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Showing posts with label Robert Kiyosaki. Show all posts
Showing posts with label Robert Kiyosaki. Show all posts
September 22, 2013
July 17, 2013
The 90/10 Rule of Money Rich Dad's Guide to Investing
In his Cash Flow Quadrant, Robert Kiyosaki explains that 90% of the people are working in the left side quadrant of which are the Employees and the Self-Employed and earns only the 10% of the worlds wealth. On the other hand, the Business Owners and the Investors at the right quadrant are only 10% that earns the 90% of the wealth.
From the book, Rich Dad's Guide to Investing by Robert Kiyosaki explains the 90/10 Rule of money.
Fun reading and learning.
Most of us have heard of the 80/20 rule. In other words, 80% of our success comes from 20% of our efforts. Originated by the Italian economist Vilfredo Pareto in 1897, it is also known as "The Principle of Least Effort."
Rich dad agreed with the 80/20 rule for overall success in all areas but not money. When it came to money, he believed in the 90/10 rule.
Rich dad noticed that 10% of the people had 90% of the money. He pointed out that in the world of movies, 10% of the actors made 90% of the money. He also noticed that 10% of the athletes made 90% of the money as did 10% of the musicians.
The same 90/10 rule applies to the world of investing, which is why his advice to investors was, "Don't be average."
An article in The Wall Street Journal recently validated his opinion. It stated that 90% of all corporate shares of stock in America are owned by just 10% of the people.
This book explains how some of the investors in the 10% have gained 90% of the wealth and how you might be able to do the same.
-Robert Kiyosaki's, "Rich Dad's Guide to Investing"
What the Rich invest in, that the poor and middle class do not!
Investing means different things to different people. In fact, there are different investments for the rich, poor, and the middle class. Rich Dad's Guide to Investing is a long-term guide for anyone who wants to become a rich investor and invest in what the rich invest in. As the title states, it is a 'guide' and offers no guarantees... only guidance.
-Robert Kiyosaki
Rich Dad's Guide to Investing will reveal...
1. Rich Dad's basic rules of investing
2. How to reduce your investment risk
3. Rich Dad's 10 Investor Controls
4. How to convert your ordinary income into passive and portfolio income
5. How you can be the ultimate investor
6. How to turn your ideas into multimillion-dollar businesses
7. How and why many people today will go bankrupt
Source: Robert Kiyosaki's book, Rich Dad's Guide to Investing
Happy Investing!
From the book, Rich Dad's Guide to Investing by Robert Kiyosaki explains the 90/10 Rule of money.
Fun reading and learning.
Rich dad agreed with the 80/20 rule for overall success in all areas but not money. When it came to money, he believed in the 90/10 rule.
Rich dad noticed that 10% of the people had 90% of the money. He pointed out that in the world of movies, 10% of the actors made 90% of the money. He also noticed that 10% of the athletes made 90% of the money as did 10% of the musicians.
The same 90/10 rule applies to the world of investing, which is why his advice to investors was, "Don't be average."
An article in The Wall Street Journal recently validated his opinion. It stated that 90% of all corporate shares of stock in America are owned by just 10% of the people.
This book explains how some of the investors in the 10% have gained 90% of the wealth and how you might be able to do the same.
-Robert Kiyosaki's, "Rich Dad's Guide to Investing"
What the Rich invest in, that the poor and middle class do not!
Investing means different things to different people. In fact, there are different investments for the rich, poor, and the middle class. Rich Dad's Guide to Investing is a long-term guide for anyone who wants to become a rich investor and invest in what the rich invest in. As the title states, it is a 'guide' and offers no guarantees... only guidance.
-Robert Kiyosaki
Rich Dad's Guide to Investing will reveal...
