Conection between the Federal Reserve and Baby Boomers?
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?
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.
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.
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?
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?
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!
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 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.
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 read a lot of the Rich Dad Books. And would like to be financially free. But have come to a financial fork in the road because now I have lost my job.I want to take control over what I do today in order to change my financial destiny.After I lost my job I have realized that working for some one is not how I want to spend the rest of my life, Knowing that my income and the well being of my family servival is in the hands of some one else.I am frighten because working for some one means you no longer control your destiny or the out come some one else controls your life and how much freedom you can have. So the question I have is if you were in my shoes what detailed steps would you make/take so you would never have to fell that fear again,what would you do from the momment you lost you job to start your path to being financially free.PS thank you for taking the time to read my problem.Destn4gr8nes.
Bragging a bit here - but I believe I could be one of the best Cashflow 202 players out there. I timed myself, I can usually amass about $100k in capital in about 5 minutes, and then move onto the bigger, cashflow deals. I actually control my cashflow so that I can't get out of the ratrace, just so I can keep playing the fun part. I love the game, it teaches me heaps and I want more.
While playing one day, I wished that the real world could work this fast. I've recently taken a new train of thought on things, I don't see why it couldn't work in the real world.
What about a real, online game, with real stock, options and real estate opportunities. With real financiers,Real Stock brokers real Real estate agents.
It might sound a little crazy - but I think with the internet, it is very, very possible. I know how to buy, sell, trade and invest in the real world too - but lets face it, the real world is so much slower than the virtual world!
In Proverb 22:7 the Bible states that the rich rules over the poor, which truth you present in your new text. However, the next clause is that the borrower is servant to the lender. How can a Christian reconcile the fact that you differentiate between bad debt and good debt and himself acquire the latter? I want to be smart in the money game, but I want to be obedient to God's Word.
I would just like to hear more examples of past successes/failurs to guide me in my quest for financial freedom. I have learned so much from your books and can't get enough of what you can teach. I would like to know more!
I would like to know more about how you and Kim reached your low and climbed your way to the top. I really wannt to hear the story of the struggle and accomplishment.
Thanks for everything!
Dear Robert,
I have read your books unfortunately i have not been able to find any of your cashflow games in Bangalore, India.
Understanding the concepts is at one level but to gain first hand experience while playing the games would be more insightful.
Can you please guide me in this respect.
While knowledge is the (new) money. What to do if governments keep on interfering with the free market? I am afraid that now, if you are financially smart, they will try to make it still nearly impossible to make money, since they regulate, tax on capital, debase your currency, restrict your freedom to invest (for example. Here in Belgium, you can't just buy property in order to rent out anymore, now, this is only for people that have got certifications in it... a real estate investor nowadays, must be granted a certification by the government. Older real estate investors are being attacked by these regulations so that then, the government, can take everything over and sell it to one of the huge real estate investors (like banks)... So basically, everything seems to work against people with entrepreneurship, financial knowledge... I hope this is not the beginning of what George Orwell depicted in his movie '1984'. Do you know a place where 'free market' is still applauded?
Thanks for this excellent initiative by the way. Which tool did you use to make this happen (writing chapters and giving the opportunity to the public to build the book with you by their comments..)
Bless you
I hope this question is appropriate for this forum. I just wrote my first book, entitled Empty Nest Egg: Why You Must Start Your Own Business NOW. In fact, I sent a gift copy to your office recently. How did you market RDPD in the very beginning? As I recall, you self-published it at first. Can you give me any tips for promoting mine?
You have saved my financial future! You are on my "people I must meet" list.
You made me a learning addict for the rest of my life. Often, reading this book, I had a pain in my heart about what's happening - it was hard to read. But it was a good grief - I am motivated to reach out and be an example!
Thank you million times!
I really understand why most of people stay in average state. I'd followed your and your RichDad's advises about couple years and local people see mee in weird. I have found only one banker who is in same wave like me. And I feel like whole universum pusched me to ratrace. Where you find the courage or guts to keep track to your goals? How you manage it with Kim in "beat up Toyota"?
