One of the first eye openers for me is the Robert Kiyosaki’s Cashflow Quadrant. So far, it is the single and most powerful idea that I absorbed from Kiyosaki as it helped me improved my education on financial literacy. There is no doubt that each one of us has interests in improving our financial situation. Before you can begin your journey to financial freedom, you need to figure out exactly where you are because if you don’t know where you are, you can’t know where

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In one of my previous posts, I mentioned about what to look for when buying mutual funds. Once you bought and invested your hard-earned money into mutual funds, then what’s the next step? In my pursuit for further financial education, here are the do’s and don’ts of mutual fund investing: WHAT TO DO WHEN INVESTING IN MUTUAL FUNDS: - Pick funds that have a proven track record and a manager who has been around for more than five years. - Pick funds that meet your investment

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Mutual funds are one of the investment options where you can invest your extra cash. As a mutual fund investor myself, I made a post on how to invest in mutual funds before to assist my readers interested in investing in mutual funds. According to Kiyosaki, mutual funds are investment vehicles for a person to use as part of his or her financial plan to be secure or comfortable, not rich. Because of built-in management, mutual funds may be a better choice than stocks for new investors who

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We all know that stock investing is one of the riskiest forms of investments. Stocks can go up and down depending on several factors. In one of my earlier posts, I discussed several stock trading tips to all my readers investing in the stock market. It is important to do your homework before engaging yourself in the stock market. Once you’ve done your homework and consulted with a financial planner or broker, it’s time to take the plunge. To make informed decisions, you need to review

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There are a lot of technical advices out there telling different investment strategies to grow your money. If you are a first-time investor, then you have to start from scratch. You need to understand basic and simple concepts in investing. The first step in investing is to understand how the different types of investments relate to each other. Then you can do an asset allocation in each of these types to determine which amounts of your total portfolio to invest in each of these

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Inflation is one of the reasons why do you need to invest your money. In economics, we have known inflation as the general increase in prices of commodities. The higher the inflation, the lesser the value of our money. Inflation degrades the value of our money. Your money last year cannot buy the same amount of goods now. WHAT CAUSES INFLATION TO INCREASE? Increase in oil prices. Oil is a very important commodity in the world because it is one of the raw materials of every company used to

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Without doubt, each of us don’t want to invest because we are afraid of losing our hard earned money. The fear of losing money is the main reason a huge percentage of the public struggles financially. But fear isn’t the real problem. It’s how people handle fear that matters. Kiyosaki tells people that the primary difference between rich people and poor people is how they handle the fear of losing money. Some people, when hit with a financial loss, give up. Others transform the

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In one of my old posts, I gave some steps that you should take in your journey to financial freedom. Having financial freedom gives us the liberty of doing the the things that we enjoy without having to think too much on where to get the next meal that we would feed to our families. You may be familiar with Kiyosaki’s Cash Flow Quadrant where he divided people depending on where their income flows. It is the famous ESBI which stands for E-Employee, S-Self Employed, B-Big Business

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In continuation of my previous post in buying a business as one way of entering the B-Business Quadrant, another way of entering a business is by buying a business franchise. Say you don’t have the courage for a start-up or the breadth of experience to buy a business. Then maybe franchising is the ideal choice for you. Franchising is a readymade business system that offers a promising avenue into business ownership. A reputable franchise gives you the advantage of a tried and true business

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In one of my previous posts, I mentioned that there are four ways in entering a business: Starting your own from scratch, buying an established business, buying a business franchise, and becoming a distributor of a business. Let us tackle first here “buying a business”. Buying a business eliminates the aspiring entrepreneur the hassles and headaches of a start up business. Before you buy an existing business, Kiyosaki recommends to weigh its pros and cons first: PROS of buying a

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