RICH DAD POOR DAD MONEY MAGICIAN ASKS "What Is Financial IQ?"Financial IQ is the ability to learn a few rules and live by them.
by Robert Kiyosaki (additions by this poster gal, Anita Sands Hernandez)
THIS IS WHAT YOU CAN EARN THIS YEAR AND YOU
CAN LEAVE l00 TIMES THIS AMOUNT TO YOUR FAMILYWhen I was little, I thought if I were a millionaire I wouldn’t have any
more problems. Now that I am a multi-millionaire, I still have money
problems. My point is, rich or poor, we all have money problems. Let me
give you some examples of different money problems.1. Not enough money: People often come up to me and ask, 'How do I
invest if I do not have any money?' Obviously that is a problem. But it
is one that is easily answered. VENTURE CAPITALISTS are fiending
for good ideas! FIRST, brainstorm up ten inventions/ ideas or businesses
you think would work. NEXT Write your prospectus and carry it with you full time.
Cold call big tycoons, tell them that YOU HAVE THE NEXT BIG THING2. Deeply in debt? Today, millions of people are earning money, but
still sliding deeper into debt. Too much debt is another type of money
problem. BUDGETING is necessary, here and now. Thankfully it does
not take a lot of money to start a GUERILLA CAPITALISM BUSINESS
that engenders a lot of cash, and do it out of your own home!3. Not knowing what to do with their BUSINESS once it's up. That's easy.
MERCHANDISE YOURSELF.Not knowing what to do with that new cash flow. A question I am often
asked is, 'I have $10,000. What do you suggest I invest in?' My standard
reply is, 'if you have money and do not know what to do with it---keep
quiet.' My reason for saying this is because if you do not know what to
do with your money, there are many people who think they do and their
solution is to turn your money over to them. Warren Buffet once commented,
"it's odd that a lot of guys in Rolls Royces come to Wall Street to learn to
invest from bozos who come to work on the subway." GOOD POINT.
They hustle good, that's all the bozos do. STUDY INVESTING YOURSELF.
STOCKS are very risky, the market is fraught with hustle and lies. Insiders clean
up, the rest don't. BETTER is VENTURE CAPITALISM.
You have ideas, passions, interests. Along those lines, you will find your TRUE
talent. Maybe you were exposed to some business and didn't realize what you'd
seen when you were a minor cog working stiff. RE-EXAMINE your RESUME.
Find some kind of MERCANTILISM there. Analyze your INVENTIONS,
products you thought the world needed. THEN make a list of interesting SERVICEs.
Water is costly now, maybe a CV PIPE irrigation system is what we all need. That
gives you enough cash to buy a four unit building every year. Think up other services
that folks need, no matter how recessionary it gets.4. A BIG MISTAKE is Paying too much in taxes: Many people make a lot of money only to pay
more in taxes the more they earn. Taxes are our single largest expense.
Knowing how to make more money and pay less in taxes - legally --
requires a lot of financial intelligence. OR SOME SMART METHODS.5. Too much money: It may be hard to imagine, but being rich can be a
big problem. One problem is how to hang on to the money. EASY. BUY
CHEAP REAL ESTATE, four unit buildings being best. The second is
how to prevent friends and family from wasting your money. Another
problem is how to pass the wealth on to the next generation. And a big
problem is how not to spoil your kids with too much money.6. Knowing good from bad: Many people do not know good investments from
bad investments or good advice from bad advice. And what might be good
for one person might be very bad for another. Also, what might be legal
for one person may be illegal for another. Not knowing good from bad and
legal from illegal is a very big financial problem. STOCKS CAN BE DONE
and u can STUDY free AT THIS SITE. A PORTAL to all the big training
sites.7. Young versus old: Being young without money is not that serious of a
problem. If you are young, you still have time. Being old without money
is a much more serious problem. The older you are, the more important
financial intelligence becomes. But ENERGY becomes important, clarity
of thinking. HOLISTIC REJUVENATION INDEX PAGEIt's time to take charge of our financial futures by elevating our
financial knowledge. Seek to create a prosperity community in your
church basement one night a month, stimulate the money smarts, have
lecturers in, your community can be learning through people teaching
people. Then, we can all secure our futures. It's easy. Mainly it is
understanding the ways to become wealthy.8. COMMUNAL CAN WORK - Imagine four poor guys combining their
bank profile to get a loan on a four unit bldg. They paint it, re-do the plumbing
and rent it out. Now they each have a cash income. LAND TRUSTS are just
one good idea. Buying buildings in the slums and gentrifying them is another.Step 3: Is Your Home An Asset? It may be that your two thousand a month
payment is too steep. You can sell the home, buy a 4 unit, rent three units out
and live in the condo until you have that building paid off. Then sell all four
units, take that cash and buy TWO FOUR UNIT buildings. And so on.
