Rich Dad’s Advice

Βy  Chris Palmeri        

   

           Robert Kiyosaki says he called the housing bust as far back as two years ago. “I was saying get out,” he says…

Benefit from Boom and Bust

How to profit in a fluctuating economy.

By Robert Kiyosaki         

                                                         

          As I write, the economy is strong. Yet, as we all know, every boom is followed by a bust. Every up cycle is followed by a down cycle. So when things are good, that’s the time to prepare for when things will be bad.

          Over the years, I’ve seen entrepreneurs make three mistakes during boom-and-bust cycles. The first mistake is…

Smart Kid Teaches Parents!

John-Paul Pigeon started reading the Rich Dad books at just 7 years old when he found Rich Dad Poor Dad. Now at a very mature 11 years old, he is one of the most business-aware young investors in Texas.

Robert Kiyosaki was so impressed with John-Paul that he personally interviewed him at a recent Real Estate Wealth Expo. Naturally, John-Paul was there to learn more and brought his mother to learn with him.

John-Paul’s dedication to building his financial expertise has richly benefited his family, too. Here’s the whole interview

Inspirational Words of Wisdom

By Robert Kiyosaki

A well-known entrepreneur some months ago said: “Sometimes when I’m looking for ideas, I read books of quotations or scan quotation websites”. Because every-one can use some inspiration every now and then, we thought we would share some of our favourite quotes with you. These quotes come from Robert Kiyosaki, they have inspired us and they are  continuing to inspire us. So, enjoy the following video! (Quotes are combined by beautiful pictures and music).

Creating A Mindset For Success In Real Estate Investing

What gets you out of the bed each day? Do you have goals and plans, both short and long term, or is the fact that you will be out on the streets if you don’t make next months rent or mortgage payment what motivates you? Some people are pleasure motivated and some people are pain motivated. It’s important to find out which you are. If you are pain motivated It is suggest that you find something to get excited about. Even if your goal is not for you but for a family member it can still motivate you. Setting goals are very simple. It can be done by anyone. Are you ready? Read the entire article in REIClub.

The Ins and Outs of Cash Flow Statements

Understanding your cash flow statement is key to tracking your business’s financial health.

In his book Rich Dad’s Guide to Investing Robert Kiyosaki says:” Having control over financial statements allows me to operate multiple businesses without being in the business physically. Truly understanding financial statements is one of the key still necessary for an S quadrant person to move to the B quadrant”.

Rich Dad used to say:” The ability to run a company from financial statements is one of the primary differences between a small business-owner and a big business-owner”.

 That is why Robert said:” For over 30 years, Rich Dad had me review financial statements. Today, I think automatically in financial statements”.

Indeed, the ability to understand financial statements enables you to read the story of the numbers and learn the truth about your business -and everyone else’s. If you can do that, you can quickly and easily spot possible trouble spots in your business before it’s too late.

The following article shows the Ins and Outs of Cash Flow Statements and how understanding your cash flow statement is key to tracking your business’s financial health.