Hi Robert,

You talk mostly over inflation for the coming years. If you look at the Kondratieff cycle theory, then we must get ready for depression. According to this theory we must be in the middle of the winter period en the worse time is still to come. what do you think about that?

It would seem to me that the only way gold could be a hedge against inflation is if you sell it right now at its historic high and take your profit. Am I missing something? Absent nuclear attack, you still need a dollar bill to buy groceries.

Hi Robert,

Just read your latest email about Nouriel Roubini's "predictions".

I couldn't seem to find the right place to discuss that issue. I couldn't even find a search box! If there's a better place please let me know where it is. In the meantime I'll get started here, if I may.

Over several decades many trend following "hedge funds" have contrived to make money by buying breakouts to new highs in a wide range of financial and commodity markets. To the managers of such funds a breakout of gold or silver to a recent high, or even an all time high, counts as a very good reason to increase their position. Discuss!

Jim

P.S. Exactly the same principle applies when the time comes to go short!

Senor Robert:

Greetings! What is your opinion on subject line. GOLD to 720.00 / oz and SILVER to 15.00 / oz.

Thanks in advance.

Ernesto

Hi Robert,

I have followed your advice and that of other teachers and left the rat race. My question is, do you think silver will climb faster than gold in the next correction and eventually become an equall or will it always be the little brother?

Hi Robert,
As you stated that the old rules of money investors of mutual funds, and 401k's will be hurt coming up with the dollar crashing, etc.. Please do more than Talk about it and then not tell anymore about what I am wondering about If I have a 401k now , if I would cash it out then I would take the early withdrawl penalty and the taxes due would be a big chunk. I am guessing around 30-35%. So are you recommending doing this or it sounds like you are without saying it outright. please go out on a limb and give black and white advise.

Should I cashout my 401k, take the hit and buy silver? When the dollar crashes I don't want to be holding a empty bag. Will the dollar crash or will we just switch over to a new currency? World currency?
Thank You
Troy

Robert:

Thank you for your book. Very interesting!!!

I tried to apply the lessons learned on real estate investment to the Mexican market, but I´m struggling trying to get the cash flow that you are getting. Can I print my own money in real estate in Mexico with a loan interest rate at 15.6% and a market rent of 0.04% vs. 0.08% as described in your example of page 209 in Chapter 11? How can apply your real estate recommendations in Mexico?

Thanks in advance for your time.

Best Regards,

Jorge

hi mr. robert,
i've been following you thrugh your cds, tapes, books and online studies. this online book has some interesting things about the 401k, that i'm currently in with the company that i'm employed. my question is " how can i get out of the 401k without ending my employment with this company"

thank you rwpfn

Hi Robert and thank you for sharing your wisdom, it's much welcomed!

I love reading your online updates and I was thinking that it might be kind of neat if you developed this into a blog. It would be easier to navigate and read and my guess is that you would also get a greater following.

What do you reckon?

Cheers

Hi, Robert, Wish u Peace!

Read your comments about Dubai.
But, Dubai is a taxhaven. How the public get affected?

besides, It is not the Govt, but a Large Invetment company in which the Govt has got stakes, with various portfolios[ real estate; port management; investments etc] that has applied for restructuring.

Please make your expert comments
thank u
Saleem

There has been many questions posted, but I see no answers. Do you post them here or elsewhere? Though you did say we could ask you anything, you didn't say you would answer. Ha Ha

My question was more directed to your recent update where you said the government was giving you millions in loans for 40 years at low rates. What program would that be? Your customer service is not informed of any program and suggested I ask you directly. They said you don't give advice, but as I explained to them this is not advice but clearity on your comment. I also told them that you do give advice and suggestions as you say "shame on those not aquiring silver"(which I completely agree with).

I commend you on educating so many.

Hi!How are You Robert? Would you say it's easier to get out of the financial rat race than ever before? What would you advise someone with no savings,and bad credit start first?

If someone wanted to change the system, how would they go about doing it? What would be the process?

Robert
I have read COR and note financial lesson number 10 'Minimise Risk' in chapter 12.

