Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

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Rich Dad Poor Dad Robert Kiyosaki recommends MLM Home Based Business

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...

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Robert Kiyosaki Interviewed on AlJazeera

I am sure most of you don’t watch AlJazeera especially those who are in the States. So if you have missed, here is an interview with Robert Kiyosaki on AlJazeera with Riz Khan.     What’s your opinion on the education system of your country? Does it prepare you to be successful businessman or good employee? I think in almost all countries in the world, it’s the latter. Please share your thoughts on this in the comments...

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Kim Kiyosaki on KITV 4 / ABC News

Kim Kiyosaki on KITV 4 / ABC...

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Tips from Ramit Sethi of I Will Teach You To Be Rich

Ramit Sethi, Author of I Will Teach You to Be Rich was interviewed by certified financial planner, Cathy Curtis at the Commonwealth Club of California event. Ramit talked about his book and some of his philosophies on personal finance management.  I recorded the interview and wanted to share a few snippets from the discussion about his “Bulletproof Personal-Finance System”. Watch the video and share in the comments your thoughts about his system. Have you tried it? Do you think it works? If not, why?  ...

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4 Types Of People

Kim Kiyosaki (wife of Robert of Rich Dad Poor Dad fame) shares an interesting insight about what she calls: 4 kinds of people, grouping them by their mantras: I must be right — people who love to be validated and proven correct. I must be comfortable — people who like settling in their comfort zones and not push boundaries. I must be liked — people who live to please others and patronize. I must win — people who will do anything to succeed. Although doubtless there are more archetypes than Kiyosaki claims (depending on whatever typology you subscribe to), the thing I find interesting about the 4 types above is how they would react and utilize critical thinking. Critical thinking seeks to clarify, not simply validate. It is often uncomfortable and involves challenging the status quo. It is not patronizing, and is often deprecating. It seeks to achieve its end goals. Of the 4 types above, only those who seek to win would push criticism to its limit. Kim says know who you’re dealing with and that will bring you success. In critical thinking it’s the same: it’s important to know who your talking to, who your audience is, and who you’re criticizing. Original post: 4 Types Of...

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Kim Kiyosaki’s “Rich Woman” Empowers Women to Financial Freedom

 Kim Kiyosaki is the wife of Robert Kiyosaki – who wrote the best seller "Rich Dad, Poor Dad". Kim Kiyosaki is all about empowering women and helping them take their financial future into their own hands. Pick up her book Rich Woman and start your journey toward real...

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Rich Woman Kim’s First Investment

Kim describes her thoughts, decisions and fears of her first investment purchase. Listen in as she talks about the time it took to find the property and her fears of making a bad investment....

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Is Network Marketing a Pyramid Scheme or a Scam?

Is network marketing a pyramid scheme or a scam? Robert Kiyosaki and Donald Trump promote Network Marketing as a way to gain the needed skills to becoming wealthy....

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Robert Kiyosaki & Joe Aldeguer

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

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