Getting in to this good business seems to need some kind of loneliness teamwork.
I am like one of your other correspondents. only on a low income & banks etc will not loan on low income. when I was working in Iraq they couldn't help for falling over themselves to get my money. half way through started reading your books & oh know being investing wrong. started changing to be cash flow positive. Only thing was contract finished too soon. so went from US$432 a day to NZ$12 an hour. after using equity to purchase items to hire out to bring in cash flow for business & other few ideas realized what I should of done. Had to sell two properties to keep head above water in meantime. in the end are for now relying on silver I bought going up. still are looking at other ways to increase cash flow to be able to invest. Any ideas in broad terms?
aiming to get options trading on track too.
Oh for the person re options in 202 only to buy not sell. remember with options to sell an option is extremely risky unless you use the right strategy & I am not sure you could figure that in the game. maybe in cash flow 303 that sort of trading could be introduced as needs a lot of study.
After investing is Phoenix and Oklahoma & Texas with Ken McElroy. Would you recomend investing in apartments in stronger economies like Texas & Oklahoma or waiting for areas of Arizona, California, and Nevada to show job growth then invest in these harder hit areas? Do you see another RTC being formed as an opportunity to purchase apartments?
Robert, I just want to say, I think you are really awesome. I am trying to educate people as well and people won't even sign up for a free newsletter I offer them. I have had many hits, 4 people signed up. People are skeptics and hopeful that the economy will come back soon I suppose. Check this out, I am not even promoting my products, just trying to help people right now. The website is www.HowMoneyReallyWorks.com
This economy thing is not going to come back for a while. What are the stats right now 10 to 15 percent of the people do not have jobs - wrong. They are forgetting to number the part time people, the homeless people, the people whose unemployment ran out and the illegals who had jobs. The true numbers are probably (I am guessing here) 30% to 35% or more of the people in this country do not have a job. How long do you think that will take to recover? Years is the answer.
On top of that there is a massive amount of competition for jobs right now. People forget that a job only can hire 1 person at a time. The age of the entreprenuer is at hand.
What do you think it will take for people to realize that our government has failed us, and will continue to fail in the future? I'm invloved in a MLM business and 1 thing I preach is the way to retire in 3-5 years using you inner you (passion) instead of working 30 years for the local governement and another 20 years for the fed gov. I have been called every name in the book because I said my son is the reason why I have no other choice but to be rich. Once I said I didnt want to work anymore, I was on the black list at work. Does the government have 90% of the people hypnotized?
A Question About Saving Money and Technical Trading in Cashflow
I have two questions that I would like someone here to answer, perhaps Robert can answer them for me. My first question involves the concept of saving money. I've read a few of Kiyosaki's books, and he looks down on saving money. He says you should go in debt to make yourself rich.
I worked for a bank, and we would not loan money to those who were really low income or who had bad credit, which means, if you're poor enough, you can't go into debt to make yourself rich, or it is very difficult to do so. But if you have a job that pays, say $50,000 per year, and you're really frugal and save $24,000 of it annually, in three years you would have $72,000. If you have 72 grand and are debt free, "then" you can go in debt to make yourself rich, because the bank would be more than happy to loan you money for a cash flow deal.
But the bank will only loan it to you because you already have a bundle, and you are debt free. What I'm basically asking is, shouldn't saving money be good for the Middle Class and especially the poor, at least until they have enough cash on hand to borrow money to purchase an asset that produces cash flow? I understand why Robert doesn't save, he makes so much money he can simply purchase a cash flow producing asset, and use the bank's money. But a low income person doesn't have this option, it seems that saving money for them would be wise, at least at first.
