Tuesday, January 27, 2015

Robert Kiyosaki: Action vs Hope

“Hoping drains your energy. Action creates energy.”


Robert Kiyosaki is a Japanese American investor and author of popular book 'Rich Dad Poor Dad' where he wrote of his two dads. His rich dad taught him to think differently, inspired and helped him get rich on his own.

Monday, January 26, 2015

Do it today -not tomorrow

The most life destroying word of all is the word "tomorrow.”


Robert Kiyosaki is a Japanese American investor and author of popular book 'Rich Dad Poor Dad' where he wrote of his two dads. His rich dad taught him to think differently, inspired and helped him get rich on his own.

Wednesday, January 21, 2015

Building business can be highly rewarding

Building a business is one of the most exciting and rewarding things you can do in life…and it can really pay off. 

As rich dad said, “As a business owner, you don’t have to be right 51 percent of the time. You need to be right only once.” He also said, “Building a business is the riskiest road for most people. But if you can survive and keep improving your skills, your potential for wealth is unlimited. If you avoid risk and play it safe on the E and S side, you maybe safer, but you’ll also limit what you can truly earn.”



Robert Kiyosaki is a Japanese American investor and author of popular book 'Rich Dad Poor Dad' where he wrote of his two dads. His rich dad taught him to think differently, inspired and helped him get rich on his own.

Tuesday, January 20, 2015

Dont be afraid to choose a different path

“The fear of being different prevents most people from seeking new ways to solve their problems.”


Robert Kiyosaki is a Japanese American investor and author of popular book 'Rich Dad Poor Dad' where he wrote of his two dads. His rich dad taught him to think differently, inspired and helped him get rich on his own.

Monday, January 19, 2015

Robert Kiyosaki on problem of having a Job



The problem with having a job is that you cannot sell it, regardless of how hard you work. “For something to be valuable,” said rich dad, “there must be many more people than you who want it.”

When I was working for Xerox in 1975 as a salesman, I met a young man who owned four quick copy shops in Honolulu. While in school, he had run the university’s copy shop and learned the business side of the operation. After school, there were no jobs. So, he started his own copy shop, eventually growing his business to four locations in bigger downtown office buildings with long-term leases.

A major copy chain came to town and made him an offer he couldn’t refuse: $750,000, which was a lot of money in those days. He took the money, bought a boat, gave $500,000 to a professional money manager, and sailed around the world. When he returned a year and a half later, the money manager had grown his investments to $900,000. So, the man just sailed off again.

I was the guy that sold him copy machines for a small commission. He was the guy who built the business, sold it, and sailed away.



Robert Kiyosaki is a Japanese American investor and author of popular book 'Rich Dad Poor Dad' where he wrote of his two dads. His rich dad taught him to think differently, inspired and helped him get rich on his own.

Thursday, January 15, 2015

Dont complain... just take action

“Complaining about your current position in life is worthless. Have a spine and do something about it instead.”


Robert Kiyosaki is a Japanese American investor and author of popular book 'Rich Dad Poor Dad' where he wrote of his two dads. His rich dad taught him to think differently, inspired and helped him get rich on his own.

Wednesday, January 14, 2015

5 traits for success in 2015

 It’s a new year, and all around us people are making resolutions. More than likely, you’ve made some yourself. According to Time, the most common resolutions revolve around three things:
  -  Health
  -  Money
  -  Experiences
These are also the most commonly broken resolutions. That’s not a coincidence.

For most people, New Year’s resolutions focus on things to be done, external things we want to start or quit. Rarely, however, do they involve changing or transforming our fundamental personal traits.

And this is a shame, because it is our personal traits that most often lead to our actions, both wanted and unwanted.

For instance, if I have a problem with overeating, I must not simply make a promise to eat better—I must fix what it is about me that leads to overeating. I must develop new personal traits that will allow me to be successful in what I set out to do. Without doing that, I won’t have the stamina and strength to accomplish my exterior resolution.

