Robert Kiyosaki's company is called the Rich Dad Company.

Rich Dad Company's Chief Communication Offier is Phillip Lechter and he was interviewed on his learning and experiences joining Rich Dad Company.

The 1st part of a series of video clips for the interview can be found here.

The importance of financial literacy has heightened over the years. Robert Kiyosaki speaks extensively about it and April is the month of Financial Literacy in the US.

So what else is being done to drive the message even further?

How about making a law to make it compulsory to teach financial knowledge in school?
Well, this is what is happening as reported here.

Robert Kiyosaki defines that there are 3 kind of people:
1. non-investor
2. passive investor
3. active investor

Of the 3, the non-investor and passive investor faces the most risk because they have no control over the investments they are in.

Find out what are the factors which you should control in your investment to be classified as an active investor.

Robert Kiyosaki is a millionaire. He is financially free and has load of money.

But have you wonder what has all these money bought Robert Kiyosaki?

Well, according to him in this article, money has brought him a good lifestyle. A lifestyle which he enjoyed. And it is not a lifestyle of the lazy.

What about you? What kind of lifestyle do you want if you have the financial means?

Do you have a success strategy? What is your success strategy?

In Robert Kiyosaki's context, one of his success strategy is fearlessness.

He is different from the average man in the street who is fearful of losing money. They fear losing money that they do not take any action when facing with investment decisions.

Robert Kiyosaki relates in this article why he does not fear losing money.

I didn't know that they have a Financial Literacy Month in the US.

Seems like financial literacy is a very important subject in the US right now, such that they have declare the month of April as the National Financial Literacy Month in the US.

So who can you as parents do in the month of April to teach your kid about finance?
Read this article.

Interested to start your own business?
Instead of starting everything from scratch, why don't be a franchisee? It will help to jumpstart your business.

But when presented with a franchise opportunity, do you know how to evaluate why the franchise is a financially viable? Read this article to find out more.

This is a great interactive animation of Robert Kiyosaki's cashflow game!
You gotta have a look at this.

Robert Kiyosaki wrote an article titled "Investing - why values matters more than price" in Yahoo Finance column some time back.

In this article, he pointed out some differing investing behaviours between an amatuer and a true investor. I have to admint I am an amatuer and committed inappropriate investing habits as pointed out in the article.

Do you invest and let money work hard for you?
Do you have a plan on how you would invest your money in?
Do you have a strategy on how to invest?

Find out here what are the few long term investing strategies which might be helpful in your investment.

I sometimes invest into stocks based on recommendations from co-workers and friends. As I didn't really do a proper research into the stocks itself, I often find myself reacting to changes in prices of the stock based on my emotions against the change. Often, I regretted making a decision based my emotions.

For example, sometimes I would hold on to the stock even though the price has dropped and the prospect of the company isn't vry good. Instead of relying on the fundamental analysis, I was driven more by my emotions.

Are you like me too? If yes, then you should read this article, that talks about emotional investing and how to control it.

Robert Kiyoskai stated that financial literacy is the key to finanical success.

To become financially literate does not have to mean that you have to know A-Z about financial and money stuffs.

You can start small by learning about the 12 principles of personal financial literacy.

Do you know that Robert Kiyosaki has his own TV show?

This video clip is the recording of the viewing of the premier of the Robert Kiyosaki TV show in Kiyosaki's house.

Smart business owner are always looking for sound financial advices, which can help in their financial success.

With some financial experts out there, how do you find one financial advisor that can provide you with adequate, necessary and timely financial advices that will help in your business and quest toward financial success?

Here are 9 areas to consider when choosing the right financial advisor for you and your business.

When Robert Kiyosaki mentioned about the rich know how to leverage other people's money to build their own wealth, the first example that came to my mind is taking a loan from the bank to buy assets.

However, if you are building a business, besides taking a loan from the bank, you can also try to raise fund through angel investors or venture capitalists.

Find out in this article what is the difference between these two, and how they can help to fund your business.

Do you know that when Robert Kiyosaki want to grow his business, he tried out the traditional method of growing his company by hiring more staff, but it didn't work well?

