After reading your new online book I decided to add a revenue stream. I joined travita. I did so from the point of view that an annuity at my age that would provide $1,000 a month for 5 years which is what would pay all my current bills would cost around $52,000 or $186,713 for life. Based on some averages that i have gathered from people i know in the business I would need 530 customers on my first tier that can be purchased for $50 each. This would be $26,500 and is supposed to pay for life or as long as the customers keep buying. At this time i do not have $26,500 so what i did is purchased 50 customers and set the rollover at 100%. Based on the averages I should be to get at least 1 new customer per month and probably 2. Of course this number will increase as the total number of customers I have increases. I also plan to purchase new customers on a monthly basis until my total reaches the magic number of 530 customers. Without me having to recruit a single person that should get me to my $1,000 per month for my lifetime or the companies lifetime which ever is less. If Travita lasts longer than I do then my kids will inherit the business which is not possible with an annuity. If i do actually recruit any one then that would be gravy.
Can anyone see a flaw in my logic except for the fact that any company can fold at any time?
Robert.Free goverment federal grant for investors that will help people in need of a home.Affortable to rent. I think I have to form a 501c3 nonprofit corporation before I can apply for a federal grant.I want, A Development federal grant. I have a lot of Land.And I want to develop build, Apartment Houses for people in need. Help Moderate to Low -income people.Help The person with Aids, or Elderly people, and with Disabilities. Can the goverment help? I have city water in the area. But I dont have the city sewer in the area.What should I do?
Robert.
My Husband say I dont know financial littercy.What is that I heed to know to have financial litercy.? And how do I know I have financial literacy? What I need to know to become a financil litercy person?
When will I know, I have financial literacy?
And feel good about myself.No matter what prople say.
Nancy Burch.
Where can I find rich people? And how can I became part of the them?
Where they are? IF you want to learn how to swim you go to the pool and meet swimmers. or better then that you be part of the swimteam.
But where can I find a rich person and be part of there team?
Or better then that a mentor, or a couch to teach me?How to become rich? Maybe I should start with Rich dad coach.
Where are the rich? how to make them like us? Even If I dont have what they have? Yet.
Robert, you said that if you want to be a mechanic hang with mechanics, if you want to be a teacher, hang around with teachers....when one chooses to be rich...how does one go about finding the opportunity to be exposed to the circles of the rich????
After reading through this book, I have a simple question.
Theoretically, where people and jobs flow, cash flows to. However, how does one actually follow them? Money is definitely flowing out of America, but how do I figure out where it's going?
I have found a few properties in our small town already completed for rental. The seller decided he no longer wants to deal with rentals. I have put in the numbers and I am going to make a second offer. But my biggest obstical is the financing. I will have to most likely use a hard money lender. But the housing costs or values in our area are not large money, but there is still room for pos cash flow. These would be considered small investments for a private lender and I do not know if I can locate one at the interest I can swing with the numbers with 100% financing at this time.
You say in future America is going to have rich and poor, and middle class is going to wipe out. If that happens do you think you be able to get people to occupy your 1400 apartments where you will be able to get a cash flow every month? If this happens what is your strategy?
i am a nigerian and i reside in the capital called abuja, before i started reading this book,some years back i had always thought of leaving my country but then i thought of so many issues that had to do with life and survival and began to realise that my country is a virgin land with lots of opotinuities to explore,but when you are in an environment with the system almost not working right,one begins to realise that you are allowing the looser in you to make most of the judgements and decisions for you, just for the fact that the system is not right,instead of making good use of the opotinuities around you.for example when i was trying to register on your web site the server kept going on and off and it got to a time that i wanted to give up,but something in me said wait a minute this is exactly what this man is talking abaut but i refuse to allow the looser in me to take charge.
i am a nigerian and i reside in the capital called abuja, before i started reading this book,some years back i had always thought of leaving my country but then i thought of so many issues that had to do with life and survival and began to realise that my country is a virgin land with lots of opotinuities to explore,but when you are in an environment with the system almost not working right,i began to realise that one begins to allow the looser in you to make most of the judgements for just for the fact that the system is not right,instead of making good use of the opotinuities around you.for example when i was trying to register on your web site the server kept going on and of and it got to a time that i wanted to give up,but something in e said wait a minute this is exactly what this man is talking abaut but i refuse to allow the looser in me to take charge.
I took most of my money and bought a nice house.(I live in Sweden) I have about 300 000 invested plus a loan for 400 000.
What do you think is the best thing to do?
Do I keep on going and hope that the housing market will not be affected so that the property holds its value or is it smarter to sell and buy silver for my money and start looking for a rentel home insted?
