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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Kiyosaki mentioned that there are different types of investors. When we classify these investors into ranks, then the ultimate investor would be on the top. Ultimate investors are business persons who have their own companies listed in stock exchange. According to Kiyosaki, ultimate investors create assets where there were none; they make money out of nothing. The ultimate investor spurs the economy in the community where his or her business exists through job creation. Ultimate investors

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In order for you to know where you want to go, you must first know where you are currently. To reach your financial goal, the first thing you must do is figure out where you are. For if you don’t know where you are, you can’t expect to get where you want to go. Knowing where you are means taking an honest inventory of your financial situation—filling out a financial statement—and taking a good hard look at the results. This may sound difficult, and maybe even a bit scary, but it’s a

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Real estate investment has been one of the most profitable among the many types of investments. A real-estate investment is a building or property other than a family home that generates income through rent or resale. The price of the investment and the earnings are driven by supply and demand. Kiyosaki termed real estate investment as an investment with “curb appeal.” Investors who want to see more than a print-out of their holding can drive by the property or building, vacation in it

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Reaching the I-Investor of the Cashflow Quadrant is the best option for us to escape the rat race. But how do we become a successful investor? In my early posts, I gave some reasons on why do you need to invest. In addition to that, Robert Kiyosaki gave the different types of investors, of which ‘ultimate investor’ is at its peak. In continuation of my learnings on Kiyosaki’s teachings, I now present The Seven Rules of Investing, in which according to him, you should commit

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In continuation of the lessons I’ve learned from Rich Dad Poor Dad author, Robert Kiyosaki, I will discuss today what he called “Types of Investors.” According to him, there are two main types of investors: Average Investors and Professional Investors. Average investors buy packaged securities such as mutual funds, treasury bills, or real-estate-investment trusts. Professional investors are more aggressive—they create investment opportunities or get in on the ground floor

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Each of us wants to become successful investors. We need to invest simply because we want our money to work for us aside from the fact that inflation eats our purchasing power. One of the world’s greatest investor is the second richest person on Earth, the Oracle of Omaha - Warren Buffett.  He became so successful that he now owns several parts of other businesses. What made him so successful as an investor? I recently played a webinar conducted by the famous Robert Kiyosaki and he

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What if you suddenly received a notice of foreclosure from your banker because of the missed payments to your home mortgage? Another way to put it is that, if you are not paying your real estate taxes, then chances are your home could be subject for foreclosure and auction by the local government. You can successfully fight foreclosure. Here are some of the things that you can do to survive an impending foreclosure of your home. Understand your options. Whatever you do, don’t ever ignore

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As an investor, you keep on asking, what’s the best investment? What could be that investment that could give me the best returns for my money? Is it real estate? Or stocks? How about mutual funds? For me the best investment is an investment to yourself. Why? It’s because without you working, you won’t generate income. Yourself is the most important of all investments and so you must invest in yourself in order to be the best wherever you are. So how can you invest in yourself? Invest

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First of all thank you dear readers. I am happy if I see my visitors increasing each time. It’s worth all the effort in writing articles on a specific niche. I happen to stumble on a blog that talks about which one is better - to invest in stocks or invest in a business? Investing in stocks and starting a business are both risky. You both have to educate and equip yourself with the right skills. You also have to watch both of them. Stock value goes up and down depending on the market

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Live life to the fullest. Grab life by the horns. Just make sure your life is insured. Life insurance is the only vehicle that delivers a set amount of money at a specific point in the future. While you won’t be around to collect the benefits of your life insurance, your dependents would definitely benefit from it. The money can help pay off mortgage, put your children through college, cover estate taxes, or just help your family make ends meet. If you’re pondering whether to buy an

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Well, aside from the obvious reason that you need it, whether for capital or other expenses; borrowing money can help you to manage your finances if you know how to leverage debt. That is to know the difference between good debt vs. bad debt. In this article, I will expound more on the idea of debt leveraging by using other people’s money instead of yours. Good debt makes the rich gets richer. There are very few entrepreneurs who did not borrow money to grow their business. If you can

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For most of us Filipinos, network marketing or multilevel marketing is a new business format that boggles many minds. As a concept, network marketing has been touted as the fastest way to accumulate wealth nowadays. The concept is used to penetrate the market as fast as possible without entailing expensive marketing costs such as marketing and promotions. For the most part, network marketing is spread by word-of-mouth. You most likely have to be invited to join a business orientation or a

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I recently watched another video by the famous educator Robert Kiyosaki that tackles about the three types of income. We already know two types of income – the active income and the passive income. Active income is you working for money and passive income is your money working for you. But active income can be further classified into two: Earned Income and Portfolio Income. So what are the differences? You can clearly see the difference when it comes to taxes.   Earned Income – Earned

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