My second question involves technical trading. In the game Cash Flow 202, you can put call and put options on stock. I usually make a lot of money doing put options. However, I read a book about Warren Buffet recently, and the book made no reference to him doing calls or puts. The book says that Buffet's formula is to "purchase stocks at below intrinsic value in order to maintain a margin safety. Buffet is also known for holding stocks for at least five years. But doesn't this mean that Buffet is "investing for the long term," which Kiyosaki seems to attack?
Given Buffet's enormous wealth, and the fact that the book I read makes no reference of him doing technical trading, which style of investing is best? Isn't technical trading just gambling? Isn't it impossible to predict the short term performance of a stock?
I would appreciate some feedback on these two questions from you guys.
I'm into network marketing right now, & probably the most outrageous putdown I've ever encountered was "My job's more high-paying than you business." This came from a call center agent. Arrogant a statement, don't you think?
Robert,
90% of the people following you don't get it.
look it's so easy they just don't realize it..
i set up a call center last week and a marketing plan.
In the Cashflow Quadrant book... you mentioned it's important to first have a stable B business... to have a better chance at taking cash flowing investing opportunities. That was your strong advise: to become a B... then an I...
But as the months roll by this year, ... it has been predicted through economists and even psychics that we're going to have a bumpier financial ride. Instead of being hasty in fear... should we still focus first on the B to build stronger foundations to invest in the I? Or... your other suggestion is to learn to find a B partner ... and/or learn how to become a very knowledgeable Investor. I'm testing the waters here currently...
It's true that you don't have to have money to make money to invest in real estate for cash flow. But a new business partner of mine argues, at the very beginning phases, you must have cash to begin with. Maybe so... but I'm hearing otherwise. Since money is knowledge... then wouldn't it be wise to learn and be open to other ways to make money with no money—the smart, wise and legal way?
I humbly admit it's easier for me to help brokers and investors find great deals here in the Caribbean, to learn and gain a few percentage of the profit ... just to find ways to pay and go to the very seminars that teach such clever methods in the first place.
Are there other methods of going about it? Not too fast to come crashing down... and not to slow either...
What is the best way to educate people about money and finances?
I ask such a question because I want to help people who I know that have money problems. Even when I tell people they should educate themselves about money, they just won't do it. This conspiracyofthrich.com site is FREE and they won't read it.
So many people are oblivious to what is going on. People don't understand that the dollar is going to lose a significant amount of value. People don't even get it when you (Robert Kiyosaki) tell them that precious metals like silver and gold is a good investment. I'm beginning to think for people who don't get it, it might be too late for them.
Maybe the only hope is to teach the youngsters who are in school now?
I love this Book!!!
My biggest question is when do you expect chapter 8 to come out.
Big Fan have read all your books, audio, worked with some advisors, been at few 3days (always in front row :) ) hit my Goals in big part thanks to both of you. Rich Dad book changed my principles in 98, Prophecy scared me but thanks to that book We began to prepare. Retire Young Retire Rich inspired us.
Both of you are an inspiration. Keep up the good work.
After reading your recent chapter it's even more excrutiatingly obvious just how much of a capital gains investor I've been. But is it too late for the likes of me... this my question.
In other words, from the position of someone who's already tanked - upside-down, beaten down, blind lost, vampired energy, no allies, over extended credit, assests still sinking like the titanic - is there any hope for the likes of us?
What do we focus on first? Where do we head from there?
While reading your words the sting of my life's situations were felt as you so poignantly pointed out so clearly all that I had been taught with your ten rules.
Beginnings aside, you can only go so far steeped in ignorance, before it really is your own darn fault.
Sir, I just want to thank you for being the person that has taken pity on me and bothered to clue me in on why I never seem to win.
This is not an easy moment for me, as I've bought that fairy tale hook, line, and sinker. The cold shock of seeing that the game is indeed as rigged as you say, leaves me precariously clutching to the cliff and wondering what do I do next?
I deeply Thank you for my own awakening, but now that I am awake, I can't describe what it is I see. I'm praying that you will belay me down from the high cliff of dreams and fairy tales and help me to see things through your eyes.