Thank's for your help and thank you for what you have done so far, great stuff :)
I would love to get the loser in me out of the way and be succesfull especially in the B and I quadrants because i know all this can bring me more financial stability and allow progress. Anyhow,I would like to go to college and learn fashion and then take that to the next level,become an enterpreneour. How do i know if keeping my job as an insurance agent (where i am challenged some)is better than trying to do all this when i need money shouldnt take out loans for school and have mouths to feed! please help asap
Obviously every situation is different and without full disclosure it's not always easy to advise on a stupid financial question. With that said, here goes. I own 3.1 Million in Real Estate and I owe 1.5 Million. Like everyone else I've lost in the legalized financial gambling Stock Market and Mutual fund mess. So, in order to increase cash flow, is it worth cashing in one's 401K with the 10% penalty, to payoff one of the Real Estate Holding. Obviously we would have a instant increase in cash flow. In addition with the government getting ready to tax the snot out of everyone making over $250K per year gross, I find it hard to report all my rental income if you know what I mean.
Hello Mr. Kiyoski,
I have a question for you. To attain wealth man goes on searching solutions to his desires. I have a habit of reading more and more techniques to achieve wealth in the stock markets. I am only 17 right now. I know probably you might say that i am still too young to say that, but my question is that when can i tell myself to stop and stick to one principle. As you have mentioned in chapter three that the world is changing at great speeds, i would like to ask you that in order to do that i keep changing my trading principles to overcome the loser in me which tells me that what i am doing will make me to lose out on money by trading. The winner in me just wants me to beat it but sometimes it loses out of hope. What should i do to come to a conclusion.
P.S. Can you yourself hold a workshop in Pune, India as i would like to attend one of them.
How do I help others that don't seem to get it? i.e. friends who are in financial difficulty, or have the "poor me" mentality, or friends/relatives that think they are in okay shape and that someone will take care of them.
I always appreciate your financial intelligence and I have applied what you said in your books to my life. I used to work as a banker and thought that how to have a cashflow like the way a bank does. The quadrant "I" is what I choose.
Well, I do agree that learning how to make my own mint can help better my own economic status and I prove it's true but what do you think about living and earning sufficiently as all money we have cannot be brought along with us after death--just being sufficient?
PROJECT NO. 1 Stupid Questions and a Stupid Answer
Here is one for your Project No. 1 Robert:
Q. Should I save in a UK Pension Plan? (Asked by a 45 year old)
A. If you don't have enough in your Pension Plan or you don't save in one, the Government will give you a Pension when you're 60 (for a woman) or 65 (for a man).
Note: The present Government are talking about us working till we're 70 though nothing is agreed yet.
I believe we create our own futures, not leave it up to others!
Thanks for a wonderful and fun interactive eBook!
Telea Juna
my question to you and anyone of your caliber (like the Donald) is what do you do for fun and when and how long do you allow yourself to do it? It seems like your always 'ON". What do you do to recharge/relax/refresh and how does it help you suceed?
You write about good debt vs bad debt, and as one who stayed out of debt for decades, I agree. But as I read about Obama printing trillions of new dollars and in studying your insights on the ramifications of this, I am wondering: Isn't all debt good debt in this economy?
I don't mean stocking up on liabilities, but say, if I could utilize one of the many 0% credit card offers (though they always have a 3% fee up-front) and exchanged those dollars for gold or silver, wouldn't I come out ahead? I could pay back the debt over time, using increasingly devalued dollars -- and perhaps even stretch it into the period of hyperinflation -- and my future exchange rate and/or income in new dollars would more easily pay off the debt. Is there a problem with this logic?
I just returned yesterday from a Cancun/Playa del Carmen in Mexico.
While over there, I went with my girlfriend to an aquatic park called Xel-Ha. At Xel-HA there is a cliff that lets you "jump in" and land about 30-40 feet into the water. I went up to the cliff and looked down. My knees were shaking the more I looked down at the water below. The loser in me wanted to turn back but I thought "this is my last day in Cancun and I will regret not having jumped on this cliff if I don't do it". With much fear, I stopped looking at the water below and just jumped in.
After I landed in the water and recovered afloat, I was "exhilirated" to having jumped in! Unfortunately, my girlfriend did not catch the action with the camera so I went back up the cliff 4 more times until she got the shot (picture). I was still afraid jumping in the next 4 times, but I was also exhilirated by the challenge and less fearful of the consequence.