He eventually change his way of growing his business from the traditional method to the new business model of franchising.

Find out why he chooses franchising as the way to grow his business and what is the advantage of this business model for him.

You are an employee earning a comfortable monthly pay.Your monthly salary is just adequate for your current lifestyle and you are just getting along fine.

So should you follow what Robert Kiyosaki suggested that to achieve financial freedom, you need to move to the B and I quadrant? Should you start your own business instead of being a salaried worker? Maybe no?

See this interesting video and find out why the reason to consider starting your own business.

Dying to start off your own small business, so that you can move from the E Quadrant to the B quadrant of the Cashflow Quadrant?

Try out this simple lemonade game to guage if you are up to the mark or not.

I know I must educate myself on the financial matters so that I can have the adequate financial knowledge to make judgements on my journey to my financial success. I know that I need to have a goal and then chart a plan to achieve the goal. But I am not sure if when will I be able to achieve my financial success if I earn and invest. Will I live to enjoy my success? And how can I speed things up?

Well, seems like one important concept that I found at this site, that can be of help to me is learning how to use leverage to build up my wealth. Leverage on other people's time, leverage on other people's knowledge and other people's money! Robert Kiyosaki mentioned that in his book "Rich Dad, Poor Dad" - OPT and OPM.

Guess I have to start opening my eyes and mind on how to start leveraging on other people's resources!

You want to be an investor, the I quadrant of the Cashflow Quadrant, to let money work hard for you, in order to reach your financial goal faster.

However, take note of these 9 common mistakes most people have about investing.

A video recording of the Cashflow game day at the Rich Dad company.

Instead of playing stocks for just capital gain, go for dividend paying stocks as well.
With the dividends payout from the stocks, the sum of money which you invested also get reduced and yet you are potentially playing for the same capital gain.

In fact, dividend paying stocks can outperform non-dividend paying stocks.

Here's 5 other reasons why you should have dividend paying stocks in your portfolio.

Most people play stocks by going for capital gain, either by buying low and selling at a higher price to get a profit, or "short" the stock if they think the price is going down.

However, there is another strategy that not only invest for capital gain but also for dividends from the stocks. And don't under-estimate the difference the dividend factor made for the investment.

Find out how you should invest into stocks which has good dividend payout.

We know by now from Robert Kiyosaki that to be financially free, we have to build up our passive income to a point where it is greater than our monthly expenses and liability.

There are many forms of passive income generating imvestment, but one of the most common one is to invest into stocks. Majority of us invest into stocks to get captial gain by buying and selling at a profit. In recent times, people begin to not only invest into good stocks which will rise in price, they also begin to look for those stocks that can give good dividends as well. The reasoning is that with good dividends being payout, the risk of your investment is reduced.

To invest into dividends stocks, read these 6 secrets of dividends investing.

You might have played Cashflow 101 game and are getting pretty good at it.
Now, how about moving to the next challenging stage. Play the Cashflow 202 game.

Robert Kiyosaki in the video explained about the difficulty of Cashflow 202 game as compared to Cashflow 101 game.

Robert Kiyosaki stated that finanical literacy is the key to financial freedom. However, for woman, the level of financial knowledge seems to be lower than that of men.

Why so? Maybe it's because woman tends to rely on husbands to handle the financials and investments. But woman needs to understand that it is their own personal responsiblity to take charge of their own financial goals as well.

Read more at this article.

Robert Kiyosaki said to be financially successful, you need to be an investor and let money work hard for you. But what kind of an investor are you? Do you go for high returns which carry high risk or you rather go with low risk with lower return, thus taking longer to reach your goal?

How you invest is dependent on what is your risk tolerance level.

Read how you should evaluate your risk level while investing here.

Robert Kiyosaki and Donald Trump co-authored the book "Why We Want You To Be Rich".

Both of them appeared on the CBS News to discuss why they get together to write this book and what is the message in the book which they are trying to convey.

View the CBS News video to see what they said.

Robert Kiyosaki warned about having too much bad debt, such as credit card debt.
If you incurred credit card debt, would you take extreme measures to clear off the debt?

