Wisdom of Rich DadWisdom of Rich DadLayman's view of the teachings and learnings from Robert Kiyosaki books such as Rich Dad, Poor Dad and Cashflow Quadrant 
Articles
How wealthy are you?
2007-11-19 04:36:00 Thomas Stanley and William Danko, author of “The Millionaire Next Door: The Surprising Secrets of America’s Wealthy ”, created a formula to help you determine whether you are indeed wealthy based on your income. The formula is as follows: (Age x pretax annual household income from all sources except inheritances)/10 This formula is what your expected wealth should ...
Why Do People Believe Robert Kiyosaki Has a Clue?
2007-11-17 12:06:00 Staci Carsten (http://allpacificmortgage.blogspot.com) Several of the people I meet who want to become real estate investors, have been reading Rich Dad Poor Dad, and they?d like me to tell them how to hurry up and get rich off real estate. Usually I refrain from telling them that not even Kiyosaki, himself, got rich overnight in real ... More About: People , Robert Kiyosaki , Robert , Robe
Robert Kiyosaki speaks?preparing for retirement.
2007-11-15 08:58:00 What’s the best way Americans can prepare for retirement? How should people invest their money? As some people know, my rant is: “Why doesn’t our school system teach kids about money and investing?” Rich or poor, smart or not smart, we all use money. Really that’s where it starts. I know 95 percent of the people ... More About: Retirement , Robert Kiyosaki , Robert , Robe , Prep
Put Power In Your Passive Income Strategy
2007-11-13 02:52:00 When I start talking to people about building a passive income business by following the teachings of financial freedom guru Robert Kiyosaki, I immediately hear about people’s plans for buying real estate. Anyone who has read the book Rich Dad, Poor Dad thinks that Robert Kiyosaki is all about investing real estate and buying rental or ... More About: Power , Strategy , Investment , Passive Income , Income
Building up a home business
2007-11-11 08:47:00 Making money from the comfort of your home with a web-based business is an ideal opportunity for some. However, while many will ponder the decision, action comes very slowly. Doubt will surface and a “too good to be true” mentality will creep in. Leaving the comfort and security of their present job situation will create anxiety ... More About: Business , Building , Home Business , Home , Sine
13 Reasons of Why Most Business Fail (Part 3)
2007-11-09 08:24:00 Final part of Rick Sloboda?s ?13 Reasons of Why Most Business Fail? ~~~ 9. Fighting change Accept change, insists Jack Welch, former GE CEO and best-selling author. ?Business leaders who treat change like the enemy will fail?? he stated. ?Change is the one constant, and successful business leaders must be able to read the ever-changing business environment.? Accordingly, it?s ... More About: Part , Part 3 , Sine
13 Reasons Why Most Businesses Fail (Part 2)
2007-11-07 03:18:00 Second part of Rick Sloboda’s “13 Reasons of Why Most Business Fail” ~~~ 4. Being afraid to lose Failure inspires winners, and failure defeats losers, wrote Rich Dad, Poor Dad author Robert Kiyosaki. He noted: ?The greatest secret of winners is that failure inspires winning; thus, they?re not afraid of losing.? Kiyosaki explained there?s a big difference between ... More About: Part , Businesses , Sine
13 Reasons Why Most Businesses Fail (Part 1)
2007-11-05 11:09:00 Rick Sloboda, Senior Web Copywriter at webcopyplus.com For any business ? online or not ? the odds are stacked against success. In fact, sources indicate as many as nine out of 10 businesses fail within five years. Having the fortune to work with a host of successful businesses ? from independent designers to global service providers - ... More About: Business , Reasons , Part , Businesses , Sine
Robert Kiyosaki in Israel
2007-11-03 06:06:00 REAL ESTATE guru and best-selling author Robe rt Kiyosaki who wrote Rich Dad Poor Dad came to Israel ostensibly to promote his new book We Want You to Be Rich, written with Donald Trump, another real estate maven, who is currently investing in Israel. But what Kiyosaki was really here for was to promote the concept of ...
Blast from the past
2007-11-01 05:53:00 ~By Robert Kiyosaki In 1969, I graduated from the U.S. Merchant Marine Academy and was offered two jobs. I took the job paying $47,000 a year and turned down one paying $75,000 a year because it required me to join a labor union. I’m not against labor unions. I am against being obsolete due to obsolete ideas. ... More About: Blast from the Past , Past , Blast
Affirmation
2007-10-30 14:49:00 Most of us read Robert Kiyosaki’s Rich Dad series and then get fired up and made promises to ourselves that we are going to do something for our own financial freedom. But days goes by, we get busy and soon enough, we forgotton what we had in mind about achieving our financial goal. Isn’t that familiar. How can we conquer that inertia? I found this article a ... More About: Affirmation , Irma
OPT - Your Secret Wealth Creation Strategy?