In my real estate career as a wholesale investor, it is tough right now. I have 6 properties under contract that I still have not sold. But I can't fold in and just give up wholesale investing. I have to ask a different question.."How can I sell these properties? Am I targeting the right buyers/demographics for these properties? Am I offering the right price, right terms to get these deals sold?" But I can't stop. I have to keep moving. These tough economic times is a training ground for newbies like me. But I have to stop looking down at the water and be scared. I have to JUST JUMP IN!
In your new book,"Comspiracy....." Chapter no.3 you wrote you thought up something and eventually you did not have to pay for your college education and even the ticket for you return flight was paid for. What was it? How did you manage to do it?
Acknowledging the formative qualities of the environment we (people) grow up in, could it be a good idea to create an (online, perhaps?) environment in which people could experience and learn rich people's language? Maybe something like "Rich Dad's Dinner Table" By exposing ourselves repeatedly to the rich language we could train with the tough guys so to speak. Modeling on "Rich Dads and Moms" could be a daily practice which will help people develop and maintain a rich mindset.
My FIQ question is this: who would Donald Trump recommend I'd ask to mentor me when building an enterprise that brings the next generation of residential investment properties to a suburb near you?
Thank you Robert for taking the initiative to write COR. I am thoroughly enjoying the stretching of my inherited poor mind and the constant nurturing of my inner winner.
While reading Rich dad here is something worth sharing . In Pakistan we do not have laws as in U.S. we do have property tax however no social security taxes. We do have utility taxes as well as maintenance costs but house buying loans system is also not so enthusiastically prevailing. Also here we have considerably strong family systems thus it is felt that here owning a house is an asset. What is your expert opinion regarding this?
Standing on Shoulders of Giants I will achieve my goals
Hi Robert, My name is Gustavo Gomez. I am from Colombia, South America, I am applying for the coach program. I have one question for you and your team, how can I embrace this amazing moment for investing in the United States real estate market, not loosing my momentum, as a person who lives aoutside the states. I don't not how but I know I will do it...I am FOCUS... following my own course until success.
Thanks for helping me to see a better future, I can do it because I am standing on the shoulders of giants... you are one of those GIANTS... from my heart thanks.
Leisure Time vs working 24/7 and relationship to investments
I have been a big fan of Robert for over 10 years and what I have learned has changed my life forever and for that I am grateful. As I read story 3 I wonder if promoting a "24/7 work at it lifestyle" is really healthy. I have found that the more time I take off for quiet time my best investment ideas have given birth for some of my best and most profitable deals. Robert are you really saying to never have leisure time in order to make better investment decisions or are you wording it that way to inspire the masses that never take any action? I am a type "A" person and the years I worked 24/7 cost me relationships, poor financial decisions and almost my marriage and family. Developing balance has made my life so much better as well as making better financial decisions and coming up with some of the best money making ideas. This never would have happened in the old days with my old behavior nor would my health have withstood the old ways for much longer. Perhaps this should be explained or framed differently in your writings. Would love to have your views on this. Either way, thanks for all you & Kim have done to help mentor me to become a smarter and better investor!
Hi Robert,
Here's my really stupid money IQ question:
I'm from Israel. The Israeli government issues I.O.U certificates (I think they are called Bonds). That means that in exchange for my hard earned money the government commits to pay me a set percentage of the loan I gave it, once a year, for 5 or 10 years. But at the end of the loan period I don't get my money back (the initial loan). Can you explain this to me? Why would I want to loan my money under these conditions? Or do I miss some essential data?
Hello Robert,
I must say , it a great honour to have your most renowned financial books in cirulation. Actually my greatest worry is to know the effects and benefits of insurance in our system , particularly Africa.
I really have enjoyed the conspiracy of the rich series. Thank you very much for all your hard work to get it done and the bigger vision you have had for all of us.
I read awhile ago about how you and Kim had $50 to your names and spent it all on a hotel room and a bucket of chicken. Well the next morning inevitably came so what did you do?
I couldn't imagine what I would do if I had absolutely zero money.
I am a B at the core. My husband is an S at the core.
Our thinking was revolutionised be your teaching. But I still have to struggle with the do it yourselfer in him. In many ways we complement each other but my self esteem is weaker than his so being less assertive he directs the ship.
Left alone I might invest the shirt off my back but left alone my husband might sew the shirt himself. He is a talented, even gifted as a plumber, carpenter, electrician etc as hobbies as well as being a highly trained professional. S for SMART.
This is why we agreeed to let him leave his main Job and focus on the business that needs all the handyman skills that he has (and I don't) but I feel we would get ahead faster if we were not limited by his energy level and health and ability to take on more and failure to delegate.