Read how one 26 year-old student lives in a truck for 19 months to clear off his $10,000 credit card debt!

I have always been told that mutual funds are low risk investments and are better long term investments as they are lower in risk as compared to stock markets.

Robert Kiyosaki however, thinks otherwise. Robert Kiyosaki claimed that mutual funds are lousy long term investments and he would prefer index funds over mutual finds.

Here his explanation on why he is staying away from mutual funds.

Robert Kiyosaki made a bold claim that the current financial state in the society is brought about by politicians. He even suggested that the education system did not teach financial knowledge because they did not want the general population to find out the empty promises which the politicans made previously!

Watch this video clip where Robert Kiyosaki explained in details!

As the saying goes "Like father, like son". Your habits sometimes has influence on the habits of your children. Same goes for financial habits.

If you are like Robert Kiyosaki's Rich Dad, you will be able to pass on good financial habits to your children. Likewise, if you have bad financial habits, your children might get influence and learn the bad financial habits from you.

This blog post highlighted this point and supported the claim with a report from England on the bad credit habits of its younger generation.

Robert Kiyosaki and Donald Trump co-authored a book called "Why We Want You to be Rich".
It has hit the bookstore and has been selling very well. I believe that it was on the #1 Bestseller list as well.

I have not read the book, but USA Today has an article which review about the book.

Do you need to have a great sum of money to invest? Some think so. They think that investment means having at least 50 thousands to invest.

Here's an story of how a 8 years old crafted out a simple and winning portfolio with his gift money.

If he can do it, so can you. Get started now.

Do you find learning the financial knowledge boring and uninteresting?
Do you find reading books like Robert Kiyosaki's Rich Dad, Poor Dad boring as well?

How about learning the financial and investing in a more interesting way?

Here's an interesting way where you can learn about money and investing. Both suitable for kids and adults.

The motivation behind Robert Kiyoskai to write his series of "Rich Dad"'s book is the concern he had about the lack of financial knowledge among the general population in the US.

However, the finance literacy problem is only pervalent in the US. In fact, it is a problem worldwide. An Australian news portal reported that Australian's financial plan is to win the lottery and putting money in a money jar under the bed!

Read what most Australian would also do with the money they have for investing.

You are an enmployee. You are holding a job but you often dream of starting up your own business. You are likely to question yourself: "Do I have enough experience"?

Read here whether you really need to have enough experience to venture out on your own or not.

Robert Kiyosaki and Donald Trump recently co-authored a new book called "Why We Want You To Be Rich".

Here's a video of an interview of Robert Kiyosaki and Donald Trump where they talked about why they came together to write this new book.

Some people are wealthy because they inherited a fortune.

However, do you know that Alfred Nobel, the great scientist who established the Nobel Prize, was against leaving a great sum of money for the next generation? It is precisely for this reason that he establish the Nobel Prize instead.

His argument is that if the next generation inherited a fortune, they will get lazy!
However, the author of this post highlighted that the root cause of this problem.

When you talked about someone being poor, you will imagine that they live in a small apartment with very little furnitures and items.

However, study has shown that those who are living at the edge of the poverty line possess quite a number of stuffs like air-conditioning, colour TV, iPods etc. They did not give others the impression that are poor.

They have materials stuffs but in term of financial terms, they are poor. Read more of this new definition of poor here.

An interesting article called "If You are broke, blame it on your ancestors!".
It talks about how some families can be wealthy and some families can be broke for generation.
The reason is because the rich acquired the knowledge of building wealth and they passed the knowledge from one generation to another generation.

Robert Kiyosaki mentioned that there are 3 different assets class.
1. Business
2. Real Estate
3. Paper assets

So which one is better than the other.

Robert Kiyosaki give his explanation on the pros and cons of these 3 asset class in this Cashflow 101 video.

Part 2 of the articles that talks about the 10 tactics that you can use to make your selling process easier and more effective.

Next time when you have the chance to do some selling, why don't try them out and see if they make a difference to your selling.

Robert Kiyosaki was advised by his Rich Dad to take a job that does selling when he left the Marines Corps. His Rich Dad understood the importance of selling skills and see that Robert Kiyosaki needs that skill to become successful.

