Personal Financing with Rich Dad Poor Dad

Who is Robert Kiyosaki?
Robert Kiyosaki is a motivational author in areas of personal finance, investing and business. A fourth generation Japanese American, born and raised in Hawaii. His biological dad was the head of education for the state of Hawaii. He studied in America, joined the Marine Corps, and rose to the position of an officer and also a helicopter pilot. After his tour in the Vietnam War, he joins the Xerox Corporation as a salesman to learn the art of selling. In 1977 he started his first company which was importing nylon and Velcro wallets that became associated with surfers. In the mid eighties he set up an educational company where people could learn his financial philosophies.
He published his No 1 New York Times Best Seller, Rich Dad Poor Dad in 1997. The characters in the book are off fictional people, loosely based on the people in his life. His poor dad is like most people who work hard for money, taking courses to improve their skills which they think will improve their salary and job security. Like most people that are in the rat race, poor dad is stuck paying bills and feeding his family, just getting by monthly. Eventually poor dad falls out of grace with the government and leave, retiring poor and unhappy.
Rich dad is more of a risk taker. Starting slow using his money to invest in real estate and businesses building up his assets leading to abundance of financial wealth.
He later went to write Rich Dad's Cashflow Quadrant, Rich Dad's Guide to Investing and Rich Kid Smart Kid. All the books have been on the best sellers list worldwide.
Robert later develops a board game to teach individuals about personal financing. The game is called Cashflow 101. As with reading all Robert Kiyosaki's Books, play it with an open mind so as you can learn from this game. This game is also entertaining.
Robert Kiyosaki briefly retired at the age of 47.He is still involved in his Rich Dad Educational Company. His goals are to give people information that will help them make their money work hard for them.

Personal Financing with Rich Dad Poor Dad

Well, I've just finished reading Rich Dad Poor Dad by Robert Kiyosaki for the 6th time (I like reading good books over again). This is a wonderful book that gives you simple insights on ways of handling your personal finances. It has helped me a lot. I'm not a millionaire yet but luckily someone gave me this book before the current economic downturn. I'm able to weather through.
The insight into the difference between your assets and liabilities is really good and simple to understand, which I found it to be true with purchase of gold jewelry (I have always thought that buying gold was a good investment as gold prices increase but found out otherwise).
It also got me thinking of the purchase of a house too.
You will also find out that specializing in your job is not as good you think, as it makes you more dependent on your job. This I have also found to be true with my job. I've always thought that by specializing in only things related to my work, will give me job security but as what Robert Kiyosaki states that it is not always the case. It's true, believe me.
Read the book and judge it for yourself. Just remember that this is not a GET RICH QUICK book but it gives you ideas that will open your mind to different ways of becoming financially successful. It might not make me a millionaire but I'm sure it will make me financially free and out of the rat race.




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101 Motivational Quotes Free E- Book

As quoted by Zig Ziglar "People often say that motivation doesn't last. Well, neither does bathing that's why we recommend it daily". Thisabad news in todays media we need some form of daily motivational reminders. Here is an e book for you to download and read it daily. I haveit on my smartphone as I have downloaded the Free Ebook. net app which I open daily one page at a time. 101 Motivational Quotes

"Who Moved My Cheese?" What It Means to Me.

by Stephanie Zahl

Who Moved My Cheese?: An Amazing Way to Deal with Change in Your Work and in Your Life

In my lastfew blogs I have been talking abouttime management and it's importance in freeing up your time and energy for what is really important to you. Now I'd like to address what comes next in my brain anyways. I live inWest Michiganin an area that is not doing well. We have a largenumber ofpatients who are involved in the housing industry. There was only one house built in our township last year.Things have been going down hill around here for the last 10 years, but these guys (most of whom I think are extremely bright)wouldn't see what was happening to their industry. All this made me decide to finallyread the book "Who Moved My Cheese" by Dr. Spencer Johnson. I've seen this book on the shelves of my favorite book store for years, but I've never paid it close attention. I had important books to read like Napolean Hill's "The Law of Success" or books on how to be more organized andbe more effective. So finally after all these years I pickedup this little gem
The book talks about the lives of four characters who live in a maze, 2 mice and 2 little people. Thepeople as you can imagine over complicate things while the mice liveprepared to move on with what's next. I was surprised to find myself relating more with the mice. I've spent the last few yearsexamining every aspect of who I am trying to learn ways tobe better.I've started a blog and a new business, as well as home schooling ourkids, and handling my husbands office. My husband has been the Hem character for the longest timedisliking the changes in me, and in the business that we built our dreams around. Thoughrecently I've been seeing some Haw poke through.He hasbegun his own blog writing all the things he wants to tell his patients, but just doesn't have time.I see some one who has left his comfort zone and is trying something newI really enjoyed thevisualization process that Haw went through when he was trying todecide what to do. We have read similar ideas in other self help books,this book really alllows you to see the pictures in your head
This book does emphasis the one step so many of us miss action, he went from visualizing what he wanted to pursuing it. He realized he was never going to get more cheese just sitting where he was. He wasn't going to get any more cheese just sitting there. The initial step is always the scariest but once you get moving it's easier to keep going. This story is both ageless and timely.Our world is changing at a rate that is unheard of and once out cheese is gone it is not coming back. We all need totake a good look at ourlives and make plans on how to find our next cheese.
We are going to read this book as a family as well as reviewing it from time to time to help keep the ideas fresh in my mind. I recommend this book for everyone mothers, fathers, teens, employees, business owners. We allneed to prepare for the changes that are happening so quickly around us. Now is the time to start preparing the way for change for those of us who still have time. If your cheese is already gone now is the time to change. Read the book and then if your ready to start looking for a new cheese watch this https://apps.facebook.com/governmentapproved/?u=doczahl1" target=new>video