He agrees he needs to delegate more but still cannot help micromanaging. (I do not work well with his micromanaging). No one can work well enough for him and further we do not want to let people into the inner workings of our business lest they run off with our ideas. (We live in a really small country. 1.5M people.
I have considered starting a MLM so I'd have my own creative space but we need to focus on the main business. (FOCUS- Follow one course until successful).
I often feel stifled by my lousy job that pays some of the bills so he is free to work on the business, The housework that is SO NOT MY ENVIRONMENT for me to thrive, The young kids that need me and the business for which I am barely skilled.... and where I am skilled or willing to develop skills like networking, promoting, strategic planning and advertising I feel so restricted.
So the question is do you and your wife ever feel at odds with each other? How do you get the space to grow personnally and investingly while you are just starting and need to concentrate your efforts to make it.
So what does one do if you are in a situation in which you are more or less stuck with losers, need to make them winners and the losers repeatedly resist being made into winners? It is also difficult to fire or get rid of the losers.
I have learned so much from you and I have heard you say 'be true to the process' & 'be true to who you are'. I've also heard you talk about the importance of teams and having the right team members. That being said-I must admit that I'm a do it yourself, if it is to be it's up to me type of person. I've been a contributing team member before however at the core I would have to say I'm a do it yourselfer.
I'm also a rich dad insider and have found the information there to be an absolute treasure for someone like me.
My question to you is do you know of any other environment where a person like me can thrive in?
I have understood the importance of surrounding myself with likeminded individuals for many years. Other than seminars and network marketing, (which I have participated in for many years), do you have other suggestions of where I can find these go-getting individuals? I find this aspect of my life the most frustrating. I'm considering starting my own Cash Flow Club when I return home from my extended world travels as I feel that I really need to take this to another level. Any other suggestions that you have would be very welcome.
Love your work, have learnt so much. Can see myself teaching like you one day. :)
I've numerously asked this question on many of the discussion topics, even time magazines 10 questions for Robert. What inspired Robert to name the this book Conspiracy of the Rich?
Although I support the information that he reports, I do not believe that is the real rich that created this economic problem. Rich people do not operate from a poor mindset, and so why would they have a need to create a conspiracy against a poor-person's mindset. Since I believe in the law of attraction that like thinking attracts like thinking, I find it really hard to believe that the rich are generators poor psychological/econmic conditions. If anything, I believe that real rich devote their time to creating opportunites that elevate the well-being of universal consciousness.
Hi Mr. Robert,
i've heard your podcast & your video.
I want to ask you why you suggest us to invest Silver
what's wrong with platinum (because you said one of the reason silver is it used to computer / electronic device, but platinum is more useful in computer / electronic device)
I have invested in two seperate commercial buildings. They were excellent value investments, but the market has slowed down and I am the one now paying the mortgages. We have put adds in the paper, hired brokers to find renters, and talked to everyone we know who might be looking for a place to put a business.
what should I do now? What is the most effective means of finding renters. I don't have the personal cash flow to buy another building and keep going, what do you suggest?
I understand how gold once backed our currrency. If debt now backs our currency, what good is our government's word that the tax payer will continue to pay off foreign loans with a worthless piece of paper. I am confused as how this can legitimitely work.
I posted my question yesterday. But I felt like I have to be clear on my point here.
How can I, a nobody, not a celebraty, not a rich woman yet, following the teachers of Rich Dad and all the advisors that I seek out, become rich beyond my wildest dream?
Did you ever doubt the formula but still doing what are supposed to be done?
Hi, Robert,
I am not able to access the video (b/c of slow internet).
But my question to you is, how do I achieve my goal and it is a big goal when I am a nobody? Not a celebrity, not graduated from well known university, actually, I did not even graduate yet, and how do I BELIEVE that I could be the person I pictured in mind and achieve my goal?
They say “When America sneezes, Britain catch the cold” In terms of the collapse of the U.S financial economy, do you think that Britain is following the same strategy that is currently happening in the U.S?
Q:2 The Federal Reserve is the U.S private Bank, do they control England banking systems as well or do you know from research if we have our own ones and the name of it?
After reading your new online book I decided to add a revenue stream. I joined travita. I did so from the point of view that an annuity at my age that would provide $1,000 a month for 5 years which is what would pay all my current bills would cost around $52,000 or $186,713 for life. Based on some averages that i have gathered from people i know in the business I would need 530 customers on my first tier that can be purchased for $50 each. This would be $26,500 and is supposed to pay for life or as long as the customers keep buying. At this time i do not have $26,500 so what i did is purchased 50 customers and set the rollover at 100%. Based on the averages I should be to get at least 1 new customer per month and probably 2. Of course this number will increase as the total number of customers I have increases. I also plan to purchase new customers on a monthly basis until my total reaches the magic number of 530 customers. Without me having to recruit a single person that should get me to my $1,000 per month for my lifetime or the companies lifetime which ever is less. If Travita lasts longer than I do then my kids will inherit the business which is not possible with an annuity. If i do actually recruit any one then that would be gravy.
