Thursday, July 30, 2015

You dont have to work hard to be successful

Rich dad told me, “Your dad believes in hard work as the means of making money. Once you master the art of building B-I Triangles, you will find that the less you work, the more money you will make and the more valuable what you are building becomes.”

At first I didn’t understand what rich dad meant, but after a number of years of practice, I understood it more fully.

Today, I meet people who work hard building a career, working their way up the corporate ladder, or building a practice based upon their reputation. These people generally come from the E (employee) and S (self-employed) quadrants of the CASHFLOW Quadrant.

In order for me to become rich, I needed to learn to build and put together systems that could work without me. After I built my first B-I Triangle and sold it, I realized what rich dad meant by the less I work, the more money I will make. He called that thinking, “Solving the B-I Triangle riddle.”

I have found the difference between those in the E and S quadrants and those in the B (business owner) and I (investor) quadrants is that the E and S people are often too hands-on.

They fall into the classic error that it’s more important to work in your business than on your business. By getting bogged down in day-to-day details, they never work on the business to take it to the next level. They don’t trust that anyone can do a better job than them, and they don’t trust a system that can run without them. They are the barrier to their own success.

Rich dad used to say, “The key to success is laziness. The more hands-on you are, the less money you can make.” Rather than being hands-on and working hard, successful people find innovative ways to do more with less—and they empower their teams to be successful for them.

If you are going to be the kind of person who creates assets that buy other assets, you need to find ways of doing less so that you can make more and build more.

If you are a person who is addicted to hard work, or what rich dad called, “Staying busy in your busyness and not building anything,” then I would suggest learning more on how working less can make you more 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, July 29, 2015

Network marketing and home based businesses

I have been a fan of the network marketing and direct sales industries for many years. The cost of entry is typically very low and the opportunities for personal development as well as sales and leadership training are often exceptional. And, as a business owner, the tax advantages can be significant. Building a solid customer base and supporting your team can deliver a significant and lasting return.

Web-based businesses are also a way to explore home-based business options. Questions can be your answers if you ask yourself, “What need is underserved (or unmet!) on eBay or Amazon? What are you passionate about and how can you turn that passion into a business?”

I’ve called network marketing a business “for people who like to help people.” Teamwork and leadership are important to every business and in network marketing you’re often rewarded for teaching and training those on your team and supporting them on their path to success.



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, July 28, 2015

How much money you make VS Keep

It’s not how much money you make, but how much money you keep, how hard it works for you and how many generations you keep it for.


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, July 27, 2015

Making money from stocks and dividends

Another option for passive income is stocks that pay dividends. 

Research a few stocks that pay dividends and buy a share or two. In addition to the dividend income, you’ll learn about how investing in paper assets works and, ideally, the market conditions that can influence stock prices and dividends. You’ll probably come across some words that are new to you and this will give you the chance to learn the language of money related to paper assets—and expand your vocabulary and your thinking.



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, July 23, 2015

Explore money making ideas such as writing a book

Technology has leveled the playing field in so many ways, especially when it comes to taking a germ (or a gem!) of an idea and turning it into an income stream. Today, web-based businesses are among some of the largest and most successful in the world and entrepreneurs in every corner of the world are leveraging technology to share ideas, create businesses, and market and sell existing products and services.

I like the example of writing and selling an e-book, not because I write books but because of the ease of entry and execution in that marketplace and space.

One of our employees actually did a case study on “creating an e-book asset” and learned how to write, produce and sell an e-book, and then wrote an e-book on that subject. Today, many e-books are as much about communicating ideas and teaching as they are about books—and you could create one on a subject that you know a lot about or something new you have learned. Or, you can challenge yourself to find an underserved audience or a need with promising opportunities.

Best of all, exploring an idea like this (even if you never actually produce or sell an e-book) opens your mind to opportunities for making money, opportunities that our eyes often miss. Training your mind to see opportunities is the first step to creating or acquiring assets.



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, July 22, 2015

Fix problems even if you are the problem


“If you realize that you’re the problem, then you can change yourself, learn something and grow wiser. Don’t blame other people for your 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.

Tuesday, July 21, 2015

No longer able to grow money by saving

Should you have an emergency fund that’s liquid? Absolutely! Should it be a “saving account” that you can access immediately if needed and large enough to allow you and your family to ride out financial speed bumps, for six (even nine) months? For most people, the answer is yes.

