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P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

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How Probability Play A Part In Investment?

2007-03-31T05:10:00.000-07:00

To find out how arithmetic plays a part in an investment this question, I need to explain a little on the probability using the example of a coin.When I throw a coin and let it land onto the table, it is obvious that the coin is either showing head or tail.

What if I throw the coin twice, what are the chances of the coin showing head? I really cannot be sure what the chances are. I may get, is it 2 heads in a row, I may get 1 head and 1 tail or I may get 2 tails.What if I throw a hundred times? How many times is the coin showing head?

I will find that the number will probably be somewhere near 50. In other words, I will find that there is a fifty percent chance of getting a head if the number of throws is large enough.

The probability of getting a head is the chances of the coin showing head out of a large number of throws. That probability of getting a head is 0.5.

Similarly, when I throw a six-sided dice, the probability of getting a six in a 100 throws is about 1/6 chance. But I can do something to increase my odds of getting a six. I can use a modified six-sided dice that has a higher probability of showing a six compared to a normal six-sided dice. In this way, the probability of getting a six is increased.

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For Your Financial Freedom

Lay Peng
http://www.videeoonlineseminar.com/

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P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

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The Guaranteed Return In Investment!

2007-03-25T20:01:00.000-07:00

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I used to go after guaranteed return in investments before I gained financial education,. Usually, I will read about mutual funds giving a guaranteed return in newspaper advertisements. Of course, I would grab the chance to invest in them The best part is that they even provide guarantee on the invested capital. To me, this is too good to be true.

Robert Kiyosaki

Upon reading the book Rich Dad Poor Dad by Robert Kiyosaki, I realized that it is important to gain financial literacy. Thus, I understand that I had to invest my time, effort and money to study. With my newly gained knowledge, I realised that a lot of the presented information in the advertisements could be rather misleading to someone who is not financially educated.

For Your Financial Freedom

Lay Peng

http://www.videeoonlineseminar.com/

http://www.topspeakeronline.com/

P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

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The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.Copyright © 2007

Difference between Good And Bad Debts!

2007-03-23T10:28:00.000-07:00

Firstly, I can identify all my bad debts and try to convert them into good debts. For example, I own a car but I rarely used it. I could rent it out to earn rental income. This rental income would be used for covering my car loan. In this way, I had converted a bad debt to a good debt.
If I failed to find someone to rent my car, I would try to settle my bad debt as soon as possible. Using the previous example, my car loan is a bad debt because every month I would need to service the loan repayment. Since I rarely used the car, then it is better for me to sell it off to pay off my bad debt.
Secondly, I need to do proper financial planning for all my good debts since there is a danger at any point of time a good debt become bad debt. Learning from the Rich Dad’s series by Robert Kiyosaki, it is important to good debts to accumulate wealth. But how many or how much good debt should I be taking on?
For example, if I were to borrow from a bank to invest in property, I would incur debt. Since my property was on rental and the monthly rental income was more than the monthly mortgage loan repayment, then my debt was essentially a good debt.
Assuming I had bought a property valued at $200K and I had loaned at 80% of the valuation price, then my good debt would be $160K. Now there were two possible scenarios that my good debt could change into bad debt.
The first scenario is that my tenant stops to lease my property and thus there were no more rental income. Without anymore rental incomes, then my debt would become bad debt. And then, I need to service my mortgage loan all by myself.
A precaution based on my financial education, it is necessary for me to set aside 3 to 6 months of expenditure including mortgage loan repayment. If such a scenario were to happen, I have to be able survive for at least 3 to 6 months. This period should be long enough for me to find new tenant or sell off my property.

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The second scenario is that the valuation price of my property suddenly drops to $100K. Assuming that the bank only allowed me to borrow at a maximum limit of 80% of the valuation price, then the loan I could only borrow is $80k. Thus, the bank would force me to top up the difference of $80k. If I failed to do so, then it would be considered to be a default on mortgage loan. The bank then has the right to sell off my property to reclaim the loss.
If I had more than one property, then I would be having a much worst financial situation when the second scenario occurred. This is where financial education can plays an important part as highlighted by the Rich Dad Series by Robert Kiyosaki. With my financial education, I could determine how many and how much debts that I could take on without running into the risk of becoming bankrupt if the situation were to turn against me. That is why I should not be overstretching myself with too many good debts. I would borrow within a reasonably safe limit.

