Robert and Kim Kiyosaki – Mindsets of Entrepreneurs

Robert and Kim Kiyosaki are the founders of Rich Dad Company and creators of CashFlow Board Game 101. In this video Robert and Kim discus about the different types of mindsets of entrepreneurs.

It is important that you should understand what mindset you have and operate in your everyday life.

Robert Kiyosaki – Top 10 Rules for Success

Robert T. Kiyosaki is best known as the author of Rich Dad Poor Dad.This is the #1 personal finance book of all time, which has challenged and changed the way tens of millions of people around the world think about money.

He also invented the game Cashflow 101 for more than 30 years of investment experience his reality, Cashflow 101 allows you to practice in real world, many people after playing this game earned great fortune and became the very successful investment.

The CashFlow games teach accounting, finance, and investing, and emphasize the importance of wealth-creating principles. The purpose of these games is to teach investors how to recognize opportunities for wealth in everyday life. There have been many people have applied these “game” principles in their own life to achieve financial freedom. 

Words From My YODA Robert Kiyosaki

Words from my YODA, Robert Kiyosaki says, “It’s better to understand how the Federal Reserve does business and use it to your advantage, rather than trying to change the system. With this economic crisis, can you sustain a financial hit? Have you got a gun? Do you have food stored? How long can you go without a paycheck? Play by the rules of the rich, not the rules of the middle class. The fairy tale is that you should save money. The miracle of compounding interest doesn’t take into account the rate of inflation.

  • In 1904, John D. Rockefeller took financial education OUT OF THE EDICATION SYSTEM. The reason for that is to DUMB DOWN the population so that they system can be hidden from the public eye.
  • In 1910, they designed the Federal Reserve system at Jekyll Island.
  • In 1913, the Federal Reserve was born.
  • In 1933, it became illegal for Americans to own gold.
  • In 1944, Bretton Woods spread the Mandrake Mechanism around the world.
  • In 1971, when President Nixon took us off the gold standard, the plan was complete.

Learn to create your own future and print your own money. That’s exactly what the Federal Reserve does. We now have Fiat currency. There’s no gold to back it. Fiat currency is a currency that has value b/c the gov’t entity says it has value. Throughout history, every Fiat currency has collapsed. None has ever survived. Unfortunately, right now people are trusting the people who are robbing them. All you have to do is look at the rules of the Monopoly game to see how the Federal Reserve works. ‘THE BANK NEVER GOES BROKE. THE BANKER MAY ISSUE AS NEEDED’. Again, why try to change the system when, IF YOU UNDERSTAND IT, you can make it work for you? GRUNCH wants money in mutual funds and the stock market b/c that’s how it makes money. Without financial education you are dependent and stupid. They want to DUMB YOU DOWN so you feel stupid. That’s the objective of GRUNCH. Look at how the Federal Reserve and Treasury interact. Every time they lend out money, it’s in excess of what they actually have on hand. They lend money they DON’T HAVE and PRINT $$$$ OUT OF THIN AIR. IT’S LEGAL CLIPPING and it shows up as INFLATION. A sales pitch only tells you the good side. Education states both the good and bad. GRUNCH is about to lose control because the last control they have is power/energy. That’s about to come to and end. Due to lack of financial education, the poor and middle class are just PAWNS in the game. Seek to reform the environment, not man – don’t attempt to change people. Change the environment. Solve problem through action. Change causes upset. Feedback is extremely important for change. Feedback helps you focus on the areas that require change. Every time you look in the mirror, you get feedback. You either CAN’T change or you WON’T change. Precession = If you are doing what you’re supposed to be doing, them money will come. The reason most people are not successful is because they haven’t FAILED ENOUGH. They haven’t learned through experience.”

Credit: This article is originally posted on Facebook by Crystal Han II. Go to her post at Words from my YODA Robert Kiyosaki

Robert Kiyosaki: How To Be Rich

According to Robert Kiyosaki, getting rich starting from THINKING. Change the way we think and our financial life will be changed.

Is it that simple? Why the mass majority of people are poor? There must be a missing link that we do not understand what he means by Changing our Thinking. Let’s listen to Robert Kiyosaki and find out how to be rich.

How do you think about his advice from the video above? Please share what you have learned from Robert Kiyosaki on how to be RICH.

Who Controls Your Cash Flow?

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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“

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 

 

THE RICH DAD

The author, Robert Kiyosaki, wrote that it was when he was nine years old that he started realizing that his rich dad made much more sense than his poor dad. It was from rich dad that the author learned not to say, “I can’t afford it”, but instead to ask, “how can I afford it?” He explains this principle by relating an incident when he and his best friend Mike went to work for Mike’s father. Rich dad paid them very low wages deliberately so that would stir anger and a sense of injustice in them and eventually for them to realize that in order to get ahead, one must work for himself and not for others. For example, in that part of the book when the author complains to rich dad that he can hardly afford to buy anything with the wages he is paid, rich dad tells him that he shouldn’t dwell on the fact that his wages are low, but instead ask “how can I make more money” because this stimulates the brain to take action. His rich dad says that when someone says, “I can’t afford it”, his brain stops working. It therefore kills initiative and promotes passivity.

The author adds that while his poor dad invested time and effort in education, he did not have any knowledge on investing. His rich dad, by contrast, was very skilled in the investment game because that’s all he did. The attitude of his rich dad about money was manifested in the saying “the lack of money is the root of all evil” (his poor dad, on the other hand, believed that the love of money is the root of all evil).

According to the author, rich dad also nurtured the idea that taxes punished producers and rewarded the non-producers. He was the type who encouraged money talk at the dinner table and was portrayed by the author as someone who learned to manage risk, instead of not taking risks.

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Mr. Piseth Kham, President of PM Leadership with Mr. Bellum Tan, CEO of Rich Dad’s Training (S.E.A.) Pte LtD 

 

Source: http://www.wikisummaries.org/Rich_Dad,_Poor_Dad

THE POOR DAD

The author, Robert Kiyosaki, compares his poor dad to the millions of fathers who encourage their sons to do well in school so they could get a good job with a good company. Poor dad believed in the traditional principles of working hard, saving money, and not buying material things that one cannot afford. He believed that having a good job with a solid company is what one should aspire for; hence he expresses disappointment when his son leaves the employ of a large, reputable corporation.

Poor dad looks to education as the passport to success. He held a doctorate degree, went to Ivy League universities, but was always struggling financially. He believed he would never be a rich man and the author points out that this became a self-fulfilling prophecy. Poor dad was more interested in a good education than the subject of money. The author wrote that his poor dad would always say things like, “I’m not interested in money” or “money doesn’t matter.”

The author points out that poor dad was preoccupied with things like job tenure and security, Social Security, vacation and sick leaves, company insurance and salary raises and promotions. The author felt that his poor dad was more interested in these factors rather than on the job itself. This is what the author calls being trapped in the Rat Race. His poor dad worked hard incessantly but somehow never made it ahead financially. Poor dad’s approach to the subject of money was based on working hard to have enough money to pay the bills (in contrast to rich dad’s approach to make one’s money work for him).

Source: http://www.wikisummaries.org/Rich_Dad,_Poor_Dad