Donald Trump: How To Get Rich

Before you listen to this audio book answer to this question. Do you want to be RICH? again, Are you willing to be RICH? if your answer is “YES” Congratulation! You are at the right place and at the right time. Stay calm, pay attention and click PLAY!

Share your comments below. What did you learn from listening to this Billionaire?

Who Controls Your Cash Flow?

controlling your cashflow

The difference between the Fast Track and the Rat Race

Last week, we talked about establishing an action plan for controlling your cash flow in the New Year. One of the things I asked you to do was to fill out your financial statement, and to write down your financial goals for the upcoming year and for five years down the road.

Today, I want to talk about why this type of planning is important.

The most important skill

My rich dad said, “People who can’t control their cash flow work for those who can.” Unfortunately, most people don’t know how to manage their cash flow, and consequently, most people struggle working as employees for most of their life.

Many people think that making more money will solve their financial struggles. But this usually isn’t the case. In fact, it, more often than not, causes bigger financial problems. Why? Because they haven’t learned how to manage the money they make. People who make more money often increase their spending and get deeper into debt.

If you want to be financially secure, that will not do. An important part of becoming the CEO of the business of your life is to take control of your cash flow. That is your most important skill.

Keep two sets of books

Most people think that keeping two sets of books is illegal…and it is, in most cases. But if you truly understand the world of finance, there must always be two sets of books—yours and someone else’s.

As CEO of your life, always remember these simple words from my rich dad, “For every liability you have, you are somebody else’s asset.”

The following is an example of two sets of books, yours and your banker’s.

For every liability, such as a mortgage, car loan, school loan, and credit card, you are an employee of the people lending the money. You’re working hard to make someone else rich.

Good debt and bad debt

Rich dad often cautioned me about good debt and bad debt. He said, “Every time you owe someone money, you become an employee of their money.”

While rich dad did borrow money, he did his best not to become the person who paid for his loans. He would explain to Mike and me that good debt was debt someone else paid for you. Bad debt was debt that you paid for with your own sweat and blood. That is why he loved rental properties. He said, “The bank gives you the loan, but your tenant pays for it.”

The Fast Track and the Rat Race

The two books concept can be used to show you the difference between the financial Fast Track and the Rat Race.

There are many types of financial Fast Tracks. The diagram below is one of the most common. It is the track between a creditor and a debtor. If you take the time to study this simple diagram, you’ll see the relationship between those who are financially secure and those who struggle financially.

Which statement is yours?

The path of money flowing between the two sets of books is what is called the financial Fast Track and the financial Rat Race. For one to exist, the other must exist as well. That is why there are always two financial statements. The question is, which statement is yours? Even better, which statement do you want to have?

Rich dad constantly told me, “Making more money will not solve your problems…if cash-flow management is your problem. The people who understand the power of financial numbers have power over those who do not.”

 This Article Is Originally Posted at: http://www.richdad.com Posted on: Tuesday, January 07, 2014 Written by: Robert Kiyosaki 

Note: IF you are serious about controlling your CashFlow we invite you to participate our CashFlow 101 this week. Click HERE for more information.

“The #1 Secret to Protecting Your Future Through Uncertain Economic Times is Financial Education“

Message from Kim and Robert Kiyosaki on Financial Education

Be Rich Cambodia, a project run by PM Leadership and Rich Dad Asia to bring Rich Dad education to Cambodia to contribute to our mission “To lead humanity into success and financial growth.” We have following programs:

  1. The Official CashFlow Club Cambodia “The more you play this Game the RICHER you become”
  2. Be Rich Workshop “How the RICH gets RICHER and how you can too”
  3. Rich Dad Asia Congress “Create wealth and happiness the Rich Dad Way”
  4. Evolution of Wealth “Where and How the RICH invest and how you can too”
  5. Rich Dad Asia Private Circle Cambodia “Where and How Robert Kiyosaki’s Elite Group invest and how you can too”

Watch the video below and listen to Kim and Robert Kiyosaki why you need to get yourself educated on Financial Education?

Now you have watched the video and you understand WHY you need to focus on improve your financial education. If you have not watched the video – Click play and watch it.

Answer to these questions:

  1. Are you happy with your financial situation right now?
  2. Do you know what the differences between the RICH, and the POOR?
  3. Do you know how and where the Rich making their wealth?
  4. Do you know what the Rich THINK, LEARN, and DO?
  5. Do you know where and how Robert Kiyosaki ‘s Elite Team invest in?
  6. Are you interested in improving yourself and get more success financially?

Sitting and wanting success does not bring you any changes. You need to take action. Get yourself educated. Make a plan and apply what you have learned to improve your life financially. Contact us and find our upcoming Rich Dad Asia programs in Cambodia. Contact us now!

How To Win – Great Interview with Robert Kiyosaki

We are the official event organizer for Rich Dad Asia in Cambodia. We have a mission “To elevate the financial well being of the Cambodians.” This simply means that we bring the right education for you and other Cambodian people that help you to see the future better so you can stay ahead on the marketplace.

Contact us today for more information: 023 63 64 966 or email us 

Today’s Advice from Rich Dad Asia

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To Learn more about RICH DAD ASIA visit www.richdadasia.com

We have the privilege to share with you an advice by our Rich Dad Asia that we got from his facebook fan page at Bellum Tan – Rich Dad Asia. We are happy to post this message with his full permission and support. Please enjoy your reading:

” Think of something new you’ve actually learned in the past week; if you can’t think of anything, get comfortable where you’re at because you’re not going anywhere. To stop learning is to stop living.” – Robert Kiyosaki Love waking up a new day and getting challenge by Mr Robert Kiyosaki.