For Your Financial Freedom

Lay Peng

Build A Business That Generates Passive Income Now!

P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

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How To Turn Good Debts Into Assets?

2007-03-20T09:44:00.000-07:00

I realized that most people made their wealth through real estate after reading a number of books,. Robert Kiyosaki.has highlighted this in the Rich Dad’s series. Thus, I decided to learn more about property investment. Even though I did not have money to invest in property, I still went ahead to attend property investment seminars for the purpose of learn.
There are two kinds of property investment seminars based on my understanding. The first kind of seminar teaches me how to go about doing property investment and it provides education on the criteria to look out for in property investment. This is good for me have a basic theoretical foundation of property investment.

For Your Financial Freedom

Lay Peng

http://www.videoonlineseminar.com/

http://www.topspeakeronline.com/blog

P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.
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The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.Copyright © 2007

How To Earn Income Through Expenses?

2007-03-16T03:20:00.000-07:00

Can this be possible? Earning through spending? Yes, this is possible based on the understanding of the Rich Dad’s Series by

Robert Kiyosaki

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When it comes to climbing the ladder to financial success, which is the major goal of the modern man, Rich Dad’s series has a lot to say. If I dream of attaining my goal, then I must have the right mindset. This is not easy, but Robert Kiyosaki has revealed through his ideas a challenging insight on earning, saving, and spending. The balance between these three is essential to success.The distinction between an asset and a liability is made clear with the challenging insights offered by Robert Kiyosaki,. And since these two are parts of living, in which one cannot exist without the other, the only thing that I can do is to maximize the desirable one and to minimize that which is unpleasant.. In the case of credit cards, I need to ensure that I always pay on time. This is so that I will not end up with any bad debts. One of the ways though earning while spending is to maximize the desirable one, I feel that it is only feasible is if the expenditure is essential. If not, I will be defeating the whole purpose of trying to earn income through expenses.

For Your Financial Freedom

Lay Peng

Build A Business That Generates Passive Income Now!

http://www.topspeakeronline.com/

P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

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Breaking Away from Bad Spending Habits

2007-03-12T09:51:00.000-07:00

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We have formed over the years the spending habits that can cause monstrous financial disaster. We can pile up every penny that we waste now force us to get loans, credit card debts and other financial problems when we do need to purchase that is a necessity. If we not only had planned for the future, saved up by eliminating unnecessary expenditures, then we could have enough money to invest in assets that generate passive income as highlighted by Robert Kiyosaki in the Rich Dad’s series. Thise generated passive income can then be used to fund investments and luxury items.them out to exactly by cooking your own meals, what is needed for each meal and save more than 80 percent in costs and wastage.You also need to have self-discipline. Seeing a large display saying that they have a sale is not mandatory for you to go inside the store and buy their products. Control yourself if you don’t really have the need to have it, then, especially if you don’t have the money to purchase such items and you will be buying the stuff on credit. Such reckless buying impulses can pile up and drown a person.Having proper financial literacy, you will be able to curb your unnecessary expenditures. You will see that your money can be delved into more fruitful endeavors. You don’t really have to buy two pairs of shoes of the same color, you don’t need to have numerous sunglasses.By heeding Robert Kiyosakiadvice in the Rich Dad’s series, you are able to control your finances and stop spending. You will see that with self-discipline and control by reading his book,, your finances would have no where to go but up.

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For Your Financial Freedom

Lay Peng

http://www.topspeakeronline.com/

http://www.videeoonlineseminar.com/
P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

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The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.Copyright © 2007 topspeakeronline.com/blog

Developing Good Spending Habits

2007-03-10T10:51:00.000-08:00

Do you know what’s the point of slaving ourselves on our jobs to earn more money that we are unknowingly going to throw away?