Can anyone see a flaw in my logic except for the fact that any company can fold at any time?
Robert.Free goverment federal grant for investors that will help people in need of a home.Affortable to rent. I think I have to form a 501c3 nonprofit corporation before I can apply for a federal grant.I want, A Development federal grant. I have a lot of Land.And I want to develop build, Apartment Houses for people in need. Help Moderate to Low -income people.Help The person with Aids, or Elderly people, and with Disabilities. Can the goverment help? I have city water in the area. But I dont have the city sewer in the area.What should I do?
Thank you Nancy Burch.
Robert.
My Husband say I dont know financial littercy.What is that I heed to know to have financial litercy.? And how do I know I have financial literacy? What I need to know to become a financil litercy person?
When will I know, I have financial literacy?
And feel good about myself.No matter what prople say.
Nancy Burch.
Where can I find rich people? And how can I became part of the them?
Where they are? IF you want to learn how to swim you go to the pool and meet swimmers. or better then that you be part of the swimteam.
But where can I find a rich person and be part of there team?
Or better then that a mentor, or a couch to teach me?How to become rich? Maybe I should start with Rich dad coach.
Where are the rich? how to make them like us? Even If I dont have what they have? Yet.
How much money do I need Passive, or income,to buy a franchise B
guatran bussine?
Robert, you said that if you want to be a mechanic hang with mechanics, if you want to be a teacher, hang around with teachers....when one chooses to be rich...how does one go about finding the opportunity to be exposed to the circles of the rich????
After reading through this book, I have a simple question.
Theoretically, where people and jobs flow, cash flows to. However, how does one actually follow them? Money is definitely flowing out of America, but how do I figure out where it's going?
I have found a few properties in our small town already completed for rental. The seller decided he no longer wants to deal with rentals. I have put in the numbers and I am going to make a second offer. But my biggest obstical is the financing. I will have to most likely use a hard money lender. But the housing costs or values in our area are not large money, but there is still room for pos cash flow. These would be considered small investments for a private lender and I do not know if I can locate one at the interest I can swing with the numbers with 100% financing at this time.
You say in future America is going to have rich and poor, and middle class is going to wipe out. If that happens do you think you be able to get people to occupy your 1400 apartments where you will be able to get a cash flow every month? If this happens what is your strategy?
how and when can i ever start with nothing
A combination?
Do you think there is a single derivative that controls the others?
i am a nigerian and i reside in the capital called abuja, before i started reading this book,some years back i had always thought of leaving my country but then i thought of so many issues that had to do with life and survival and began to realise that my country is a virgin land with lots of opotinuities to explore,but when you are in an environment with the system almost not working right,one begins to realise that you are allowing the looser in you to make most of the judgements and decisions for you, just for the fact that the system is not right,instead of making good use of the opotinuities around you.for example when i was trying to register on your web site the server kept going on and off and it got to a time that i wanted to give up,but something in me said wait a minute this is exactly what this man is talking abaut but i refuse to allow the looser in me to take charge.
i am a nigerian and i reside in the capital called abuja, before i started reading this book,some years back i had always thought of leaving my country but then i thought of so many issues that had to do with life and survival and began to realise that my country is a virgin land with lots of opotinuities to explore,but when you are in an environment with the system almost not working right,i began to realise that one begins to allow the looser in you to make most of the judgements for just for the fact that the system is not right,instead of making good use of the opotinuities around you.for example when i was trying to register on your web site the server kept going on and of and it got to a time that i wanted to give up,but something in e said wait a minute this is exactly what this man is talking abaut but i refuse to allow the looser in me to take charge.
Hi
I took most of my money and bought a nice house.(I live in Sweden) I have about 300 000 invested plus a loan for 400 000.
What do you think is the best thing to do?
Do I keep on going and hope that the housing market will not be affected so that the property holds its value or is it smarter to sell and buy silver for my money and start looking for a rentel home insted?
Thank's for your help and thank you for what you have done so far, great stuff :)
Best
/Jonas
What happens during hyperinflation? What happens afterward?
