Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

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Is the worst over?

A recent article by Robert Kiyosaki entitled Preparing for the Worst caught my eye.  After all, isn’t this sound financial advice for all of us?  That’s why we Fools have things like emergency funds. The article, however, wasn’t about wills, life insurance, or anything like that (which is what I was expecting based on the title), but rather a list of reasons why Kiyosaki thinks that “The worst is yet to come” in the stock market.  Unfortunately, however, Kiyosaki doesn’t tell us how to go about preparing for it. I’ll have to admit that while some of his reasoning as to why we may have more tough times ahead in the market (and I don’t profess to know one way or the other the way the market’s headed over the short or even intermediate term) seems plausible on the surface, I think he misses the mark in a few places. 1. I believe the stock market is being manipulated. I suspect the government, banks, and Wall Street are doing everything they can to keep the market from crashing. Our leaders know that nothing makes the world feel better than a raging bull market. Government’s hand has been a very heavy one in the economy lately.  Everything from bailouts of companies like AIG and GM to the Cash for Clunkers program is evidence of this.  Maniplating the stock market?  I’m not so sure.  Manipulating the economy (which has an impact on the stock market)?  Absolutely.  I wish the manipulation were related only to the stock market and not to the economy as a whole, because I fear that the long-term ramififications of many of the government’s recent actions may place an unnecessary drag on the economy for a long time to come. 2. In my view, this global crisis has been caused by the Federal Reserve Bank, the U.S. Treasury, Wall Street, and the central banks of the world. They caused the problem, profited excessively in doing so, and now profit by being asked to fix the problem. While each of the above entities certainly had a hand in creating the mess, laying this problem solely at the feet of financial istitutions is a bit like blaming McDonald’s and Burger King for America’s growing obesity problem.  We gladly borrowed all that money and took out loans for all kinds of stuff despite a lot of good financial advice that’s readily available to us that urged us not to take on too much debt (you know, at places like this Fool.com outfit I keep hearing about) just like we gladly and willingly wolf down Big Macs and Whoppers despite all of the information out...

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Robert Kiyosaki & Joe Aldeguer
Sep19

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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Leadership: On Making Mistakes
Jul03

Leadership: On Making Mistakes

Because we live and work in a society where making mistakes isn’t well-tolerated, it can be difficult to see any value in making mistakes. After all, mistakes often cost us time and money, and in small business both of these resources are at a premium. However, you might be surprised that some of the most prominent leaders in the world value mistakes-a lot. Take a look at what some of these leaders have to say about making mistakes. Gordon Moore, co-founder, Intel “One thing a leader does is to remove the stigma of mistakes. People who are afraid of making mistakes all the time just don’t try anything.” Sam Walton, founder, Walmart Sam Walton, famous for driving an old beat-up pickup truck to work even when his worth was in the billions, was fond of saying that if you keep expenses down you can afford to make a lot of mistakes! Robert Kiyosaki, bestselling author, “Rich Dad Poor Dad” In his book “Business School for People Who Like Helping People,” Kiyosaki recounts how he learned the process of selling: by making mistakes. In the context of sales, Kiyosaki calls it rejection. He and his sales mentor, Charlie Robinson, would make sales calls together. Robinson would say virtually nothing during the visit, but would simply watch Kiyosaki work. Then the two would return to the office and review every mistake Kiyosaki made that caused a rejection. During that time, Kiyosaki even volunteered at a charity organization, making cold calls, so he could increase his rejection rate and learn from them. The message? Make as many mistakes as you can because mistakes are how you learn. Herb Kelleher, co-founder, Southwest Airlines When one of Southwest Airline’s property managers made a mistake (he made an oral commitment of $400,000 to the City of Austin for the preliminary design of a new airport when Southwest had no intention of supporting the new airport), Herb Kelleher backed his manager with the money. Although the lesson was hugely expensive, Kelleher didn’t get upset. He just jokingly told the manager: “Now pal, this is a fairly expensive lesson. A $400,000 lesson-I hope you remember it!” Does that give you a new perspective on the value of making mistakes in your small business, and learning from them? Stephanie Valentine Here is the original: Leadership: On Making...

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The Ideal Business in Todays Economy by R  Kiyosaki
Jun23

The Ideal Business in Todays Economy by R Kiyosaki

From : YouTube :: Tag // businessAuthor: moneywizbiz Keywords: The Ideal Business in Todays Economy by R Kiyosaki Added: June 23, 2009 The Ideal Business in Todays Economy by R...