“Start watching your money, start with every single cent of it.” It’s not kidding; each cent that you throw away can pile up to become great expenses that will all go to waste. I know that a lot of people say that they are contented with what they have, be it a steady job, a nice income, a great family, a good corner office in the high floor, and a beautiful house and others….. Some of them say the truth, but there are those having more inside than what they are saying. Some of them don’t even have the luxury time to enjoy what they have because they spend all of their waking hours in their jobs just to make ends meet. Not that they are poor, but because they spend so much, much more than their income and still they are broke.

Robert Kiyosaki

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Lay Peng

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P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

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Network Marketing Business!

2007-03-07T08:53:00.000-08:00

We can measure Success using different standards. If I have power or I live a luxurious lifestyle, or I have billion dollars in my bank account or Today’s era has come to equate success with money. I may consider myself successful. And although many others will argue that money is not everything, no one can deny the fact that money is still something necessary if someone wants to enjoy a satisfactory lifestyle.From the very start, we work to earn so as to amass more money. Success is the primary goal of most people, and the accumulation of wealth is the overriding concern of many. However, only a few in today’s world can actually be considered as financially successful and are really enjoying a wealthy life. How do they manage to reach such heights in their life?

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Robert Kiyosaki

Who are these people? Robert Kiyosaki pointed out in Rich Dad’s series that the network marketing business as among the most effective means to bring about financial success. I am referring to a person’s ability to fully enjoy and support his lifestyle when speaking of financial success.. Many are preoccupied and struggling with the goal of earning more to be able to experience financial success. Only a few people actually have this opportunityThe network marketing business has lots to offer.
Three of the most appealing privileges of the network marketing business are the residual income, the leverage in time and money, and the geometric growth that it offers. It promotes independent and home-based business that will give everybody the chance to be his own boss instead of working several hours a day for someone else. In network marketing, once the chain is started and more people get involved, the money keeps on rolling and coming back. A residual income is a certain amount of money that will give one back earnings without requiring one to do any work at all. Once the money is invested, it will work on its own to bring one profits. This business also provides leverage since it continuous to produce results without eating much of the time and money. When you are able to attract people who will then be working for you, profit will continue to come in even when you are not doing anything.

For Your Financial freedom

Lay Peng

http://www.topspeakeronline.com/

http://www.videoonlineseminar.com/

P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

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How Much Can You Afford To Lose?

2007-03-07T07:34:00.000-08:00

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One of the reasons that so many people play the lottery is because most of the people can afford to lose a dollar when they do not win. The reason so many people play the dollar slot machines in the casinos is because they can afford to lose a few dollars but they hope to win a lot more money. The problem is that the American population, for at least sixty percent of they cannot afford to lose much more than a few dollars.

That is because they have already financially lost the game of life and yet they still do not know.. Many people will not find out how badly their situation is when they have lost until they had lost their job or have to stop working due to age or medical disability. Hopefully, they will have family members who can afford to and are willing to take care of them financially. These are the people who live at their red line of life so deeply buried in bad debt.

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The other day, Robert Kiyosaki and his wife lost $120,000 in a bad very speculative investment. His close friend was very upset as though it was his money. He said to Robert Kiyosaki and Kim Kiyosaki,”The two of you are very unlucky to lose so much money.” Kim Kiyosaki and Robert Kiyosaki did not reply much because there is no real reason to speak to someone who lives in fear of losing. They did not tell him that they had also made about a million dollars and only lost $120,000 in their portfolio. They also did not tell him that they were really lucky because of two reasons. Reason number one is that they learned a lot more from that $120,000 loss than the million dollar win. In other words, they gain more knowledge from their mistakes. The second reason is because they felt lucky that they could afford to lose that much money and not feel bad about it. If it is back in year 1985, they were in the group of people who could not afford to lose anything.

For Your Financial Freedom

Lay Peng

http://www.topspeakeronline.com/
http://www.videoonlineseminar.com/
P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

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The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.Copyright © 2007 topspeakeronline.com/blog

Why is Job Security Not a Problem?