You talk about the use of put options as a way of insuring your stock price depreciating. However this goes againt your mantra of cashflow - making my investments and assets work for me. Say I sell a covered call option on stocks I already own. The stocks rise in value and the option buyer exercises his option to purchase the stock at the lower price. Therefore I would no longer be the owner of the asset and it would not be working for me and producing oncome. Whilst I would be in receipt of the the premium paid on sale of the option, as well as having to go back in to the market to purchase stocks I may be also be liable for tax on any capital gains.

You say in COR that the stock market is unpredictable and therefore pensions are risky. But stock options cannot be classed as an 'asset' as they risk losing you your asset - the stocks you own. The beauty of property as you say is that you own the asset, it produces income and with the right use of debt, it can pay for itself.

I would be grateful for your thoughts on the use of stock options - are they really more of an insurance policy rather than an income producing investment policy?

Many thanks
Danny

I was wondering what effect significant rising interest rates would have on the prices/values as well as cashflow on Rental Property?

Since Mortgage payments will obviously rise, will this not decrease the net cash flow and therefore reduce the return on the investment. Couldn't this potentionally result in a negative cash flow.

Wouldn't this decrease in cash flow and investment return result in disgruntled investors, who may be scared into selling out?

Wouldn't this ultimately lead to the property decliling in value.

The rise in interest rates would add additional operating costs to tenants. In a time of economic turmoil, this might cause some businesses to close their doors, resulting in higher vacancy rates.

Higher interest rates and higher vacancy rates are a recipe for disaster in my opinion. So I fear this scenario in the future with rising inflation, and since our fate lies in the hands of the FED for combatting inflation.

I know this is hypothetical, but I want to be prepared for the worst case scenario, and know what to do to prepare for this. Is there such a thing as being overleveraged?

Your opinion on this is highly valued.

Thanks!
BrentC

Aloha Robert,

I've read a majority of your work and believe what you're saying about becoming financially educated. I haven't really read what people have asked here on the forums, so I don't know if this has already been asked and answered by you. What I'd like to know is while it's important to get financially smarter, how would you suggest someone who has taken the time to get their financial education, but because of their profession, doesn't allow them the time to invest in some of the things you suggest?

I work with doctors and have friends who earn $100K+ a year and are always looking to be smart with their money. However, since most of them work 60 to 80 hours (even average people who work a lot of overtime or work 2 jobs to support their family), how would you suggest that they approach becoming wealthy?

I'm sure you don't suggest that everyone just quit their jobs and become options traders or real estate investors. I've heard that while you were building your real estate empire, you and your wife lived in your car. While I believe that if someone wants to become financially wealthy, I think those extreme measures would be worth it, but is that what you're suggesting the average person to do?

We still need doctors, lawyers, ditch diggers, cashiers, but how would you go about helping an average person to become smarter with their money? Most of my friends invest in their 401k's not just because it's the only thing they know, but because it's "automatic". Something they don't necessarily have to think about because they are busy with their profession. Even doctors I know who are financially savvy, trust their money to financial planners simply because they don't have the time to manage their money themselves. Heck most of them don't even know where they would go about buying gold.

How would you suggest people like that would start?

Hi Robert, I'm from Canada, I was going to purchase US dollars to hold but now I'm wondering if I should look at euro's instead?
Also, should I convert my US dollars into euro's? I'd look forward to reading your thoughts. Thank you.

I'm about to sign a long-term contract with a German company and one payment is due to me in May 2005 and the 2nd in 2015. Would I be better off having them pay these payments in Euros and opening up an account in Europe? Thanks, love your work bunches!

Robert -

You mentioned that the U.S. Treasury may be forced to raise rates on treasuries, which will cause the value of the dollar to rise. That will in turn push the cost of precious metals lower, correct? If so, that does seem like a likely outcome, so wouldn't it make sense to wait for this to occur over the next year before we make big investments in gold/silver? What's the long-term outcome if something like that happens and how does it positively impact gold/silver?

Best,

Ryan

hello robert,thanks for all the updates and the good reading.
not only iran is selling its dollars, venezuela its getting rid off them too.

