Friday, March 27, 2009
Does Money Really Make You Rich?
Rich Dad Poor Dad author Robert Kiyosaki reveals the truth about money.
It is typical to grow up believing that if we studied hard, excelled in school and landed a good job, the fairytale of having a luxury car, a dream home and being able to live the good life would come true.
But the reality is, there are many people, including highly educated ones, who work hard for money and yet plunge deep into debt with every dollar earned.
Some take the short cut by placing bets on the lottery. While millionaires have been made overnight, they can become bankrupt just as quickly if they lose all of their winnings to extravagant lifestyles and frivolous spending.
Even today, the downward spiral of the real estate markets has completely shattered the dreams of ordinary people hoping to create wealth. It is worse for those who have been driven out of their dream homes and into the “poor house” as a result of property foreclosure.
Luxury cars, too, have become liabilities as fuel prices increase drastically and people are more concerned about survival than seeing their dreams come true.
It is your knowledge about money that makes your dreams come true
While the recent news over the mis-selling of investment products highlights the importance of financial literacy, it was my personal experience with gold that taught me to take financial education seriously.
Gold was my first real investment as a young adult. I invested in gold before I began my foray into real estate. In 1972, at the age of twenty-five, I bought gold coins when the price of the commodity was approximately $70 an ounce. By 1980, gold was valued at $800 an ounce.
My caution gave way to temptation when rousing speculations about a gold rush spread like wildfire. Gold prices were expected to skyrocket to about $2,500 an ounce! That sparked a buying frenzy among investors, who bought piles of gold, even though they had never done so before.
Instead of selling my gold coins to make an instant profit, I waited, like everyone else, hoping their value would go up. That proved to be an unwise decision. About a year later, prices plunged below $500 an ounce and I had no choice but to sell my last coin. The situation never improved and the value of gold finally bottomed out at $250 an ounce in 1999. In retrospect, many who speculated in gold when it was valued at $800 an ounce, lost huge amounts of money.
Although I was unable to take advantage of the high price of gold, that experience taught me priceless lessons about investing. I realised it wasn’t gold that was going to make me rich. It was the knowledge concerning that asset that ultimately determined if a person became rich or poor.
Having the best golf equipment does not make you the next Tiger Woods
A friend of mine is crazy about golf.
He spends thousands of dollars a year on the latest high-tech golf clubs and nearly every new gadget that arrives on the market. Despite being a fervent fan of the sport, he has never invested a single cent to improve his game. Not surprisingly, my friend’s golf performance remains the same today, although he owns some of the best equipment money can buy. Had he invested some money to upgrade his skills, he would certainly have risen from average to great.
In fact, that same crazy phenomenon occurs in the game of money. Billions of people have thrown their hard-earned savings into assets such as stocks and real estate, but few have ever invested in information that would help to improve their financial knowledge.
A powerful lesson to take home
Many believe that “only the rich become richer”, but that is not true.
Always remember this: it is not gold, real estate, stocks, mutual funds, businesses, or money that make you rich. It is what you KNOW – your financial IQ - about gold, real estate, stocks, hard work, and so on, that will make you rich!
Robert Kiyosaki
Learn how to increase your financial IQ and get smart with money. Meet Robert and his elite team of Rich Dad Advisors “LIVE” in Malaysia from 22nd – 24th May 2009 at The Mines International Exhibition & Convention Centre. Call Success Resources at 03-7801 2888 to register now as seats are filling fast. It will be one of the best investments you’ll make this year and will pay off for many years to come!
Labels: cash flow, finances, financial education, financial literacy, money management, rich dad advisors, rich dad education, Rich Dad Poor Dad, Robert Kiyosaki, Wealth Creation
Friday, March 20, 2009
Getting Out of the Rat Race!
A head count of more than 600 enthusiastic participants pitted their skills against one another as they raced towards financial freedom at one of Singapore’s largest money management contests.
While most people are whining about the gloomy financial situation, a large crowd of enthusiastic participants spent the last weekend trying to figure out ways to get out of the rat race.
Singapore’s Largest Cashflow Game Competition, organised by Success Resources, attracted participants from all walks of life, some of whom were as young as 10 years old.