Robert Kiyosaki took his Rich Dad's advice and took up a salesman job at Xerox company. He wasn't very good at selling at the start and was the worst salesman in the company for the first 2 years. Gradually, he learnt the skill and improved on his salesmanship.

Like Robert Kiyosaki, most of us or at least it is true for me, find that selling is not an easy task. However, there are some rules and tactics which can the selling process easier.

Here are 10 tatcics which can make the selling process more effective.

In Robert Kiyosaki's eye, one of the strength of a true investor is the ability to see things differently from the others. Taking the example of bad news affecting the market, most investors will be running away from the market (selling etc), but the true investor will instead be looking forward for such situation.

In times of bad news affecting the market, the reaction is mostly emotional and the true investor will be buying at a lower price and then wait for the market to rebound back and sell off for a tidy sum of profit.

Read how Robert Kiyosaki explains this in details here.

Robert Kiyosaki in his "Rich Dad, Poor Dad" book taught us that to be rich, we have to be an investor, by investing into opportunities that can generate passive income.

The most commonly known form of investment is cash investment, and they are various cash investment vehicles available in the market. This article summarizes the various cash investment vehicles and their risk level.

Robert Kiyosaki explained in this cashflow 101 video clip the 3 different assets class:

• Business
• Real Esatate
• Paper Assets

Which one do you favour?

Robert Kiyosaki's "Rich Dad, Poor Dad" taught us that one of the key to attain and building your financial success is knowing what the rich has known all along. Knowing the power of leverage. Knowing how to use other people's time and other people's money to attain their financial goal.

Read how the rich learnt to leverage on other people's time and other people's money.

Robert Kiyosaki said that financial literacy is the key to achieving your financial success. The lack of it not only make it difficult for you to achieve your goal, it can sometimes cost you too.

An Afrcian newspaper reported that crooked debt collectors and attroneys are preying on those financially illiterate.

Robert Kiyosaki mentioned that doodads are things that make people broke. People do not understand what is a doodad and classify it as an asset while in actual fact, it is a liability.

View this video where Robert Kiyosaki talked about the Doodads space in the Cashflow game.

Most financial advisors found that the real financial problem people have is their money habits. These people fail to see the real problem and think that not having enough income is the issue.

Read what Lanre Oyetade have to say about money habits here.

If you have just met a new person, how could you guess which Robert Kiyosaki's Cashflow Quadrant that person belongs to, without specifically asking about it.

Here's how you can tell by listening to the kind of words the person use.

If you have not played Robert Kiyosaki's Cashflow 101 board game before, this is the list of the various boxes in the Rat Race track:
- Paycheck
- Downsized
- Baby
- Doodads
- Opportunity
- The Market
- Charity

Find out what does each of these boxes mean and do in the Rat Race track.

How do you define being rich?
Is it owning a lot of money, a big house or a big car?

Or is it like someone who said that being rich is getting out of bed when you finished sleeping.

In fact, this statement is quite close to what Robert Kiyosaki's definition.

Find out why it is similar here.

The objective of the Cashflow 101 board game is to get out of the Rat Race track and go into the Fast Track, so as to win the game.

Robert Kiyosaki explained how you should get out of the Rat Race and go into the Fast Track in this short video clip.

Robert Kiyosaki defined financial freedom as the point where your passive income exceeds your expenses. When that happen, you can still live your lifestyle without having to work.

To have passive income, one of the way is to make your money work hard for you.

When investing for passive income, there are 5 points which you should take note of.
1. The initial money outlay
2. Net rate of return
3. Risk involved
4. Accessibility of return
5. How passive is your investment

Read more on these 5 point here.

In this article, Robert Kiyosaki defined Wealth as the number of days a person can survive forward without working.

It is different from what we usually associate wealth with, ie, the amount of money one has.

It is essential that we understand that the amount of money one has is simply not the whole picture and Robert Kiyosaki's concept of wealth will lead us to better build up and sustain our wealth and financial goal.

Robert Kiyosaki created the Cashflow 101 game as a fun and interactive tool for the general population to learn about financial theories and fundamentals.