I now further await the elixir of your thoughtful words to now guide me from my new found estrangement from the Fairy Tale world. I mean to say, I feel a bit like Neo when he opted for the red pill.
Needless to say I look forward with all enthusiasm for your next chapter(s).
Mr. Kiyosaki, I know you have been actively operating Rich Dad Company to educate people about money and teach language of money via Cash Flow games and seminars by WIA. I have been to some of these programs and while agree that they are excellent form of education, I think this is not the best solution.
You have been a strong supporter of teaching financial education in schools. Then why not Rich Dad Education Company? Why can't it have a form of campaign to actively send out representatives to public schools and reach young adults about language of money?
I know this is more like what non-profit companies would do, and I think someone with the knowledge and the system(company) to teach holds this incredible opportunities to do this - someone like you.
Personally I think it would be an awesome idea to build solid Rich Dad College around the world where professors can teach students about stocks, bonds, real estates, and so on. From my current experience in university I think current colleges teach technical/professional skills, never in major of money.
So you have the choice. Either keep doing what you are doing now which is one of the greatest thing a person can do, or you can do something that can change the world entirely. I know this is my goal, how about you?
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?
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.
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
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
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
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 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 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.
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 read a lot of the Rich Dad Books. And would like to be financially free. But have come to a financial fork in the road because now I have lost my job.I want to take control over what I do today in order to change my financial destiny.After I lost my job I have realized that working for some one is not how I want to spend the rest of my life, Knowing that my income and the well being of my family servival is in the hands of some one else.I am frighten because working for some one means you no longer control your destiny or the out come some one else controls your life and how much freedom you can have. So the question I have is if you were in my shoes what detailed steps would you make/take so you would never have to fell that fear again,what would you do from the momment you lost you job to start your path to being financially free.PS thank you for taking the time to read my problem.Destn4gr8nes.
Bragging a bit here - but I believe I could be one of the best Cashflow 202 players out there. I timed myself, I can usually amass about $100k in capital in about 5 minutes, and then move onto the bigger, cashflow deals. I actually control my cashflow so that I can't get out of the ratrace, just so I can keep playing the fun part. I love the game, it teaches me heaps and I want more.
While playing one day, I wished that the real world could work this fast. I've recently taken a new train of thought on things, I don't see why it couldn't work in the real world.
What about a real, online game, with real stock, options and real estate opportunities. With real financiers,Real Stock brokers real Real estate agents.
It might sound a little crazy - but I think with the internet, it is very, very possible. I know how to buy, sell, trade and invest in the real world too - but lets face it, the real world is so much slower than the virtual world!
In Proverb 22:7 the Bible states that the rich rules over the poor, which truth you present in your new text. However, the next clause is that the borrower is servant to the lender. How can a Christian reconcile the fact that you differentiate between bad debt and good debt and himself acquire the latter? I want to be smart in the money game, but I want to be obedient to God's Word.
Are you familiar with the book called
Road To Serfdom?
F.A Hayek
Thank You
I would just like to hear more examples of past successes/failurs to guide me in my quest for financial freedom. I have learned so much from your books and can't get enough of what you can teach. I would like to know more!
I would like to know more about how you and Kim reached your low and climbed your way to the top. I really wannt to hear the story of the struggle and accomplishment.
Thanks for everything!
Hi Robert,
I recall from RDPD that you've been in the Philippines. I wonder if you're ever coming back here, or if you have plans to hold a seminar or talk here?
Regards,
Edrick (Manila, Philippines)
Dear Robert,
I have read your books unfortunately i have not been able to find any of your cashflow games in Bangalore, India.
Understanding the concepts is at one level but to gain first hand experience while playing the games would be more insightful.
Can you please guide me in this respect.
Thank You.
