Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki

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Julie Murphy Casserly – The Emotion Behind Money: Building Wealth from the Inside Out
Sep23

Julie Murphy Casserly – The Emotion Behind Money: Building Wealth from the Inside Out

From The Oprah & Friends Radio Show with Jean Chatzky, 16 September 2008 The Emotion Behind Money: Building Wealth from the Inside Out by Julie Murphy Casserly This book is based upon an insight that’s literally turning the financial services industry upside down. It’s the notion that we each have specific emotions, or emotional patterns, attached to money that were imprinted on us before we even had a choice to have a checking account. Whether you personally recognize this or not, today those emotions impact every financial decision you face. They are responsible for how you make money and how you keep it, or whether, as is often the case, it seems to go out the door faster than it comes in. Amazingly, those feelings are not just fleeting reactions; they actually influence how much money you’ll make and amass throughout your entire life! The purpose of this book is to help you recognize your emotions behind money, and likewise help you discover healthier ways to respond to those feelings. Through everyday language, lively anecdotes, and engaging exercises it will: – Help you see your life and your money through a different lens; – Empower you to align your financial destiny by living from the inside out; – Teach you how to discover and define what you truly desire to live abundantly. Customer Rating: Read Reviews Tags: Marci, Shimoff, and, Carol, Kline, The, Emotion, Behind, Money, Building, Wealth, from, the, Inside, Out Social Bookmarking View original here: Julie Murphy Casserly – The Emotion Behind Money: Building Wealth from the Inside...

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Joe Navarro and Marvin Karlins – What Every BODY is Saying: An Ex-FBI Agent’s Guide to Speed-Reading People
Sep22

Joe Navarro and Marvin Karlins – What Every BODY is Saying: An Ex-FBI Agent’s Guide to Speed-Reading People

From The Oprah & Friends Radio Show with Jean Chatzky, 15 September 2008 What Every BODY is Saying: An Ex-FBI Agent’s Guide to Speed-Reading People by Joe Navarro and Marvin Karlins Read this book and send your nonverbal intelligence soaring. Joe Navarro, a former FBI counterintelligence officer and a recognized expert on nonverbal behavior, explains how to “speed-read” people: decode sentiments and behaviors, avoid hidden pitfalls, and look for deceptive behaviors. You’ll also learn how your body language can influence what your boss, family, friends, and strangers think of you. You will discover: * The ancient survival instincts that drive body language * Why the face is the least likely place to gauge a person’s true feelings * What thumbs, feet, and eyelids reveal about moods and motives * The most powerful behaviors that reveal our confidence and true sentiments * Simple nonverbals that instantly establish trust * Simple nonverbals that instantly communicate authority Filled with examples from Navarro’s professional experience, this definitive book offers a powerful new way to navigate your world. Customer Rating: Read Reviews Tags: Joe, Navarro, and, Marvin, Karlins, What, Every, BODY, is, Saying, An, Ex-FBI, Agent’s, Guide, to, Speed-Reading, People Social Bookmarking View original post here: Joe Navarro and Marvin Karlins – What Every BODY is Saying: An Ex-FBI Agent’s Guide to Speed-Reading...

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Bonnie St. John – Money: Fall Down? Get Up
Sep21

Bonnie St. John – Money: Fall Down? Get Up

From The Oprah & Friends Radio Show with Jean Chatzky, 10 September 2008 Money: Fall Down? Get Up! by Bonnie St. John This is the easiest most enjoyable little book on money you’ll ever find! Take the 60-day money challenge and turn your downfalls into strengths. You will gain confidence, basic skills and plan out next-steps for a lifetime of prosperity. Gather your friends and family to take the 60-day money challenge together… and get results faster! Customer Rating: Read Reviews Tags: Bonnie, St., John, Money:, Fall, Down?, Get, Up Social Bookmarking Continued here: Bonnie St. John – Money: Fall Down? Get...

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Who Took My Money?
Sep20

Who Took My Money?