I would love to get the loser in me out of the way and be succesfull especially in the B and I quadrants because i know all this can bring me more financial stability and allow progress. Anyhow,I would like to go to college and learn fashion and then take that to the next level,become an enterpreneour. How do i know if keeping my job as an insurance agent (where i am challenged some)is better than trying to do all this when i need money shouldnt take out loans for school and have mouths to feed! please help asap
Robert,
Obviously every situation is different and without full disclosure it's not always easy to advise on a stupid financial question. With that said, here goes. I own 3.1 Million in Real Estate and I owe 1.5 Million. Like everyone else I've lost in the legalized financial gambling Stock Market and Mutual fund mess. So, in order to increase cash flow, is it worth cashing in one's 401K with the 10% penalty, to payoff one of the Real Estate Holding. Obviously we would have a instant increase in cash flow. In addition with the government getting ready to tax the snot out of everyone making over $250K per year gross, I find it hard to report all my rental income if you know what I mean.
Hello Mr. Kiyoski,
I have a question for you. To attain wealth man goes on searching solutions to his desires. I have a habit of reading more and more techniques to achieve wealth in the stock markets. I am only 17 right now. I know probably you might say that i am still too young to say that, but my question is that when can i tell myself to stop and stick to one principle. As you have mentioned in chapter three that the world is changing at great speeds, i would like to ask you that in order to do that i keep changing my trading principles to overcome the loser in me which tells me that what i am doing will make me to lose out on money by trading. The winner in me just wants me to beat it but sometimes it loses out of hope. What should i do to come to a conclusion.
P.S. Can you yourself hold a workshop in Pune, India as i would like to attend one of them.
How do I help others that don't seem to get it? i.e. friends who are in financial difficulty, or have the "poor me" mentality, or friends/relatives that think they are in okay shape and that someone will take care of them.
I always appreciate your financial intelligence and I have applied what you said in your books to my life. I used to work as a banker and thought that how to have a cashflow like the way a bank does. The quadrant "I" is what I choose.
Well, I do agree that learning how to make my own mint can help better my own economic status and I prove it's true but what do you think about living and earning sufficiently as all money we have cannot be brought along with us after death--just being sufficient?
Here is one for your Project No. 1 Robert:
Q. Should I save in a UK Pension Plan? (Asked by a 45 year old)
A. If you don't have enough in your Pension Plan or you don't save in one, the Government will give you a Pension when you're 60 (for a woman) or 65 (for a man).
Note: The present Government are talking about us working till we're 70 though nothing is agreed yet.
I believe we create our own futures, not leave it up to others!
Thanks for a wonderful and fun interactive eBook!
Telea Juna
my question to you and anyone of your caliber (like the Donald) is what do you do for fun and when and how long do you allow yourself to do it? It seems like your always 'ON". What do you do to recharge/relax/refresh and how does it help you suceed?
You write about good debt vs bad debt, and as one who stayed out of debt for decades, I agree. But as I read about Obama printing trillions of new dollars and in studying your insights on the ramifications of this, I am wondering: Isn't all debt good debt in this economy?
I don't mean stocking up on liabilities, but say, if I could utilize one of the many 0% credit card offers (though they always have a 3% fee up-front) and exchanged those dollars for gold or silver, wouldn't I come out ahead? I could pay back the debt over time, using increasingly devalued dollars -- and perhaps even stretch it into the period of hyperinflation -- and my future exchange rate and/or income in new dollars would more easily pay off the debt. Is there a problem with this logic?
I just returned yesterday from a Cancun/Playa del Carmen in Mexico.
While over there, I went with my girlfriend to an aquatic park called Xel-Ha. At Xel-HA there is a cliff that lets you "jump in" and land about 30-40 feet into the water. I went up to the cliff and looked down. My knees were shaking the more I looked down at the water below. The loser in me wanted to turn back but I thought "this is my last day in Cancun and I will regret not having jumped on this cliff if I don't do it". With much fear, I stopped looking at the water below and just jumped in.
After I landed in the water and recovered afloat, I was "exhilirated" to having jumped in! Unfortunately, my girlfriend did not catch the action with the camera so I went back up the cliff 4 more times until she got the shot (picture). I was still afraid jumping in the next 4 times, but I was also exhilirated by the challenge and less fearful of the consequence.
In my real estate career as a wholesale investor, it is tough right now. I have 6 properties under contract that I still have not sold. But I can't fold in and just give up wholesale investing. I have to ask a different question.."How can I sell these properties? Am I targeting the right buyers/demographics for these properties? Am I offering the right price, right terms to get these deals sold?" But I can't stop. I have to keep moving. These tough economic times is a training ground for newbies like me. But I have to stop looking down at the water and be scared. I have to JUST JUMP IN!