I just read on your last post(the dollar is toast)that a judge ruled on favor of bloomberg news and the fed must show its records.
it also said they may consider an appeal.
so lets say they appeal, and they loose again. how long before they show their records?
if they do (show their records )how this will affect or benefit the US citizens?
is there anything people like you and all readers can do to force the fed to inform the public?(if its worth it doing it of course).

shall we just expect the worst?

what in your opinion and knowledge will be the worst scenario if the dollar totally collapse?
can you please consider countries like canada,mexico,and latinoamerica.?

I know probably this is too much questions (and I can keep going).
Im sorry,but probably how knows, and you can make another book out of all this.
take care robert and thanks again
jose eduardo carrazco camacho
RichDad coaching program student.

In your your book you state that 12X is the multipler for Banks to issue loans against deposits, I have read that the Federal Reserve's multiplier is a Minimum of 30X, since this number is not a constant, what is the maximum it has gone to and what formula is used to determine it? Also you touch on George Bush Senior's looting of America thru Negative Amortization loan defaults, yet you do not specicically corralate that to George Junior, Carlyle Group, Mr. Rainwater and Thronberg Mortgage and Mr. Soro's. Why? My final question is about "Robbing Banks", do you you believe that politicians are working with Private Equity Firms to Loot Regional Banks and Tax payer Assets?

Hi Robert, thank you for all you've done and do! I couldn't find where you said it, but you recently wrote an article somewhere here in COR where you mentioned that investors like China were becoming concerned with the devaluation of the US Dollar, and there was rumor that they were considering the option of replacing the US dollar as the world's base currency with another currency. I remember specifically you said "If that happens, the US dollar is toast."

Well, that day is today 10/08/09. A very respected English reporter apparently wrote an article a day or two ago that reflected exactly what you said. I read about this first article through a different article on Yahoo this morning. What upset me more than the issue at hand is the fact that the Yahoo article actually tried, in a very passive aggressive way, to discredit the English reporter, and even discredit the "possibility" that this could ever happen! The fact that Gold today shot to $1,048 /oz definitely reflects a nervousness and uncertainty in the market. Did anyone else read this? It's suspicious that when I went back to look it up about 10 mins later, it was completely erased from the website. I mean gone! Dinosaurs left more evidence that they ever existed than this article did.

I'm very interested to hear more about your interpretation of this and what it could mean if the replacement actually happens. Can you please elaborate on this possibility, perhaps in a COR Update? Seriously, this could change life in the US as we've always known it. But how? Thanks as always.

I wish you good luck in your travel to the most beautiful country in the world COLOMBIA. It´s a shame not to be in your 2 day conference.

If you have the oportunity, I´d like you see "CNN en Español", there´s a strange and curious commercial, some people (journalists) talk about the right, essential and key information they suppose to have about financial and economics. Don´t you think this is a kind of conspiracy?.

Personally I think this could be a delicate and risky move from those who try to take this as an opportunity.

So, what Do you say!.

Regards,

John Novoa

Hallo Robert,

this is first time, I react to you. But I know mainly all your books and I thanks for that. Now I work with your coach. But I want turn your attention on other things. The conspiracy is not only in financial world, but same people, who is behind FED and lobby for printing money etc. are also behind big pharmaceutical and food corporation and vaccination panic for swine flu is a big conspiracy how to handle all people - there are people, who spoke about the one world government with UN and WHO.
See for example www.naturalnews.com . What`s your position on that?

Lubomir

Robert, why do you never mention the self directed IRA as an alternative to giving over our mutual funds to Wall St? August of 2008 I finally accomplished this rollover and on my first real estate transaction put $15,000 back into my IRA. That is more money than I had ever earned in over 20 years of contributing to a traditional IRA. To me it just makes sense that once someone has educated themselves financially that their IRA is a great way to begin creating wealth for yourself.

Hi Robert and Kim!

My husband and I have all your books--all on iTunes AND most in hard copy, though we are often running out of various titles as we frequently give them away. :-). We've purchased over a dozen COR's to give to friends and family and when those run out, will purchase another batch to give because we think COR and your other books are VITAL, and our 14-year old daughter is studying COR in homeschool.