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Inspirational Words: 3 Life Lessons We Can Learn From Cars

By Deanna Mascle

I have a 6-year-old boy so the movie "Cars" has been a big hit in our house. He saw the movie in the theater and we have all watched it several times since it came out on DVD. I have come full circle in my appreciation of the movie. The first time I wanted to see it because he had enjoyed it so much. Then repeated viewings got on my nerves. However now I have come to appreciate the important life lessons my son -- and I -- can learn from this family-friendly movie. Even if you do not have a child who wants to see the movie, I suggest you check it soon to see what you can take away from the experience.

The single most important lesson that we can take away from "Cars" is the importance of teamwork. The main character learns an important lesson that is easily understood by children that no one can succeed alone. Lightning McQueen learns that not only do we need friends in our times of need but that we gain from helping others as well. By the end of the movie, he fully appreciates the value of friendship in living a happier and more fulfilled life. We can all benefit from learning how to be a good friend.

When the movie opens, Lightning McQueen is a winner and he considers winning the most important (if not the only important) focus of his life. Obviously, this holds true for much of what our society and culture teaches children (directly and indirectly) when we know as mature adults that winning is not everything. Lightning learns that there are many things more wonderful in life than winning. By the end of the movie, while he still wants to be a winner he is a much happier person because he has other ways to measure himself a success.

Finally, "Cars" teaches us that doing the right thing can be rewarding. This encompasses lessons that Lightning learning including completing a job well done and helping others. In the end, his decisions to do the right thing rather than focusing on winning at all costs turns out to be far more rewarding.

While I am the first to admit that most of us need to mitigate the impact of media and popular culture on our children, I think it is important to celebrate the movies and television shows that have a positive effect. The movie "Cars" is a positive influence on children because it teaches three important life lessons including working together, winning is not everything, and being a good person can be rewarding.

About the Author: Deanna Mascle shares more Words Of Inspiration and Inspirational Words at http://wordsofinspirationonline.info

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Inspirational Stories For Everyone

by Amy Twain

Inspirational stories have always been one way of spreading values around since it allows us to learn and be aware of various values while at the same time having fun and enjoying listening and reading. Stories had played a great part in our lives because we learn from them especially if they are inspirational stories.

For example, during our childhood years, we are told that witches are evil and thus we learned to keep away from them. These days, the witches symbolizes the strangers and so, allowing the parents to teach and remind their kids to turn down any gift from them so that they can protect their kids.

Then, as we moved forward the lane of life, we eventually create our own stories. They may be inspirational stories, sad, happy, depressing, uplifting, motivating, and many others. And it is from these stories that we obtain or acquire our varied experiences hence, growing and evolving into the individuals we are today or the person in the future.

But then again, we are seldom to relate our experiences to other people, in sharing our own tales to inspire other individuals. Are we simply too happy in keeping our success to ourselves or are we even too timid or reluctant in letting other persons know regarding our moments of depression? Yet as we grow older, we rarely read stories anymore and there are less and less persons telling us new and diverse ones.

And this may be due to the lack of time since most of us are working very hard to feed ourselves and our families. Whilst we are simply too busy pursuing our own respective careers, there are times when we may lose focus in fulfilling our own spiritual needs. Perhaps that is the reason why we felt something might be missing in our lives although we already have all the money we can possess.

Often, it may just slipped in our thoughts how much we can create an impact on the persons around us or the other way around. We might need to spare some time and try talking or conversing with other people or even read certain biographies. We never know that we may be inspired or motivated by others� life stories, experiences, struggles and triumphs.

Then perhaps we will be able to change or modify our approach to life or solve our problems. Because each and every one of us has their own different and unique experiences and this made us filled with our own tales and stories to tell and relate. There is a site (www.storys4u.com) jam-packed with several short pieces giving you a chance to take a break in your hectic and stressful schedules just to relax and find time to read.

The pieces written there are in the hope to motivate and inspire the readers, not to mention to bring back the values we learn in our life so that you may also be able to inspire other people. So go ahead and enjoy the tales and stories at that site.

