Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

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The Master Mindset – The Cone Of Learning

Click to Play http://www.themastermindset.com Looking back on my time with Robert Kiyosaki at The Rich Dad Company, a common theme that was there throughout was the study of how people learn. The best diagram I’ve seen that illustrates how much the method of learning impacts how much we retain, is the Cone of Learning. Created by Edgar Dale in 1969, The Cone Of Learning lists, from worst to best, the passive and active ways we learn and how the affect our retention. Not surprising, reading and lecture are the two WORST ways of learning. And how are we expected to learn in school? That’s right… Reading and lecture. http://www.themastermindset.com What is the best way to learn? Doing the real thing. Actually getting into action and doing the very thing you want to learn. Why is doing the real thing so much more effective than reading or lecture? Because it is active. Where as reading and lecture are passive. Being involved increases your retention dramatically. It requires that you use both your left brain and your right brain. It sets it in stone. The subject of learning and teaching were at the core of everything at The Rich Dad Company. John http://www.themastermindset.com See more here: The Master Mindset – The Cone Of...

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The Studying Never Stops
Oct26

The Studying Never Stops

I am in the back of the room at the latest Rich Dad event in Scottsdale, AZ. These events get better and better each time. I don’t know how Robert does it. In the last day and a half, we have studied the Mandrake Mechanism, the Federal Reserve System, R. Buckminster Fuller, The Dollar Crisis, PERT (Planning, Evaluation, Review, Technique), Synergetics, the dymaxion map, and a LOT more. And that’s just the first half. The studying never stops. More: The Studying Never...

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Cashflow at La Tazza
Oct13

Cashflow at La Tazza

We had a great game of Cashflow 202 Saturday night, October 11th at La Tazza, in downtown Leominster. James, Dan, Marria and myself played. Anita McHugh dropped by for a while before she had to take off. Lee got out of the Rat Race first, about an hour into playing, followed a few turns later by James, then Dan and Marria. James won first thanks to striking oil with the Russian oil deal. These things happen in life; you have to be willing to take a risk. In real life, this sort of thing would be open to qualified investors (anyone in the Fast Track is) because of risk and in James’ case, it would not have negatively impacted him if it had not succeeded. We continued playing and I was able to buy another business on the next turn or two which put me over the $50K per month increase in cash flow and I already had two dreams. We called the game at this point because it was still early and Dan had a long ride home. We didn’t actually start until 7PM or so and we were done by 9:30PM. Now that was a fast, focused game and we ate dinner while we played. In this game, we all played the business manager but started with different starting portfolios. I started with a small amount of cash and a smallish stock portfolio. Initially, I had not been able to buy any real estate on my own (not enough money and I didn’t go heavily into debt) but I was able to partner profitably. I also was able short and option stock and sold my initial portfolio after a while without the companies failing. That allowed me to progess slowly in passive income and generate over $500K. I wasn’t negatively affected by a bad economic outlook and diminished rents. Then, with lots of cash on hand, I was able to buy a lot of junk bonds with a conservative yield that but me out of the Rat Race and on to the fast track. I never was able to lend privately to the Rat Race as all had sufficient cash. I stayed and talked with Stephanie, the owner, and patrons of La Tazza until just after midnight. I like the place and really enjoyed the political discussion. It also was good for another reason because I was given a strong lead for a potential deal. I’m not saying this to brag but. I’m saying this to share what this experience shows: if you are in the market for (insert item here), TELL PEOPLE! I don’t care if...

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He’s #1!
Oct13

He’s #1!

Warren Buffett has has once again become the wealthiest individual because of market volatility and shrewd buys. Would you believe his networth INCREASED by $8B last month? Click and learn more. Wow! Forwarded by Danielle. Read more: He’s...

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What a mess
Oct09

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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Kiyosaki predicted collapse of Goldman Sachs and Lehman Brothers
Oct09

Kiyosaki predicted collapse of Goldman Sachs and Lehman Brothers

Indeed he did! Watch and find out. Also, check out his new post on Yahoo Finance. Both from an email earlier today for the Rich Dad Company to Insiders. Original post: Kiyosaki predicted collapse of Goldman Sachs and Lehman...

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A Human Touch
Oct03

A Human Touch

It is amazing how a little personal attention goes a long way. I just talked to two people that were so grateful just for the fact that I listened and was willing to help them. What is even more amazing is how rare that is these days. See the original post: A Human...

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Some great stuff
Sep28

Some great stuff

Several big items of interest or just good fun. All forwarded by Danielle Rocheford. Thanks! This guy shorted sub-prime and it made him a billionaire with a B! Click and learn more! Here’s a Powerpoint presentation that pretty much gives a few minute description of the hows and whys of the real estate / mortgage debacle. Laugh, it’s funny. Then cry, because is isn’t. Some great...

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The Master Mindset – Emotions and Intelligence
Sep25

The Master Mindset – Emotions and Intelligence

Click to Play http://www.themastermindset.com During my time at the Rich Dad Company, I became friends with many of the advisors to Robert and Kim Kiyosaki. One of the advisors that I learned the most from is Blair Singer. He wrote the Rich Dad Advisor books, Sales Dogs and The ABCs of Building Business Teams That Win. He is also one of the MOST incredible speakers I have ever heard. I attended one of his two day seminars FOUR TIMES in the last six years. He motivates, inspires and teaches real-life concepts that immediately produce results. http://www.themastermindset.com I am very proud to call him a friend. One of the most significant and simple lessons he taught me was the concept of emotions vs. intelligence You see, these two very human traits have an inverse relationship. In other words, when one is high, the other is low, and vice versa. This is evident in a number of every-day examples that I am certain we all have been through. Have you ever heard someone on the radio that is willing to do ANYTHING to get a pair of concert tickets? Eat bugs, streak through the park, sign kareoke. http://www.themastermindset.com Most of the time, their emotions are extremely high. And needless to say, their intelligence is low. Duh! Would they normally do those things? Maybe. Another example is the ubiquitous fight with a loved one. When emotions are running high, we tend to say some pretty stupid things. And we regret it later, when our emotions are low. We realize that at that moment, our intelligence was lower than a snake’s belly. Anyway, I wanted to share this important but simple concept so you can recognize when this is happening. What you do at that point is your choice. Leave a comment if you found this valuable. I want to hear from you! John http://www.themastermindset.com Originally posted here: The Master Mindset – Emotions and...

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The Power Of Social Proof
Sep17

The Power Of Social Proof

I am on day 23 of my internet marketing career and already I’ve replaced the income from my J-O-B. That’s right. In just under a month, my income is at (actually slightly above) what I was making as an ‘E – employee’ at The Rich Dad Company. What does that say about the education I received while working for Robert and Kim Kiyosaki for the last six years? To me it says that I am one of THE LUCKIEST people on the planet. Not only did I have the opportunity to study side-by-side with Robert, Kim and the rest of the Rich Dad team, I got the opportunity to jump out into the real world and put that education to work. One of the most significant things I’ve learned so far, is the power of social proof. What is social proof? It is when someone well known in the circles you are looking to be successful in endorses you. I have an advantage over most others having Robert and Kim behind me. However, social proof can come from anyone. And it is often just as powerful. Check out this video Nic Mitchell made (without my knowledge!) and posted on YouTube. Now THAT demonstrates the power of social proof. And the power of leading with the giving hand. Nic didn’t ask for anything in return (although, I have recorded a response video that he does not know about yet). See the original post here: The Power Of Social...

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