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Wealth Gurus and Their Financial “Wisdom”

Do you know what a wealth guru is?  A wealth guru is a guy who is usually quite wealthy himself, but whose money principally comes from the sales of books, CDs, and other programs that dispense the unconventional advice that supposedly makes him unique and which is certain to make you wealthy, too. Robert Kiyosaki, he of the Rich Dad, Poor Dad brand, is one of these gurus.  His own success as a business owner, before fashioning himself as a financial “educator,” was mediocre, at best.  He is supposedly a highly successful real estate investor, but there are few publicly-known details on that.  In short, Kiyosaki appears to be a wealth guru on the basis that so many others are – he has managed to successfully market himself as such. Kiyosaki recently wrote an article entitled Why the Cheap Will Never Get Rich (find it here: http://finance.yahoo.com/expert/article/richricher/153515), and it’s horrible.  The article is disorganized and rambling, but that’s not the worst part.  The worst part is that when it does dispense advice, it tells people to do all of the wrong things, or rather, tells them to refrain from doing any of the right things.  Here’s a disturbing passage: “Millions of people are living in fear because they followed conventional wisdom: Go to school, get a job, work hard, save money, buy a house, get out of debt, and invest for the long term in a well-diversified portfolio of mutual funds. Many people who followed this financial prescription are not sleeping at night. They need a new plan. Had they sought out a little financial education, they might not be entangled in this mess.” A key component to the oftentimes non-specific, rah-rah advice these guys dole out is the insulting of people who engage in the standard practices associated with living prudently and building net worth over the long term.  It’s about suggesting that the way to wealth is to be “bold,” to leverage yourself to ridiculous levels in order to buy real estate, stocks, businesses, etc., and if it all doesn’t work out, go bankrupt and try it all over again.  Haven’t you heard that real winners are ten-time losers before they become mega-rich?  Well, haven’t you??  Get out there and be a winner!! When you think about it, the passage quoted above is tantamount to saying that the best way to ensure that you’ll flunk out of college is to never miss a class, study hard every single night, do extra work, and stay after each class to speak with your instructors; the advice simply makes no sense.    Just the sort of “wisdom” we need right now,...

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Residual Income for LIFE
Mar25

Residual Income for LIFE

From : YouTube :: Tag // homebusinessAuthor: UOIScampus Keywords: residual income Robert Kiyosaki mlm ression proof industry professionals home business marketing Added: March 24, 2009 View original post here: Residual Income for...

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“Quick Reno”

Jassie Osei-Tutu “Kid CashFlow Canada” does “Quick Reno” on Apt.203-1518 West 70th in Vancouver B.C. Canada. “Home of the 2010 Olympics. tags: canada cash cawley charissa chico chris colin from recent posts tagged preston – blip.tv (beta) Read more here: “Quick...

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Kiyosaki strikes it rich again

By Louis Sahagun Los Angeles Times One day in spring 2007, the phone rang in the little Buddhist center in Long Beach that has been the focus of the Venerable Tenzin Kacho’s life since she was ordained a nun by the Dalai Lama. On the other end of the line was her brother, Robert Kiyosaki, a combat helicopter pilot in Vietnam who crashed three times and went on to become a globe-trotting entrepreneur and author of a bestselling book on personal finance, “Rich Dad, Poor Dad.” He was calling from his publisher’s office in New York. There were some pleasantries, then Kiyosaki cut to the chase: “I’ve got a great idea for you. We’re going to write a book together.” Some background: Tenzin and her brother were raised in a family of Japanese descent in Hilo. Their father was the state superintendent of schools. Their mother was a registered nurse. The book, her brother said, would be an inspirational blend of Eastern religion and business acumen told through their own experiences and conclusions about what is ultimately meaningful in life. “It’ll be great,” said Kiyosaki, a self-described meat-and-vodka deal-maker who believes that peace comes after a fight. “We’ll promote the book on a world tour. Eventually, you can start your own book series. I can see the titles now: Karma. Reincarnation. Compassion.” For Tenzin, a soft-spoken woman who wears saffron robes and shaves her head, the idea seemed audacious. Peace, meditation and loving kindness had been the bywords of her life at the center, an enclave of intricate altars, incense, votive candles and framed images of the Dalai Lama. Yet, to hear her brother tell it, the endeavor would bring a double benefit: It would help self-centered business people — such as him — get in touch with their inner Buddha. And it would make a working woman out of her and vastly expand the reach of her spiritual counseling. Tenzin calls it one of the hardest decisions of her life. Only months earlier, Tenzin, whose secular name is Emi Kiyosaki, had undergone an angioplasty that left her with out-of-pocket medical bills totaling $17,000 and ongoing battles with what she calls “a really bad insurance company.” No surprise there. While seeking spiritual perfection, she had all but ignored practical matters such as researching adequate insurance coverage, creating bank accounts and earning an income. Not anymore. Her collaboration with her brother resulted in publication this year of their book “Rich Brother, Rich Sister: Two Different Paths to God, Money and Happiness.” It also has redefined her priorities. In accordance with an adage espoused by her brother — “Give a man...

