This can be done by doing something as simple as renting a movie and making popcorn at home instead of going to the theatre, to buying a new used car instead of a brand new car. 2 – Pay CASH Every time you purchase something using credit cards that you cannot pay off as soon as the statement arrives, you are committing your future earnings to the credit company. Those future earnings will be needed to pay your regular household expenses, so you end up in economic slavery known as the credit trap. The exception is purchasing property that increases in value, such as buying a home or investing in a commercial building that puts more income in your pocket. Tip: When paying with cash; negotiate a cash discount. When the economy is sliding down and credit is harder to get, the guy with the cash is king. In...

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Investors: Stand by your plan

BOSTON (MarketWatch) — Virginia S. lives in the Toledo, Ohio area and is nearing retirement as teacher at a religious school. These days, she is having trouble with her faith. That’s not a comment about her religion, but rather about maintaining her confidence in the stock market and economy, and hanging on to her belief that years of planning on a modest salary will pay off.       ”I keep hearing experts say that consumer confidence is important, but I don’t see anything that could make me confident,” Virginia said via email. “I have time and I wouldn’t mind working longer, but I’m not sure I see it all paying off any more. Why, exactly, would anyone expect someone like me to be confident? What reason do I have to be confident?” Virginia is far from alone in her flagging sense of trust in the market.  On Tuesday, Investor’s Business Daily released its August figures for the IBD/TIPP Economic Optimism Index — an indicator that typically does a good job of foreshadowing what to expect from more renowned consumer confidence benchmarks released later in the month — and it showed a nice pop in good feelings. That said, the 14.4% pick-up in August left the IBD index at 42.8, which is still deep in pessimistic territory. Looking ahead Between the housing bubble, credit crisis, inflation worries, concerns over the weak dollar, the potential for the economy to drop into a recession, a stock market that seems more anxious in falling than rebounding, and more, it’s hard to believe an investor could have any faith and confidence left. Those flames of despair are fanned in chat rooms and message boards by market timers, who suggest that the best way to go is to be out of the market, or following some specialized system, the kind of thing an average investor like Virginia is not likely to do. In times like these, it might seem as implausible as the existence of Santa Claus, but yes, Virginia, there are reasons to be confident. Without sounding like a Pollyanna, here are six of them. 1. Market cycles have not been suspended. While investors have internalized the idea that stocks return 10% annually, that’s an average figure, and no one should believe the stock market is a guaranteed payout machine. But down cycles have invariably led to up cycles. While many market observers suggest that people should expect the market to deliver an average of 7.5%-8% on average for the next 25 years, it still won’t be a straight-line result. “If the time you are buying into that average annual return is negative or zero...

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BlogTalkRadio: US Economy Turmoil

South Asian Journalists Association (SAJA) presents a talk radio show on 24 Sep, discussing the various aspects of the turmoil in the current U.S. economy. Speakers includes: Vikas Bajaj, business reporter, The New York Times; Anirvan Banerji, co-director of research at the Economic Cycle Research Institute; John Laxmi, co-founder of a New York-based private equity firm with $4 billion under management (and SAJA treasurer); Sudeep Reddy, economics reporter and “Real Time Economics” blogger, The Wall Street Journal.   BlogTalkRadio: US Economy...

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Saving’s not enough, invest your money

When we hear the word money, what comes to mind — savings in banks, investment in mutual funds, investment in equity, investment in real estate, investment in antiques? In my opinion, it is a combination of all. Investment gurus call it the ‘diversification of portfolio’. We learn the discipline to manage money effectively outside the classrooms. It reminds me of an old incident. Once, almost 20 years ago, I visited my friend and we were busy talking when her young son entered happily, showing his mom a $100 note gifted by his granny. All he wanted to do with it is buy chocolate. His mother explained to him that chocolates are unhealthy and he should do something else with the note, preferably put it in his piggy bank. Reluctantly, he agreed. A few months later, I happened to visit her again. That day she was busy with her son, helping him open his piggy bank, overloaded with coins and notes. They both counted them and were delighted that the total was beyond their expectations. Again this time as a responsible mother, she advised him to put this fund into a savings account. She taught him to fill up the deposit slip. The boy tried, but could not. So his mom filled the slip and he left for the bank along with an office help. Years rolled by, and his mom is now proud of his saving habits. However, the amount is earning interest only in the bank. “To save must be a habit of childhood, but to invest must be the habit of adulthood.” My friend, as a responsible mother, could reach only her son’s childhood and not beyond. What is the count of your investment portfolios? Are you working for money or is money working for you? “The poor and the middle-class work for money. The rich get the money to work for them”- Robert Kiyosaki, the author of Rich dad poor dad said in the book. It’s generally seen that many people have the habit of switching off their minds when it comes to money matters. People in the other category have a habit of exercising their minds when it comes to money. The difference depends on many criteria. It doesn’t matter if the child doesn’t listen to you, or doesn’t obey you. The child always observes you. Since childhood, we listen to and observe many things in our parents, teachers, friends and others. This plays a vital role in developing our thinking patterns. I will explain two different thinking patterns by picking up some of the effective sentences from Rich dad poor dad. Generally, we veer...

