Discussion

Robert: The questions I have are how can I get more advice on starting a cashflow club. I hear a lot about club leader training on your 7:30 meetings. Who do I talk to about that? Also, when will 101 and 202 be out for Iphone. I play monopoly all the time on my iphone. I would love to play your games too. I am interested in a franchise of your company. Where do I get that info?

I finally got it. Thank you Robert. Capital Gains is such an easy thing to get suckered into. It is the gambler in all of us. Yes, cash flow is harder work, but the only work worth it.

Hi Robert!

Thank you so much for taking the time to change my life. You have really opened my eyes.

My questions are these: What or where should a poverty level family look for cash flow opportunities to begin their climb to financial freedom? Is there any limit to the size of your first deal if you have no previous training but you have a deal that is a cash flow generator?

Thank you for your time. It is highly appreciated!

I have been a follower of yours for many years. I was first introduced to your book Rich Dad/Poor Dad in a network marketing company. After that I was hooked. I have never been a follower of the crowd and gambling to me doesn't make sense, but I know their is alot to learn about cashflowing. I really want to thank you for explaining it in simple terms. I have played your cashflow game several times, but get stuck with the bank loans on properties. I now might start with monopoly. I have learned so much from you and taken your advice on not making bad investments, now I need to go forward and start a monthly cashflow. I get it. My family and I can't thank you enough. Raising 5 kids, I don't want to raise them on the same old money advice. The world has changed sooooo fast. It is not only about being financially secure in the future, but also about helping other people who can't or don't know how to help themselves. We can't thank you enough. God Bless!

Hi Mr. Kiyosaki....

After reading "Conspiracy of the Rich" thus far online, I reflected upon the way I grew up and such. Because everyone on my mom's side of the family had a graduate degree, I felt the social need in my family to go to college and graduate school. While I will not discount my experiences of having done all this, I felt like I could have spent my time more wisely than I have. I feel as if I had been following the "Poor Dad"'s philosophy to life. The ideas you present about cash flow are excellent. Yes, I am guilty "as charged" for having believed in capital gains all these years (my undergraduate degree was in financial counseling and planning, and I had planned to become a Certified Financial Planner in the process).

Question for you - The current economy got the best of me, so I am just "trying to get by". What's the best single piece of advice you would give anyone who is getting back on his/her feet and wants to make things happen?

Thanks, Scott from Tennessee

Hi Robert,

Thanks for what you have been doing, it has impacted my life! I have a few questions for you;

#1, Can I come down to Scottdale and pick your brain for a couple of days? I'm coming down in July for a few days ;-)

#2, You and Kim have said that your goal was to purchase 20 properites in 10 years, but you were able to meet that goal in 18 months. Can you please explain how the market conditions then relate to the conditions of today. Also, how was the lending situation then compaired to today? It seems the banks are a bit gun shy in the lending departments right now.

#2.a Did you guys take the money that was generated from the properties and use all of that to accelerate gathering down payments. In other words were you using that money to live off of or did you use the pay yourself first principle to pay bills, save, tithe and invest? I understand expanding your means but was there some delayed satisfaction used?

#3. You have said that most of your savings are in ETF's (exchange traded funds). I understand what they are but I think I'm missing something about them. According to my research you can be hit with a high capital gain tax from gold and silver ETF's. Is this something like where the broker gives a yearly statement to the gains and you have to pay the taxes on (like a tradtional savings account)? Or do you pay capital gains tax once you pull money out of the fund? Could you please explain what the advantages of keeping money in them is?

Thanks again!
Reid McNally and Family

First, i'd like to appologize for any grammar or spelling mistakes, since english is not my first language.

Mr. Kiyosaki,

I am 23 years old and live in Rio de Janeiro - Brazil. I've been reading your books since I was 18 and that gave me the vision to become a entrepreneur instead of a employee. For that I really would like to thank you.

