Saturday, September 24, 2011

Getting out of The Rat Race

Lately I have been feeling like this guy on the hamster wheel. I have found several sites that pay earned income. And that was not easy. I have tested over 40 sites, and 80% of them were scams. The sites that I found that actually pay what they say are: Click Sense, Zip Nada Zilch, People String, and One X/QLXchange.

If I had to choose 1 out of the 4 I would choose One X. I only make 2 dollars a month with Click Sense and somewhere between 1 and 2 dollars a month month with People String. I did not feel comfortable promoting such low paying programs.

Zip Nada Zilch pays, but you have to jump through a lot of hoops to get your money. I was paid for the first time on September 11th, 2011. While some people like sales, I don't. I did not like trying to convince people to complete a free offer. It took me 3 months to get someone to sign up and complete the offer.

One X/QLXchange
I have only been in One X for 1 week. I have already been paid 20 dollars, and I have 5 people who signed up under me. I like this program because I have been able to recruit and make money. The person who told me about the program said it could help you pay off your debt in 4 to 8 weeks if you work the program. This is one program that has a low price of entry, and allows you the opportunity to make enough money to change your life for the better. 

I can say that I am excited about One X because I have had trouble recruiting in the past. However, One X has a system that makes it easy. 

I just ask people listen to a recorded message. If they like the message, I sign them up. If they say they want to start, but don't have the money, there is an option to pay it forward for them.
Click Here for more information.

Like I said I have only been in for 1 week. Time will tell if this program is everything, that I believe it to be. If it is, it may be a ticket out of "The Rat Race".

9-17-11 to 9-24-11

Martin Luther King Admits He Was Wrong

This video is amazing to me. With todays economic hardships the need for financial education backed by a strong moral foundation is imperative. The next part to MLK's dream was clearly to overcome poverty. The question is, "Can we rise to the challenge"?

Sunday, September 11, 2011

9-11: Remembered

It is hard to believe that 10 years have passed since the 9-11 terrorist attack occurred. 

I remember it like it was yesterday. It was the 1st time I really felt a sense of fear about living in America. Now while terrorist attack is always a possibility, I find that a financial terrorist attack is occurring daily. I feel its effect every day now, and I am working on gaining the knowledge to protect myself, as we all should.

That's all for now. I hope You are having a Blessed day. 

Saturday, September 10, 2011

Sacred Cow 11 of 11 - Can the Government Take Your Savings

Can the government take your savings? from Rich Dad on Vimeo.

Can the Government Take our money? Yes We Have!  Yes We Can!! And, Yes We Will!!! Right now the government is using quantitative easing. In other words they are printing money and devaluing the dollar.  At the end of 2008 they bailed out the banks with trillions through the TARP program, and another 600 billion will be hitting the books soon, if it hasn’t already. In order to get a better understanding of this click on the article I Laughed and Then I Cried, Quantitative Easing defined .

It has been very eye opening for me to look at the Shooting the Sacred Cow of Money Video Series. I think Robert Kiyosaki and his TEAM of Advisers did an awesome job providing valuable financial education to anyone open minded enough to listen.

Have a Great Day. Let's Eradicate poverty and Build Wealth, through Finacial Education.

Friday, September 9, 2011

Sacred Cow 10 of 11 - Gold vs the US Dollar

Gold vs. The US Dollar from Rich Dad on Vimeo.

Grunch of Giants

I learn more and more each day. I did not know that Buckminster Fuller aka "Bucky" was Robert Kiyosaki's mentor, but now that I know it does not surprise me. In knew was a great inventor and architect, but I did not know that he was the one defined wealth not in terms of a dollar amount but in terms of time. Wealth is the amount of time a person can maintain there current lifestyle without having to work.

That one concept is completely "Outside The Box Thinking" in my opinion. I am truly grateful to all the teachers both past and present who have put forth information to help Eradicate poverty and Build Wealth, through Financial Education.

While it's odd to see Robert laugh as he talks about how people are getting ripped off in this day and age - I also find it empowering becasue awareness is created which allows us to take action to protect ourselves. Rather than, stick our head in the sand and hide in Fear.

Sometimes when I look at the power to the people and institutions using our ignorance agaist us, I wonder if it is really possible to Eradicate poverty and Build Weatlh, through Financial Education? What do you Think?

Please leave your comments in the comment box below.

Thursday, September 8, 2011

Sacred Cow 9 of 11 - Work Hard

Work Hard from Rich Dad on Vimeo.

Working hard for money is an obsolete idea which is making people poorer. As Robert said in the video "people cannot wait for Friday, and dread Sunday." Due to a lack of financial education the harder we work for money the more we pay in taxes.

A transition is moving from one place to another or from one behavior to another.  If we are ever going to Eradicate poverty and Build Wealth, through Financial Education - We must transition form working for money in the income statement.  And, work for Assets  in our financial statements.  If we can work the we will end up paying less in taxes. This was the main lesson I took away from this video.

Additionaly, I thought the example showing 1 gold coing compared to a bag of coins between 2000 and 2010 was amazing. The value of dollars is going down and buying less.  As the dollar loses value, inflation goes up…Inflation cause people to become poorer.

That is all I have for today. Let's Eradicate poverty and Build Wealth, through Financial Education!

I'll end with this question. In what way are you working smarter, rather than harder? Please leaver your comments below.