Kavita
Hi Robert,
While knowledge is the (new) money. What to do if governments keep on interfering with the free market? I am afraid that now, if you are financially smart, they will try to make it still nearly impossible to make money, since they regulate, tax on capital, debase your currency, restrict your freedom to invest (for example. Here in Belgium, you can't just buy property in order to rent out anymore, now, this is only for people that have got certifications in it... a real estate investor nowadays, must be granted a certification by the government. Older real estate investors are being attacked by these regulations so that then, the government, can take everything over and sell it to one of the huge real estate investors (like banks)... So basically, everything seems to work against people with entrepreneurship, financial knowledge... I hope this is not the beginning of what George Orwell depicted in his movie '1984'. Do you know a place where 'free market' is still applauded?
Thanks for this excellent initiative by the way. Which tool did you use to make this happen (writing chapters and giving the opportunity to the public to build the book with you by their comments..)
Bless you
Kurt
Robert,
I hope this question is appropriate for this forum. I just wrote my first book, entitled Empty Nest Egg: Why You Must Start Your Own Business NOW. In fact, I sent a gift copy to your office recently. How did you market RDPD in the very beginning? As I recall, you self-published it at first. Can you give me any tips for promoting mine?
Thanks!
Terry
tnoel@ilstu.edu
I have a comment:
You have saved my financial future! You are on my "people I must meet" list.
You made me a learning addict for the rest of my life. Often, reading this book, I had a pain in my heart about what's happening - it was hard to read. But it was a good grief - I am motivated to reach out and be an example!
Thank you million times!
Hey, Robert.
I really understand why most of people stay in average state. I'd followed your and your RichDad's advises about couple years and local people see mee in weird. I have found only one banker who is in same wave like me. And I feel like whole universum pusched me to ratrace. Where you find the courage or guts to keep track to your goals? How you manage it with Kim in "beat up Toyota"?
Getting in to this good business seems to need some kind of loneliness teamwork.
With best regards, Jarmo
Kia Ora Robert,
I am like one of your other correspondents. only on a low income & banks etc will not loan on low income. when I was working in Iraq they couldn't help for falling over themselves to get my money. half way through started reading your books & oh know being investing wrong. started changing to be cash flow positive. Only thing was contract finished too soon. so went from US$432 a day to NZ$12 an hour. after using equity to purchase items to hire out to bring in cash flow for business & other few ideas realized what I should of done. Had to sell two properties to keep head above water in meantime. in the end are for now relying on silver I bought going up. still are looking at other ways to increase cash flow to be able to invest. Any ideas in broad terms?
aiming to get options trading on track too.
Oh for the person re options in 202 only to buy not sell. remember with options to sell an option is extremely risky unless you use the right strategy & I am not sure you could figure that in the game. maybe in cash flow 303 that sort of trading could be introduced as needs a lot of study.
Hi Robert and thanks for all of your writings.
After investing is Phoenix and Oklahoma & Texas with Ken McElroy. Would you recomend investing in apartments in stronger economies like Texas & Oklahoma or waiting for areas of Arizona, California, and Nevada to show job growth then invest in these harder hit areas? Do you see another RTC being formed as an opportunity to purchase apartments?
Thanks again Robert.
Patrick Herbig
Hi Robert,
God bless your soul for being true to your purpose. "Financial Education for all Humanity"
God bless.
Robert, I just want to say, I think you are really awesome. I am trying to educate people as well and people won't even sign up for a free newsletter I offer them. I have had many hits, 4 people signed up. People are skeptics and hopeful that the economy will come back soon I suppose. Check this out, I am not even promoting my products, just trying to help people right now. The website is www.HowMoneyReallyWorks.com
This economy thing is not going to come back for a while. What are the stats right now 10 to 15 percent of the people do not have jobs - wrong. They are forgetting to number the part time people, the homeless people, the people whose unemployment ran out and the illegals who had jobs. The true numbers are probably (I am guessing here) 30% to 35% or more of the people in this country do not have a job. How long do you think that will take to recover? Years is the answer.
