Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

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Self Defense Class with Robert and Kim
Oct11

Self Defense Class with Robert and Kim

Source:Self Defense Class with Robert and Kim Share and...

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Cashflow 101 in Tallinn

Last Friday we had highest amount of people, 40, playing Cashflow 101 at the same time in the same place 🙂Most of them were new players… we had 7 games in use. So I was already worried about the amount of old players who could teach… but finally we had 8 of them – so each table had one + I was everywhere where were problems with translations or understanding of rules.But now to the problem – we have to find a bigger place in the future… will see what we will think out. So far all the games have been free for players as I have found places for free to use… as a proof I have recorded a short video clip: Read the original here: Cashflow 101 in Tallinn Share and...

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As a Drummer…

I can truly appreciate this short clip. See original here: As a Drummer… Share and...

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Economics Study Group with Robert – Part II
Oct01

Economics Study Group with Robert – Part II

Here is part two of the study group I participated in last week with Robert. Check out the post for Part I for links to download the printed materials. Read more: Economics Study Group with Robert – Part II Share and...

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Economics Study Group with Robert
Sep27

Economics Study Group with Robert

Robert called an impromptu meeting today to study an article from a newsletter he subscribes to. The newsletter is Richard Russell’s Dow Theory Letters. You can download the section we studied here. Part II of the meeting will be posted soon. Go here to see the original: Economics Study Group with Robert Share and...

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Teachers of “the Secret”

What Happens When 3 Extraordinary Teachers from "the Secret" Come Together to Teach the Science of Getting Rich? by Mark Ginat The Science of Getting Rich is a timeless classic written in 1910 by Wallace D. Wattles. It is a bold title for a book and suggests that getting rich is a predictable outcome if one can master the principles outlined in the book. Here is how Wallace D. Wattles puts it in his own words, "The ownership of money and property comes as a result of doing things in a certain way. Those who do things in this certain way, whether on purpose or accidentally, get rich. Those who do not do things in this certain way, no matter how hard they work or how able they are, remain poor. It is a natural law that like causes always produce like effects. Therefore, any man or woman who learns to do things in this certain way will infallibly get rich." Certainly, this book is well referenced by many of the great teachers today and it is the same book that inspired Rhonda Byrne to produce that runaway success "the Secret". Here is what Rhonda Byrne said on her introductory note to the book, "I can honestly say that, since that first night when a tattered printed manuscript found its way to me (thanks to one of my daughters), my life has never been the same. Once you read it for yourself, you will understand why". Rhonda went on to produce the movie "the Secret" and the best-selling book of the same title which has sold millions of copies worldwide. However, learning how to do things in that "certain way" as described by Wallace D. Wattles may be more challenging for some as the book was written nearly 100 years ago. Some of the language is a little dated and much of its wisdom lost from a modern day perspective. Fortunately, a new training seminar for the Science of Getting Rich has brought the wisdom of this timeless classic back to life for modern readers. Called "the Science of Getting Rich", this program is the most comprehensive training system for mastering Wallace D. Wattles wealth creation philosophies and principles since its creation. It comprises written, audio and live seminar formats for learning, applying and mastering the Science of Getting Rich A unique "twist" to the program is the fact that it has an in-built vehicle for creating substantial financial wealth through its affiliate program. This is truly a unique wealth eduction and wealth building program designed to empower any individual with the resources to get rich. It is a...