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What a mess

I’ve been delinquent the past few months in posting. I’ve been quite busy, what with some of my business ventures (including a couple of new ones), real estate and the real estate investment clubs. There’s a lot of fodder for blog posts over the past few months. From more bank collapses including Fannie Mae and Freddie Mac, insurance company implosions including AIG, foreclosures skyrocketing, etc. But keep reading because you’ll find what finally motivated me to blog today when I’ve already get about 18 hours of work in the next 5-1/2 hours. I’m pretty much sick and tired of hearing mortgage brokers lay the blame squarely at the feet of borrowers. Let’s face it: there are (or were) a lot of bad brokers that coached borrowers and in some cases outright misled them. There were also borrowers that went along knowing full well that they were lying and could. The borrower knew it, the broker (and originator) knew it, the bank knew it. Even the insurers knew it. AIG was “insuring” these loans that everybody in all financial sectors knew were fundamentally unsound. Then they were put together with other loans of all grades into a great big pot. Then, like apples that you wouldn’t eat because they look bad and are on their way out but when pureed you don’t know the difference when made into apple sauce and sugar is added, they got sliced and diced into little pieces sold to investors as a sanitized product that had supposedly reduced the risk. Then they paid the companies to rate the new securities. Just like banks that had their preferred property appraisers that were compromised (think the investigations in NY and CA into inflated appraisals pushing people into jumbo mortgages or sub-prime products by collusion), the ratings were inflated (and unregulated). To further wash these bad mortgages, these securities were sliced and diced again in new securities, and rerated even higher! What investors doesn’t want some of their assets in AAA rated securities that pay a rate of about 8%? For those wondering, that AAA rating is supposed to mean that there’s about as little risk as there could possibly be. Ever since falling out of the last real estate bubble in the early-mid ’90’s, government has wanted to increase home ownership. That’s good for everybody including real estate investors and government because, lets face it, prices go up and so does tax revenue in a world of increasing value. So let’s just drop that partisan political nonesense. Republicans have been trying to blame Bill Clinton, Democrats, Congress, etc. In other words, it’s that nebulous “them”. Democrats have...

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Why Are Americans So Willing To Dig Themselves Deep Into Debt?

The New York Times has an article that tells the story of Diane McLeod and her insurmountable debt. http://www.nytimes.com/2008/07/20/business/20debt Even though she’s going through foreclosure on her home, she’s still getting credit card offers from “Urban Bank!” With the aftermath of the sub-prime crash still wreaking havoc, Americans are finding themselves in very uncomfortable debt positions. The blog post on the Consumerist asks, ‘What happened to our values?’ I don’t think it’s a question of values, I think it’s a question of education. Students graduate high school without the slightest idea of what awaits them in terms of credit and debt. Most of them don’t even know what an income statement or balance sheet is. Why do we have such a financially illiterate populace here in the U.S. and what can be done about it? See original here: Why Are Americans So Willing To Dig Themselves Deep Into...

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When Pessimism Prevails, It?s Time to Get Rich

~ by Robert Kiyosaki If you’re serious about getting rich, now is the time. We’ve entered a period of mass-produced pessimism, when bad news is everywhere, and the best time to invest is when optimists become pessimists. The Weird Turn Pro Journalist Hunter S. Thompson used to say, “When the going gets weird, the weird turn pro.” That’s true in investing, too: At the height of every market boom, the weird turn into professional investors. In 2000, millions of people became professional day traders or investors in dotcom companies. Mutual funds had a record net inflow of $309 billion that year, too. In an earlier column, I stated that it was time to sell all nonperforming real estate. My market indicator? A checkout girl at the local supermarket, who handed me her real estate agent card. She was quitting her job to become a real estate professional. As a bull market turns into a bear market, the new pros turn into optimists, hoping and praying the bear market will become a bull and save them. But as the market remains bearish, the optimists become pessimists, quit the profession, and return to their day jobs. This is when the real professional investors re-enter the market. That’s what’s happening now. Pessimism vs. Realism In 1987, the United States experienced one of the biggest stock market crashes in history. The savings and loan industry was wiped out. Real estate crashed and a federal bailout entity known as the Resolution Trust Corporation, or the RTC, was formed. The RTC took from the financially foolish and gave to the financially smart. Right on schedule 20 years later, Dow Industrials and Transports struck their last highs together in July 2007. Since then, nothing but bad news has emerged. In August 2007 a new word surfaced in the world’s vocabulary: subprime. That October, I appeared on a number of television shows and was asked when the market would turn and head back up. My reply was, “This is a bad one. The worst is yet to come.” Many of the optimistic TV hosts got angry with me, asking me why I was so pessimistic. I told them, “The difference between an optimist and a pessimist is that a pessimist is a realist. I’m just being realistic.” As we all know, things only got worse in early 2008, with the demise of Bear Stearns and the Federal Reserve stepping in to save investment bankers. In February, many of those optimistic TV (and print) reporters became pessimists — and when journalists become pessimists, the public follows. By March, mutual funds had a net outflow of $45 billion as...

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