Are You Lazy To Be Rich!

Pursue the Lifestyle That You Desire Now!
When I started work after graduation, I spend on the things I desired with my earned income. I never wanted to buy something that is too expensive because that is not within my budget.

I know the finest things are great to have but I would tell myself to forget it. It is outside of my budget.

That is the way I was brought up. Spend only within my means and not fret about things that I cannot afford. These things are meant for the rich people only.

After reading the book Rich Dad Poor Dad by Robert Kiyosaki, I realized my mistake, excuses of laziness.

Instead of thinking very hard on how to earn money to buy those expensive finest things, I have chosen the easy way out by giving myself the plain excuse that I cannot afford it.

Join The 7th Fastest Growing Business In Asia Pacific Now!
In fact, my laziness thinking it hard to make money is inherent in a lot of ways in my life.When someone tried to give me opportunity and show me a way that I could earn money, I would reject him because I was too busy with my employment.

I felt that there is no need for me to further stretch myself to earn extra money since I was already receiving a reasonable steady income. I should relax and enjoy myself during my leisure time instead of working very hard!

I simply wanted to become rich without the need to go through the process of failures and setbacks.

Build A Business That Generates Passive Income Now!

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

How Probability Play A Part In Investment?

Build A Business That Generates Passive Income Now!

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.

Pursue More Time For Your Family Now!

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

Difference between Good And Bad Debts!

Join The 7th Fastest Growing Business In Asia Pacific Now!

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.

Pursue More Time For Your Family Now!

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

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

How To Earn Income Through Expenses?

Build A Business That Generates Passive Income Now!

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

Robert Kiyosaki

Pursue More Time For Your Family Now!

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

http://www.videoonlineseminar.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

Breaking Away from Bad Spending Habits

Join The 7th Fastest Growing Business In Asia Pacific Now!

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.







Build A Business That Generates Passive Income Now!


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.


**** 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

Developing Good Spending Habits

Build A Business That Generates Passive Income Now!

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

Join The 7th Fastest Growing Business In Asia Pacific Now!

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.

**** 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

Network Marketing Business!

Join The 7th Fastest Growing Business In Asia Pacific Now!

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?

Pursue the Lifestyle That You Desire Now!

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.

**** 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

Why is Job Security Not a Problem?

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.








Build A Business That Generates Passive Income Now!

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.

**** 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

The Basic Financial Education

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.








Pursue More Time For Your Family Now!

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.








Join The 7th Fastest Growing Business In Asia Pacific Now!

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

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

Build A Business That Generates Passive Income Now!

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

Join the Fastest Growing Business Company

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.

**** 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

What is the price of a Mistake?

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.videoonlineseminar.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

Using Rich Dad’s Principles

Build A Business That Generates Passive Income Now!

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

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.

**** 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

About Kiyosaki’s Rich Dad Secrets: Why the Rich gets richer?

In fact, the rich live in a world most of us know nothing about. The rich follow a different set of rules for making and keeping money. They pay less in taxes and set their lives up in such a way that money constantly comes into their pockets. At the same time, they use expenses to their advantage. In other words, it’s the rules of the rich that make them rich.
Mr. Robert Kiyosaki, a self-made millionaire, learned from his rich dad … a dad that gave him not money, but only his secrets to acquiring great wealth in his book,. Rich Dad Secrets. He shares in Rich Dad Secrets to Money, Business, and Investing which offer the sessions about money.