If your financial life was played out in the comic strip world, which comic book character would you prefer to partner/invest with and why?
a. Superman
b. Batman
c. Spiderman
In your new book,"Comspiracy....." Chapter no.3 you wrote you thought up something and eventually you did not have to pay for your college education and even the ticket for you return flight was paid for. What was it? How did you manage to do it?
Hi Robert,
Acknowledging the formative qualities of the environment we (people) grow up in, could it be a good idea to create an (online, perhaps?) environment in which people could experience and learn rich people's language? Maybe something like "Rich Dad's Dinner Table" By exposing ourselves repeatedly to the rich language we could train with the tough guys so to speak. Modeling on "Rich Dads and Moms" could be a daily practice which will help people develop and maintain a rich mindset.
My FIQ question is this: who would Donald Trump recommend I'd ask to mentor me when building an enterprise that brings the next generation of residential investment properties to a suburb near you?
Thank you Robert for taking the initiative to write COR. I am thoroughly enjoying the stretching of my inherited poor mind and the constant nurturing of my inner winner.
With kind regards
Dimitri Frost
Robert,
Where will your stupid financial questions segment be posted? on this website, a news publication or on your website at richdad?
thanks...
While reading Rich dad here is something worth sharing . In Pakistan we do not have laws as in U.S. we do have property tax however no social security taxes. We do have utility taxes as well as maintenance costs but house buying loans system is also not so enthusiastically prevailing. Also here we have considerably strong family systems thus it is felt that here owning a house is an asset. What is your expert opinion regarding this?
Hi Robert, My name is Gustavo Gomez. I am from Colombia, South America, I am applying for the coach program. I have one question for you and your team, how can I embrace this amazing moment for investing in the United States real estate market, not loosing my momentum, as a person who lives aoutside the states. I don't not how but I know I will do it...I am FOCUS... following my own course until success.
Thanks for helping me to see a better future, I can do it because I am standing on the shoulders of giants... you are one of those GIANTS... from my heart thanks.
COLOMBIA
I have been a big fan of Robert for over 10 years and what I have learned has changed my life forever and for that I am grateful. As I read story 3 I wonder if promoting a "24/7 work at it lifestyle" is really healthy. I have found that the more time I take off for quiet time my best investment ideas have given birth for some of my best and most profitable deals. Robert are you really saying to never have leisure time in order to make better investment decisions or are you wording it that way to inspire the masses that never take any action? I am a type "A" person and the years I worked 24/7 cost me relationships, poor financial decisions and almost my marriage and family. Developing balance has made my life so much better as well as making better financial decisions and coming up with some of the best money making ideas. This never would have happened in the old days with my old behavior nor would my health have withstood the old ways for much longer. Perhaps this should be explained or framed differently in your writings. Would love to have your views on this. Either way, thanks for all you & Kim have done to help mentor me to become a smarter and better investor!
Hi Robert,
Here's my really stupid money IQ question:
I'm from Israel. The Israeli government issues I.O.U certificates (I think they are called Bonds). That means that in exchange for my hard earned money the government commits to pay me a set percentage of the loan I gave it, once a year, for 5 or 10 years. But at the end of the loan period I don't get my money back (the initial loan). Can you explain this to me? Why would I want to loan my money under these conditions? Or do I miss some essential data?
Thank you,
Ariana
Hello Robert,
I must say , it a great honour to have your most renowned financial books in cirulation. Actually my greatest worry is to know the effects and benefits of insurance in our system , particularly Africa.
I really have enjoyed the conspiracy of the rich series. Thank you very much for all your hard work to get it done and the bigger vision you have had for all of us.
I read awhile ago about how you and Kim had $50 to your names and spent it all on a hotel room and a bucket of chicken. Well the next morning inevitably came so what did you do?
I couldn't imagine what I would do if I had absolutely zero money.
How do I find companies who buy inventions from people in the form of ideas or conceptual drawings? Thanks, Christina Rose
PS. Thanks for all your work. You and Kim are making a difference in the lives of many, including us.
I am a B at the core. My husband is an S at the core.
Our thinking was revolutionised be your teaching. But I still have to struggle with the do it yourselfer in him. In many ways we complement each other but my self esteem is weaker than his so being less assertive he directs the ship.
Left alone I might invest the shirt off my back but left alone my husband might sew the shirt himself. He is a talented, even gifted as a plumber, carpenter, electrician etc as hobbies as well as being a highly trained professional. S for SMART.
This is why we agreeed to let him leave his main Job and focus on the business that needs all the handyman skills that he has (and I don't) but I feel we would get ahead faster if we were not limited by his energy level and health and ability to take on more and failure to delegate.
