Let's look at one of our biggest fears: the fear of death. Over the years, in all the reading and research I've done, I've been surprised at how many successful and influential people have become that way largely through facing their fear of death. Once free of the fear of death, they were free to live their life.
This weekend I took a 3 day basic intense training course on Financial Education, through Robert Kiyosaki Education courses.
I learned that becoming rich can be the easiest most rewarding journey any one can accomplish.
I learned that if you get the proper education to be financially free you will.
I learned that everyone will not take action, and others will not take the time to educate themselves, to be ... Tags:financial education, rat race, fast track, rich dad,
What's A Money Seminar? An Mmi? Millionaire Mind Intensive Seminar? By: John Szymanski | - I attended one - an MMI- a Millionaire Mind Intensive- almost a year ago with my wife (HIGHLY recommended you bring a spouse, partner along). It changed my life. So much so that I took two of my teenage kids to one. Changed their lives as well. And not just in regards to money, in regards to purpose in life, self-confidence and more.
Top 5 Things I Learned From Robert Kiyosaki By: Scott Ewart | - About a year ago, I picked up the book 'Rich Dad, Poor Dad' by Robert Kiyosaki. The read was revolutionary for me and inspired me to move past fears that have stopped me from doing more with my life financially. Since reading that book, I have read several others by Robert Kiyosaki and his 'Rich Dad Advisors'. I have also attended several of his seminars and classes, both in person and via audio materials and workbooks. He and his advisors cover everything from real estate investing to increasin ... Tags:internet marketing, rich dad, online marketing, make money online, network marketing
How To Pick The Personal Finance Book That"€™s Right For You By: Ouida Vincent | - In 1997 I picked up my first personal finance book, The Millionaire Next Door. I had heard that the book revealed to the world that millionaires were cheap folks who drove old cars and didnt send their kids to college. Nothing could have been further from the truth. In fact the book revealed to me the common qualities of millionaires and that becoming one is not that far fetched an idea. They have certain characteristics and habits and developing them is the surest way to join the ranks o ... Tags:personal finance, personal finance books, investing, debt, debt reduction, debt elimination, rich dad poor dad, millionaire next door
Why Do You Need To Build An Email List? Three Important Reasons By: Ellen Britt | - Nearly everyone has heard by now that to be really successful using online strategies to make money, you need to build an email list. But almost no one tells you exactly why this is so important. Here are three reasons why your email list can become your most important asset.
First of all, do you really know the difference between an asset and a liability? Before the economic downturn, if asked, most every person who owned his or her home would have readily sworn in a court of la ... Tags:Robert Kiyosaki, Rich Dad Poor Dad, listbuilding, continuity income, Ellen Britt
The Hidden Values Of A Network Marketing Business By: Glenn Antoine | - While many distributors get started in network marketing because of the opportunity to make money, there are a number of other benefits that network marketing offers besides money. Often these other reasons are much more compelling than the money itself, but these additional benefits are overlooked and basically forgotten about.
Network Marketing - Robert Kiyosaki's Perfect Business By: Rich Sale | - Robert Kiyosaki, the famous author behind the Rich Dad, Poor Dad series of financial books speaks about network marketing as one of the most perfect business models on the planet.
But why has someone who has never been involved in network marketing seemingly endorse it as a great business model? Many will claim that this comes across as a hypocritical endorsement, but in truth, Kiyosaki's findings are founded on solid business building principles and as such, are reasonable observ ... Tags:Network Marketing, Rich Dad
It was until 2 years later, while having to sit at home most of the time due to a surgery I had on my leg, I read the book, Rich dad poor dad, again. This time around, one of the best things happened to me. My life has changed since. I started to look at things differently and positively. Life began to have more meaning and purpose rather than leading ... Tags:rich dad poor dad, mindset, business education
How To Reach Financial Success With The Law Of Attraction By: Jim Somchai | - Do you want to make a lot of money? Of course, I think most of the people will answer yes to that. However, only a handful of people know what to do with their lives in order to be able to get what they want. Achieving success in life is not easy but it is not that difficult if you know how to. In this article, we will talk about six fundamental principles how to succeed in life financially. Let's come and explore what you can do to go to the next level with the law of attraction.
