Tag Archives: Kiyosaki

What type of investor are you?

Too many people live out their lives without setting financial goals or thinking of ways to get ahead in life. Like the ancient Arabic saying, “He who knows not, and knows not he knows not, is a fool,” they are dangerously unconscious about the importance of creating and carrying out a plan of action to become financially secure and successful.

One of the strategies that can help you to finance your dreams and achieve your objectives is investing. Investing is simply the act of putting your money to work in some type of endeavour with the expectation of making profit. The idea is that you are actively trying to increase the value of your initial investment and/or earn an income from your efforts.

While investing can be a key component in creating wealth, persons who decide to invest may receive vastly different results than they had expected. Although it may be relatively easy to put your money into some type of investment, it is not a given that you will make a profit.

The level of success you obtain will be largely dependent on your investing expertise.

Continue reading What type of investor are you?

How to build a business with little time or money

“You have advised that if I want to increase my wealth I should focus on earning income from my own business. I have a full-time job and I don’t have much time or extra funds to put towards starting a business or making any investments. Given these limitations, how can I possibly own a business?”

We have been looking at some of the steps recommended by several financial experts that can help you to increase your wealth and achieve financial security. Robert Kiyosaki, in his insightful book, CASHFLOW Quadrant, advises that owning a business should be an important element in your personal wealth accumulation plans.

If you really want to be financially free, it’s important to create an income source that is independent of your personal work efforts.

According to Kiyosaki, owning a business system is an integral part of creating this freedom. However, running a successful business is not a hobby or part-time exercise; it takes time, courage and determination. Continue reading How to build a business with little time or money

Mind Your Own Business

We have recently been examining some key books that can help you to learn how to achieve a financially rewarding life. Understanding and practising the basic principles of money success are fundamental steps to creating a prosperous future.

As Robert Kiyosaki explained in his bestseller, Rich Dad Poor Dad, “If you want to be rich, you need to be financially literate.”

Reading Kiyosaki’s account of the lessons he learned from the mentor whom he called his ‘rich dad’ was an eye-opening experience, as it revealed some financial concepts that I had never encountered before. It was impossible to think the same way about money after being exposed to the wealth secrets that ‘rich dad’ shared. Continue reading Mind Your Own Business

What do the rich know about money?

“The main reason people struggle financially is because they have spent years in school but learned nothing about money. The result is that people learn to work for money… but never learn to have money work for them.”

This bold statement on the back cover of Rich Dad Poor Dad was very intriguing. I had heard a lot about Robert Kiyosaki’s bestselling book, which promised to reveal what rich people taught their children about money that poor and middle-class people did not.

I was eager to find out if the publicity hype surrounding it was warranted, so it was one of the first books that I read in my search for ways to become financially successful.

I have spoken to hundreds of persons who are, just like I was many years ago, financially distressed and desperate for solutions to their money problems. Unfortunately, too many of them are looking for quick fixes to their financial woes. The question often asked is, “How can I make some more money fast?” Continue reading What do the rich know about money?