For everyone needs a coach or mentor that continue to kick them , so if you have not found yourself a coach look for one. What have you learn last weekend if you can’t come up with anything that you have learned than you have wasted a part of your life. Last weekend I have a great lesson learn with open out my eye to a new opportunity. Thinking that you are the best will stop you from learning and stop living. SO look forward to a great week and go learn something new.The best place to learn is to go listen to a seminar as often it is presented by someone who have been there or they have read from the book.

To me this is the lazy way to learn. But if you want to be RICH learn to be LAZY instead of being hard working like going to a library and try to read all the books with great knowledge in it. Why spend so much time reading searching for the right book to read why not wait for someone who have read it and share with you the best part and when you want go in more in depth than go and pick up the book. Or why go and do it yourself and bang yourself into the wall and learn the hard way when you can learn from someone who already being there. Survey also found that the best way to learn is not by reading but by attending talk or getting your hand all dirty doing it. That is why I aways encourage people to play Cash Flow 101 the financial education board game created by Mr Robert Kiyosaki.

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PS: We are going to have Mr. Bellum Tan, Rich Dad Asia and Investment Partner of Robert Kiyosaki to conduct a workshop in Cambodia this upcoming weeks. More information please CLICK HERE 

 

Invitation to Rich Dad Asia Workshop in Cambodia

We would like to invite all of you to the upcoming Rich Dad Asia event in Cambodia this coming January 18th, 2014.

PM Leadership, the official organizer of Rich Dad Asia here in Cambodia, Bellum Tan, Robert Kiyosaki’s Rich Dad Ambassador to Asia will be coming from Singapore to Cambodia to talk about financial literacy and passive income building.

Here are the detail of the event:

        Event: Rich Asia Workshop 2014 in Cambodia

        When: January 18th, 2014

        Where: Sunway Hotel Phnom Penh

        Others: Registration starts 7:15am to 8:15am. Program begins 8:30am to 5:00pm.

Event includes training materials and lunch.

Contact No.: 023 6364 966 / 012 518 422 / 081 266 534

 

 

Any Goals To Build Your Wealth?

 

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Any Goals To Build Your Wealth?

The money is out there. No matter how many people tell you that we are in the midst of a starvation economy, that the market is doing this or that, and that it’s too risky to “play the game,” so to speak, people are getting rich every day. That is the reality.

The trick, of course, is to become one of those people.

“Yeah,” you might say. “That guy was just lucky. What are the chances of that happening to me?” Well, absolutely zero if you don’t do anything about your dreams to build wealth. If you walk around thinking that you have only a snowball’s chance of hitting “the big one” in the financial game, then you are right. That’s because you are depending on chance.

Becoming wealthy is not about chance. Oh the guy you just read about may indeed have been lucky—but he was not “just lucky.” Because fortune favors the prepared mind, you have to lay the groundwork in order to take advantage of opportunity when it arises. You have to be able to not only recognize those opportunities, but to actually have the resources to take advantage of them.

Laying the groundwork involves having a plan for your financial future. What is your plan for building wealth?

If, like most Americans, you don’t have one then, like most Americans, you will retain the status quo. But if you recognize that you, and only you, are in charge of your destiny, that is an entirely different matter.

According to Robert Kiyosaki, author of the Rich Dad series of books, you have to get a grip on your financial philosophy. You don’t have a financial philosophy, you say? Sure you do, even if you don’t realize it.

Cashflow-Quadrant

In his book “Cash Flow Quadrant,” Kiyosaki outlines the four philosophies as they were outlined for him by the man he calls his “rich dad.” You can recognize your own philosophy by noticing how you tend to make your money. On the left side of the quadrant, are the E’s and the S’s—the Employees and the Self-employed. The philosopy of the E is based around security while the philosophy of the S is based around doing his own thing. While there is nothing wrong about either philosophy, neither is likely to help you build much wealth.

On the right side of Kiyosaki’s quadrant, are the B’s and the I’s—the Business owners and the Investors. The difference between a B and an S, Kiyosaki says, is that the B has built a system which he can rig to run itself, freeing him for other financial or personal pursuits. An S simply “owns a job,” as Kiyosaki says, and is such an integral part of the operation that he is essentially a prisoner of it. The company he has created is his “baby.” But we all know how demanding babies are, and if a business never matures into an adult that can survive without your mothering, it will eat most of your time.

The trick, then, is not to build a better product. It’s to build a product better—more efficiently with regard to your own resources. Build a system, not a job. Then you will have the money that will take care of your personal needs and allow you to invest.

If you already have loads of money to work with, then you can go ahead and jump right to the I quadrant—after investing in your own education and learning how it works. Investing is risky if you jump in blind, but if you know what you’re doing, it is a whole different matter.

So lay the foundation with education and then build your wealth as though you were constructing a structure. Don’t skimp on materials, but instead do it methodically. Eventually you will find yourself staring at an impressive building that will help you weather any storm.

We are going to organize a Rich Dad program in Cambodia. You are invited to join and learn how to develop your goals to build your own wealth.

Rich Dad Asia