2007-03-01T07:20:00.000-08:00

Robert Kiyosaki’s mom and dad grew up during the Great Depression. That historical event seemed to have affected their mental and emotional outlook. That is why they often emphasized the importance of “Get good grades so you can get a safe, secure job.”
If you look at the economy today, the problem is too many jobs. Ask any employer and they will tell you they are desperately looking for good employees.

Today, the issue is not job security, it is the financial security,. This is due to the shift of paying for retirement from the employer to the employee in large part, the shift from Industrial Age pension plans, defined benefit plans, to Information Age plans, defined contribution plans. Today’s defined contribution pension plans are having three major problems that need to be deal with. One is that they are to be funded by the employee and many employees are not putting any money into their plans because they need money to live on. Two is that the plans are indexed to the stock market, which means if the stock market is high, the pension plan is high. If the market should crash, as it has in the last couple of years, so will the employee’s pension plan. And three is that a defined contribution pension plan can run out just when they retire. In contrast, with the defined benefit plan of the Industrial Age, the employer would have supported the employee until the employee passed on regardless of age.

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In America, the biggest concern is over government Social Security programs and Medicare Programs. These programs as you know are in trouble when the politicians are making campaign promises to save them. Of the two, it is the threat to the Medicare system in
America that concerns Robert Kiyosaki most. His worry is as we get older, our living costs may go down, but our medical expenses skyrocket. Today, a growing reason behind many personal bankruptcies is not financial mismanagement but catastrophic illnesses. One catastrophic illness could cost more than the person’s home. A friend of a friend of his was recently injured in an auto accident. He was the sole breadwinner in the home; and had to sell every thing he owned because he had inadequate medical insurance,. To make matters worse, his youngest daughter was diagnosed with leukemia and the family is now seeking charitable donations and assistance from anyone who will help.

For Your Financial Freedom

Lay Peng

http://www.videeoonlineseminar.com/

http://www.topspeakeronline.com/

P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

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The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.Copyright © 2007 topspeakeronline.com/blog

The Basic Financial Education

2007-02-28T07:06:00.000-08:00

When people ask Robert Kiyosaki about what does one need to know financially. He always replies with this question,”Find out from your banker what is important to him or her? And you know what is important financially”. That is why one of the best mistakes he had ever made was to have bad grades in high school. If he had not had those bad grades in high school, he might never realized that his banker only asks him for his financial statement and as he said, most students leave school not knowing what a financial statement is.

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Most people simply do not submit their own prepared financial statements, instead they fill out a financial statement the bank provides them, And that is why most people think that borrowing money means begging for money, rather than showing the banker why he or she should lend you money. Bankers don’t make money unless they lend you money. Always remember that a banker’s job is to lend you money, not turn you down. That is why when a banker turns you down, it is like a teacher saying to you,” You have failing grades.” It is really a good time to ask him or her you are doing correctly and what you can do to improve your financial statement… instead of getting angry at the banker. Your financial statement is your real report card once you grow up and leave school.

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What is Important on Your Financial Statement?
Different people look for different things on a financial statement. As Robert Kiyosaki
had said in his other books, a financial statement is like reading the story of a person’s life. A financial statement also shows the reader how financially smart or financially unintelligent person is with their money. The following are some of the things his rich dad taught him to look for on financial statements. The financial statement used is the financial statement from his board game Cash flow 101, which he invented to teach financial literacy, as well as the basics of investing.

For Your Financial Freedom

Lay Peng

http://www.videeoonlineseminar.com/

http://www.topspeakeronline.com/

P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

**** DISCLAIMER *****

The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.Copyright © 2007 topspeakeronline.com/blog

Definition of a Loser

2007-02-27T06:12:00.000-08:00

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Simply go to your banker if you want to find out what is important for your financial report card. You need to fill out your personal financial statement and let your banker decide whether you are rejected. If they don’t reject you, simply ask for more money. It is ok they reject you, just sit down and ask them what you can do to improve your financial report card. As Robert Kiyosaki had said that in order to find out what is important in the real world, as your banker. The education you receive could be priceless and life changing. They look at people’s report cards every day.