Have You Got The Skills To Succeed As Business Owner? By: Pam Kennett | - Cashflow Quadrant identifies four ways in which individuals can earn money: as an employee, as a self employed worker, business owner or investor. In Robert Kiyosaki's book, to be truly financially independent, people must operate as an investor and business owner rather than as an employee or self employed worker. This is because as a busines owner you are able to generate 'passive income' through your business, even when you are on holiday or taking a break. An employee has obvious tax dis ... Tags:rich dad poor dad, robert kiyosaki, cashflow, competencies, business owner, employee, self employed, cashflow quadrant
Do You Know Why You're In Business By: Jennifer Lavoie | - One of the first steps in planning an exit to the rat race is knowing why you want out.
Sounds simple right? Well consider this: it is, and it isn't. You could say that you want out because you are tired of working for someone else, you want more time with your family, no more worries about the bills and want to control your own destiny. Sounds good. I can buy into that.
Put Power In Your Passive Income Strategy By: Jennifer Lavoie | - 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 commercial property in order to achieve the financial freedom of their dreams. So, they instantly start putting all their money into real estate. ... Tags:passive income, multiple streams of income, Robert Kiyosaki, Rich Dad Poor Dad
Tap Into Subconscious Mind! By: Max Ng | - I could fly! It was very fun. All I need to do is to think about it and I was flying. If I want to go to a place, then all that I need to do is to think about it and in a snap of a finger I was there. I could make decisions like in real life. It was like to be alive in a dream. I really enjoyed the dream. I could do whatever I want in the dream.
A Need To Track And Measure Activities! By: Max Ng | - Yet another day has passed without knowing what I was busy with. I was very busy but the things that I wanted to complete are still outstanding. How come I am still not unable to complete the things that I have planned to do so even after one week? Something is not right. All the while, I have been very busy trying to pursue financial freedom as defined in the Rich Dad's series by Robert Kiyosaki but I do not seem to be able to achieve the kind of result that I have wanted.
Everyone Has His Problems! By: Max Ng | - I used to think that I have a lot of problems compared to other people. I was so focus on these personal problems to the extent that I thought that I was the only one in this world that suffers from these issues. Thus, I felt that I was at a great disadvantage to achieve financial freedom as defined in the Rich Dad's series by Robert Kiyosaki..
Right Kinds Of Food! By: Max Ng | - Recently, I had eaten the wrong kind of food for my body. As a result, I had indigestion. The physical discomfort due to indigestion caused me insomnia. After struggling for a very long time, I finally fell asleep around 4am. I woke up at around 8am the next morning. I was feeling both physically and mentally tired.
Preparation For Selling In Real Situation! By: Max Ng | - Selling skills is one of the essential skills to be mastered if I want to achieve financial freedom based on my understanding of the Rich Dad's Series by Robert Kiyosaki. Thus, I have begun my quest to master selling skills by reading books, listening to audio clips and attending seminars on selling. After a while, I realize that it is not possible to learn selling skills purely by reading books, listening to audio clips and attending seminars. I can know all the techniques but I do not really k ... Tags:robert kiyosaki, rich dad, selling skills, financial freedom
Proper Understanding Of Selling Skills! By: Max Ng | - Selling is one of the essential skills that I need to learn if I want to achieve financial freedom. This is what I have realized from reading the Rich Dad's series by Robert Kiyosaki. Selling skills allow me to sell my ideas to other people and persuade them to invest or become my business partners or become my mentors. In this way, I will be able to accelerate my path to financial success.