We are also avidly reading your updates to stay informed as the global crises heats up. Last night Glenn Beck did a good job of showing America's declining monetary system since 1971; when I saw him going that route, I hoped he would have you on as his guest.

I have three questions:
1. Today, rents are declining and banks aren't loaning, or to get a loan is like pulling all four wisdom teeth at once without anesthetic, and as our banker told us yesterday, we could get a loan now with a 3 year reset, and who knows what that will look like in 3 years?! So,we need more knowledge and wisdom from you on how to "thrive" in today's market!

2. We have invested in gold and silver and do wonder your take on whether to continue doing so as the price continues to climb. But more than that, we're trying to imagine the scenario of how to use gold and silver, should virtually all systems fail. Some say that having it will only preserve the value of one's "money", but that it will be hard to sell, and certainly, there are fees on the buy and on the sell.

3. As avid fans and promoters of ALL of your books and all three of your games, AND as a family homeschooling our children using your books and games, can we talk with you about ideas for product development around RD education for kids and young adults? We are not asking in order to hitch-hike on your coat-tails, though that would be nice :-), but we would love to brainstorm with you as to possibilities.

Thanks for considering,

LeAura

Robert,

First I would like to thank you for all that you are doing with educating us on finances. I just can't fathom how our school systems don't teach this stuff.

Anyway my question is about investing in gold. I was going to invest last week but I noticed it was starting to go up in price and I remembered what you said about not investing in the stocks high, but I don't want it to get much higher and then not come back down for a long time. I am going to definitely going to take my money out of my cd, early by the way, and invest in gold and silver instead. Since my return will be infinitely higher than that stupid CD.

So basically would it be better to just wait a little longer and see what happens with gold or is it going to keep going up and up now.

Thanks,

Nick

Hi Robert, first off i would like to thank you for making your concepts so brilliantly simple. Before this conspiracy book i have only read Rich Dad Poor Dad which i could really relate to since my dad though he owns a business is poor (attitude). But my mentor is Rich. However, i am confused to hear you speak of the Rich with such a negative tone. It is no secret that there are rulers of the "free" world. I was a little disappointed in your approach to almost make people feel angry and to blame the rich and powerful and not themselves. My point is this: (i have used this example many times) The pyramids... they are a wonder of the world but people had to be exploited to build them for the kings if the work force had been given everything they wanted and weren't kept hungry the pyramids would not have been constructed. Should there not be any pyramids? Furthermore, i like to see that there is still the rich and powerful because then i know there is a chance for me to become one. When there is no rungs on the ladder left to climb someone must toss down a rope and that rope is financial education, open eyes and like minded thinking. Thank you Sir. I guess i am confused to hear you speak of the rich in such a tone it made me wonder who's side you are on?

Robert,
First let me say I enjoyed the book as I have all of the books in Rich Dad series thus far. I just came back from one of your investing seminars in Cambridge, Massachusetts and Marc, our trainer, was excellent as was Siggi, Kelly and Dennis. It was extremely educational and I would love to continue on. However I am one of those students who will pay dearly for my stupidity in the past and wish I had picked up your books sooner. I understand that knowledge is something that can't be taken back if students don't pay but yet I find myself thinking that if you offered another training seminar after this one or follow-up of some sort to help the ones like me to begin making money so we could put it toward the full mentor training, it might help those of us that are serious and will have to pay full price for our mistakes to raise the capital for your mentoring. I am very much interested in the program however do not have the means to pay for it. I have no problem paying for my mistakes and my goal is to be in that 1% that returns. I would even be willing to learn in exchange for teaching others. God bless and if you ever do offer something like this, PLEASE include me in your mailing.

Hi Robert,
this is not about your book...
I really need a suggest from you.

I am from Colombia, Barranquilla city. I have one questions for you.

Well now I have to much free time, and I want to get money but not as employed, i don't like that... I want to be financialy free and use my time as I want to...

I'm a graphic designer but it doesn't means that I need to be sat down in front of a mac drawing 8 hours dayly.
Now I have some clients, "big clients", they want me to sell them some merchandising (t-shirt, hat, stickers, etc..)

