Robert Kiyosaki, author of bestseller Rich Dad Poor Dad as well as 25 others financial guide books, has spent his career working as a financial educator, entrepreneur, successful investor, real estate mogul, and motivational speaker, all while running the Rich Dad Company.
When I began to study the relationship between the cycles of the stock market and the cycles of the commodities market while a student on board the ships during my sea year. One of the things I learned was that when stocks are high, start moving out of the market and begin looking for the next market. The lesson is, markets move on as time marches on. Investing for the long term, buying, holding, and praying, is ridiculous advice when the market is changing directions or changing cycles, such as the cycle change from stocks to commodities.
Living a full life and being financially successful means you have to not just work hard but you also have to work hard on the right things. This should be a complete picture of who you are and who you want to be. Work hard at your relationships, your family, your health, your mind, and education, and yes, your work itself. If you’re only working hard at one area of your life, you’re lazy in all the others. If that rings true for you, you must overcome laziness to become rich in terms of both money and life.
Today’s invisible economy presents a growing problem for governments because governments are by-products of the Industrial Age. The government is trying to collect taxes and define borders for the invisible economy of the Information Age. This problem for governments will grow if the invisible economy becomes too big, and the government cannot collect taxes...or define borders.
Many people don’t realize how expensive retirement is. Today, many who’ve reached retirement age are bagging groceries to make ends meet, and that is still not enough.The good news about a wake-up call is that it also presents an opportunity. Before you get too far down the path of financial ruin, take the time to honestly assess your financial position...
Most of us know taxes are our greatest expense. Yet most people choose to ignore the subject of tax. They choose to be ignorant, then get angry at people like Donald Trump who know how to make money and pay less in taxes—legally. Without financial education, most people are financially ignorant about taxes. Many of these people vote for politicians who promise to “tax the rich.” Then they wonder why their taxes keep going up. The problem is not taxes; the problem is spending.
The 401(k) shifted the responsibility of an employee’s retirement from the employer to the employee. If the employee ran out of money or lost money in a crash, the corporation was no longer responsible to pay the employee a paycheck for life. In 1978, millions of baby boomers suddenly became passive investors without any financial education.
Security and freedom are not the same ideals. People who seek security are very, very different from those who seek freedom. It means having the ability to take risks and the understanding that our decisions have consequences that we must face—and rewards that we can enjoy.
Doing what successful people do is easy. One of the reasons there are wealthy people who didn't do well in school is because the "do" part of becoming wealthy is simple. You don't have to go to school to become rich. The "do" part of becoming rich is not rocket science...
In 1971, President Richard Nixon took the U.S. dollar off the gold standard. The result? Savers became losers, and debtors became winners. When the U.S. dollar stopped being real money and when governments print money, savings lose value.
In the U.S. today, there is a growing trend of Americans leaving the country altogether by obtaining dual citizenship. Everyone is trying to figure out what's true and what's not true, what's real, what's not real, and many are concerned that we are losing more and more of our freedoms, more and more of our liberties, and getting more taxes forced upon us.