Learn Selling Through The Perspective Of A Buyer! By: Max Ng | - Recently, I am rather busy trying to buy an expensive thing. Since it costs quite a lot of money and I am rather inexperience in buying that kind of things, I decided to visit a few more shops to have learned about more about the things that I am trying to buy. In the process, I realize that one of the best ways to learn about selling is to see how other people try to sell to me! Selling skills is essential for financial freedom based on my understanding of the Rich Dad's series by Robert Kiyosa ... Tags:robert kiyosaki, rich dad, financial freedom, selling skills
Money Will Not Solve Internal Issues! By: Max Ng | - In terms of managing money, there are two kinds of skills that I need to master. Firstly, I need to be able to manage small amount of money. If I know how to manage small amount of money well, then I will be able to save and invest in assets that generates passive income. If I keep repeating the assets investment formula as learned from the Rich Dad's series by Robert Kiyosaki, then I will be able to accumulate a substantial amount of money in the long run.
Not Giving Up! By: Max Ng | - Yes, I want to gain financial freedom. That is my decision after reading a few books including Rich Dad Poor Dad by Robert Kiyosaki. Thus, I embark on the journey to get myself educated and learn from successful people. After struggling for a few years, I am still nowhere near my dream. And sometimes, I really feel like giving up everything that I am trying to achieve. Just sit back and enjoy life instead of investing all my leisure time and money trying to achieve something.
Plan Retirement Early! By: Max Ng | - If I want to gain financial freedom way before retirement age or latest at the age of retirement, I need to accumulate enough wealth to achieve the lifestyle that I want. This requires planning as gathered from the Rich Dad's series by Robert Kiyosaki. If I want to be cautious, I feel that I should have two plans.
Fearful To Be Rich! By: Max Ng | - 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 make mistakes. By learning from my mistakes and never repeating them again, I would be able to accelerate my learning process and thus achieving success in a much shorter time.
Pains And Pleasures! By: Max Ng | - The middle class and the poor people spend their earned income on luxury items while the rich people use their money to invest in assets that generate passive income. Then the rich people use the passive income to enjoy luxury items. Based on my understanding of the Rich Dad's series by Robert Kiyosaki, this is one of the main differences between the rich people and the others. If I want to be wealthy, then I need to adopt this approach of not using my earned income money on luxury items. ... Tags:robert kiyosaki, rich dad, pleasures, pains, passive income, asset
Hidden Investment Risks! By: Max Ng | - Financial education plays an important role in my life. Ever since I have realized that it is important to make money work harder for me, I have been constantly reading and learning about financial education. With the new knowledge that I have gained each day, I have realized that I am improving in my ability to identify risks in an investment.
Identify risks is the first step to evaluate an investment. If I want to be a sophisticated investor as defined in the Rich Dad's series ... Tags:rich dad, robert kiyosaki, investment, invest, investor
Reduce Time Wastage! By: Max Ng | - Reducing time wastage is not just for busy people. I feel that is it an important thing that everyone learn to reduce time wastage. I believe that if spare time is probably invested, it can make a whole lot of difference in the quality of my life.
For example, if I had invested my spare time to learn and create wealth consistently, then I would be able to accumulate more wealth in the long run than if I had done nothing. This extra wealth would definitely help to improve my qualit ... Tags:rich dad poor dad, robert kiyosaki, rich dad, wealth, time, passive income, invest
Earn Passive Time! By: Max Ng | - If I want to be rich and wealthy, I need to change my mindset to invest in assets that generate passive income. Becoming rich has nothing to do with how much I earn. This is what I have learned from the book Rich Dad Poor Dad by Robert Kiyosaki. If I had earned a lot and spent on luxury items, I would be simply wasting my opportunity to accumulate wealth. In fact I would loss out to someone who had earned much lesser and invested in assets that generate passive income. In the long run, he would ... Tags:rich dad poor dad, robert kiyosaki, passive income, passive time
Turn Good Debt Into Assets! By: Max Ng | - After reading a number of books, I realized that most people made their wealth through real estate. This is also highlighted by the Rich Dad's series by Robert Kiyosaki. Thus, I decided to learn more about property investment. Even though I did not have money to invest in property, I still went ahead to attend property investment seminars for the purpose of learn.