1. Rich Dad's basic rules of investing
2. How to reduce your investment risk
3. Rich Dad's 10 Investor Controls
4. How to convert your ordinary income into passive and portfolio income
5. How you can be the ultimate investor
6. How to turn your ideas into multimillion-dollar businesses
7. How and why many people today will go bankrupt
Source: Robert Kiyosaki's book, Rich Dad's Guide to Investing
Happy Investing!
August 17, 2012
Rich Thinking versus Poor Thinking
There is a slight difference between the rich thinking and the poor thinking people around us. Take a look at this comparison and decide for yourself what kind of thinking do you have. This is from my mentor Robert Kiyosaki.
Rich Thinking:
Income - Expenses: = Savings:
Household Doodads
Charity Liabilities
Success Education
Business Seminars
Books
Investments
Poor Thinking:
Income - Expenses: = Savings:
Household Charity
Doodads Success Education
Liabilities Business Seminars
Books
Investments
Carefully scan at how and where the expenses of the Rich Thinking people go. Look at the priorities of their spending. They still have expenses for household but they also make it sure as urgent as possible to give for charity, success education, business seminars, books for personal development, and for investments. And after the first priority, comes the less important one's such as the unnecessary things in life called "doodads" and the liabilities.
By the way according to Robert Kiyosaki, assets are those that generates income that eventually adds to our pocket. While liabilities are those that adds up to our cash outlay monthly.
In contrast, poor thinking spends the money first for household of course, the doodads, and buys things that will only add to their monthly cash outlay called the liabilities. And after that, if their still are savings, only then that they will give for charity, education, business seminars, books, and investments.
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April 9, 2012
What are shares of STOCKS?
As a part-owner, you participate in the company’s growth and future profits. Conversely, you may also lose if the company suffers a loss or performs below market expectations.
The number of stocks you acquire will determine how big or small your ownership is. As you acquire more stocks, your ownership stake in the company becomes greater.
Other terms for stocks are “shares” or “equities”.
In Filipino, stocks are called “sapi”, which means to “join” or to “partake”.
Source: http://www.pseacademy.com.ph
Shares of Stock is equivalent to ownership. When you buy a share of stock you become a part owner of the company. By investing in the stock market you become an investor. You are slowly going to the right side of the cash flow quadrant. If you don't know what cash flow quadrant is, I encourage you to read the book of Robert Kiyosaki, "Rich Dad Poor Dad." There you will know about the Cash Flow Quadrant: Employed, Self-Employed, Business Owner, and ner, and Investor.Investing in the Stock Market is going out of the rat race.
September 23, 2011
Why Invest in Your Financial Education?
Robert Kiyosaki is my financial mentor although he does not know me but he is a great advisor to me in many ways. I read some of his books.
Here's a financial advice I got from him and want to share it with you.
Robert Kiyosaki said, "To be rich, I recommend investing in your financial education." Why? He further said, "A solid financial education allows you to know the difference between good advice and bad advice, rich advisers and poor advisers."
Great advice. I come to think about it and realize that I've been listening to poor advisers. This is a gauge for me to know where I am now in my financial education. Just this month I finished reading the book "The Magic of Thinking Big" and commit to read one book a month to enrich myself everyday of my entire life. This is gonna be my way to financial education. Getting more, being more and having more everyday is my goal.
To have a solid foundation of my financial education, I'll be able to know the financial advice that is best for me. To become wealthy is to invest in financial education. I need to pay the price of success to become one because the price of failure is much more expensive.
How about you, what price are you paying now?
The price of success or the price of failure?
Here's a financial advice I got from him and want to share it with you.
Robert Kiyosaki said, "To be rich, I recommend investing in your financial education." Why? He further said, "A solid financial education allows you to know the difference between good advice and bad advice, rich advisers and poor advisers."
Great advice. I come to think about it and realize that I've been listening to poor advisers. This is a gauge for me to know where I am now in my financial education. Just this month I finished reading the book "The Magic of Thinking Big" and commit to read one book a month to enrich myself everyday of my entire life. This is gonna be my way to financial education. Getting more, being more and having more everyday is my goal.