I have some questions in two topics:

1- I really would like to play Cashflow game with my family and friends but we still doesn't have a portuguese-language version of the game. There are any plans to develop a portuguese-language version soon? Since many of your books are pubblished in Brazil by a brazillian publisher, is the license for developing a game in Brazil combined with the license of publishing your books or another company could apply for it? I know many people in Brazil that would be happy in playing cashflow in portuguese.

2- In my business we give courses that last for 12 months but we have many students that pay the course in 18 installments.

We are in the end of the first course. During this period I had to invest my time to develop the business and postpone my gains. So I just have for now a paycheck that is enough for my basic monthly-expenses. After the end of the course if the default of payments keep the same rates I will receive for 6 months enough for 12 months of my personal expenses (including my personal investments) after reinvesting for the other course or even if it is the last one.

I'd like to add that I don't need to be phisically present in my business since I am not a teacher and I have a team to manage the every-day activities.

My question is: Could I call the return that my business will give me cashflow because it is flowing into my pocket every month as a result of my investment or it is just capital gain, since it has a defined and limited value?

Thank you very much for this opportunity of making questions and I hope that I was clear. I appologize again for any language mistakes.

Ricardo Lima Gonçalves

As I read your book(s) and the responses from the other reader, I realize I have so much to learn. I was raised by my mother and was relatively poor growing up. I always had a drive to be different, but often received opposition. One example that frustrated me was when we were purchasing our current home. The realator kept insisiting that our house would only increase in value. I thought she must be crazy to think this way and told her it would only be worth what someone was willing to pay for it. She didn't appreciate that. Am I so off base?!
I did graduate college but currently am a stay-at-home mom, homeschooling 5 of my 8 children. My oldest child completed school at 16 and just finished her 1st year at tech school and will graduate her program at 18. She is a good student and handles her money well. When she finishes, she will be debt-free. Since all of your teachings are newer to me, I am not sure how to direct her to be financially free. Her passion is for horses but will need a source of income to support her 'pets'. What suggestions might you have for me to pass on to her as she begins her life journey?
Also, my husband is an officer in the military. We make a decent living and are currently refinancing our house (dropping 1 1/2% interest) this week. I plan to have it paid off in 5 years (origionally would have been 23 years with the previous loan and minimum payments). To me this seems to be a wise decision. What do you think? It is hard for me to get out of the mindset "get out of debt". The concerns of being able to provide for our family is holding me back I guess. I know this house is not an asset, but it IS a necessary evil, especially with the size of our family.
Thanks for your time and investing in those who wish to change their thinking and ultimately their lives.

This question has opened the flood gates.

Mr. Kiyosaki during the depression of the 1920’s we know that the smaller time country banks were the target of the Federal Reserve. The farmers and business owners were just unfortunate casualties of that war. Since then the Fed has matured and sprouted offspring.

There are many similarities between the what the Fed’s did in the 1920’s depression and now i.e. numerous smaller bank that have been taken over by the larger member banks this year. I am curious about the timing of this particular depression. With millions of baby boomers ready for retirement is there a possibility our own government working with their partners the Federal Reserve would purposely cause another depression to scare these baby boomer from retiring.

I would like to hear your take on this and the timing. Also you have referred to G. Edward Griffin’s book a few times. Mr. Griffin gives a couple different scenarios at the end of his book on what we could do as a society do you agree with them or do you have a different take?

Hello Robert
First i want to tell you that i have read many of your books and i am following conspiracy of the rich and everytime i read another chapter is inspiring and i thank you for teaching us what you know.
well, my question is how would you invest in real state here in El Salvador if the wages for renting a house are slower than the monthly payment of the mortage, as an example an average house of three bedrooms cost like $18,000 and the monthly payment is around $150, but the average wage you can get for that type of house is $90, can you tell me what would you do or if you would just buy foreclosure, because generally what you can get from renting a property is slower than your mortage.

thanks and get richer