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Overcome bad habits!
Even more than our education, our habits are a reflection of our lives. Habits are very easy to develop and very hard to break, and once they’re developed, they control our behavior—sometimes in ways that we don’t even recognize. Often these bad habits lead to other bad habits. It’s a vicious cycle. read more
Often you’ll hear people say, “They’re poor because they’re lazy.” What people mean is that it takes hard work to get rich. The problem is that it is only partially true. It does take hard work to get rich, but it also takes financial intelligence. read more
“The sky is falling!” – Chicken Little
Most of us know the story of Chicken Little, who ran around the barnyard crying out about impeding doom after an acorn fell on her head. In the story, the sky is not falling, of course, but to Chicken Little, facts didn’t matter. Rather than investigate and learn what was happening, Chicken Little panicked and spread her fear to others.
All of us know people who are like Chicken Little. And, if we’re honest, we all have an inner Chicken Little who comes out in the face of fear and doubt.
Ultimately, if unchecked, our inner Chicken Little turns us into cynics who always see danger and never take action. If you have any hope of being rich, you must learn to overcome this cynicism in your life. read more
How the rich use fear to make them richer
If you’ve read Robert Kiyosaki’s posts for a time, you know the importance of financial education. It’s only through increasing your financial intelligence through financial education that you will be able to become rich!
That being said, it isn’t an easy path. Financial education is hard work, especially in a culture that doesn’t understand or value it.
When it comes to increasing your financial intelligence, you’ll inevitably come up against obstacles that will push you to either bear down and fight through or give up. How you respond to those obstacles will set the course for whether you live a rich life or a poor one.
In my studies, I’ve determined 5 obstacles that the average person will face on his or her path to financial freedom. Over the next few weeks, I’ll write a post on each one.
The first obstacle you’ll face is fear.
Here’s five ways you can overcome fear in your life as you move down the path of wealth. read more
Your Financial Freedom Goals Begin with a Thankful Mindset!
In America, they celebrated Thanksgiving. And while many may think it’s just about eating a big meal, it’s really a time to think about the things you are thankful for and enjoy being with family and friends. But with recovery from Superstorm Sandy going on, the current state of the economy and high unemployment rates, it may have been difficult for you to enjoy this holiday. It can be easy to have a bitter attitude… but don’t fall into this trap! read more
Support is a Major Key to Success
Getting the right support and advice to help you on your journey to financial freedom is essential. In addition to finding the right advisors, you also need to put together a support structure in order to be successful.
As the famous quote by John Donne goes, “No man is an island, entire of itself.” And as I say in It’s Rising Time!, “for you to get from where you are financially right now to achieving your financial dream, you cannot do it all by yourself. It is impossible!”
Unlike your group of good advisors, your personal support group is your reliable, go to places to get moral, mental and emotional encouragement. This is a group made up of people you trust and can turn to, especially when times get tough. They listen, are aligned with you to accomplish your goals, and most important, give you honest feedback – even when you don’t want to hear it!
Face it. We can make a lot of excuses, especially when it comes to money. But imagine making these excuses out loud to a group of close friends whom you trust and admire. They want you to succeed and will provide the encouragement you need to turn your negative thinking around. Without this ongoing, support group in place, you will probably quit.
According to the Mayo Clinic, some of the benefits of support groups include, “Feeling less lonely, isolated or judged, gaining a sense of empowerment and control, improving your coping skills and sense of adjustment, and reducing distress, depression or anxiety.” Who couldn’t use this kind of positive influence in their life? So with this in mind… read more
When I was a young boy, I had the advantage of two perspectives on money because I had two dads—a poor one and a rich one.
My poor dad was a government employee. As the superintendent of the Hawaii school district, he made a decent salary, had health benefits and enjoyed a pension. Though he had a good job, he didn’t understand money. So, he struggled financially all his life. read more
There are two types of investors.
- Packaged investor: The most common investor buys packaged investments. He calls a retail outlet, such as a real-estate company, a stockbroker or a financial planner, and buys something. It could be a mutual fund, a REIT, a stock, or a bond. Packaged investing is a clean and simple way of investing. An analogy would be a shopper who goes to a computer store and buys a computer right off the shelf.
- Creative investor: This investor-type creates investments. She usually assembles a deal in the same way a person who buys components for building a computer. Like building a computer from scratch, this type of investing takes time, talent, patience, and knowledge.
If you want to be rich, be a creative investor.
The creative investor is a professional investor. Sometimes it may take years for all the pieces of a deal to come together. And sometimes they never do. It’s important to learn how to put the pieces of a creative investment together. Sometimes, the tide goes against you and you see huge losses. But when the pieces come together, it’s a huge payoff.
Rich dad encourages you to be a creative investor! read more
Easy Peasy! 1×6 = 6, 2×6 = 12, 3×6 = 18, 4×6 = 24, 5×6 = 30, 6×6 = 36, etc. No big deal…
But why is this important, why do I ask this on first sight trivial question?
Are you struggling to keep a positive cash flow or you want to increase your Net Worth (increasing assets vs. liabilities)? Or, are you thinking how to overcome the financial crisis or are you dreaming of more personal & financial freedom? If so, maybe this simple table of 6 can make the difference! read more
Are you doing what you believe you are meant to be doing? Or are you working simply for the paycheck?
Are you doing things and making choices to make a few people in your life happy?
Are you hiding behind busyness e-mails, paperwork, work that keeps you busy but does not move you toward your true life’s work and dreams? read more
In light of the recent presidential elections in the US (agree or not agree with the outcome), I was inspired to write this article based on the principles of the “American Dream”!
What is the American Dream?
It is not a simple business plan which you can find in books and it’s not a software program which you install on your computer. No, it’s the national ethos of the United States, a set of ideals in which freedom includes the opportunity for prosperity and success. In plain and simple words; believe in yourself, have dreams and make the impossible possible!
A typical American Dream is the story of Mark Zuckerberg, the founder of Facebook. Started as a simple IT student he and some friends had the idea to create a social website… The rest is history!
The key of this article is then also: “Believe in yourself and anything is possible!” read more