Tuesday, March 31, 2015

Invest regularly to make money work for you

Your mindset [on money] will affect the choices and decisions you make. Will you buy a few silver coins and invest money from every paycheck or decide to start a small or home-based business? Or will you buy a new HDTV?

I'm not one to advocate living below your means, but suggest, instead, that we ask ourselves 'How can I expand my means?' One way to do that is to focus on investing. And even small amounts, on a regular basis, will put you on the road to having your money work for you. 



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, March 30, 2015

Learn to speak to a big crowd

If you want to grow your business, you need to be able to speak in front of groups of people—sometimes very large ones—and keep them interested in what you have to say.

More than anything, as I wrote last week, business leadership involves being a great communicator . If you can learn to communicate well, you can increase your cash flow, your operations, and your capital. If you can’t, your business will not grow…and will possibly fail. Nothing prepares you better for communicating than consistently speaking in front of groups of people.

In the end, being able to overcome fears and to speak well in front of others makes you someone that others want to follow. It’s really that simple. And if you want to be a successful business owner and leader, you have to be someone that others want to follow.

As my rich dad said, “There are speakers that no one listens to, there are salespeople that cannot sell, there are advertisers that no one watches, there are entrepreneurs that cannot raise capital, and there are business leaders that no one follows. If you want to be successful in the world of business, don’t be any of those people.”



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, March 23, 2015

Get over your fears to succeed in business

Learning to sell was extremely important for me. It helped me overcome my fear of rejection and communicate the value of a product and a service. If you want to start your own business, you will need to be able to overcome many fears and in order to gain traction, you will need to be able to communicate why what you’re doing brings value, both quickly and expertly.


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, March 18, 2015

Your main job should be Great Communication

When someone comes to me asking what they should do in order to be better prepared to start a business, I always tell them the same thing: “Get a job with a company that will train you in sales.”

That is the exact advice my rich dad gave me when I wanted to start my business. Though I hated sales, and pushed back a bit, I eventually got a job selling at Xerox. Rich dad’s advice proved to be extremely valuable.


Among the important qualities a job in sales will teach you is the ability to communicate effectively. When rich dad told me to get a sales job, I balked at the idea of going door to door to sell copy machines. All he said to that was, “Poor people are poor communicators.” He knew that learning to sell would make me a better communicator, which would make me a better businessman.

I am always amazed at how little time businesspeople put into improving their overall communication skills. Whenever I find a business that is struggling, it is often a reflection of poor communication. As rich dad said, “Cash flowing into your business is in direct proportion to the communication flowing out.”


One of the reasons good communication is so important is because it allows you to meet demand better. Rich dad said, “To be a good communicator, you first need to be good at human psychology. You need to know what buttons to push. Different people have different buttons.” Key to knowing which buttons to push was listening. He said, “Many people are talking, but only a few are listening. Money goes to the best communicators.”

Beyond just meeting demand, good communication internally in your company is vital as well. Many times, by simply looking at the financial statement of your business, you can easily see which areas of the business are communicating well and which are not. When your different departments are communicating well, the business will run better and cash flow will be healthier, either in the form of increased sales or decreased costs…or both.

Communication = more capital

Rich dad made it a habit to attend one seminar on communication each year, and I continue that tradition today. I always notice that soon after attending these seminars, my income increases. I don’t think that’s a coincidence.

Over the years, I’ve attended courses on:
    Sales
    Marketing systems
    Advertising, headlines, and copywriting
    Negotiations
    Public speaking
    Direct-mail advertising
    Running a seminar
    Raising capital

When I talk with folks who want to be entrepreneurs, topic number eight has the most interest—fundraising. But when people ask me how to learn to raise capital, I refer them to numbers one through seven above, explaining that raising capital requires each of these skills in some way. The point is this: until you learn how to communicate effectively, you’ll never be able to effectively raise capital.

Communication is your #1 job

Most people can get away with speaking in one certain way…with being poor communicators. But if you want to own a business, you have to master the art of communicating to multiple types of people—to customers, to employees, to contractors, to vendors, to investors, and more. Simply put, the primary job of people owning a business is to communicate effectively with others who are not like them but who are essential to the success of the business.




VIA http://www.richdad.com/Resources/Rich-Dad-Financial-Education-Blog/March-2015/better-businesses-start-with-better-communication.aspx

Monday, March 16, 2015

Robert Kiyosaki thanks Toastmasters for his success

As a young man working for Xerox, I still remember my first sales call on the street along Waikiki Beach. After spending about an hour working up the nerve to knock on the door, I finally got in to see the owner of a small tourist trinket store. He was an older gentleman who had seen new salespeople like me for years.

After I stammered and sweated through my memorized sales pitch on the benefits of Xerox copiers, all he did was laugh at me.

“Son,” he said, “You’re the worst I have ever seen. But keep going because if you can get over your fears, your world will be very bright. If you quit, you may wind up like me, sitting behind a counter 14 hours a day, 7 days a week, 365 days a year, waiting for tourists to come in. I wait here because I am too afraid to go out and do what you’re doing. Get through your fears and your world will get smaller every year.”

To this day, I give thanks to that wise older man.

After getting over my fear of selling, I joined Toastmasters at rich dad’s recommendation to learn to overcome my fear of speaking in front of large groups. When I complained, he replied, “All great leaders are great public speakers. Leaders of great businesses need to be great communicators. If you want to be a leader, you must be a speaker.”

Today, I can speak comfortably in front of tens of thousands of people in convention halls because of my training in sales and my early training from the Toastmasters organization.



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, March 11, 2015

Three sides to a coin

”There are three sides to a coin. Heads, tails and the edge. Intelligent people stay on the edge and look at both sides.”



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, March 9, 2015

Play monopoly to increase understanding of money

Start small. Read and listen and learn. Commit to learning a new “financial” vocabulary word every day. Read news stories about the economy and gold and silver and business news. 

Learn to understand the different asset classes and the advantages (and disadvantages) of each: Businesses, paper assets, real estate, and commodities. There is so much information available — much of it free — that if there is a will to learn, there is a way. 

I encourage people to play games — like Monopoly or the Cashflow game — because they teach so much about money and investing and understanding the power of debt. There are Cashflow clubs all over the world where people can meet other like-minded people who want to learn about money.



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, March 4, 2015

Cash flow more important than net worth

Net worth to me is not important. All I know is I make millions every month and not pay taxes. I don’t cheat the government. I just do what the government wants me to do.


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, March 3, 2015

Technology to replace workers

The loss of jobs will continue as the information age marches on. The problem is people will not see the technology that is replacing them, nor will they see that technology coming. Millions will be happily employed today and suddenly out of work tomorrow, run over by the invisible.


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, March 2, 2015

Get a Financial education

Financial education isn’t taught in most schools. We’re usually left to our own devices (often trial and error) or what we’re taught by others (often our parents) who, by and large, didn’t have any “financial education” either. The key point here is that times have changed. 

What was good financial advice years ago — like saving money — probably isn’t the best advice today. Financial education helps someone become their OWN best financial advisor… someone who can see trends and opportunities and who is armed with both knowledge and experience to navigate turbulent economic times.


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.