Rental Income For Shares! By: Max Ng | - Buy a property and rent it out. Make sure the monthly rental income is more than the monthly mortgage loan repayment. In this way, there would be a positive cash flow from the investment. That is this investment would be earning a passive income. According to my understanding of the Rich Dad's series by Robert Kiyosaki, investing in assets that earn passive income is the way for me to become wealthy.
Good Debt And Bad Debt! By: Max Ng | - If I were to borrow money from a bank to invest in a property, I would incur a debt. Is this debt considered to be a good debt or bad debt? Well that really depends on who is paying off the debt. Based on my understanding of the Rich Dad's series by Robert Kiyosaki, a good debt is a debt where someone else is paying off for me while a bad debt is a debt where I need to pay off myself.
Probability And Investment! By: Max Ng | - If I want to be good as an investor, then I need to be good at arithmetic to analyze the odds of an investment. Also, I need to be able to read and write. There is where scholastic education plays an important role. Scholastic education teaches me how to read, write and do arithmetic. It is one of the three vital educations as highlighted by the Rich Dad's series by Robert Kiyosaki. The other two vital educations are professional education and financial education.
Investor Quadrant! By: Max Ng | - There are 2 different categories of income namely active income and passive income. Active income requires me to actively work for the income. The moment that I stop working, my income will stop coming in too. Based on the cashflow quadrants by Robert Kiyosaki, the employee derives active income.
For example, if I were to work as a data entry clerk with a company, then the company would have to pay me salary. If I were to quit from my job as an employee of that company, the compan ... Tags:cashflow quadrant, robert kiyosaki, rich dad poor dad, plan, rich
Time Education! By: Max Ng | - Financial education is important for various reasons. For example, financial education helps me to identify risks so that I can avoid financial traps such as the use of future money from credit cards on luxury items. By using my future money, essentially I will be depriving myself of the chance to invest in assets that will generate passive income. Passive income is the key to creating wealth, as I have understood from the book Rich Dad Poor by Robert Kiyosaki. Also, I will need to pay large amo ... Tags:rich dad poor dad, robert kiyosaki, time management, investment, compounding, time education
Learn To Invest Time! By: Max Ng | - When I think of creating wealth, the first thing that comes to my mind is that I need to invest money. I need apply what I have learned from the Rich Dad series by Robert Kiyosaki by making my money work harder. All along, it never crosses my mind that I need to invest another essential thing to make it happen. In fact, I have been consciously investing this essential thing all along except that I do not realize it.
Do Not Rush Into Investment! By: Max Ng | - After graduation and working for a few years, I have learned that working for money is very tough. From what I have concluded from Rich Dad series, I know that I must make money work harder by investment. So when I heard that I could make money easily by investing in shares, I quickly rushed into it. I did not come from a strong financial background like accounting. Neither did I attend any share investment courses before I have started my investment in shares. With a little savings, I simply ju ... Tags:investment, rich dad, risk, manage risk
Need Only Be Good At One Thing! By: Max Ng | - When I want to invest to accumulate wealth, I will diversify my investments so as reduce my risks. For example, if I were to invest in the shares of one company, I would face the risk of losing everything if the company went bust. But if I were to invest equally in the shares of 100 companies, my risk would be reduced to the loss of 1 percent of my investments if one of the companies went bust. In other words, I will not put all my eggs into one basket.
Think Like A Business Owner! By: Max Ng | - After reading the quite a number of books on investment including Rich Dad's Guide to Investing, I have concluded that it is important to treat any investments as if I am going to buy over the business. What do I mean by that?
For example, if I were to buy a share of a company, then I would be one of the many shareholders who own the company. Yes, I would only own a very little portion of the company. But that does not give me the excuse that I should treat my investment decision ... Tags:rich dad, investment, risk management, risk, business owner, business
Gain Financial Literacy! By: Max Ng | - After reading the Rich Dad series, I concluded that I will not be able to accumulate great wealth without financial literacy as the foundation Without financial literacy, I will not be able to judge whether something is worth investing. Thus, I enrolled for a few courses on personal financial planning to beef up my knowledge in personal financial matters. It took me about 2 years of part time study to complete all the courses. And I have learned a lot of things and some of them are really bad ... Tags:rich dad, wealth, success, financial literacy
Learn To Identify And Manage Risk! By: Max Ng | - When I want to cross a road, I face the risk of being knock down by incoming vehicles. When I take a bus, I face the risk of a bus accident. When I catch a plane, I face the danger of the plane crashing. When I walk on the road, I face the risk of slipping and fall.