2007-10-28 06:04:00 You may have heard of using OPM, or Other People’s Money, to leverage yourself to true wealth. This wealth building strategy has worked for many investors in the real estate and options markets. But have you heard of OPT? What is OPT? The OPT wealth creation strategy uses the same principle, leverage, but here we are using ... More About: Wealth , Strategy , Secret , Creation
Basics of Investment Planning
2007-10-26 16:48:00 by Mika Hamilton In today’s current investment markets, there has been an increase in the number of individuals deciding and adhering to an investment plan. Perhaps this is caused by the drastic increases in the cost of living or the profound insecurity about the future of social security, and retirement funds. Many families are looking ... More About: Investment , Planning , Basics
7 Ways To Know When To Invest - And When To Get Out
2007-10-24 12:54:00 by Jake Bernstein In order to make money in stocks, a trader has to be aware of two key factors: price and timing. Though many traders are good at discerning the trend of a market, their timing is often poor. Although they may know that a stock will move in a given direction, they find ... More About: Investment , Invest
Index Mutual Fund - The Best Choice For Long-Term Investing?
2007-10-23 01:42:00 by Alexander Korablev Do you believe that the world economy will grow? Do you believe that US economy will grow? I do. The major stock indexes are indicators of economy grow. You can make money use this opportunity buying index funds. Investing into index mutual funds is easy, interesting, and profitable. It takes 5 minutes every month! ... More About: Investment , Mutual fund , Choice , Fund
8 points to evaluate your stock investment
2007-10-21 10:17:00 The very first kind of investment that I have been exposed to is in stock market. And guess how I started? Through co-works at the work place who discuss about their profit and tips during lunch hours and breaks. Soon enough, I was influenced and bought some shares on the “advices” given by co-workers. Does that ... More About: Investment , Stock , Points
Bank Loan Funds
2007-10-19 07:25:00 For most bond owners, a rising interest rate environment is portfolio poison. As rates climb, the price of existing bonds falls. One possible way to offset that decline is by investing in bank loan funds, also known as floating rate funds. These funds can be a risky but rewarding alternative to more traditional fixed-income investments. Bank loan funds consist of loans made by banks or other financial institutions to companies and are often below investment grade. While they’re not true fixed income — you can lose money — they can provide a return equal to or better than high-yield money market accounts. That is because the loans that comprise the funds are very short-term, giving lenders the opportunity to frequently raise the interest rate. This ability to keep pace with interest-rate changes also helps keep your principal more stable than the typical bond fund. Many portfolio managers say that the way these loans are structured removes much of the risk to invest... More About: Loan , Funds
Certificate of deposit investing strategies
2007-10-18 12:12:00 Savvy investors keep a portion of their portfolio in fixed-income investments where it’s not subject to the ups and downs of the stock market. Many people opt for the rock-solid security of certificates of deposit, or CDs, but you don’t necessarily want to go to the bank and simply buy a handful of CDs. Having a strategy can lead to bigger returns. Strategy laddering Interest rates rise and fall, but in a fairly slow manner. If the economy is in a slump and interest rates are in a prolonged low-rate cycle, you don’t want to get stuck buying a bunch of long-term CDs with low interest rates. Laddering CDs can help you beat lengthy low-rate cycles because it allows you to take advantage of interest rates spread over months or years while keeping some liquidity. Laddering takes advantage of the fact that almost always, the highest interest rates are paid to the longest term CDs. In other words, a five-year CD is almost always going to have a higher rate than a one-year... More About: Strategies , Investing , Cert
Who’s financially literate and who’s not
2007-10-16 16:56:00 By Lucy Lazaron • Bankrate.com Want to be a tip-top money manager? Give yourself plenty of time. Bankrate.com’s financial literacy poll shows that Americans with razor-sharp financial skills have been around the block a few times. The average age of people who scored an “A” on our financial literacy test is a spry 54. And they’re not idle. Most are busy juggling the demands of work, marriage and family. Yet, they still find the time to mull over financial decisions carefully. And they’re savers. Despite the incessant financial costs of raising children, they manage to save. Their average household income is an impressive $63,500. They’re Internet-friendly and use the Web to help manage their finances. They’ve got a firm grasp on the key financial matters in their lives. They’re fiscally fit and savvy and they’re a distinct minority. Just 10 percent of Americans polled by Bankrate.com scored an “A” on our financial... More About: Ally
Do I need term life insurance?