Can this game really help you to create wealth or is it just a game for leisure?

Read about this here.

Financial knowledge is the key of getting out of the rat race as mentioned by Robert Kiyosaki.

Why are there so many people who struggle in the rat race due to the lack the financial knowledge? Financial knowledge is not too complex for all to understand. Remember that "Rich Dad" who exposed Robert Kiyosaki to financial matters, had only little education.

Therefore, all people can acquire financial knowledge. "Wisdom of Rich Dad" blog suggested that we are struggling in the rat race because we made the choice to be poor! We choose not to acquire the knowledge!

The Cashflow 101 game has 2 tracks in it. The Rat Race and the Fast Track.

The Rat Race is where we begin our game and the objective is to get onto the Fast Track as soon as possible.

Robert Kiyosaki explained about these 2 tracks in this Cashflow 101 game video.

Robert Kiyosaki has been stressing the importance of financial literacy.

This post looks at the financial literacy in women and interesting divide the women into 5 different personalities based on their attitudes towards money and investing.

The 5 types are

• Cinderalla
• Alice in Wonderland
• Wonder Woman
• Belle
• Goodilock

Read more here about what is the differences between them and what percentage of women consider themselves to be of this 5 types.

What does graduation signifies?
An end to the academic world and a beginning to the working world? Time to crave out a career for yourself?

Robert Kiyosaki described graduation as the start of the Rat Race!!!!!

Can credit union really teach high school students money lesson?
Or should the parents be the better choice to teach financial knowledge to their children?

Read the debates here.

More video on Robert Kiyosaki explaining about the Cashflow 101 game.

In this video, Robert Kiyosaki explained the Rat Race in the game.

Has Robert Kiyoski's message about the importance of financial literacy from his books like "Rich Dad, Poor Dad" got any impact of the rising awareness of the need to improve financial knowledge?

Whether it has or not, now not only schools, but also credit union, has come out to support educating the young on the financial matters.

Here's what Member 1st Credit Union is doing.

Real estate investment is one of the favourite of Robert Kiyosaki.

But some people do not dare to go into real estate investment because they heard of the myths of real estate investing.

Here are 3 myths of real estate investing.

Award Winning Company Launching Simple, Proven, Fully Automated Business System

PRWeb

February 09, 2007

Through our years of industry experience, we know that there are many people who have the motivation to build a global business. However, their journey to success is hindered by uncertainty and lack of business experience or technical knowledge.

SkyQuestCom, a world leading provider of E-learning systems has launched their newest and most exciting product.

The PreEnroller is a simple, proven and fully automated business system that allows both ordinary people and aspiring entrepreneurs to see the potential of SkyQuestCom's global E-learning opportunity before investing in it.

http://www.preenroller.com/elearnlib

Since its establishment in 2002, SkyQuestCom has helped ordinary people invest in their lives by providing them the best E-Learning resources. The award winning company offers 200 online video seminars of the world's best speakers, featuring Robert Kiyosaki, the best-selling author of 'Rich Dad, Poor Dad' and Brian Tracy, the world's leading authority in business, and many more. With the increased market demand for personal development programmes, SkyQuestCom's business opportunity has created more than 187,000 successful new entrepreneurs worldwide, and the numbers are still growing everyday.

The PreEnroller was designed to help people who have no business experience to make money in a simple way. They can use the different languages provided in the system to immediately overcome the language barriers often inherent in doing a business - it removes the need for them to learn a completely new language. For example, a person who only understands Japanese can still do business effectively with a person who only understands Chinese, and vice versa. The system's user-friendly interface is also a breeze to use. All the user needs to do is to simply send pre-formatted business emails to his/her contacts, that way, the complexities of crafting well-written emails are never involved.

In a nutshell, the PreEnroller is a user-friendly system that guides people by the hand, in simple to follow steps, towards building their successfully proven global business from SkyQuestCom. The best part is, through the PreEnroller's fully automated technology, business can run continuously 24 hours a day, 7 days a week -- good news for people who are busy working in the day and want to earn extra income at the sidelines. In addition, they will also be able to simulate the potential of a business before deciding if it is their 'cup of tea.'