Basically, I find that risk is inherent in my daily life. There is no way I can run away from risk totally. Since there is no way to run away from risk, what is the next best available option?
Affordable Sources Of Passive Income! By: Max Ng | - I learned that an asset is one that generates positive cash flow. If it does not generate income, then it is a liability.
For example, a car is liability if it does not generate positive cash flow. If I rent out a car and it earns a monthly rental income, I will need to do a simple calculation to determine whether it is an asset or liability. Basically, I need to subtract the car loan monthly repayment and maintenance costs from monthly rental income. If the result is positive, t ... Tags:rich dad, passive income, assets, cash flow, wealth
Be Mentally Rich First! By: Max Ng | - When I spotted an expensive watch that I like, I would have a series of thoughts. Firstly, I would have thought of the pleasure that I could derive by owning it. Secondly, I would think of ways to make or save enough money so that I could buy that watch. Thirdly, I would take actions to make or save money based on the ways that I had thought of. Finally, I would buy the watch when I had enough money.
Get Into The Habit Of Planning! By: Max Ng | - I am not used to doing planning for my personal life. Usually after a day of hard work, I want to sit down and relax. Since I perceive the task of relaxing is simple, I do not really plan what I want to do in my leisure time. I will simply do what I like to do at that point of time. As times past by, I have ended up with a habit of not planning for anything that I perceived as simple. But the moment that I perceived a task to be very complex and complicated, I will be forced to plan.
Failure Precedes Success! By: Max Ng | - There is this Chinese Saying that literally translates to "Failure Is The Mother Of Success!". Basically, it means that failure is like a mother who will give birth to success. A more proper way to phrase it will be failure precedes success. Usually, it is use to encourage someone who have just encountered a failure or setback in life. It helps to remind the person that one will definitely need to go through the experience of failures before one can succeed.
Why Is There A Need To Know More People Beyond Your Comfort Social Circle! By: Max Ng | - I like to stick around with my comfort social circle of friends. This is because we have common views on most things and usually we shared a common experience. Maybe we have studied together in the same school. Maybe we have worked together in the same office before. Maybe we have grown up together in the neighborhood. Maybe we are in the same hobby club. Whatever the reasons, I rarely venture out of my comfort social circle to see what are out there in this world.
Selling Is Part And Parcel Of Life! By: Max Ng | - According to Rich Dad series, one of the important skills to learn is selling. I decided that I wanted to learn selling. This is because I realized the fact that I am always selling my ideas and information to someone everyday whether I like it or not. Selling is part and parcel of life!
For examples, if I were to do a presentation, I would be selling the presented information to the audience. If I were to be in a discussion, I would be selling my views and ideas to the rest of pe ... Tags:selling, rich dad, wealth, rapport, relationship
Fun With Cashflow 101! By: Max Ng | - When I first heard about Cashflow 101, I was very excited and wanted really to play the board game. To play the game, I faced two issues. Firstly, I needed to have a copy of the board game. Secondly, I needed to find a group of people who were willing to play the game together. Luckily for me, one of my friends had the board game. Also, I managed to find a few friends who had read the book Rich Dad Poor Dad. They were also very keen in playing the game. Thus, both issues were easily solved.
Rich Dad Poor Dad By: Shawn Bremner | - A lot of people have read Robert Kiyosaki's books (and he has a lot of them), but this is the one that started them all.
I think what endears people to Rich Dad Poor Dad is the story. It seems to me that whenever a non-fiction book teaches with stories, it does very well. So, if you're going to write a non-fiction book, weave your info into a story.