He agrees he needs to delegate more but still cannot help micromanaging. (I do not work well with his micromanaging). No one can work well enough for him and further we do not want to let people into the inner workings of our business lest they run off with our ideas. (We live in a really small country. 1.5M people.
I have considered starting a MLM so I'd have my own creative space but we need to focus on the main business. (FOCUS- Follow one course until successful).
I often feel stifled by my lousy job that pays some of the bills so he is free to work on the business, The housework that is SO NOT MY ENVIRONMENT for me to thrive, The young kids that need me and the business for which I am barely skilled.... and where I am skilled or willing to develop skills like networking, promoting, strategic planning and advertising I feel so restricted.
So the question is do you and your wife ever feel at odds with each other? How do you get the space to grow personnally and investingly while you are just starting and need to concentrate your efforts to make it.
So what does one do if you are in a situation in which you are more or less stuck with losers, need to make them winners and the losers repeatedly resist being made into winners? It is also difficult to fire or get rid of the losers.
I have learned so much from you and I have heard you say 'be true to the process' & 'be true to who you are'. I've also heard you talk about the importance of teams and having the right team members. That being said-I must admit that I'm a do it yourself, if it is to be it's up to me type of person. I've been a contributing team member before however at the core I would have to say I'm a do it yourselfer.
I'm also a rich dad insider and have found the information there to be an absolute treasure for someone like me.
My question to you is do you know of any other environment where a person like me can thrive in?
Hi Robert
I have understood the importance of surrounding myself with likeminded individuals for many years. Other than seminars and network marketing, (which I have participated in for many years), do you have other suggestions of where I can find these go-getting individuals? I find this aspect of my life the most frustrating. I'm considering starting my own Cash Flow Club when I return home from my extended world travels as I feel that I really need to take this to another level. Any other suggestions that you have would be very welcome.
Love your work, have learnt so much. Can see myself teaching like you one day. :)
Carmen
Hello,
I've numerously asked this question on many of the discussion topics, even time magazines 10 questions for Robert. What inspired Robert to name the this book Conspiracy of the Rich?
Although I support the information that he reports, I do not believe that is the real rich that created this economic problem. Rich people do not operate from a poor mindset, and so why would they have a need to create a conspiracy against a poor-person's mindset. Since I believe in the law of attraction that like thinking attracts like thinking, I find it really hard to believe that the rich are generators poor psychological/econmic conditions. If anything, I believe that real rich devote their time to creating opportunites that elevate the well-being of universal consciousness.
Hi Robert,
I ask you one question:
1. Has it trust asset forever? The means," I trust asset forever."
If you answer question, send me:
Jessekevinsammak@yahoo.com.hk
http://jessekevinsammak.mysinablog.com
Hi Mr. Robert,
i've heard your podcast & your video.
I want to ask you why you suggest us to invest Silver
what's wrong with platinum (because you said one of the reason silver is it used to computer / electronic device, but platinum is more useful in computer / electronic device)
Thank you
Regards,
Soedibyo
Robert,
I have invested in two seperate commercial buildings. They were excellent value investments, but the market has slowed down and I am the one now paying the mortgages. We have put adds in the paper, hired brokers to find renters, and talked to everyone we know who might be looking for a place to put a business.
what should I do now? What is the most effective means of finding renters. I don't have the personal cash flow to buy another building and keep going, what do you suggest?
Thanks,
I'm a big fan!
Todd
I understand how gold once backed our currrency. If debt now backs our currency, what good is our government's word that the tax payer will continue to pay off foreign loans with a worthless piece of paper. I am confused as how this can legitimitely work.
Thank you and GOD BLESS
T. Major
Hello, Robert,
I posted my question yesterday. But I felt like I have to be clear on my point here.
How can I, a nobody, not a celebraty, not a rich woman yet, following the teachers of Rich Dad and all the advisors that I seek out, become rich beyond my wildest dream?
Did you ever doubt the formula but still doing what are supposed to be done?
Hi, Robert,
I am not able to access the video (b/c of slow internet).
But my question to you is, how do I achieve my goal and it is a big goal when I am a nobody? Not a celebrity, not graduated from well known university, actually, I did not even graduate yet, and how do I BELIEVE that I could be the person I pictured in mind and achieve my goal?
Thank you.
They say “When America sneezes, Britain catch the cold” In terms of the collapse of the U.S financial economy, do you think that Britain is following the same strategy that is currently happening in the U.S?
Q:2 The Federal Reserve is the U.S private Bank, do they control England banking systems as well or do you know from research if we have our own ones and the name of it?