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So the bankers know so much yet they are still working for the bank,minding someone’s else business. The answer is found in a subject he covered eartlier in his book - Newton’s Law.that states tjat.For every action, there is an equal and opposite reaction.” The answer is to be a good, honest, successful policeman, a policeman must also be a good crook. Or why every coin has two sides, a bird has two wings and we have two hands and two legs, two eyes, two ears…and so forth. The reason the bankers are not rich is because they are too conservative and dare to take risks. In order to be rich, one must start with nothing, but one must be a good banker and a good gambler. One must prepare to pay the price twice. Robert Kiyosaki’s rich dad said to him,”To be rich, you have to pay the price to be a good banker as well as a good gambler, and most people are neither.”

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Lay Peng

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P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

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Good Grades count in School, Financial Statements Count in Life

2007-02-26T05:54:00.000-08:00

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Receiving a failing grade at age fifteen turned out to be a very valuable experience for Robert Kiyosaki because he realized he had developed a bad attitude toward his studies. It was a wakeup call to make corrections He realized early in life that while grades are important in school, his financial statements would be his report card once he left school.
“In school, students are given report cards once a quarter. If a child is in trouble, the child at least has time to make the proper corrections if he or she wants to. In real life, many adults never receive a financial report card-until it’s too late. Because many adults do not have a quarterly financial report card, many adults fail to make the financial corrections necessary to lead a financially secure life. They may have a high paying job. A big home, a nice car, and they may be doing well at work, yet they are failing financially at home. They may be too old or out of time when they finally realize they have failed financially. That is the price of not having a financial report card at least once a quarter.” Robert Kiyosaki’s rich dad said to him,
Yet, Robert Kiyosaki’s rich and poor dads did not treat their sons as failures. Instead, they encouraged their sons to learn from their mistakes. As his school teacher, his dad told him that “Fail is a verb…not a noun.”

Robert Kiyosaki

For Your Financial Freedom

Lay Peng

http://www.topspeakeronline.com/
http://www.videoonlineseminar.com/

P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

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The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.Copyright © 2007 topspeakeronline.com/blog

So What Kind of Education Do We Need in the Information Age?

2007-02-25T07:58:00.000-08:00

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Both of Robert Kiyosaki’s dad were great educators in many ways,. As stated in Robert Kiyosaki earlier books, they taught what they thought was important, but they did not teach the same things. The list below is summary of the education he received from both dads. Although there are many different types of education, which are all important, the following are the fundamental educational studies that are required for minimal security in the Information Age.
Scholastic Education: The education that teaches you how to read, write and do arithmetic.
Professional Education: The education that teaches you the skill to work for money, such as learning to be a doctor, lawyer, plumber, secretary, electrician, teacher.
Financial Education: The education that teaches you how to have money work hard for you.

Obviously, all three educational focuses are vital. If one is not able to read, write, or do mathematics, life in general is very hard. Unfortunately, many students are leaving school today not well skilled in these fundamentals.

For Your Financial Freedom

Lay Peng

http://www.topspeakeronline.com

P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

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What is the Price of Being Cheap?

2007-02-24T19:49:00.000-08:00

While these are excellent ideas for most people, and while there is a time and place for frugality, most people do not like these ideas of cutting up their credit cards, saving money, putting the maximum amount into their retirement plan, driving a used car, living in a smaller house, clipping coupons, shopping at sales, eating at home, passing used clothes from older kids down to younger kids, taking cheaper vacations, and other such tips..

Kiyosaki personally struggles with being too cheap at time, and yet he notices that people tend to smile more or like him more when he is generous.
When he tips a little extra for good service, it come back to him in other ways. In other words, people tend to like generous people more than cheap people.

For Your Financial Freedom

Lay Peng

P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

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What is the price of a Mistake?

