The money you hold in your wallet is called “fiat money”. I will not get into a long explanation (you can Google it on your own) but essentially it means that their is nothing backing up the money other than a government promise. Years ago we were taken off the gold standard and the started the era of monetary inflation – every year your dollar is worse less. Robert Kiyosaki and his adviser Mike Maloney discuss this subject, the dangerous of inflation on your nest egg and how to properly invest in gold and silver.
No personally I am not about to sell all my other investments and load up on bars of gold and or silver, but it is defintiely going to become part of my portfolio. While I was searching the internet I found that believe it or not, eBay was one of the best places to buy silver and gold bullion bars with very little (if any) spot price premium.
There are good ways to hold your long-term real estate investments and their are poor ways of holding your real estate investment. What do I mean? Well, depending on the type of corporate entity you chose to hold your real estate investment you could be exposing yourself to excess liability and/or taxes.
One of the fundamentals of Robert Kiyosaki’s advice is to understand the concept of the Cashflow Quadrant. The definitions of these four quadrants are very important. If you are in the E quadrant you are an employee and you have a job. In the S quadrant you are a self-employed person who owns your own job. The B quadrant for business owners who have a system that produces cash flow and others work for you. Finally in the I quadrant, as an investor, your money works for you.
Watch the video below to see and hear Robert explain it himself.
Rich people are getting more than 70 percent of their cash flow and income by having money work for them. Understanding the Cashflow quadrant is the follow-up guide to finding the financial fast track that best works for you. It reveals the strategies necessary for moving beyond just job security to greater financial security by generating wealth from four selective financial quadrants.
Do you feel that the Network Marketing business is nothing but a scam? Do you think that there are no real opportunities in by getting involved in your own multi-level marketing operation?
Robert Kiyosaki felt the exact same way when he first heard of network marketing decades ago. He has since found them to be the perfect way the average person to change both their context and their life’s content.
By joining a good network marketing organization you can begin to associate with people who are interested in helping you to succeed. Unlike the typical corporate environment where if one person succeeds then others will not advance – in a network marketing organization, one one person is successful, many people will benefit.
Stop associating with employees, join a reputable network marketing company and start associating with business owners and investors.
Often people ask me what the difference is between the board games Cashflow 101 and Cashflow 202. I have played both but often find it difficult to explain. In this video Robert Kiyosaki very effectively (as is his manner) explains the difference between the two games. Essentially, the first board game helps you understand the basics of your personal financial statement and the fundamentals of investing. In general, the game is very easy to play and win (after a couple tries of course). Cashflow 202 expands on the basics of the first game and begins to teach you how to handle these two elements (your personal financial statement and investing) and places you in a much more “risky” world. It is harder to win and the chances of going bankruptcy increase greater – just like in life.
I am an avid fan of Robert Kiyosaki’s Rich Dad series and help facilitate and organize local groups to play cashflow. Lately several members of our group have been discussing moving up to Cashflow 202 (until now we have just been playing Cashflow 101). After watching this video we realized that the goal should be to move to Cashflow 202 as quickly as possible. Most fundamentally, it teaches you how to manage change. Something that we have A LOT of in the current financial markets.