I have no money to buy any machine and neather I want to get involved into the caution that machines need..but I know too much people who has those machines to produce what my clients wants..

what should i do?

should I buy them to sell to my clients or should I make a aliance with the machines owner? if I should make an alliance, how can I do that?

thank you man...

Cordially

Jorge Andrés

Can anyone tell me if Robert thinks that USA will still be a superpower or not in the coming years. I find it hard to believe that USA will NOT remain a superpower. I mean the whole world is tied to the USA.

I have been a massive fan and Im embarrassed to say Im in the scardy cat bunch.... i love what you teach and i feel empowered... you are my rich dad...

I would like to see more picture diagrams that give additional confirmation of understanding in your chapters, as i am quite a visual learner.

SEESEE

Hi Robert,

I am from Singapore. I have two questions for you.

1) So far from your books I have read, you have never written that you have kids. As you know being a parent is really difficult and demands alot of your attention and time. Would your investment and business strategy remain the same? Would you still enjoy the same success level?

2)As you are now rich and fall into the 10%, and if you know what the conspirators do, are you not one of them too?

http://web.singnet.com.sg/~raindeer/

Hi Robert,

I am from Singapore. I have two questions for you.

1) So far from your books I have read, you have never written that you have kids. As you know being a parent is really difficult and demands alot of your attention and time. Would your investment and business strategy remain the same? Would you still enjoy the same success level?

2)As you are now rich and fall into the 10%, and if you know what the conspirators do, are you not one of them too?

I am a Nigerian living in my country. I am 27years old now and also a nurse by profession. I had always thought of minding my own business but not with enough financial intelligence until i came across the books of Mr. Robert. Now i can hit my chest and tell myself I CAN MAKE A GOOD FUTURE AND ALSO BE FINANCIALLY FREE. I was born into a very poor home in Nigeria and i do not want to be poor or watch my kids go through the pains and agonies i went through growing up.

I have made some mistakes in the past no doubt....and since i started reading some of Robert books. i can stop pinching myself over and over again because i have realized my mistakes....

To cut the long story short. I had bought few shares from reputable companies in Nigeria because i thought that would make me be financially free in future...Now i realized that, those companies shares are falling badly as my country`s economy is falling deeply into mess too. The government do not give a dam because they do not care about the poor and the masses. I don`t care about them anyways...because i can bet them to their games now. I now understand the cash flow well at this point and i will never stop applying it...

I bought two plots of land before now in a quiet area in the city i live to build my future home for me,my wife and my unborn kids. But i am now thinking about turning it into a Cash flow business instead of business a family house?. The area is still developing and very nice to raise kids. Please what do i do at this point Mr. Robert?

I have a business that is into electronic and electrical appliances and i have just registered it. Its growing from my statistics and i intend sending my manager to Dubai early next year to buy directly from the manufacturing company over there. This is because most people who my manager buy from in Nigeria buy their either from China or Dubai. So i thought of going directly to Dubai to buy from the Manufacturers in Dubai.

I need an advice on this next move of mine.... want to know more about international trade since i am into Nursing field. I want an advice on this.

Thanks once more Mr. Robert for sharing your knowledge with the world. I can smile now because i know where i am going to.

Aloha Mr. Kiyosaki ~

Mahalo for the opportunity to participate in leaving comments within your online book. Mahalo for all your books and the Cash Flow games. Mahalo for your mission on financial education. Will you be responding to your readers' comments and questions, not only in your book when published, but also on a personal and individual level?

I recently lost my home in a nonjudicial foreclosure auction sale and am trying to repurchase my home. I have less than two months to close and record. My problem is that my brother-in-law, who has excellent credit, needs a co-borrower because he doesn't have enough DTI ratio. My husband and I have enough income, but we ran into some trouble that took a toll on our credit score. We don't have any other family or friends who would qualify by income and credit score. My strategy is to improve our credit score so that we will qualify to be co-borrowers with my brother-in-law on an FHA loan.