Rich dad understood this. To him, there were five personal traits that were required to be successful in life and in business. They are:

1.    Vision
The ability to see a better future. With any goal, you must be able to understand why you are going where you are going. It is not enough to say you want to quit smoking. You must understand the reason why, such as being around for your kids in old age.
   
2.  Courage
The ability to act despite tremendous doubt. Anytime you change something or start something new, it can be scary. We all love the comfort and the security of the familiar. But it is only the courageous who can blaze new trails and make a positive impact on the world around them.

3.  Creativity
The ability to think outside the box. As the old adage goes, “The definition of insanity is doing the same thing over and over again and expecting different results.” On this journey of life, as we seek to achieve our goals, we will often make mistakes. The question is, “What will you learn from them?” The most successful people on the planet are able to embrace the lessons from mistakes and use them to find new and unexplored ways of moving forward. That is the essence of creativity.

4. Fortitude
The ability to withstand criticism. There is not one successful person who has not been criticized. No matter what you set out to do in life, you will meet opposition. Sometimes this criticism comes from other people—and sometimes it comes from that little voice in our head! Either way, you must be able to push forward even when all else is telling you that you’ll fail. And when you do fail, you’ll be able to get up and get moving again. After all, “It’s not how many times you fall, it’s how many times you get up.”

5. Patience
The ability to delay gratification. It can be very difficult to learn to deny short-term, immediate self-gratification in favor of long-term reward. If you want to be healthy, you have to stop eating comfort foods. If you want to travel, you have to save for the trip. If you want to get rich, you have to work hard at building your financial intelligence and investments over time. There is no quick way. There are no short cuts. At least, not any that last. Achieving success in anything takes tremendous patience.



VIA http://www.richdad.com/Resources/Rich-Dad-Financial-Education-Blog/January-2015/rich-dads-five-personal-traits-to-focus-on.aspx

Monday, January 12, 2015

Robert Kiyosaki on focusing on wealth


Rich dad defined wealth by asking, 'If you stopped working, how long could you survive?

The reason Kim and I could retire at 37 and 47, respectively, was because we focused on our wealth.



Robert Kiyosaki is a Japanese American investor and author of popular book 'Rich Dad Poor Dad' where he wrote of his two dads. His rich dad taught him to think differently, inspired and helped him get rich on his own.

Wednesday, January 7, 2015

Handle setbacks as part of life and use it as learning experience

“The size of your success is measured by the strength of your desire; the size of your dream and how you handle disappointment along the way.” 


Robert Kiyosaki is a Japanese American investor and author of popular book 'Rich Dad Poor Dad' where he wrote of his two dads. His rich dad taught him to think differently, inspired and helped him get rich on his own.

Monday, January 5, 2015

Rich people use Bankruptcy laws to their advantage

When Kiyosaki's company, Rich Global LLC was ordered to fork out about US$24mil to the Learning Annex and its founder, Bill Zanker, Kiyosaki's company filed for bankruptcy protection.

Kiyosaki had reportedly used the Learning Annex platform to organise several high-profile speaking engagements. The Rich Global and Learning Annex relationship reportedly generated sales of US$438 million, of which Rich Global got nearly US$45 million in royalties.A court later ruled that Rich Global did not pay the required percentage of profits to Learning Annex and ordered the latter to pay just under US$24 million.

The move to file for bankruptcy protection had many assuming that the author Robert Kiyosaki had no money. But in reality, it was Rich Global that filed for corporate bankruptcy, not Kiyosaki.

Kiyosaki also operates as many as 10 other companies. Rich Global was just one of them and was said to be worth only US$1.8mil in assets when it went under – barely a fraction of the US$24mil dollar judgment.

In Kiyosaki's case, filing for corporate bankruptcy was a clever business strategy intended to safeguard his wealth and use the laws to ones advantage



Robert Kiyosaki is a Japanese American investor and author of popular book 'Rich Dad Poor Dad' where he wrote of his two dads. His rich dad taught him to think differently, inspired and helped him get rich on his own.