On top of that there is a massive amount of competition for jobs right now. People forget that a job only can hire 1 person at a time. The age of the entreprenuer is at hand.
James
Robert,
What do you think it will take for people to realize that our government has failed us, and will continue to fail in the future? I'm invloved in a MLM business and 1 thing I preach is the way to retire in 3-5 years using you inner you (passion) instead of working 30 years for the local governement and another 20 years for the fed gov. I have been called every name in the book because I said my son is the reason why I have no other choice but to be rich. Once I said I didnt want to work anymore, I was on the black list at work. Does the government have 90% of the people hypnotized?
I have two questions that I would like someone here to answer, perhaps Robert can answer them for me. My first question involves the concept of saving money. I've read a few of Kiyosaki's books, and he looks down on saving money. He says you should go in debt to make yourself rich.
I worked for a bank, and we would not loan money to those who were really low income or who had bad credit, which means, if you're poor enough, you can't go into debt to make yourself rich, or it is very difficult to do so. But if you have a job that pays, say $50,000 per year, and you're really frugal and save $24,000 of it annually, in three years you would have $72,000. If you have 72 grand and are debt free, "then" you can go in debt to make yourself rich, because the bank would be more than happy to loan you money for a cash flow deal.
But the bank will only loan it to you because you already have a bundle, and you are debt free. What I'm basically asking is, shouldn't saving money be good for the Middle Class and especially the poor, at least until they have enough cash on hand to borrow money to purchase an asset that produces cash flow? I understand why Robert doesn't save, he makes so much money he can simply purchase a cash flow producing asset, and use the bank's money. But a low income person doesn't have this option, it seems that saving money for them would be wise, at least at first.
My second question involves technical trading. In the game Cash Flow 202, you can put call and put options on stock. I usually make a lot of money doing put options. However, I read a book about Warren Buffet recently, and the book made no reference to him doing calls or puts. The book says that Buffet's formula is to "purchase stocks at below intrinsic value in order to maintain a margin safety. Buffet is also known for holding stocks for at least five years. But doesn't this mean that Buffet is "investing for the long term," which Kiyosaki seems to attack?
Given Buffet's enormous wealth, and the fact that the book I read makes no reference of him doing technical trading, which style of investing is best? Isn't technical trading just gambling? Isn't it impossible to predict the short term performance of a stock?
I would appreciate some feedback on these two questions from you guys.
I'm into network marketing right now, & probably the most outrageous putdown I've ever encountered was "My job's more high-paying than you business." This came from a call center agent. Arrogant a statement, don't you think?
Dear Robert,
GREAT CHAPTER (as usual). You make the complicated very easy to understand ... We have a new perspective on capital gains vs. ca$h flow.
A million thanks! (Maybe it should be 'A trillion thanks!' to account for inflation!) LOL
All the best!
Dave & Lisa
Robert,
90% of the people following you don't get it.
look it's so easy they just don't realize it..
i set up a call center last week and a marketing plan.
$4.00 = $31.00 dollars
it's ridiculuos
why ARE THESE losers buying a f***ing duplex
Dear Robert,
In the board game 202, we play option tradings. In the board game, there is only to BUY options, not to SELL options.
From this chapter, buying an option is for capital gain. What about selling an option? Is this for cash flow?
Can we teach our Cashflow Club members that buying an option is for capital gain, and selling an option is for cash flow?
Looking forward to hearing your thought.
Best regards,
Yasushi
Hi Robert,
In the Cashflow Quadrant book... you mentioned it's important to first have a stable B business... to have a better chance at taking cash flowing investing opportunities. That was your strong advise: to become a B... then an I...
But as the months roll by this year, ... it has been predicted through economists and even psychics that we're going to have a bumpier financial ride. Instead of being hasty in fear... should we still focus first on the B to build stronger foundations to invest in the I? Or... your other suggestion is to learn to find a B partner ... and/or learn how to become a very knowledgeable Investor. I'm testing the waters here currently...