Do you think this strategy will work in my favor in time before the end of two months? Other than FHA loan, are there any other loan types or options? Are there any credible and trustworthy credit repair companies and mortgage brokers who can help me achieve my goal?

Sir, I am so scared right now. If I cannot repurchase my home by the end of two months...we will be evicted. And then my family's path to financial freedom will be crushed. I know it's not the end of the world, but my husband and I are not getting any younger...I don't know if we could do it all over again. But most importantly, the home was designed for my home-based business. We would also be displacing a lot of needy people who require my family's professional services, which the home was custom-built for them.

Mahalo for your time in reading my comments. I would also be most grateful for your response and advise. Mahalo nui loa!!!

One more thing. Would you consider producing an audiobook from
this material? I think it would be great especially if you make it
MP3 friendly.

Hello Mr. Kiyosaki. I need a little more understanding regarding
taxes, debt and inflation.

Do business taxes from companies and income taxes from employees
go toward paying down the national debt? Do these taxes curb
inflation in any way?

Hello Robert,
Thanks for all you've done to help us change our way of thinking for the better.
I read RDPD & CFQ in October 2005 and haven't remained the same since then.
My question is this:- How can we overcome the challenge of inflation?
Thanks. God bless you big. Amen.

Robert, this was a great idea. I got a lot out of participating in this process. However, I have another question. Why do you say that the Federal Reserve by printing currency is going to cause inflation, when the Fed is merely replacing the hundreds of billions (trillions?) of dollars written off recently by financial institutions?

Thank you for your insight.

Hi, My husband and I own our own business. We have 4 children (4 - 19). We are going through some tough times, and would appreciate any personalized attention that you could offer.
Thank you!

----------------------------------------------------------
Hello Mr. Kiyosaki (or Robert, if you prefer).

Here's an opportunity for you and / or your readers to watch for. It is a chance for you to gain cash flow from your involvement in a value adding publication.

Others may have had similar ideas as noted below, but this has a realistic chance to fly due to my passion about the subject, and ability for interpretation of such material.........

I believe you are familiar with the book "Atlas Shrugged" which I have read and studied three times (now on my fourth) over the past 9 years. I also infer that you would be an advocate for most of the main philosophies and principles supported in that book. I have recently started the process of interpreting the essence of that novel into a short composition for the average reader - similar to how you extract the essence of financial education for your readers. The goal is to help open people's eyes to adopting a truly reasonable attitude towards life (including all human and business relations).

My name is Joe Hegedus. Originally from Canada with Hungarian heritage, now living in Australia, I began the early stages of my true financial education "Robert Kiyosaki Style" in 2007.

I am looking for well known people, only whom I respect, to endorse this publication in return for royalties. The royalties would of course be based directly on project profitability. You may hear from me through another channel within the next year or two regarding a draft manuscript.

Knowing that you are likely busy with many other things on your mind, I only request that you remember my name for the near future, or contact me if you are curious about this opportunity. Feel free to email me at:
joehegedus@hotmail.com and jhegedus@tjh.com.au.
If you prefer, you may call me anytime directly at +614 0916 8311.

I think the next few years will be a great time for release of such a publication. Hopefully, you or someone as respectable and prominent agrees and acts together with me when the time comes.

Looking forward to discussing further,

Joe Hegedus

P.S.: Thanks for the honest lessons provided through your publications thus far - may you keep going for decades to come! Maybe I can return the favour someday soon.

This opportunity may also be extended to anyone who wants to contribute. It will be a team effort – publishing success is achieved by many people in addition to authors.

July 19, 2009

One concern I have is that you said your financial resources consist of apartment houses that provide monthly cash flow. I'm concerned that this idea of financial success based on cash flow is based on, to me, exploitation of other people, since other people, obviously of lesser means, will be renting the apartments that provide me with my cash flow of wealth.

Maybe this makes me a socialist and maybe I am. I would like a world that works for all, not just a 10%. Still I am very grateful for your writing.