Another successful addition to the range of financial books written by Robert T. Kiyosaki together with Sharon L. Lechter, Who Took My Money is a worthy read. It is divided into 2 main parts. The 1st aims to address the importance of having a synergy of advisors as well as taking into account their different points of view. The 2nd is about the synergy of various assets and financial forces. Take a look at the content page below. Study it carefully, which part does it answer the question of Who Took My Money?  (Part 1) What should I invest in? 1. Ask a Salesperson 2. Ask a Cattle Rancher and Then Ask a Dairy Farmer 3. Ask Your Banker 4. Ask Your Insurance Agent 5. Ask The Tax Man 6. Ask a Journalist 7. Ask a Gambler 8. Ask Newton 9. Ask Father Time  (Part 2) Ask an Investor! 10. 4 Reasons Why Some People Can’t Become Power Investors 11. The Power of Power Investing 12. Gambling Rather Than Investing 13. How to Find Great Investments 14. How to Be a Great Investor 15. Winner or Loser? It is obvious that the book deals more with investments rather than money loss. In my opinion, Who Took My Money is just a provocative title aimed at boosting book sales. It is human psychology, books with cheeky titles fare better than books with boring titles. If this book were to be titled ‘Investments’, it would be competing with the numerous other books already titled this way. Misleading…because Kiyosaki does not spend many pages explaining where our money is disappearing to (taxes are your single largest expense). Criticisms aside, this book is developed in an unorthodox ‘interview style’, making it both intriguing and engaging at the same time. Rather than doing a whole summary of the book resulting in a diluted book review, I want to share something I learnt from the chapter ‘The Power of Power Investing’, which I feel is the most important chapter of the book. Why the Rich Get Richer!   Conventional attitudes and wisdom lead us to be working in the E and S quadrant. Usually individuals in this group will only have 1 source of income which is their paycheck and they cannot survive prolonged periods without it. Referring to the chart, they save, reduce debt, pay off mortgage, buy paper assets first and invest in a long term retirement plan. Turn your attention over the right side of the chart. Instead of operating from the E-S quad, the rich operate in the B-I quad. Instead of using their own money & time to invest, the...

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Laurence Kotlikoff  and Scott Burns – Spend ‘Til the End: The Revolutionary Guide to Raising Your Living Standard–Today and When You Retire
Sep07

Laurence Kotlikoff and Scott Burns – Spend ‘Til the End: The Revolutionary Guide to Raising Your Living Standard–Today and When You Retire

From The Oprah & Friends Radio Show with Jean Chatzky, 5 September 2008 Spend ‘Til the End: The Revolutionary Guide to Raising Your Living Standard–Today and When You Retire by Laurence J. Kotlikoff and Scott Burns Rich or poor, young or old, high school or college grad, this book, written by economist Laurence J. Kotlikoff and syndicated financial columnist Scott Burns, can change your life for the better! If you follow the advice in this book, it will raise your living standard (possibly by a lot), improve your lifestyle, and help you spend ’til the end. And it will completely transform your financial thinking, turning every bit of conventional financial wisdom on its head. If this sounds like a revolution in financial planning, you got it. So do The New York Times, The Washington Post, The Wall Street Journal, USA Today, Time, Consumer Reports, and other top publications that have been featuring the authors’ economics-based “consumption smoothing” approach to financial planning. Spend ‘Til the End substitutes economic wisdom for the “rules of dumb” that currently pass for financial advice. In the process it indicts the investment and financial-planning industry for giving most people saving and insurance targets that are much too high and then convincing them to invest in risky mutual funds and expensive insurance policies. The result is that most people are scrimping and saving during the years when they could be spending and enjoying their money — and with no sure payoff. Easy to read, this book is packed with practical and often shocking advice on whether to work, how to pick a career, which job to take, where to live, what sort of house to buy, how much to save, when to retire, which kind of retirement account to use, whether to have kids, whether to divorce, when to take Social Security, how fast to spend down your assets in retirement, and how to invest. Customer Rating: Read Reviews Tags: Laurence, J., Kotlikoff, , Scott, Burns, Spend, ‘Til, the, End, The, Revolutionary, Guide, to, Raising, Your, Living, Standard–Today, and, When, You, Retire, Social Bookmarking Read more from the original source: Laurence Kotlikoff and Scott Burns – Spend ‘Til the End: The Revolutionary Guide to Raising Your Living Standard–Today and When You...

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Frank Luntz – Words That Work, Revised, Updated Edition: It’s Not What You Say, It’s What People Hear
Sep06

Frank Luntz – Words That Work, Revised, Updated Edition: It’s Not What You Say, It’s What People Hear

From The Oprah & Friends Radio Show with Dr. Mehemet Oz, 2 September 2008 Words That Work, Revised, Updated Edition: It’s Not What You Say, It’s What People Hear by Frank Luntz Luntz offers a behind-the-scenes look at how the tactical use of words and phrases–the power of language–affects political choices, purchases, and even personal belief. A new chapter shares insight on the language of the 2008 elections. Read Reviews Tags: Frank, Luntz, Words, That, Work,, Revised,, Updated, Edition:, It’s, Not, What, You, Say,, It’s, What, People, Hear, communication Social Bookmarking Here is the original: Frank Luntz – Words That Work, Revised, Updated Edition: It’s Not What You Say, It’s What People...