SkyQuestCom's Managing Director Ms Tan Yang Po explains, 'Through our years of industry experience, we know that there are many people who have the motivation to build a global business. However, their journey to success is hindered by uncertainty and lack of business experience or technical knowledge.'

Ms Tan adds, 'SkyQuestCom's E-learning business, combined with the power of the PreEnroller, gives them the opportunity to build a global business as hassle free as possible. And it's also the best way to learn and earn at the same time.'

In other words, all the trouble and hard work that had been necessary in order to succeed in doing a global business have been eliminated.

No sweat!

For more information about SkyQuestCom and the PreEnroller, visit http://www.preenroller.com/elearnlib


About SkyQuestCom:

http://www.skyquestcom.com/elearnlib


SkyQuestCom is an award winning global E-learning company that offers an unlimited use of 200 online video seminars of the world's best speakers. Subscribers can learn the right kind of knowledge to raise the level of success in every area of their lives. SkyQuestCom also has a sister company called Success Resources. Success Resources is the largest seminar organiser in Asia and has promoted seminars of world famous speakers for more than 14 years.

Valentines Day! Love is all around us.

Let's talk about love too.

How much do you know about Robert Kiyosaki's love life?
Do you know how long Robert Kiyosaki tried asking his wife, Kim Kiyosaki, out?

Read all about Robert Kiyosaki's love story here!

Robert Kiyosaki introduced his Cashflow 101 game in this video.

He also explained that there are 2 lessons to be learnt from the Cashflow 101 game:
1. the 4 different type of investors
2. understanding income statement and balance sheet.

More game tips and after thoughts from those who have played Robert Kiyosaki Cashflow 101 game.

They can be valuable in helping you getting the most out of the Cashflow 101 game.

Viveca Stone shares her tips based from her experiences from playing Robert Kiyosaki's Cashflow 101 game.

You have played Robert Kiyosaki Cashflow 101 game before but you don't see anything special about the game?

Perhaps you should read these 12 tips on how to get the most out of the Cashflow 101 game.

Cashflow 101 is the game that Robert Kiyosaki created to teach people financial knowledge. Since people tend to learn better in a fun and interactive environment, it is a good idea to use board game as the tool for teaching.

Have you played the game before? Do you have any good experience to share?

Do you know that when Robert Kiyosaki made his first real estate purchase, he made mistakes that a typical real estate property rookie investor would made?
Luckily, his Rich Dad saw that and give him advices on how to rectify the issues.

Find out what are the mistakes here so that you can avoid them.

Robert Kiyosaki in his book, "Rich Dad, Poor Dad" described "Pay Yourself First" idea as the habit of the riches.

It is a simple yet powerful concept, but not many people actually practise it.

Ryan McKenzie shares how he used this simple concept to build his wealth.

“How I made $122,000 and lost $132,000"

What an expensive lesson!

Had he read Robert Kiyosaki's book, "Rich Dad, Poor Dad", he would understand the difference between an asset and a liability, and avoid such mistake.

Mutual Fund to me is a low risk and long term investment tool.
Althought Robert Kiyosaki classify mutual fund as an income generating asset, it is surprising that he stayed away from mutual find.

Read why Robert Kiyosaki calls mutual fund as a risky investment.

What is disposal income?
How does the rich and the poor do with their disposal income?

Read all about disposal income here.

In the book "Rich Dad, Poor Dad", Robert Kiyosaki mentioned "Mind Your Own Business".

He is not telling us not to poke into our people affairs, (which you shouldn't), but he is telling a point that we have to focus on our own "business" - which is building up our money generating assets.

Read about the details behind "Mind Your Own Business".

Is cutting up the credit card the solution to the problem of credit card debt?

Robert Kiyosaki does not think so. He explained that the problem is the people, not the credit card. The people lack financial knowledge of how to make good use and leverage the money loan from the credit card company.

Cutting up the credit card will not solve the credit card debt problem.

Cash flow and Account Balance, which is more important?