2007-10-16 06:56:00 Few things in life are as complicated - and vital - as life insurance. In many cases, you may think that you need a lawyer present to sort through the jumble of confusing legal terms used in a standard term life insurance quote. You need to remember, life insurance companies rely heavily upon statistics that take into account a number of factors, such as age, medical history, and life expectancy, to calculate life insurance quotes for potential customers. These policies are legally binding, and the insurance company is taking a risk on anyone they insure - which is precisely why any given policy is filled with so much legal jargon that even lawyers might feel overwhelmed when reading through it! But don’t worry - there is a light at the end of the tunnel, because your life insurance quote is not as complicated as it may seem at first. Do I even need term life insurance? That is a great question, and the answer depends on exactly what needs you happen to have. There are numerou... More About: Life , Insurance , Life Insurance , Term , Term Life Insurance
Upselling Skills
2007-10-13 16:17:00 Robert Kiyosaki was the worst salesman when he first started selling. Perhaps, he did not know of this story: ~ The manager of a megastore came to check on his new salesman. “How many customers did you serve today?” the manager asked. “One,” replied the new guy. “Only one?” said the boss. “How much was the sale?” The salesman answered, “$58,334.” Flabbergasted, the ... More About: Skills
Be financially literate
2007-10-12 03:40:00 Julius Apegu Author Peter Drucker once said: “The best way to predict the future is to create it.” If you ‘re searching for a way to get more out of life or if you’re in need of more for yourself and your children, you must get financial education to create your desired future. There are three types ... More About: Ally
Fear of becoming rich
2007-10-10 16:18:00 If I want to be successful and rich, then I need to overcome my fear of failure. That is my conclusion after attending quite a few seminars and reading a lot of books including the Rich Dad’s series by Robert Kiyosaki. If I could overcome my fear of failure, then I would be able to ... More About: Fear
The plight of the working class
2007-10-06 15:19:00 By Ryan Phillips For those of you unfamiliar with the ?Rich Dad Poor Dad? series written and published by Robert Kiyosaki, it is a series of financial books contrasting the philosophies of the ?Rich Dad and the Poor Dad.? If you?ve read my previous columns, it is probably of little surprise that the Poor Dad is ... More About: Class , Working , Workin
How fast is your money moving?
2007-10-04 14:56:00 By Robert Kiyosaki For years, I choked when I heard such a question. I choked because I was at a loss for words. I was at a loss for words because such a simple question does not have a simple answer. So the answer I came up with was, “It depends.” I tried this answer for awhile ... More About: Money , Moving , Fast
Rich Dad on Total Living Network
2007-10-02 10:45:00 Total Living Network will be airing the Robert Kiyosaki Show beginning 6 October 2007. The show will air on Saturday’s at 10:00 pm Eastern each week. The network is seen on several stations owned by TLN - Chicago, Rockford, San Francisco, and Las Vegas. ~ More About: Rich , Total
Learning from the Best
2007-10-01 18:52:00 - Robert Kiyosaki Now that our book, Why We Want You to Be Rich, is out, I can tell you what working with Donald Trump has been like. Millions of people know “the Donald” as the tough guy who says, “You’re fired” at the end of The Apprentice. I’ve been asked often if he’s that gruff in ... More About: Learning , Earning
How To Build Wealth With The Power Of Gratitude
2007-09-29 09:05:00 Wealth is the product of man?s capacity to think. -Ayn Rand Being grateful for one?s financial situation can be challenging at times. But we must master the ?attitude of gratitude? for true wealth to be ours. For most people, managing their finances becomes a source of constant concern and pressure. There are few who can truthfully say ... More About: Power , Wealth , Gratitude , Build
Response to Wall Street Journal Review
2007-09-27 15:44:00 Letter to the Editor of The Wall Street Journal In response to Getting Going article by Jonathan Clements, October 11th 2006 ~~~ Robert Kiyosaki The recent article by Jonathan Clements on the new book Why We Want You to be Rich I wrote with Donald Trump had very little to do with the message of our book, and everything ... More About: Investment , Review
Building your own business
More articles from this author:2007-09-25 07:52:00 Julius Apegu Becoming financially independent starts with a great desire. By taking advantage of the opportunities crossing your path everyday, you can begin to claim your share of the good things of life. The best way to do it is by building your own business. One writer on financial independence Robert Kiyosaki has advanced three conditions that ... More About: Business , Building , Sine 1, 2, 3, 4, 5, 6, 7 |
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