Robert KiyosakiRobert Kiyosaki

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.


How Will You Pay for Your Property?

It’s not too soon to start thinking about how you’ll finance this investment. You’ll nail down financing in a later module, but for now you just need to start considering potential sources of funds. Take note of the following financing sources: Local banks, mortgage companies, and savings and loans. Private funds. • Assumable mortgages. •...

Establishing Your Criteria

Two of the most important things to keep in mind about properties are cash flow and appreciation. No matter what your level of experience, these should always be your two primary criteria. Keep your eyes peeled for areas that are up-and-coming. Real estate in general tends to appreciate over time, but you want to find...

Where Do You Begin?

You’ve set your monetary goals and established your timetable. Now you’re ready to start looking for properties. But what exactly are you looking for? And where do you find it? In this section, you’ll learn how to answer those questions for yourself just as rich dad would. First, you’ll learn how to figure out what...

Key Definitions

Fixer-upper: A property that needs renovation. FSBO: For Sale by Owner — a property being sold by its owner without a real estate professional’s services. Vacancy rate: A figure representing the annual percentage of units unrented or the percentage of time a single unit remains unrented during the year. Zoning laws: Regulations governing land use,...

Your Timetable

Setting a timetable for meeting your real estate goals is as important as setting those goals: You need to establish a schedule to keep yourself motivated and to mark your progress as you head toward making your first real estate deal. Set a firm date for getting started. Then give yourself anywhere from three to...

Your Plan – Financial and Real Estate Goals

Remember that real estate has one big advantage over most other investments. As inflation increases, as taxes increase, and as insurance increases, you may be able to raise your rents to offset these expenses. Your plan for investing in real estate is essentially simple: Follow the 100-10-3-1 Rule. No matter what type of real estate...

Secure? Comfortable? Or Rich?

After completing Module 2, you know where you stand financially. Now you’re ready to set your financial goals for investing in real estate, and to establish a plan for reaching those goals. In this section, you’ll calculate the target cash flow you’re setting for yourself, and you’ll specify a timetable for certain key objectives. The...

Key Definitions

Financial Freedom: According to Rich Dad you are financially free when your passive income equals or exceeds your monthly expenses. At this point you are out of the rat race—you no longer have to work for money because your money is working for you. Play Rich Dad’s CASHFLOW ® to experience the joy of escaping the...

Your Financial Statement

Now you’re ready to fill out your financial statement, to see where you stand today. Transfer totals for income and expenses from the worksheets in the previous sections and refer to the explanations in the following sections. Income The most important distinction is between income you have to work to earn (earned income), and income...

Take Control

Discipline is the key. To get rich you must take control of your finances, and that requires discipline—discipline to change your habits, discipline to take a realistic look at your personal financial health, and the discipline to learn when to ask for help to realize your financial goals. If you don’t have control over your...