THE ONE FAMILY HOUSE is a luxury that just shouldn't seem necessary
unless you garden there, raise food and get twice the use out of the space.Rich Dad's Wisdom:
* When looking at a financial statement, don't focus only on income.
"The expense column is the crystal ball to a person's financial future."'
- Rich Dad. EXPENSES have a lot to do with THE FRUGAL LIFESTYLE.
There's always a cheaper way to skin a cat.* Control your money...Control your life. 99% of human beings in wealthy
countries are trying to live the celeb lifestyle. GET CELEBS OUT OF YOUR
MIND. Get luxury living OUT too. Monastic, frugal lifestyle, brown rice and
Britta self made water, not bottled, Green salad that YOU GREW. That's the
way to live* Many people believe that if they get a higher-paying job, they will
become richer. In most cases, more money will not make a person with
poor spending habits rich. TO me, having a job just says, find a cottage
industry to do on weekends so you can LOSE THE JOB. Meanwhile,
Don't go crazy on food, entertainment, travel, clothing, eating out
or you will be back in povertyland, and maybe lose all you earned."I Learned To Get Rich Playing Monopoly."
When I was nine years old, my rich dad began my financial education by
playing the game of Monopoly. We played it over and over again. When I
asked him why we played the game so much, he simply said, "The formula
for great wealth is found on this board game."Most of us know the formula. It's four green houses, one red hotel.
"When you look at a deed from the Monopoly game, it is easy to see the
formula. The same numbers are shown in the CASHFLOW financial statement.
Same numbers, same message, different games." Robert KiyosakiThere is Good Debt and Bad Debt People with high financial IQs use debt
to make themselves rich. People with low financial IQs use debt to make
themselves poor. They justify credit cards and carrying a monthly balance
by this thought: "How would I live without plastic? I can't lose it!" That is
like the heroin addict saying " I need my needle." You can easily live with
the change in your pocket. Read CONFESSIONS OF A BOTTOM FEEDER.LAST, BEST: READ THE BOOKS THAT TEACH VENTURE CAPITAL SECRETS
Read biographies of the LIVES of the men who had those Money secrets. William Casey, Reagan's CIA head, was lace curtain Irish not Ivy League but an American who got a law degree & rose from the slums to multi millionaire in publishing his own books & pamphlets (on How to avoid taxes, loopholes etc. He was a tax lawyer) Then he did Venture Capital. Invested in ideas. Joseph Persico wrote the book that tells what he did, how he thought and lived. Casey had so much money and connections that the Reagan team sought him out to get RR elected and when CASEY did it, he became DCIA and sunk Nicaraguan progressive Somocistas. So beware of hanging with oligarchs, they convince you to be a fascist, that's the system that protects their interests and screws the little man. And from REAGAN ONWARDS, See HOW WORKERS GOT SCREWED.
* * * * * * * * * * * * * * * * * * * * * * * * *
Our POSTER is ANITA SANDS HERNANDEZ, Los Angeles Writer, Futurist, mother of 4 and career Astrologer. Catch up with her websites TRUTHS GOV WILL HIDE & NEVER TELL YOU, also The FUTURE, WHAT'S COMIN' AT YA! FRUGAL LIFE STYLE TIPS, HOW TO SURVIVE the COMING GREAT DEPRESSION, and Secrets of Nature, HOLISTIC, AFFORDABLE HEALING. Also ARTISANRY FOR EXPORT, EARN EUROS....* Anita is at astrology@earthlink.net ). Get a 35$ natal horoscope "my money/future life" reading now + copy horoscope as a Gif file graphic! No smarter, more accurate career reading out there!
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