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Robert Kiyosaki

Robert Kiyosaki’s business ideas were formed as a result of a number of business failures and one success.  Robert Kiyosaki’s real success came with a series of books based on the rich dad and poor dad characters.  Robert Kiyosaki, co-author of ‘Why We Want You to Be Rich’ gives you advice and tips on how to manage your finances to make your money work for you. Kiyosaki Kiyosaki is best known for his Rich Dad, Poor Dad series of motivational books and other material.  Kiyosaki also proclaims financial leverage to be critically important in becoming rich.  Kiyosaki stresses what he calls "financial education" as a means to obtaining wealth.  Kiyosaki speaks often of what he calls "The Cashflow Quadrant," a conceptual tool that aims to describe how all the money in the world is earned.  Kiyosaki stresses the value of games, particularly Monopoly, as tools for learning basic financial strategies such as "trade four green houses for one red hotel".  Kiyosaki’s claim is given some credence by the founder of mutual fund powerhouse Vanguard, John C. Money Money – Robert Kiyosaki, author of the successful Rich Dad, Poor Dad series of personal finance books, offers his insights to Yahoo Finance in a bi-weekly blog.  [2] Kiyosaki became active in a personal growth seminar, called "Money & You", which was started by Marshall Thurber.  Kiyosaki speaks often of what he calls "The Cashflow Quadrant," a conceptual tool that aims to describe how all the money in the world is earned.  "Cashflow 101" is a board game designed by Kiyosaki, which aims to teach the players concepts of investing and making money, it costs $195. Financial The book Rich Kid Smart Kid was published in 2001, with the intent to help parents teach their children financial concepts.  Kiyosaki stresses what he calls "financial education" as a means to obtaining wealth.  And according to Kiyosaki, in order to obtain financial freedom, one must be either a business owner or an investor, generating passive income.  Rich Kid, Smart Kid is a retelling of Kiyosaki’s views, condensed and clarified to try and help parents better understand and teach their children key financial concepts. Education His Rich Dad Poor Dad series of books have sold millions of copies worldwide and through his education programs he is reaching thousands of students with his financial messages.  CASHFLOW 101 is the only educational tool/game I’ve found that REALLY demonstrates the effect and interconnections that a single decision can and will have on your balance sheet and income statement.  In 1985, Kiyosaki founded an international education company that taught business and investing to tens of thousands of students worldwide. ...

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Finding the Right Business Partner

One of the best pieces of business advice I ever got was "You can’t do a good deal with a bad partner." Having had many partners over the years, I can say that this statement holds true. So I thought I’d offer some personal experiences I’ve had with partners both good and bad. All Play and No Pay The first partner is a former CPA who does spectacular pro forma projections. His numbers on the future viability of a real estate project are always well laid out and convincing. In fact, after first meeting him and his business partner, a Wall Street whiz kid, and looking at some photos of a property they were interested in and an architect’s rendition of what it would look like upon completion, I was sold. I became their money partner. So far I’ve done three deals with this pair, and to date, we haven’t made a dime. The numbers still look neat and tidy every quarter, just the way a CPA should present the financials. The problem is in execution: The projects never finish on time or on budget. Something always goes wrong, and there’s always some kind of drama — problems with environmentalists, city planners, or banks. Finally, after years of squabbling, his partner (the whiz kid) left the relationship. The projects of theirs that I invested in are still operating, but to date I haven’t made any money on them. A Complementary Relationship The second partner is Ken McElroy, a writer and personal friend. My wife, Kim, and I have made the most money with Ken. There are several reasons why: • We share the same investment philosophy. We buy, improve, hold, and refinance. We generally don’t like selling our properties. • His expertise makes up for gaps in mine. Ken owns the largest property management company in the Southwest, and his partner, Ross, is a real estate developer. Both men have nearly 20 years of experience in their respective fields. Because of Ken’s years as a property manager, he has the experience and skill to evaluate the value of an existing property. And Ross has the know-how to bring the reconstruction of properties in on time and often under budget. • We adhere to the same strategy. Ken, Ross, Kim, and I like to put our money in, improve a property, bring in better tenants at increased rents, reappraise the property, and then borrow our money out and move the equity on to the next property. We then repeat the process. A Near-Infinite Return For example, we put approximately $2.5 million into a $9 million, 300-unit apartment house, and secured a construction...