Account Balance signify an asset, according to Robert Kiyosaki as it generate income as the form of interest paid by the bank.

Actual fact, both are important except that we should not only focus solely on the amount you have in your bank account when determining your wealth value. Do not forget to include the cash flow portion.

The way to get out of debt is through financial knowledge.
The way to stay out of debt is also through financial knowledge.

Read how you can fight debt with financial education.

If you buy a real estate property and hope that the value will go up eventually so that you can sell for a profit, that is called Capital Gain investing.
If you buy a real estate property and rent it out to collect monthly rent, that is cash flow investing.
So which is better?
Read how Robert Kiyosaki explained the pros and cons of each in this blog.

Robert Kiyosaki said that your inflow and outflow of money, otherwise known as income and expense, will determine what kind of cashflow pattern you have.
It is therefore important to know what is your monthly income and your monthly expenses, so that you can determine what is your financial situation.

Understand more about income and expense here.

What is the difference between an investor and a gambler?

With reference to Robert Kiyosaki Cashflow Quadrant, the I quadrant stands for Investor, where you let your money work for you, by investing them. When is an investor like a gambler?

An investor who invest without any sound analysis and purely rely on gut feel will be like a gambler. Investor and gambler is different by the way they approach the investment. One based on knowledge and the other based on feeling.

I used to think that I understand very clearly what is an asset and what is a liability. That is until I read Robert Kiyosaki's "Rich Dad, Poor Dad", especially on what is considered to be an asset.

This article describes what is asset and liability in Robert Kiyosaki's context.

Financial literacy should be cultivated from young. Robert Kiyosaki started learning from his Rich Dad at the age of 9, the various financial theories and concepts.

Here is how you can teach your children the value of money to start with.

Part IV of the article which explores the top 6 personal financial obstacles defined by Robert Kiyosaki in his book "Rich Dad, Poor Dad", that can hinder even the financial literate from achieving their goals.

This is the last installment and looks at Arrogance and Disappointment.

Robert Kiyosaki "Rich Dad, Poor Dad" has highlighted the importance of financial literacy and the low level of literacy in the US.

Nathan Dungan wrote in KCCI.com Money column, suggesting that US should have a Secretary of Personal Finance. He argued that there hasn't been much improvement in financial literacy and with the need to acknowledge and recognize the urgency of financial literacy, why not have a Cabinet-level position personal finance since they have them for energy, transportation, education and labor.

Part III of the article which explores the top 6 personal financial obstacles defined by Robert Kiyosaki in his book "Rich Dad, Poor Dad", that can hinder even the financial literate from achieving their goals. This installation looks at Laziness and Bad Habits.

This is the part II of the articles which explore the top 6 personal obstacles quoted by Robert Kiyosaki, that can block even the most financial literate from their financial goals.
Part II talks about the obstacle called Cynicism.

Robert Kiyosaki "Rich Dad, Poor Dad" book brought about the awareness of the need to be finanically literate, and the lack of finance knowledge in the general population.
Schools are beginning to do their part by teaching financial knowledge to the young.

Read how one school has done that.

Although financial literacy can help you to attain your financial success, there are certain personal obstacles that will block you from your goal even if you have the financial know-hows.
Robert Kiyosaki has listed 6 such personal obstacles and among them is the Fear of Losing Money, as described here.

Robert Kiyosaki came out with a diagram called Cashflow Quadrant to help people to understand where they are. Depending on how your income comes from, you will belong to one of these 4 quadrants.

For details on these 4 quadrants, refer here.

Not everyone has a rich dad like Robert Kiyosaki in "Rich Dad, Poor Dad", who can be a mentor to Robert Kiyosaki, educating him on the principle of money and wealth.
Logically, the next thing to look at is the schools, which unfortunately do not teach about finance literacy. However, this is slowly changing as described here.

One of the key to riches is to become financially literate.
Financial literacy includes knowing subjects such as accounting, investment, taxes, money management and building business.

How do you become financially literate?
You can do so by opening your eyes and your ears, and also your mind.

Read more here...

Very interesting idea. The use of Piggy Bank and the correct mind set could actually help you to get to your financial goal. I would have never think of that.