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Ray Kurzweil – The Singularity Is Near: When Humans Transcend Biology
Aug30

Ray Kurzweil – The Singularity Is Near: When Humans Transcend Biology

From The Oprah & Friends Radio Show with Dr. Mehmet Oz, 18 August 2008 The Singularity Is Near: When Humans Transcend Biology by Ray Kurzweil For over three decades, Ray Kurzweil has been one of the most respected and provocative advocates of the role of technology in our future. In his classic The Age of Spiritual Machines, he argued that computers would soon rival the full range of human intelligence at its best. Now he examines the next step in this inexorable evolutionary process: the union of human and machine, in which the knowledge and skills embedded in our brains will be combined with the vastly greater capacity, speed, and knowledge-sharing ability of our creations. Full Details Tags: Ray, Kurzweil, The, Singularity, Is, Near:, When, Humans, Transcend, Biology Social Bookmarking See the original post: Ray Kurzweil – The Singularity Is Near: When Humans Transcend...

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Robert Kiyosaki: How to Make Money?

This is a video clip on Rich Dad Poor Dad – How to Make Money? by Robert Kiyosaki which I think is good and useful for both entrepreneurs and wannabe entrepreneurs. Robert Kiyosaki: Rich Dad Poor Dad talk on “How to Make Money?” Broke is Temporary and Poor is Eternal.  Don’t work for money but let money work for you. Which one are you? Read the original here: Robert Kiyosaki: How to Make...

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Mark Zandi – Financial Shock
Aug17

Mark Zandi – Financial Shock

From The Oprah & Friends Radio Show with Jean Chatzky, 14 August 2008 Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis by Mark Zandi The subprime financial crisis is the decade’s #1 financial story. What happened? How did it occur? And how can we prevent similar crises from happening again? Dr. Mark Zandi answers all these critical questions – systematically, carefully, and in plain English. Zandi begins with a fast-paced “history” of the crisis: where it started, how it spread, and where the fallout has landed. Next, he illuminates its deepest causes, ranging from the psychology of homeownership to Alan Greenspan’s missteps. You’ll watch the “flippers” at work and the real estate agents who cheered them on. You’ll learn how Internet technology and access to global capital transformed mortgage lending, helping irresponsible lenders “drive out” good ones. Zandi demystifies the complex financial engineering that enabled lenders to hide growing risks and shows how global investors eagerly bought in, despite key warning signs. You’ll discover how homebuilders contributed to the crisis, and how flummoxed regulators and policymakers failed to prevent it. Zandi offers indispensable advice for investors who must recognize emerging bubbles, policymakers who must improve oversight and citizens who must reduce their risks, so they can survive whatever comes next. Customer Rating: Read Reviews Tags: Mark, Zandi, , Financial, Shock, A, 360º, Look, at, the, Subprime, Mortgage, Implosion,, and, How, to, Avoid, the, Next, Financial, Crisis Social Bookmarking View original post here: Mark Zandi – Financial...

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Keeping fingers away from Investment account
Aug14

Keeping fingers away from Investment account

One of the reasons why I write this thing here now, is to keep me accountable and help me have some discipline 🙂 So what’s the problem? The problem is that I got margin call when Silver was somewhere around 14.44 USD. Now in couple of last days it has gone up to 14.86… So I decided not use anymore strategy called buy and pray or wait and lose :-p But in the back of my head my Little Voice is still telling “Jump in” or “Get an new position, because otherwise you will miss out the opportunity.” etc. So I decided that my strategy is: Buy when Silver price goes over 14-day moving average. And where I look this information is http://www.lbma.org.uk/ and based on that create my own graph. Sell when Silver price goes under 14-day moving average. And I will change the strategy after Silver price will go over 200-day moving average.In this point the strategy will be: Buy when Silver price goes over 200-day moving average. (This last happened 9/20/2007) Sell when Silver price goes under 200-day moving average. (This last happened 8/5/2008) So in the end I will not have many buying/selling going on… and for selling probably I can put a Stop in place. I now found out how I could do that… I just need to try it out, how it works in real environment. Last thing: I will continue with futures. The main thing why I like the futures is that gain or loss is accounted every day. So I can’t hide myself somewhere and “decide” in some point that now I’m going to be a long-term investor, when my actual idea was to be a short term speculator.The second point is that when things will go as planned and I create some money out of this strategy I can start removing the money from investing account and move it into other deals. Original post: Keeping fingers away from Investment...

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