About the Author The author of this article, Amy Twain, is a Self Improvement Coach who has been successfully coaching and guiding clients for many years. Amy recently published a new home study course on how to boost your Self Esteem. Click here to get more info about her Quick-Action Plan for A More Confident You

The Wealthy Barber

Everyone's Commonsense Guide to Becoming Financially Independent I found out about this book in the many forums I subscribe to. Everyone seems to have good reviews about this book. It's similar to The Richest Man in Babylon. Its financial planning book comes in a story form and also is not a get rich quick book.

The Wealthy Barber: The Common Sense Guide to Successful Financial Planning

Chapter 1. The Financial Illiterate The story starts with the writer telling about his life and wife who is five months pregnant. He and his wife are from the same town. They often go back there to visit their parents. This time he goes back to visit his father to ask how he can be financial literate. So the story begins on his journey to be financial free. Chapter 2. A Surprising Referral One Friday night the author and his father discuss on the topic of financial literates. As a family they have never discussed about money. As the author wanted to buy a house and a baby was on the way, he felt that it was about time to be financial free. His dad told him that he too didn't know about personal financing until six years ago. He then tells how he found an unlikely financial guru. The town's barber. After his father explains how his barber taught him about personal financing, the author tells his sister about it. Both of them agree to visit their dad's barber to learn how to be financial free. Chapter 3. The Wealthy Barber As with their usual routine, the author and his friend Tom visit Roy their barber for haircuts. But this time its different, other than a haircut, they also came for some financial advice. He brought along his sister Cathy. Roy the Wealthy Barber agreed to teach and said he will teach them in different parts. So in seven months onwards they can be financial free. He tells them that it is really easy to be financial free. Chapter 4. The Ten Percent Solution Despite the storm Dave, Tom and Cathy visits Roy the Barber for their first lesson. Roy starts by telling them how he seeks the advice of Old Man White, one of the town's wealthiest men on ways to build financial wealth. Mr. White advised him to save ten percent of his salary to invest later. Even Robert Kiyosaki said this technique is useful. So as you have savings t invests when an investment opportunity comes along. Later throughout the conversation Roy teaches what to invest in, how to choose and what to avoid. Chapter 5. Wills, Life Insurance and Responsibility This month Roy discusses a subject of what some people feels it's boring and thinks it's not important. Setting up a will and buying insurance, preparing your loved ones when you are not around. He starts by teaching his three protégé how to chose a lawyer to draw up a will, to map out what should go in the will and why is it important to have a will. The wealthy barber then goes on to teach them about insurance, how to choose one that suit them. Chapter 6. Planning for Retirement This month The Wealthy Barber teaches his three protégé how to plan for retirement. What plan that suits them. As for me after reading Rich Dad Poor Dad and Cashflow Quadrant and doing some research. I found that my contributions to the Malaysian version of the 401K is not sufficient when I reach retirement age. This is due to the ever increasing inflation. So now I am looking in other venues for my money like mutual funds. Chapter 7. Home, Sweet Home As Dave was planning to purchase a house for him and his family, Roy the Wealthy Barber changes the lesson plan to the topic of purchasing or renting a house. Roy says both is not wrong, you need to see your requirement. Everyone needs shelter same as they need food and drinks. But if it cheaper to rent than why burden yourself with buying. Roy then teaches his protégé how to evaluate whether they should buy or rent their shelter. He then teaches Dave some tips on buying a house. The tips are to buy a house that suits your needs and wants and should also fill the requirement of a good investment. Chapter 8. Saving Savvy This month Roy teaches them about savings. Not the monthly 10% but saving for things like a new hi fi, holidays. People nowadays enjoys those things by maxing out their credit card by buying the things. I am guilty of that. I have living for years without a credit card and managed to enjoy myself. Then a credit card came in the mail and I was tempted to go on holidays every three months. My reasoning was that I worked very hard and needed a break. Eventually I maxed my card. Now I am slowly clearing my debts, lock my cards in a safe box and forcedly save a portion each month for my holidays. I also look around for great deals or discounts. I am living below my means. Chapter 9. Insights into Investment and Income Tax In this chapter Roy starts by explaining that the rule of thumb to investing is to "Buy Low, Sell High". But many people fail at investing because they don't have the discipline and courage to follow this rule. He then teaches them how to identify what to invest in. Roy then advises his protégé that it's best they clear the high interest debts first. Then he goes onto talk about income tax. He teaches his protégé to take a deductible loan to pay off a non deductible loan. Therefore this loan will reduce the contribution to income tax. The wealthy barber also suggests to get professional help when doing income tax. Chapter 10. Graduation This last chapter is the end to The Wealthy Barber's lessons. This chapter he talks in detail about emergency funds, saving for a rainy day. Most financial gurus give a set amount to save but what Roy says is what's the use of having large amount of savings and a high interest consumer debt. He suggest to keep little money for a rainy day and use the rest to pay up the debts. He also suggest to look for the best Savings Bond to save for the children's education. This book is a little technical, so I would suggest to read Richest Man in Babylon first. But the points highlighted is relevant to people who wants to be financial free.