Here's how this could happen.

The rich and the poor both fear losing money. The difference is that the rich knows how to handle fear and will act in spite of fear. The poor will just play safe.

Read the full post here.

Personal finance is compared to martial arts?
That is the last thing I can think of. But I guess there is a similarity here. To get good at your personal financial skill, you need to learn and practice, which is the same for martial arts. Learn and practice.

If personal finance is like martial arts, which belt will you be wearing? I probably be wearing the white belt.

See how personal finance is classified under different martial arts belt here.

The unfortunate fact of the Rat Race which most of us are in.

In Today's Rat Race, the Most Overworked Win
:-(

"We are happy to extend to you a special credit line offer of up to x time of your monthly salary for a low low rate of y% per annun. With the money.... blah blah".
"No, thanks"!!!! I replied.

I have always rejected calls and offers from credit company to give me a credit line. Why would I need a credit line when I am living within my means?

Well, it seems like that I will need to give seriously thought about this again after reading this.

I read "Rich Dad, Poor Dad" a couple of years back, and understood a few principles such as Assest vs Liabilities. Apart from discouraging me in getting a car (which is not an absolute necessity for me), I don't think I can practice much of what I have learnt.

As this post put it, we can start small and improve on it. We just have to start somewhere.

Stephanie Yeh from Proseprity Abound wrote:

We were recently approached by a young woman who wanted to begin building her wealth at the tender age of 18. She knew that she didn't want to work at a regular job all her life, and wanted to start taking the right steps now to build her financial independence. As we talked with her, we came to the conclusion that her first step would be to educate herself about finances and the world of money.

It turns out that financial literacy is one of the most important steps for any of us to develop wealth. Many of us know that we would like to be wealthier, but we don't necessarily know how we're going to do that.

Are we going to invest in the stock market? Mutual funds? Sell on eBay? Go into network marketing?

Before we can decide how we're going to build our wealth, we need to first know something about the world of money. We need to know how to tell the difference between an asset and a liability, between revenue and profit, and between active and passive income. Once we know what these things are, then we can make some active decisions about how we want to create wealth and financial independence in our lives.

So how can you become financially literate?

One of the fastest ways to educate yourself about the world of money is to start reading books by Robert Kiyosaki. He wrote the simple-to-read and radically shocking book "Rich Dad Poor Dad." We say it's radically shocking because it shocks most people out of their old habits and thoughts about money.
It's a life changer. He's also written a number of other books about investing, network marketing and cash flow.

How can you educate yourself if you're cash poor at the moment? Go online to used bookstores and buy his used books. You may also be able to find his game, Cashflow 101, online for less money. This game gets you into the swing of thinking like a wealthy person, which helps you actually attract the wealth you desire!

Rich Dad taught Kiyosaki to "Pay Yourself First" in "Rich Dad, Poor Dad".
But how do you really put that into practice?

According to "Wisdom from the Rich Dad", you need:
1. Set aside some amount each month even before you start paying your bills and expenses.
2. Decide how you want to invest that amount of money you have set aside.
3. Then you pay your bills.
4. Live on what is left.
5. Avoid credit card debt.

Read the full article here.

"Kiyosaki admits he's a failure at Amway/Quixtar!"
Hawaii (APP) - The famous millionaire businessman and best selling author of "Rich Dad Poor Dad", Robert Kiyosaki admitted today after almost 7 years of being an Amway/Quixtar distributor that he is still not even a Platinum distributor. Kiyosaki had announced his joining Amway under Diamond Bill Galvin at a Yager function in 1998.....

News source: Hahoo! Fake News!
Click above to get the full story. ;-P

Welcome to Robert Kiyosaki Trivial Pursuit Game.
The only game where you don't get prize for the correct answer!
I'm your game host for tonight, and here's your questions.

Trivial Pursuit Questions:

• Which year did Robert Kiyosaki retired?
• What does the initial "T" in Robert T. Kiyosaki stand for?
• When was "Rich Dad, Poor Dad" first published?

Your time starts now!!!!

Hint hint... --> Check it out here!

Welcome to my humble blog. :-)