Thank you so much for all your education, Robert. The book is an "11" on a scale of 1-10. It's come at a great time for me too. I graduated college with BS degree in business administration almost 10 years ago and feel like it was a waste of time and money for the most part. Fortunately, i did it all on the G.I. Bill and didn't incur any college debt. However, after 3 years in corporate america I was burned out and attempted to start a financial services business to get into the S quadrant, but I couldn't reach any level of success in that and went back to corporate america most regrettably. Now after having been laid off and obsolete I don't know what to do which brings me to my question: how do I find my "mission"? I've gone through all the questions of what would i do if i won a billion dollars in the lotto and what is my passion and the only answer I've gotten is...I would do what i want when i want with whom i want. There are a lot of things i like to do but I haven't identified anything I'm "passionate" about. I have a lot that could keep me busy without ever being bored and feeling a need to "work". And, knowing what i know about the quadrants, I don't want any job or "work". So if you have any ideas or can point me to a "great" resource for figuring out my mission with something other than silly questions to ask myself I would be further indebted to you. Gratefully, EO

I am currently investing 7% of my salary into a company sponsored 401K plan where the company matches 3.5%. I agree with you that the mutual funds are not a good place to invest my money. Would you recommend that I stop placing the 7% in the 401K, lose the 3.5% matching and invest the 7% along with the other 10% I am saving into cash flowing opportunites? Would you also recommend that I pull the money I have out of the 401K plan taking the 10% penalty plus pay tax on that money and then invest it in cash flowing investments?

I agreed with the house being a liability rather than an asset. Listening to real estate agents always bothered me because what they said did not make much sense. therefore I never got around to buying a house. So far every calculator says renting is cheaper than buying.

One question: In my community rents are outrageous, yet even so buying a house is worse. Some people are compelled to spend as much as 70% of their income on rent. But it's the going rate. Shouldn't rents be set, not at the "going rate," but at a fair rate such as the HUD guideline of 1/3 an average tenant's monthly income, or any average tenant's pay for one week? Of course, a fair rent might not be enough to cover expenses and provide "cash flow," but at least it would be fair. Rents now are not fair because tenants neither have all the information to make an informed decision, nor are they free to not pay the rate.

My last question: You say you do not need money to make money, but nearly all your examples require a ready source of capital to get started. What exactly and specifically are a series of tiny steps to get started? To take investment real estate as an example, in this down market, a person making a median income could buy a house for around $300,000 but that person even if they qualify for the mortgage cannot realistically afford the payments. Typical payments would be $2000/month implying a monthly income of $6000 or an annual income of $72,000 but the median income is $40,000. There is not going to be room for improvements or a positive cash flow. Or take self-publishing. You have to be able to afford the up-front costs.

I am not sure that it is so easy as you imply. Look at singers. Many of them are just as talented, motivated, determined and hardworking as others, but only a very few get to quit their day job, usually because they were able to capitalize on a lucky break of some sort. Suze Orman says anyone can do what she has done even as she tells stories of her lucky break. Honestly, how does anyone who isn't already doing quite well even get started. There is a reason so many people get trapped as wage slaves. And without people (employees) living on the ES side to rely on, how would the BIs get the surplus capital to use as a foundation for acquiring cash flow assets?

I just recently started reading your books again a noticed that you had a seminar for building capital this year. Do you have a book on building capital or will you be having a seminar again on the subject? Thank You for your amazing books and Rich Dad Company!

Hi Robert,
Your new book is excellent! My question is, shouldn't it be called "Conspiracy of the Ultra-Rich?" I gather that you are already in the "rich" category and that the title "Conspiracy of the Rich" in a way kicks back at you as a part of the conspiracy. Please explain this further so I understand what information I may have missed. Thank you for your valuable time. Diane V.

Hi Robert,

I am reading your book to increase my financial literacy. Most of the book opened my eyes & was understandable until I got to Chapter 7, page 14, on annuities. After the first sentence, it all went above my head. I will have to do more research to understand.

Otherwise, your book is giving me the "big picture" that I need to understand what's going on.
Thanks!
profskow

Robert,

First, thank you for this interactive book. I looked forward to reading every chapter, and enjoyed what I read.

QUESTION: If there is interest due on every Federal Reserve Note (“dollar”) generated, how is it possible to ever repay all of the interest?