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Rich Dad Lessons: The Quick Reference Guide To Wealth

January 15th, 2008 by admin Robert Kiyosaki1 Comment

Based on Kiyosaki’s work

Rich Dad Lessons: The Quick Reference Guide To Wealth Alan Jacques is President of a successful Canadian company and excellent teacher of subjects related to money, wealth and entrepreneurial businesses.

This is his Quick Reference Guide To Wealth inspired by Robert Kiyosaki’s work:

	Broke Masses	Successful Middle Class Investor	Rich
1. Who	Employees	Employees & Self-Employeed	Business Owners & Investors
2. Education	Highschool or college graduate	- Values Education, often college graduate - Attends course and seminars on investing	Values only “street smart education”, often aquired from peers and/or self-learned
3. Major financial goal	To survive until next payday	To build up a significant net worth by age 55-56	Freedom
4. Focus	Salary or hourly wage	Net worth	Cash flow
5. Cash Flow Management (CFM)	“How much do I have in my wallet?”	Understands the value of CFM	Understands that CFM is the foundation to all wealth
6. Definition of an asset	A 6-pack in the fridge	Anything that has market value	Anything that produces a positive cash flow
7. Home	Would like to own one	One of their most important assets	A home is a liability, not an asset
8. Investment vehicles	-Government pension - Lotteries	- Mutual funds - Blue chip stocks - Real Estate: condos, houses & duplexes	- Stocks: IPOs as investors and/or key shareholders - Real Estate: larger projects - Businesses
9. Investment sources	The government	Invests in financial products created by others	Creates products and services to sell to the Middle Class and the masses
10. Investment systems	Hope	- Dollar cost averaging (DCA) - Low down real estate systems	- Create their own or modify others - Often learn from other rich investors who are their peers
11. Expected rate of return	Get rich quick	12% to 30%	50% to 500%+++
12. Risk	Has no idea how to evaluate it	Accepts moderate risk	Most investments are low or very low risk
13. What works	If it doesn’t work, keep doing it	Learn what works and keep doing it no matter what	Keep learning and innovate, innovate, innovate
14. Time horizon	Next payday	Long term	Tailored to each goal or investment
15. Real estate	Would like some	Buy & hold, waits for it to go up in value	“You make money when you buy, not when you sell”
16. Most valuable resource	Paycheck	Investments	Time
17. Why work?	Work for the weekend	Work for money of which 10-20% goes to investments	Money works so they don’t have to
18. Advisors	Broke friends & family	Financial planners, accountants	Themselves, each other, coaches, selected professionals
19. Resources	TV	- The Millionaire Next Door - The Wealthy Barber	- Rich Dad/Poor Dad - The Cashflow Quadrant - The Cashflow Game - Robert Kiyosaki tape sets
20. Key indicator event	Savings account with $100 in it	$1 million net worth	Passive income exceeds expenses
21. Questions and Answers	Don’t really understand the distinction	Asks questions and seeks the right answer	Knows there are many answers
22. Delegation	“If you want it done right, you have to do it yourself.”	“You can delegate what you don’t know”	“If you don’t know the fundamentals, you can get slaughtered!”

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Robert Kiyosaki

Speedlinking (Internet Money): Upcoming Adsense changes, Internet Marketing Ninjas and more…

January 9th, 2008 by admin Internet Making MoneyNo Comments

Some interesting links on my preferred sites and other stumbled webs:

* Upcoming referrals changes: Google has changed the rules for referral ads promoting AdSense. The pricing structure will be affected and even the Adsense referrals will be retired in many countries.

* Internet Marketing Ninjas » Training Videos and SEO Tools: The top industry experts are together in this program. This is not a cheap program but you can learn a lot from experts like Aaron Wall (SEOBook), Andy Beal (Marketing Pilgrim) and Bill Slawski (SEO by the Sea).

* Drew McLellan - The Marketing Minute: A very interesting and useful blog. Random musings, ideas, conversations and tips about branding and marketing in the world today.

* Andrew and Daryl Grant Online Marketing: This couple is having a great success in Australia due to the method they used to make $250,000 in their first year by selling ebooks online. Now, you can learn from them.

* Make Money Online with Giveaway Program: This is the audio record of a tele-training session which took place on January 3 (by Santa Sal). There, he explains how it is possible to make a lot of cash by running a giveaway program online.

* Japan’s Matsushita to develop Internet plasma TVs with Google, YouTube - report: Finally, Google seems interested in the Internet-enabled TVs. Business opportunities are coming.

* Nufflets.com - Asia’s Contextual Online Advertising Network: If you are a publisher or advertiser living in Asia, then you could try this. It is really new and I don’t know how well it is performing, but it is interesting that they offer up to 50% revenue share to its publishers and $15 to each approved site.

* Video speedlinking: A funny interview. Jim Cramer, host of CNBC’s Mad Money and co-founder of TheStreet.com, on Late Night with Conan O’Brien TV Show: