Rated
Mar 29 2011
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1 review
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business, family, investing
• tradingmastermind.com
Robert Kiyosaki has been a household name in financially adept homes as well as to those individuals who have mindset of a business man.
Robert Kiyosaki has been an advocate for financial freedom through the books he has written, like the Rich Dad Series. For those not well acquainted with the works, principles and philosophies, Robert Kiyosaki is an investor, businessman, motivational speaker and self-help author. He said that money is only an idea, and if your idea is that there is no enough money, then that will become your reality.
As of the present, here are some financial insights and principles he shares with us:
Time education
In time education you get to learn that passive time is equivalent to passive income. We can make household chores an example, wherein we have two options when it comes to doing laundry duties. We can do the laundry manually by hand or we can use a washing machine to maximize our time by multi-tasking.
You can also learn that there is such a thing as compounding interest in time education. Just like in the book The Outliers by Malcolm Gladwell, genius is practiced. Just like Bill Gates, who had time and opportunity to practice manipulating the computer at an early age, he was exposed to technology and developed his love for it. This practice time accumulated in span of years which made him who he is today- a genius. He accumulated compounded interest to make him one of the world richest men.
Time wastage can also be deadly, we must not wait and wander lost in the new age jungle. We must prepare for our retirement, better yet, live in a relaxed, calm and free flowing life by making the right decisions in the management of your time.
Network Marketing
Network marketing is a revolution in its own right. Robert Kiyosaki said that if he can go back and turn the hands of time and change his past, he would have built a business through network marketing rather than the old traditional way of doing business.
You, we, and anyone can put up a network marketing business and become your own boss. That is the innovation created by network marketing where everyone can create unlimited possibilities of earning. All you need to develop is your social and communication skills coupled with determination and perseverance.
Network marketing had made many millionaires out of ordinary people. This business principle is what we need to make it through the financial recession.
There are many network marketing business today, be sure that you are equipped with the right information with regard to the principles and fall back positions and be equipped with the right disposition to be able to reflect to your clientele positive feedback.
You can learn more through trainings and seminars even online. Right attitude and calculated pacing is the key.
To wrap it up, Robert Kiyosaki points out that to be financially established, it is important that we focus ourselves to move from the employee and self employed job quadrants and into the Business Owner and Investor Quadrants.
It is important that we know how to make use of our time productively, but it is also equally important to learn how to live your life with much gusto and live happily without making much fuss about finances. Learn to use your passive time productively by learning ways to earn passive income.
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