To have a solid foundation of my financial education, I'll be able to know the financial advice that is best for me. To become wealthy is to invest in financial education. I need to pay the price of success to become one because the price of failure is much more expensive.
How about you, what price are you paying now?
The price of success or the price of failure?
September 14, 2011
The 90/10 Rule of Money
I got to read this wonderful article from Robert Kiyosaki, these are just some of the insights I got to know from him.
In the world of money, the rule is 90/10. This means 90 percent of the people make 10 percent of the money and 10 percent of the people make 90 percent of the money.
Crisis is a good time for professionals and a bad time for amateurs in investing.
What is the difference between a professional and an amateur investor?
Professionals know their best is not good enough. They always want to do better. When someone says, ‘I'll do my best' or ‘I'll give it my best shot' or I'll try,' they've already lost. Those are not words of a winner.
In the world of ‘the best,' your best is never good enough. If you're going to be a winner in life, you have to constantly go beyond your best. Most people are happy being average. Most are happy being faceless in a sea of faces. That's why 10 percent always win 90 percent of the rewards. I get up every day, grateful for what I have accomplished, yet looking forward to doing better. I want do better than my (previous) best everyday. It's not about the money anymore. I have enough money. I just love the game of making money.
Amateurs are amateurs because they do not love the game enough. When it is cold and rainy, a professional golfer will play. The amateur will not. When they are sick, the professional will play. The amateur stays in bed. When they are losing, the professional will practice harder and enter more tournaments. The amateur will quit and take up tennis.
A financial crisis is a great time for professional investors and a horrible time for average ones. If you're going to invest, don't be average. It's time to turn pro... or take up tennis.
It is such a great idea from Robert Kiyosaki to becoming professional from an amateur investor. This phrase impacted me most, "your best is never good enough."
Professionals never quit, they love the game.
This is also true in all areas of our life. Whatever we are doing right now, to be the best is our goal in everyday endeavor.
I will learn and love the game of making money.
I will play the game to better myself to love more, serve more, and do more.
In the world of money, the rule is 90/10. This means 90 percent of the people make 10 percent of the money and 10 percent of the people make 90 percent of the money.
Crisis is a good time for professionals and a bad time for amateurs in investing.
What is the difference between a professional and an amateur investor?
Professionals know their best is not good enough. They always want to do better. When someone says, ‘I'll do my best' or ‘I'll give it my best shot' or I'll try,' they've already lost. Those are not words of a winner.
In the world of ‘the best,' your best is never good enough. If you're going to be a winner in life, you have to constantly go beyond your best. Most people are happy being average. Most are happy being faceless in a sea of faces. That's why 10 percent always win 90 percent of the rewards. I get up every day, grateful for what I have accomplished, yet looking forward to doing better. I want do better than my (previous) best everyday. It's not about the money anymore. I have enough money. I just love the game of making money.
Amateurs are amateurs because they do not love the game enough. When it is cold and rainy, a professional golfer will play. The amateur will not. When they are sick, the professional will play. The amateur stays in bed. When they are losing, the professional will practice harder and enter more tournaments. The amateur will quit and take up tennis.
A financial crisis is a great time for professional investors and a horrible time for average ones. If you're going to invest, don't be average. It's time to turn pro... or take up tennis.
It is such a great idea from Robert Kiyosaki to becoming professional from an amateur investor. This phrase impacted me most, "your best is never good enough."
Professionals never quit, they love the game.
This is also true in all areas of our life. Whatever we are doing right now, to be the best is our goal in everyday endeavor.
I will learn and love the game of making money.
I will play the game to better myself to love more, serve more, and do more.
September 13, 2011
Professional Investors
Warren Buffett said, "It's important for society to have accurate and informed sources of information."
This very statement made me decide to have a financial mentor to guide me in my investments. It is very crucial especially for a newbie like me. I need to invest for my future and to increase my cash flow.
