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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As I have said in one of my post, one of the keys in achieving financial freedom is to earn more and desire less. Desiring less means controlling your spending. It has been said that no matter how huge your income is, if you don’t know how to control your spending and save for your future, you would end up nothing in the end. As one of my favorite quote in savings says: “Ubos ubos biyaya, bukas ay nakatunganga.” The first thing that you should do is to pay yourself first.

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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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What are the common traits and qualities of billionaires? Note that we are talking here of billionaires, not just millionaires. Billionaires hold most of the world’s riches. They are taipans and tycoons of their respective businesses. I was browsing an article in Yahoo Finance and I found these interesting facts about billionaires. I thought that it’s worth to share with you as you may find some of these qualities interesting and odd. The study was conducted on Forbes 400 richest

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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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Hello all, as one of the followers of the teachings of the famous Robert Kiyosaki, the author of the best selling book Rich Dad Poor Dad, I would like to invite all to the upcoming Rich Dad Asia Event here in the Philippines this coming November 30, 2009. In cooperation with Laurus Enterprises, the official organizer of Rich Dad Asia here in the Philippines, Bellum Tan, Robert Kiyosaki’s Rich Dad Ambassador to Asia will be coming from Singapore to the Philippines to talk about

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In continuation of my financial education from the famous Robert Kiyosaki, I recently learned about the foundations of a solid business. What does it take for a business to last long? What does it take to build a solid business that is strong enough to survive for at least 50 to 100 years? I would like introduce to you my readers one of the lessons I’ve learned from Robert Kiyosaki and this is about the B-I Triangle. Why did Robert used the triangle to portray the shape of a solid

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