Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

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Robert Kiyosaki – Pay Yourself First

Each month you settle down to pay bills. You pay your mortgage lender. You pay the electric company. You pay the trash collector. But do you pay yourself? One of the most basic tenets of sound investing involves the simple habit of “paying yourself first,” in other words, making the first payment of each month into your savings account. Americans’ saving patterns vary widely. And too often, short-term economic trends can interrupt long-term savings programs. For example, the U.S. Personal Savings Rate reached 6.5% in December 2008 following the housing and banking crisis. Three years later, as the economic environment appeared to stabilize, the savings rate fell to 4%.1 The Genius of Pay Yourself First Anyone who’s ever managed their own finances knows that saving can be a challenge. There seems to be an endless stream of expenses that demand a piece of each month’s paycheck. Herein lies the genius of paying yourself first: you get the cream at the top of the bucket, and not the leftovers at the bottom. The trick is to prioritize. Make it a point to put your future first. At first, saving may mean a small lifestyle change. But most individuals want to see their net worth increase steadily. For them, finding ways to save becomes more of a long-term commitment than a short-term challenge. Putting Your Money to Work What will you do with the money you save? If retirement is your priority, consider taking advantage of tax-advantaged investments. Employer-sponsored retirement plans, such as 401(k)s and 403(b)s, can be a great way to save because the money comes out of your paycheck before you even see it. Also, as an added incentive, some employers offer to match a percentage of your contributions. For money you may want to access before retirement, consider placing the funds in a separate account. When the balance hits your target, you may want to move the money into investments that offer the potential for higher returns. Of course, this may mean exposing your money to more volatility, so you’ll want to choose vehicles that fit your risk tolerance, time horizon, and long-term goals. In the pursuit of growing wealth, sound habits can be your most valuable asset. Develop the habit of “paying yourself first” today. The sooner you begin, the more potential your savings may have to grow. Wisdom of Rich...

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Robert Kiyosaki – How To Lease A Property

My first few years of renting out part of my home went pretty good. There were a few snags along the way – but all in all, the venture was worth it. I got some of my mortgage paid for – and I had some good people to keep company with. I was still living in the home when I got married just a year and a half ago. Due to economic and family reasons, we decided to purchase another house closer to the city and rent out my home. Needless to say, it was quite a change from just renting out parts of the home to friends and acquaintances! I’d say I’m still relatively new to being a landlord, but what I’ve learned in the last year or so has been invaluable. If you are already renting out a property or just researching it, I hope a few of these ideas might guide you along your journey. And, please let me know if you have any other ideas that have helped you! I’d love to hear them. Screen your renters. This is a no-brainer – and it is well worth the time and money invested. If you can, do a credit check and contact their previous landlord and current employer. This will tell you a lot. Even if you do your due diligence in this area, things can happen – they might lose a job, illness, etc or just start being a deadbeat renter. Use a state approved lease. I recommend using your state bar associations lease. You can Google it and usually find something they have posted on their website for you to fill out and use. Make sure you have all this in writing and it is signed. You’ll need to have rules on paper in case a dispute occurs. Check-in/check-out list. On the first day your renter moves in, have a check-in sheet. Go through the house and note the condition of the rooms, carpet, walls and appliances. And, have them double-check or note things too. When the lease is up, bring this sheet out and go over the items with them. If there is a discrepancy, you will have reason for keeping part or all of the deposit and/or settling any disagreements. Deposits. There are varying schools of thought on this one. But I have leaned towards being a bit gracious here. I require one month’s rent (or just under that) + the first month’s rent on move-in. Many landlords require more than this. I’ve heard two months rent + first month’s rent. Finding renters. I have actually been blessed by finding decent renters...

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Donald Trump & Robert Kiyosaki, “Why We Want You To Be Rich”

Robert Kiyosaki and Donald Trump outline the importance of increasing your financial education in today’s modern economy. These men both endorse Network Marketing / Direct Selling as the business of the 21st...

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Robert Kiyosaki – National Achievers Congress

Robert Kiyosaki introduces the concept of infinite return on investment in an excerpt from his appearance at the National Achievers Congress. Video Rating: 5 /...