Robert Kiyosaki said, "That there are two things professionals invest for: 1) Capital gains, and 2) Cash flow."
He further cited examples of these two.
Capital Gains
Here's an example of capital gains for a great price: Back in the 1990s, every time I had some extra cash I would buy some gold or silver. Although I didn't receive any cash flow from gold or silver I knew I was purchasing the metals at a great price, and that someday those prices would rise again.
Cash Flow
An example of buying for cash flow at a great price is when I buy a stock that pays a dividend. I wait until the stock market dips and then buy, which is what I'm currently doing. Every time the market drops, I buy more of this stock at a great price, because I love the cash flow from dividends.
Combination of Capital Gains and Cash Flow
Finally, an example of buying both capital gains and cash flow at a great price is when I find an apartment building at a bargain, and then increase the rents. By doing so, I increase the cash flow and the property value, which translates into capital gains.
I ask myself, as of this very moment, where do I invest my money for Capital Gains or Cash Flow?
But when Robert Kiyosaki was ask, what do you invest for? He said, both.
As for me this is a very accurate and informed source of information. I love to hear from the great investors and leaders of our time. They are the sources of information I really need to hear.
I want to leave this question to you, who do you listen to? What information do you constantly get? And where is that information coming from?
This very statement made me decide to have a financial mentor to guide me in my investments. It is very crucial especially for a newbie like me. I need to invest for my future and to increase my cash flow.
Robert Kiyosaki said, "That there are two things professionals invest for: 1) Capital gains, and 2) Cash flow."
He further cited examples of these two.
Capital Gains
Here's an example of capital gains for a great price: Back in the 1990s, every time I had some extra cash I would buy some gold or silver. Although I didn't receive any cash flow from gold or silver I knew I was purchasing the metals at a great price, and that someday those prices would rise again.
Cash Flow
An example of buying for cash flow at a great price is when I buy a stock that pays a dividend. I wait until the stock market dips and then buy, which is what I'm currently doing. Every time the market drops, I buy more of this stock at a great price, because I love the cash flow from dividends.
Combination of Capital Gains and Cash Flow
Finally, an example of buying both capital gains and cash flow at a great price is when I find an apartment building at a bargain, and then increase the rents. By doing so, I increase the cash flow and the property value, which translates into capital gains.
I ask myself, as of this very moment, where do I invest my money for Capital Gains or Cash Flow?
But when Robert Kiyosaki was ask, what do you invest for? He said, both.
As for me this is a very accurate and informed source of information. I love to hear from the great investors and leaders of our time. They are the sources of information I really need to hear.
I want to leave this question to you, who do you listen to? What information do you constantly get? And where is that information coming from?
July 20, 2011
Value over Price, which do you prefer?
I got this learnings from Robert Kiyosaki who says, "Only cheap people buy on price. Just because something is cheap doesn't mean it's worth the cost." And, "value rather than price has made me rich."
It made my mind think of this quote, I was stunned. Why? Because I myself has been in this situation and just take it for granted, the value and preferred the price. Yes, this is some kind of marketing strategy: stating the old price and then here comes the new price which is very much lower than the previous one. I forgot to figure out the value which is much more important than the price.
There are reasons behind all of this miss calculations or wrong decisions I've done for the past years.
Here are some important notes to consider:
It made my mind think of this quote, I was stunned. Why? Because I myself has been in this situation and just take it for granted, the value and preferred the price. Yes, this is some kind of marketing strategy: stating the old price and then here comes the new price which is very much lower than the previous one. I forgot to figure out the value which is much more important than the price.
There are reasons behind all of this miss calculations or wrong decisions I've done for the past years.
Here are some important notes to consider:
- Zero financial education.
- Too emotional.
- Know the difference between the advice from rich people and advice from sales people.
Knowing and improving everyday, making myself better than yesterday helps me know the difference between the good and bad advice.
I got this lessons from: richdad
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