It's true that you don't have to have money to make money to invest in real estate for cash flow. But a new business partner of mine argues, at the very beginning phases, you must have cash to begin with. Maybe so... but I'm hearing otherwise. Since money is knowledge... then wouldn't it be wise to learn and be open to other ways to make money with no money—the smart, wise and legal way?
I humbly admit it's easier for me to help brokers and investors find great deals here in the Caribbean, to learn and gain a few percentage of the profit ... just to find ways to pay and go to the very seminars that teach such clever methods in the first place.
Are there other methods of going about it? Not too fast to come crashing down... and not to slow either...
My question to Robert,
What is the best way to educate people about money and finances?
I ask such a question because I want to help people who I know that have money problems. Even when I tell people they should educate themselves about money, they just won't do it. This conspiracyofthrich.com site is FREE and they won't read it.
So many people are oblivious to what is going on. People don't understand that the dollar is going to lose a significant amount of value. People don't even get it when you (Robert Kiyosaki) tell them that precious metals like silver and gold is a good investment. I'm beginning to think for people who don't get it, it might be too late for them.
Maybe the only hope is to teach the youngsters who are in school now?
-Yoshi
I love this Book!!!
My biggest question is when do you expect chapter 8 to come out.
Big Fan have read all your books, audio, worked with some advisors, been at few 3days (always in front row :) ) hit my Goals in big part thanks to both of you. Rich Dad book changed my principles in 98, Prophecy scared me but thanks to that book We began to prepare. Retire Young Retire Rich inspired us.
Both of you are an inspiration. Keep up the good work.
Thank You for changing our lives.
After reading your recent chapter it's even more excrutiatingly obvious just how much of a capital gains investor I've been. But is it too late for the likes of me... this my question.
In other words, from the position of someone who's already tanked - upside-down, beaten down, blind lost, vampired energy, no allies, over extended credit, assests still sinking like the titanic - is there any hope for the likes of us?
What do we focus on first? Where do we head from there?
Is it better to pay myself through dividend income or some other form of payment.
Dear Sir,
While reading your words the sting of my life's situations were felt as you so poignantly pointed out so clearly all that I had been taught with your ten rules.
Beginnings aside, you can only go so far steeped in ignorance, before it really is your own darn fault.
Sir, I just want to thank you for being the person that has taken pity on me and bothered to clue me in on why I never seem to win.
This is not an easy moment for me, as I've bought that fairy tale hook, line, and sinker. The cold shock of seeing that the game is indeed as rigged as you say, leaves me precariously clutching to the cliff and wondering what do I do next?
I deeply Thank you for my own awakening, but now that I am awake, I can't describe what it is I see. I'm praying that you will belay me down from the high cliff of dreams and fairy tales and help me to see things through your eyes.
I now further await the elixir of your thoughtful words to now guide me from my new found estrangement from the Fairy Tale world. I mean to say, I feel a bit like Neo when he opted for the red pill.
Needless to say I look forward with all enthusiasm for your next chapter(s).
Mr. Kiyosaki, I know you have been actively operating Rich Dad Company to educate people about money and teach language of money via Cash Flow games and seminars by WIA. I have been to some of these programs and while agree that they are excellent form of education, I think this is not the best solution.
You have been a strong supporter of teaching financial education in schools. Then why not Rich Dad Education Company? Why can't it have a form of campaign to actively send out representatives to public schools and reach young adults about language of money?
I know this is more like what non-profit companies would do, and I think someone with the knowledge and the system(company) to teach holds this incredible opportunities to do this - someone like you.
Personally I think it would be an awesome idea to build solid Rich Dad College around the world where professors can teach students about stocks, bonds, real estates, and so on. From my current experience in university I think current colleges teach technical/professional skills, never in major of money.
So you have the choice. Either keep doing what you are doing now which is one of the greatest thing a person can do, or you can do something that can change the world entirely. I know this is my goal, how about you?