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Rich Dad Poor Dad Robert Kiyosaki Endorses Multi Level Marketing

Robert Kiyosaki often refers to The CASHFLOW Quadrant, a conceptual tool which he developed to categorize the four major ways income is earned. Depicted in a diagram, this concept entails four groupings, split with two crossed lines (one vertical and one horizontal). In each of the four groups there is a letter representing a way in which an individual may earn income. The letters are as follows. E: Employee — Working for someone else. S: Self-employed or Small business owner — Where a person owns his own job and is his own boss. B: Business owner — A person who owns a business to make money; typically where the owner’s physical presence is not required. I: Investor — Investing money in order to receive a larger income in the future. For those on the left side of the divide (E and S), Robert Kiyosaki says that they may never obtain true wealth. Conversely, those on the right side of the divide (B and I) are supposedly following the only road to true wealth. Robert Kiyosaki also classifies the four main “asset” classes as means of gaining wealth.:[29] Businesses: Businesses that generate monthly cash flow that don’t require the owners physical presence. Real Estate: Real estate such as owning warehouses, small family homes, or apartment houses that generate monthly cash flow. Paper Assets: Investments such as stocks, bonds, hedge funds etc. Commodities: Gold, silver, iron ore, or copper that are used to hedge government’s mismanagement printing of the nations...

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Robert T. Kiyosaki – “The Business of the 21st Century”

Robert T. Kiyosaki knows a good thing when he sees it. That’s why, for the past several years, he has been a staunch supporter of community commerce. Like many people, Robert was skeptical about the industry at first … until he learned firsthand what community commerce is all about: It’s about helping people. Like billionaires Donald Trump and Warren Buffet, Robert is sold on community commerce. He wants to share his insights with you on why he believes it is the business model of the 21st century—and why now is the perfect time to take advantage of the opportunities it offers! If you’re worried about losing your job through down-sizing, or just want to take charge of your future by taking control of your income source, you need The Business of the 21st...

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Robert Kiyosaki – Rich Dad Poor Dad, Cashflow Quadrant, Financial IQ, and The New Rules of Money

Free E-book about Internet Product Launches—–( Robert Kiyosaki – Rich Dad Poor Dad,) – What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Robert Kiyosaki Rich Dad Poor Dad A large part of Kiyosaki’s teachings focus on what he calls “financial education” generating passive income by means of investment opportunities, such as real estate investments and businesses, with the ultimate goal of being able to support oneself by such investments alone and thus achieving true financial independence WITHOUT working for a paycheck. In tandem with this, Kiyosaki defines the term “assets” as things that generate cash inflow, such as stock dividends, rental properties, or businesses, and the term “liabilities” as things that use cash, such as houses, cars, and so on. Kiyosaki continuously argues that financial leverage is critically important in becoming rich, despite the inherent financial risks, repercussions, and pitfalls that come with it. Originally self-published before being picked up commercially to become a best seller, the central concept of the book is an anecdotal comparison of his “two fathers.” His “poor dad” was his biological father, who was highly educated and became Superintendent of the Hawaii State Department of Education but was poor. Contrasted with this is his (arguably fictitious, see “Criticism and controversy” section of this article) “rich dad,” his best friend’s father who became “the richest man in … Video Rating: 4 /...

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Robert Kiyosaki (How To Survive Economic Crisis) with Gold & Silver – Part 2/2

www.richerdaddy.com – Robert Kiyosaki (How To Survive Economic Crisis) with Gold, Silver and Financial Education – Part 2 Rich Dad Poor Dad author Robert Kiyosaki is our guest this week. His next book to be released soon is An Unfair Advantage: The Power of Financial Education, and Why The Rich Are Getting Richer Even in a Financial Crisis. Robert discusses the real “Conspiracy of the Rich” that is continuing to impoverish the middle class while at the same time making financially educated investors even richer. He also explains: * Why Robert is holding off on buying any more gold * Where silver is headed * Why stocks are bound to collapse at any moment * Why saving cash right now is a really, really terrible idea * How the American government is turning into a fascist state * Why Robert couldn’t care less what his credit score is * The ideal monthly rent dollar amount he likes best when looking for the best apartment complexes to buy * How To Survive Economic Crisis In the latest installment of Kiyosaki’s Rich Dad series, he opts for an innovative approach with largely diminished returns: struggling with a way to inform average citizens on the current economic crisis, and how to rise above it and How To Survive Economic...

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National Achievers Congress Robert Kiyosaki & Kim Kiyosaki in Deutschland September 2012

Preview of National Achievers Congress 2012 with Robert Kiyosaki & Kim Kiyosaki in...

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