That said, I see a true distinction between saving and investing. The liquidity and flexibility that “savings” offers is one thing, but a plan to grow your wealth is another story. That’s a plan for investing. And today, I believe, we need both.

Years ago (and as recently as the 1970's) you could grow your saving account “asset” and leverage compounding interest with passbook savings accounts that earned double-digit interest and were insured by the federal government. Today it’s a different story…and a savings account (with record low interest rates) can be a losing proposition.

In today’s world—apart from an emergency fund or financial cushion—the advice to “save money” is old and obsolete advice, from an investment standpoint.




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, July 20, 2015

Your mind will always be your biggest asset

I’m often asked how to start investing with little or no money. 

Please hear this as this is the hardest thing for people to understand: you do NOT invest with money! You invest with your mind! No matter what the field, your biggest asset is your mind. 

Once you have knowledge, you find deals, find your team and use other people’s money. You sell the deal and your team to get investment 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.

Thursday, July 16, 2015

A good system is what makes a business successful

The most important thing is the system behind the product or idea. Case in point, most of us can cook a better hamburger than McDonald’s, but few of us can build a better business system. 

Rich dad said, ‘The product is the least important piece to inspect when evaluating a business.’ 

He believed that a truly successful business was built on systems and that the product didn’t have to be the best if the systems were world class. It still had to be good, just not the best.


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, July 15, 2015

Rolling profits using US Tax law section 1031

I rolled over the sale of several of my small houses into a small apartment building, I used a Section 1031 exchange [US tax law IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property], which allowed me to roll over the gain. 

I didn’t have to pay taxes on the sale because I controlled the terms and conditions of the agreement.



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, July 14, 2015

Business owners must know how to read Financial Statements

Whether you’re investing in a business, the owner of one, or thinking about starting one, my Rich Dad’s wise words remain true: “The numbers tell the story.”

In school, your report card is the marker for success. In business, your financial statements are. If you want to be successful in business, you must know how to read a financial statement and how to draw fact-based conclusions about the health and potential of a business.


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, July 13, 2015

Assets that produce cash flow will benefit generations

By purchasing and saving cash-flowing assets, you could build a pipeline of cash flow for life — a pipeline that would produce cash in good times and bad, in market booms and market crashes. Your cash flow would increase automatically with inflation and, at the same time, allow you to pay less in taxes. These means your standard of living does not have to decrease, but can actually increase.

You can earn cash flow from real estate rentals, stocks via dividends, from bonds via interest, or from oil, books, and patents via royalties. In other words, there are many ways to stress-free retirement freedom. All you have to do is change your definition of ‘nest-egg’ and you can survive at your current standard of living for as long as you live, whether you work or not. And you’ll leave infinite money for your loved ones, too.


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, July 8, 2015

Patience in building a business can have rich rewards

The sophisticated investor knows how to make money in an up market as well as a down one. In building a business, he or she has great patience. I sometimes refer to this patience as “delayed gratification.” A sophisticated investor understands that the true financial reward is after the investment or business becomes profitable and can be sold or taken public.



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, July 7, 2015

Know your ETC (Entity, Timing, Characteristics)

“Next to control over yourself, the control over the E-T-C is the most important control,” said Rich Dad. To have control over the entity, timing, and characteristics of your income, you need to understand corporate, security, and tax law.

Rich dad truly understood the benefits offered through choosing the right entity with the right year-end and converting as much ordinary income into passive and portfolio income as possible. This strategy combined with the ability to read financial statements helped rich dad build his financial empire more quickly.



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, July 6, 2015

18 year old realtor cites Robert Kiyosaki as inspiration

Matt Lefebvre is only 18 years old and he has become the youngest licensed real estate agent in New Hampshire, USA. Lefebvre took the exam at 17 and received his license when he turned 18 on June 9, 2015, the earliest he possibly could. 

Lefebvre said his love of real estate began at age 11, when he read “Rich Dad Poor Dad” by businessman Robert Kiyosaki. In the book, Kiyosaki talks about lessons he learned from the “poor dad” in his life — his own father, who was once a successful and wealthy educator who lost his job and his money — and the “rich dad” — his friend’s father, a self-made millionaire who chose to forego formal education and instead made his money buying and selling real estate and businesses.

“I thought, ‘Wow. I could be an entrepreneur, I could do all these great things,’” Lefebvre said. “I guess I haven’t lost that belief yet.”



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.