2007-02-16T09:40:00.000-08:00

Robert Kiyosaki

Robert Kiyosaki did hold a grudge and still don’t like the teacherwho had failed his English subject. He does not like going to school after that and never like being told to study subjects. Although the emotional scars were deep, he did buckle down a little more, his attitude changed, his study habits improved and he graduated from high school on schedule. Later he graduated with a Bachelor of Science degree. He overcomes his fear of writing and actually learned to enjoy it, although he was still a poor writer technically.
Most importantly he took his dad’s advice and made the best of a bad situation. He realized that failing English and almost the tenth grade was a blessing in disguise. The incident caused him to buckle down and make a few corrections in his attitude and study habits. If he had not make corrections in the tenth grade, he would surely have flunked out in college.

For Your Financial Freedom

Lay Peng

http://www.topspeakeronline.com

P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

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Pains And Pleasures!

2007-02-15T10:14:00.000-08:00

Robert Kiyosaki

Everyone within the right frame of mind will go for pleasures not pains. Thus, it only makes sense for me to tolerant pains now provided that I can enjoy greater pleasures later. This conviction is even stronger if I could have taste greater pleasures first. This is like a glimpse into what my future if I were to adopt this approach of wise investment instead of spending on luxury items. I am also able to experience pains of no money for retirement at old age now instead, then I would associate pains with spending my earned income on luxury goods now. And this will be the same for the other cases.
If a smoker is able to experience the pains of lungs cancer now instead of pleasures of smoking and suffer in the future, then he would definitely associate pains instead of pleasure with smoking. He would associate pleasure with no smoking now if he could experience great health in the future. He would definitely stop smoking on his own accord.
If an obese person is able to experience the pains of bad health now due to overeating instead of suffering in the future, then he would definitely associate pains instead of pleasure with overeating. He would associate pleasure with no overeating now if he could experience great health in the future. Then he would definitely stop overeating on his own accord.
If an alcoholic is experiencing the pains of liver failure due to over consumption of alcohol instead of suffering in the future, then he would associate pains instead of pleasure with drinking alcohol. He would associate pleasure with no drinking of alcohol now if he could experience great health in the future.
Therefore in other words, the way that I associate pains and pleasures with things will determine my future. Based on this new understanding, I can make use of this association for pains and pleasures to my advantage. So to be rich and wealthy, I need to associate pleasures by adopting the approach obtained from the Rich Dad’s series by Robert Kiyosaki.

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For Your Financial Freedom

Lay Peng

Build A Business That Generates Passive Income Now!

P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

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Using Rich Dad’s Principles

2007-02-14T23:05:00.000-08:00

Using the principles his Rich Dad had taught him throughout his life, Kiyosaki founded a new business that is focused on passing Rich Dad’s invaluable lessons of money, success and financial freedom to people all over the world.

Pursue the Lifestyle You Desire

In short, I think this guy is one of us. He says some things that most of us don’t say, and he fails to say some things that most of us do say. But he is directing his energies to addressing the same basic questions. . That’s a good thing, and, to the extent he has offered real help to those people, he should be recognized as having done so. He is seen by many people who are frustrated with the conventional work and money rules to be offering a more rewarding path to follow

According to Kiyosaki, “wealth” as he views the term is measured as the number of days the income from one’s assets will sustain them. “Financial independence” is achieved when one’s monthly income from assets exceeds their monthly expenses according to him. This lesson is stressed repeatedly as one of Kiyosakis primary points when giving financial instruction. He states that the only way to achieve “true wealth” is through passive or residual income.

For Your Financial Freedom

Lay Peng

Build A Business That Generates Passive Income Now!

P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

**** DISCLAIMER *****

Different Types Of Income

2007-02-13T19:51:00.000-08:00

Robert Kiyosaki

There are three different types of income in the world: earned, portfolio and passive, with earned or active income coming from your job, portfolio income coming from capital gains, generally from stocks and bonds, and passive income from real estate.
Active income means that I have to keep working to ensure that the cash keeps coming in. The moment that I stop working, the cash also stop coming in. A job is an example of an active income. The employer will stop paying me a salary if I stop working. The opposite of active income is passive income.