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Free, Collaborative Book

Business Plus, an imprint of Grand Central Publishing (Hachette Book Group), announced today that one of its flagship authors, Robert T. Kiyosaki of Rich Dad Poor Dad fame, will release an innovative new book, CONSPIRACY OF THE RICH: The 8 New Rules of Money, that will be available worldwide online — and for free. The introduction has been released and is available on www.conspiracyoftherich.com as well as via a direct link from www.richdad.com An unprecedented publishing event for Kiyosaki and The Rich Dad Company, CONSPIRACY OF THE RICH will be an interactive, “Wiki-style” project in which Kiyosaki will invite feedback, commentary, and questions from readers across the globe which will then be incorporated into the book as it is written and released, chapter by chapter, on the Internet. The entire process is interactive — featuring a blog written by Kiyosaki, forums with questions related to specific chapters where readers can share their comments and respond to forum posts from other readers, and an email process by which readers can send in their questions This bold and unique approach will enable the millions of people around the world who have put the Rich Dad principles to work in their lives — as well as those who are challenged by today’s harrowing economic times — to engage directly with Kiyosaki and literally help him shape his new book as it is being written. CONSPIRACY OF THE RICH will share Kiyosaki’s view of global economics and why people are now finding themselves challenged by these turbulent times. As Kiyosaki attests, people not only want solutions to their financial problems, but also real answers as to what created today’s economic chaos — and how it can be eased. As CONSPIRACY OF THE RICH will make clear, what appears to be the worst of times may very well be an opportunity in the making. In Kiyosaki’s opinion, people should expand their means and live a life that they want to live by investing in their financial education. “This is the right book… at the right time… at the right price,” said Kiyosaki, in reference to the free and universal access to this book. “This is not the time for traditional answers. The time for this book is now… and the Web will let us do that.” “We are living in tumultuous, unsettling and frightening economic times,” said Rick Wolff, publisher and editor-in-chief of Business Plus and publisher of Rich Dad Poor Dad and the 26 books in the Rich Dad series, “and Robert believes that people today, perhaps more than ever before, are hungry for information and financial education.” Wolff stressed, “The fact that...

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Following Robert Kiyosaki
Sep06

Following Robert Kiyosaki

Getting into the top of the financial ladder is just inconceivable to most people. While most people feel that working hard will get them to places where they are truly satisfied, all of them will probably think that just it is not enough. Then, we have a significant few who take finances in a different light and continue to work smart. Knowing that money can work for them represents a changing shift and lifestyle that all should consider following. This is the story or Robert Kiyosaki’s Rich Dad, Poor Dad. Now a financial bestseller and motivational classic, Robert Kiyosaki communicates a crucial point in finding financial success, which is, make money work for you. Robert Kiyosaki’s motivational books sold over 26 million copies with a multitude of his motivational materials still in print. Even today, he is one of the most influential self-help speakers. Robert Kiyosaki leads a mindset shift, manifested by a trend so successful today. In his discussion of haves and have-nots, Robert Kiyosaki describes two similar “Dads” with the same talent, skills, and education. However, one dad is rich, while the other dad is poor. He stresses that the line between a Rich Dad and a Poor Dad is drawn by critical differences in perspectives. The poor father “works hard for money.” Meanwhile the rich father “makes money work for him.” This saying almost poses a cliché, yet Robert Kiyosaki helped us grasped this ideas in an organized manner where all success-driven people can identify with. The idea of the Rich Dad revolves around education, empowerment, and the basic knowledge of how money works. Robert Kiyosaki suggests different financial strategies and key information on investments, high finance, and accounting. However, Robert Kiyosaki also knows that knowledge and a perception shift is not enough. The Rich Dad should apply their new mindset and turn into reality. This involves a lot of courage, self-belief, and following your gut. The combination of a successful mindset and the will to act led to the most critical philosophies of Robert Kiyosaki’s message. Originally posted here: Following Robert...

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