Thursday, April 30, 2015

Thinking carefully can pay huge dividends


"It’s not what you say out of your mouth that determines your life, it’s what you whisper to yourself that has the most power."


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, April 29, 2015

Patent is an important part of your business

My first business was a nylon-and-Velcro wallet business. It was the 1980’s and we got the rights to make the wallets with the screen-printing of the names of popular bands of the time. It was very successful, and I thought I was a real business genius.

When I was planning the business, I spoke with an attorney about a patent for my idea. When I found out that it was going to cost $10,000 in fees to file for my patent, I decided it was too expensive and not important.

Another company quickly came along and copied my idea, and there was nothing I could do about it. Eventually, my business failed and I lost millions of dollars. Suddenly, that $10,000 didn’t seem like so much money, and I didn’t feel like such a business genius either.


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, April 28, 2015

Value of money is from what you achieve

"Money is not the goal, money has no value. The value comes from the dreams that money helps achieve.”


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, April 20, 2015

CEO is important for company success

Just as important to the success of a company as the systems it employs, is the leader that makes sure those systems run at peak performance—and that the right systems are in place. I’m speaking of the company’s CEO.

A CEO’s main job

A CEO’s job is to supervise all systems and identify weaknesses before they turn into system failures. These failures can happen in many different ways, but they are exceptionally disconcerting when your company is growing rapidly.

Many CEO’s find it surprising that when everything is finally going right—their sales are increasing, their product or service is getting the attention it deserves from the media, and things are growing fast—they suddenly can’t deliver. Why?

Why systems fail

Usually, it is because systems have failed from the increased demand. For instance, you don’t have enough production capacity or the extra money needed to improve the product or hire additional help.

Whatever the reason, opportunities are missed to move the business to the next level of success, all due to a failure in systems.

Building ahead of the curve

At each new level of growth, the CEO must start planning the systems needed to support the next level of growth, from production lines to lines of credit for production needs. Systems drive both cash-flow management and communication. As your systems get better, you or your employees will have to exert less and less effort. Without well-designed and successful operating systems, your business will be labor-intensive, and will stall at one or more growth phases.

This is important because if you’re looking to sell your company or go public, you must have stable, scalable systems in place. Investors are looking to buy a business, not hype. Personality and charisma can only take a business so far.

Work on, not in, the business

If you want to be a successful businessperson, you must learn how to be a successful CEO. That starts with understanding that your #1 job is to work on the business, not in it. That means you must become a master of systems, managing them and knowing when to implement new ones.

As I stated last week, the best way to gain this kind of expertise is through experience. Do it, and you’ll get better at it. Sure, you’ll fail along the way, but the lessons you’ll learn will make you that much better down the road.

And while you’re at it, read rich dad advisor Garrett Sutton’s books, Start Your Own Corporation and Run Your Own Corporation. Also, take a few moments to sign up for the free Rich Dad Community, where you’ll find a wealth of valuable resources.



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.

Friday, April 17, 2015

Traditional education has limits

It's difficult for people to realize that School is obsolete. It's difficult for people to understand that what they consider to be "the norm" is damaging their and their children's financial futures.


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, April 7, 2015

Helping your loved ones in a caregiver role

Baby Boomers are becoming the new caregivers. In fact, 25% of adult Americans fall in this category. Transitioning from child to caregiver can be an emotional and stressful time, especially if the responsibility is sudden. Not only is managing your elder parent’s health difficult but managing their finances can be especially trying.


John MacGregor of MacGregor Financial, and author of What to Do Before Your Loved One Passes, offers these tips as you prepare for the role of caregiver:

Get Organized

People have accumulated a lot of stuff throughout their life, and getting it organized will streamline this process and give you and your aging parent(s) confidence. Use a resource book or tool to help you get organized.

Get These Documents Prepared

There are legal documents that can assist older adults in a medical or financial emergency and can ease stress and optimize outcomes for the family.

    -An Estate Plan or a simple will (which in most cases is sufficient) is the anticipation and arrangement for the disposal of an estate during a person’s life. An Estate Plan typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses.
    -A Living Trust is a written legal document through which your assets are placed in a trust for your benefit during your lifetime and then transferred to designated beneficiaries at your death by a chosen representative, called a “successor trustee”.
    -A Durable Power of Attorney, an important estate-planning tool, that designates a person or persons to make decisions for the parent. There are two that everyone should have; one for medical purposes and the other for financial purposes

Avoid Financial Scams

Unfortunately financial elder abuse can be difficult to identify. If often takes a caring family member, friend or caregiver to recognize that fraud has occurred. 




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, April 1, 2015

Monopoly got Robert Kiyosaki started in business at a young age


When I was a kid in the 1950's, my rich dad would teach his son and me about money by playing Monopoly. As we played, he would impart his thoughts, real-life experiences and wisdom to the two of us. 

I purchased my own game, a used game of Monopoly at my church flea market for 50 cents, and began a Monopoly club in the sixth grade, teaching my friends the same things my rich dad taught me. Today, I continue to be a teacher, and an entrepreneur in financial education.



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.