Passive income on the other hand does not require me to work actively for it. I can build a business that can run on its own. Even when I am not around, the business will run because there is a system.

For Your Financial Freedom

Lay Peng

P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

**** DISCLAIMER *****

Passive Income

2007-02-12T09:41:00.000-08:00

Robert Kiyosaki

According to Mr. Robert Kiyosaki‘s definition, one that generates positive cash flow is an asset. It is a liability if it does not generate any income, A car is liability if it does not generate a positive cash flow unless the car is rented out and the monthly rental is income, I will need to calculate to determine whether it is an asset or liability.
Firstly, I need to subtract the monthly repayment of car loan and maintenance costs from monthly rental income. If I get the result is positive, then it means that the car is generating a positive cash flow, thus it is classified as an asset. However if the result is negative, then it means that the car generates is giving a negative cash flow and therefore it is classified as a liability. Based on this new definition of what is an asset, I understand that if I can build up my wealth, I must have investment only in assets that can generate positive cash.
But is it that simple to just invest in any assets that generate me positive cash flow? When I invest in a business that is generating positive cash flow and all my time were taken by this business, then is this considered a good investment? Since I have no time and energy to think of building other sources of income, I do not think that this is a good investment. It is also like I must be working hard on this business. At any time when I was away and not on this business, my business could not sustain the results, then this is not the business that generates passive income.

Build A Business That Generates Passive Income Now!

Passive income on the other hand does not require me to work actively for it. I can build a business that can run on its own. Even when I am not around, the business will run because there is a system.Alternatively, I invest buying an asset that generates passive income. Basically I can leave it running on its own with little or no intervention on my part. For example, I could invest by buying property and renting it out. The only task that I need to do is just to collect monthly rental. The passive income derives from property means that I am an investor. This switch from active income earner to passive income earner is based on my understanding from the book Rich Dad Poor Dad by Robert Kiyosaki.

For Your Financial Freedom

Lay Peng

http://www.videeoonlineseminar.com/

http://www.topspeakeronline.com/blog

P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

**** DISCLAIMER *****

The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.Copyright © 2007 topspeakeronline.com/blog

Listening Skill - An Essential Skill For Selling And Life

2007-02-11T09:27:00.000-08:00

Join the Fastest Growing Business Company

Are you willing to lend a listening ear?
Firstly, listening skill is to give every opportunity to make the other person feel important. By listening attentively to what he or she has to say, you are showing attention and create an atmosphere of real need identification of the person. Secondly, it is best to avoid interrupting the other person after he or she has stopped speaking by slowing down and pausing for a few moments.

Selling Is Part And Parcel Of Life!
According to Robert Kiyosaki, one of the important skills to learn is selling. I decided that I wanted to learn selling and sharpen my listening skills.. This is because I realized the fact that I am always selling my ideas and information to someone everyday whether I like it or not. Selling is part and parcel of life

For Your Financial Freedom

Lay Peng

http://www.videeoonlineseminar.com/
http://www.topspeakeronline.com/blog

P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

**** DISCLAIMER *****

The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.Copyright © 2007 topspeakeronline.com/blog

Kiyosaki mania

2007-02-10T10:43:00.000-08:00

Robert Kiyosaki has made millions bucking the system. Now there is a rush to join him. They wanted to be rich, like him.

Robert Kiyosaki

He was able to made millions from bankruptcy state bucking the system. Now others are rushing to join him.

For Your Financial Freedom

Lay Peng

P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

**** DISCLAIMER *****

Rich Dad’s Guide to Wealth with Robert Kiyosaki

2007-02-09T09:57:00.000-08:00

Robert Kiyosaki
Social Security and Medicare are in a financial mess. The gap between the haves and have-nots is growing. Just affording to live is getting expensive!
Robert Kiyosaki certainly does not believe living frugally and being solely cheap is a way to get wealthy. He also talks about your standard of living need to be maintained while achieving wealth. It is a bit short-sighted to have such simplistic and absolute rules which doesn’t allow for improvisation or new opportunities.