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Biography

Robert T Kiyosaki is a Hawaiian born author and motivational speaker. He studied in America, joined the Marine Corps and fought in the Vietnam war. Kiyosaki now lives in America and has risen to fame as a motivational author and speaker in the areas of personal finance, investing and business. His Rich Dad Poor Dad series of books have sold millions of copies worldwide and through his education programs he is reaching thousands of students with his financial messages. Kiyosaki was born and raised in Hawaii of Japanese / American parents. After moving to New York and graduating from college, Kiyosaki enlisted in the Marine Corps. He become an officer and helicopter gun pilot, serving time in the Vietnam war. Upon his return Kiyosaki worked as a salesman for the Xerox printing and photocopying company. His first success in the business world came with a company he started in 1977. Kiyosaki‘s company was importing nylon and Velcro wallets that went on to become associated with surfers, earning them the title of "surfer wallets" and making Kiyosaki good profits. Eventually Kiyosaki went on to become an educator in the areas of business and finance. In the mid eighties he established an educational company where students worldwide could learn about his financial philosophies. Kiyosaki developed a board game to educate people financially, while at the same time remaining entertaining. The Cashflow 101 board game went on to become very successful for Kiyosaki. Cashflow 101 is now also available online, where players are able to learn the basics of investing and personal finance. Rich Dad, Poor Dad Robert Kiyosaki‘s real success came with a series of books based on the rich dad and poor dad characters. Kiyosaki writes the books in an entertaining method where financial novices can remain entertained and at the same time learn his personal finance theories. The rich dad, poor dad characters are fictional people, loosely based on people in Kiyosaki‘s life. Basically, poor dad is the man that goes to work hard for his money in a government job, just getting by each week, paying the bills and feeding the family. Eventually going on to retire poor and unhappy. Rich dad is more of a risk taker and uses his money to invest in real estate and businesses, eventually leading to an abundance of financial wealth where he retires early with a large fortune. The Rich Dad, Poor Dad series consists of more than 8 books based on themes of investing, real estate, personal finance and business motivation. Many of them have gone on to become best sellers in their genre with the most popular (Rich Dad,...

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Top Tips For Taking Control of Your Financial Future

1. To get where you want to go, you need to know where you are. Complete your own financial statement. This is your first step in taking control of your financial future. How much passive income do you have today? 2. Pay yourself first. Put aside a set percentage from each paycheck or each payment you receive from other sources. Deposit that money into an investment savings account. Once your money goes into the account, NEVER take it out, until you are ready to invest it. 3. Look for real estate "for sale" signs in your area. Call on three or four and ask the brokers to tell you about the properties. Find a real estate investor (mentor) and ask them to visit a property with you to tell you what to look for. 4. Attend business opportunity conventions or trade expos. See what franchise or business systems are available in your area. 5. Who you spend your time with is your future. Surround yourself with people who will support you, not discourage you. 6. TAKE ACTION! Put a little money down. Start small. It’s amazing how quickly you learn when you have real money in the deal. Make mistakes, learn from them, and then take action again! 7. Set a long-term financial goal for where you want to be in five years. Also set a smaller short-term goal for where you want to be in twelve months. Passive income is the key. 8. How do you spend your spare time? Commit five hours of your time each week to do one of the following: – Read the business page and The Wall Street Journal – Read financial magazines and newsletters – Listen to the financial news on television or radio – Listen to educational material on investing and financial education – Play CASHFLOW® 101 9. Meet with a business broker to see what existing businesses are for sale in your area. It is amazing what you can learn by just asking questions and listening 10. Find people in your area to play CASHFLOW® with or create your own circle. Visit RichDad.com and click on CASHFLOW CIRCLES in the Message Forum to find people in your area who play CASHFLOW® 101 11. Join Rich Dad’s INSIDERS! Plot your own course to financial freedom and surround yourself with people who will support you every step of the way! 12. TAKE ACTION! Start small, learn from our investing mistakes, and continue your financial education. Share and...

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