What made it even more impressive was that the game was facilitated by Robert Kiyosaki’s Rich Dad Franchising Advisor - Kelly Ritchie and Rich Dad Asia Ambassador - Bellum Tan.
The participants formed groups of five and seven and pitted their financial know-how and skills against one another on the “Cashflow 101”, the board game created by Robert.
“Cashflow 101” was designed to help players instil good money management skills in their lives in a fun and interactive way. It uses simple concepts that teach the basics of investing and managing personal finances. The game also gives players ideas on how to earn passive income in order to get out of the rat race and achieve financial freedom.
The game is played in 2 stages – the rat race and the fast track. Participants aim to get out of the rat race by accumulating their monthly passive income to a level where it exceeds monthly expenses.
Once out of the rat race, the player moves to the fast track where he will attempt to realise his dream, which is a slot in the fast track that he has chosen at the start of the game, or achieve more than $50,000 worth of monthly passive income, in order to win the game.
During the game, the participants battled for the prizes which included tickets to seminars and a VIP pass to personally meet speakers.
While only 1 winner per team was declared on average, one group achieved the amazing record of producing a total of 3 winners, who were among the top 15 fastest players to get out of the rat race. On top of victory, they walked away with tickets to watch Robert and his elite team of Rich Dad Advisors “live” at the National Achievers’ Congress, which will be coming up in May.
Reflecting on the game, it is very encouraging to learn that Success Resources has spearheaded a meaningful initiative to raise the financial literacy level of Singapore. The overwhelming response last weekend also reveals the growing interest among Singaporeans to learn more about financial literacy.
It is not surprising, because in today’s up and down economy, it has become even more essential to learn how to sharpen our financial skills and confidently make informed decisions throughout our careers and lives.
Thanks to all involved who made the event such an incredible success!
Labels: business training, cash flow, cash flow game, cash flow game competition, kellie ritchie, rich dad advisors, rich dad education, Robert Kiyosaki, singapore expo
Monday, March 09, 2009
Private invitation from 'Rich Dad Business and Franchise Advisor' Kellie Ritchie
Event: Cash Flow Game Competition and Training by 'Rich Dad Advisor', Kellie Ritchie
Host Trainer/Facilitator: Kellie Ritchie, Robert Kiyosaki's Rich Dad Business and Franchise Advisor
When: Sunday, 15 March 2009, 9 AM - 12 PM
Where: Singapore Expo Hall 4
Attire: Smart Casual or Formal
Investment: SGD35
How much better would you do in your business if you were personally trained by an already successful person?
In fact, there are only a handful of successful business "gurus" around today whom we respect. One of them will be coming to the Singapore Expo as Host Trainer of the World's Largest Cash Flow Game Competition this Sunday, 15 March 2009.
When it comes to creating and franchising successful businesses, Robert Kiyosaki's "Rich Dad Advisor" Kellie Ritchie IS the real deal. This man is a business and franchising genius who has made millions of dollars for himself and the multiple businesses he spearheaded in Australia and North America.
The Cash Flow Game Competition is a fantastic opportunity to learn Kellie's secrets, proven strategies and methodologies for creating sustained wealth and phenomenal levels of success. Best of all, you can apply what you learnt in your own career or for building your own business and franchise.
Organisations and individuals have paid Kellie thousands of dollars to hear the secrets you're about to learn this Sunday. But if you sign up today, Kellie will put those thousands of dollars back into your wallet, so you only invest (believe your eyes) - SGD35.
That's right. Only SGD35.
But here's the kicker - you'll attend this incredible training for free IF you sign-up 4 of your friends!
If you think you may be interested, please see this site, which gives you details about the event and contains a sign-up form. It's at http://www.on2url.com/app/adtrack.asp?MerchantID=65550&AdID=429982.
As seats are limited, we can't accept everyone. If you are interested to learn the right skills and knowledge to create financial abundance and prosperity in your career or business, please visit the link below to sign-up.
http://www.on2url.com/app/adtrack.asp?MerchantID=65550&AdID=429982.
We've given you the opportunity. Now the question is this: What are you going to do about it?
The choice is yours.
To your success!
Labels: Business, business training, cashflow game, cashflow kiyosaki, kellie ritchie, rich dad advisors, rich dad education, Rich Dad Poor Dad, Robert Kiyosaki
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