For Your Financial Freedom

Lay Peng

Build A Business That Generates Passive Income Now!

P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

**** DISCLAIMER *****

Are You Missing Out Something Big and Exciting?

2007-02-08T05:19:00.000-08:00

Do you want to start an online business? Problem is how you are going to start. You may be able start with some basic internet knowledge. But if you are a newbie to the internet, don’t share my level of confidence about your ability to select a genuine online opportunity, then simply use these 3 steps. They are a very worthwhile time investment that many entrepreneurs miss out because they jump at the first opportunity that is being thrown in front of them, and guess what, they’ve been had. The reason for this is that today most ventures are very good at persuading you the guarantee to make a really significant income for a tiny investment.

Build A Business That Generates Passive Income Now!

Lay Peng

http://www.videoonlineseminar.com nar.com

“Failure Precedes Success!”

2007-02-07T02:47:00.000-08:00

The best way is to have a mentor to guide and teach you in the shortest time. But if I cannot find someone to coach me, then the next best alternative is learned from resources like books, videos and audio courses.Lastly, an actionable plan with quantified milestones is drawn up to measure my progress. Constantly checking my progress against my plan, I will be forced to reflect on my actions. Is there things I have done incorrectly that causes delay in my progress? What should I do to correct the situation?With all the above steps in place, I had apparently reduced my fear of failure. My chance of success is greatly enhanced.

For your Financial Freedom

Lay Peng

P.S: Mr Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

**** DISCLAIMER *****

My Understanding with Rich Dad Poor Dad by Robert Kiyosaki

2007-02-06T22:53:00.000-08:00

Thanks to Mr. Robert Kiyosaki, I looked at my past and present and my future. My parents, typically are like his poor dad who had the same mindset. I am also complacent and school education really taught me to be a good employee. I dare not take risks, have fear of failure, afraid of changes and I lacked financial planning education.

Instead of working for money, you’ll learn how to make money work hard for you.
You’ll discover why you don’t need a high income to become rich—and that all you do need is the type of financial education: Find out more on Kiyosaki’s business school of coaching and Financial Literacy by watching his video at my website. It not only helps you gain Financial freedom, it is also Life changing education.

For Your Financial Freedom,

Lay Peng

P.S: Mr Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

**** DISCLAIMER *****

What does Mr Kiyosaki see in the Special Value of Network Marketing?

2007-02-05T00:59:00.000-08:00

It’s not the money.

Yes, plenty of money has been made and can be made.

Nor is it the products.

Yes, Kiyosaki admits that great Network Marketing companies have excellent products and services.

But that’s just NOT the main reason he points people in the direction of Network Marketing. So what DOES he base his recommendation on, if it’s not products and compensation plans?

It’s The Life-Changing Business Education!

For Your Financial Freedom

Lay Peng

http://www.topspeakeronline.com/blog

P.S: Mr Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.

**** DISCLAIMER *****

Educational methodologies

2007-02-03T09:24:00.000-08:00

In his words, "Education is more important today than ever before. But we need to teach people to think a little further than just looking for a secure job and expecting the company or the government to look after them once their working days are through. That is an 'Industrial Age' idea, and we aren't there anymore. The rules have changed." –Robert Kiyosaki 2000 Cashflow Quadrant
“The main reason people struggle financially is because they spent years in school but learned nothing about money. The result is people learn to work for money...but never learn how to have money work for them,” says Robert.
Kiyosaki says that life skills are often best learned through experience and that there are important lessons not taught in school. He says that formal education is primarily for those seeking to be employees or self-employed individuals. And according to Kiyosaki, in order to obtain financial freedom, one must surely be either a business owner or an investor, generating passive income. In effect, Kiyosaki stresses what he calls "financial education" as a means to obtaining wealth. (Robert Kiyosaki 2000 Cashflow Quadrant)

For Your Financial Freedom

Lay Peng