Wednesday, September 7, 2011

Sacred Cow 8 of 11 - Save Money

In 1971 the dollar was taken off the gold standared and it was no loner real money. Once this occured the dollar became fiat currency or debt. This was the primary lesson I took away from this video. It is unbelieveable to me that the Fed is that powerful. For every dollar we hold in savings they are able to create 10 dollars and lend it out to others. As a result our dollar gets weaker and weaker.

As I thought about this I felt angry at first. However, I realized that getting angry does no good. Next I asked myself what can I do to protect myself? Mike Malony's suggestion is to buy silver and gold (Commodities).

Plan of action to use this information.

Rich Dad's Advisors: Guide to Investing In Gold and Silver: Protect Your Financial FutureI will continue to sell covered calls each month. I will use the income I received from covered calls to re-invest to create more cash flow and/or buy commodities.

How will will you build your assets? Please leave your comments in the comment box located below.

Tuesday, September 6, 2011

Sacred Cow 7 of 11 - Get out of Debt

Get Out of Debt from Rich Dad on Vimeo.

Good Debt? Those two words were never connceted in my mind until I saw this video. I would have to agree with Kim Kiyosaki when she said that DEBT was 4 letter word.

I hate being in debt. In fact when the Bible states that "The borrower becomes slave to the lender", I cannot think of a better way to sum up my thoughts on debt. I have placed myself in a bad situation with student loans and credit card debt becasue of my lack of financial education.

I often hear financial gurus state that people do not understand the power of compound intrest. I think people understand it perfectly. They understand it ... In REVERSE. Debtors understand how to pay intrest rather than have it paid to them. At least that is my experience when I think of credit card payments and student loans.

By selling covered calls I have started to receive payments for renting out my stocks. My goal is to cashflow the stocks and re-invest, in order to create a compounding effect. I guess time will tell how effective my plan is.

One more point that I got from the video was the power of collateral. According to one of the members on the rich dad team, Banks lend money on real estate because there is collatoral or something physical.  I believe that I could use that concept in the future build my own business.

Please leave and comments or question in the comment box below.

Have a Great Day. Let's Eradicate poverty and Build Wealth Through Financial Education.

Monday, September 5, 2011

Sacred Cow 6 of 11 - Invest for the Long Term

Invest for the Long Term in a Diversified Portfolio from Rich Dad on Vimeo.

The primary thought that I took away from this video is that Entrepreneurs want control, and that most people who invest for the long term lose control. The reason I am learning and studying covered calls is that they provide monthly cash flow.

The problem with covered calls is also revealed in the video and that is hedging. Covered calls only provide slight protection against a downturn in the market. If a systemic problem occurs as it did in August of 2008 then your account can be wiped out.

I have heard some experts say the way to protect your assets is to use “Puts” as protection or use a married put strategy to protect you from the downside. Other say that they buy fundamentally sound stocks and value invest in order to protect themselves from the downside. They then use the covered call strategy to reduce their cost basis until the stock is amortized or paid off. The second group says they gain control by managing their position.

Follow the work of Robert Kiyosaki makes me lean more toward the second group. There is a book called Covered Calls and Leaps: A Wealth Option written by Joseph Hooper and Arron Zalewski does a great job describing this concept. Another resource can be found at, where educational webinars are done that show several cash flow techniques with paper assets.

How are you creating cash flow in you life? Please your comments in the comment box below this post.

That is all I have for now. Have a Great Day! Let’s Eradicate poverty and Build Wealth, through Financial Education.

Sunday, September 4, 2011

Sacred Cow 5 of 11 - Your House is an Asset

Your House is an Asset from Rich Dad on Vimeo.

One day I would love to own a home. However, it is clear that a house is not an asset. It is clearly a Liability. Living here in Arizona where we are consistently ranked among the top places where foreclosures take place, many people can confirm that their house is not an asset.

In this video we learn that a house can be an asset if we are receiving positive cashflow through rental properties. While I am not in Real Estate, I do apply the concept to paper assets , by treating my stocks like rental property. For more information on how this is done please read the free report below which reveals, “How to Treat Stocks like Rental Property”.

As Kim Kiyosaki said, “There are 4 asset classes: Business, Real Estate, Paper Assets, and Commodities. I am currently in 2 of the 4 asset classes. The first is paper assets , and, the second is commodities.

By the end of the year I intend on creating a solid business online for a business, but I do not plan on being in real estate this year.

That is all I have for now. Have a great day. Let’s Eradicate poverty and Build Wealth through Financial Education.

PS. If you like my blog please click the follow button in the right column. If you have any questions or comments please leave them in the comment box below.

Saturday, September 3, 2011

Sacred Cow 4 of 11 - Live Below Your Means

Live Below Your Means from Rich Dad on Vimeo.

Live below your means... I know this one all to well. This describes my current lifestyle perfectly. I also clearly understand what Robert Kiyosaki means when he says that living below your means kills your spirit. Living pay check to pay check just to pay bills, SUCKS.

Another powerful part in the video was when Kim Kiyosaki says that she never grew up around entrepreneurs or had any wealthy role models. I haven't either. I constantly read books from the RichDad series with the goal of understanding how to CREATE WEALTH and EXPAND MY MEANS.

So far I have only found 2 ways to expand my means in the investor quadrant. The first is buying dividend stocks which pay automatically on the stock payout date. And, the second way is to sell covered calls against stock holdings which allows me to rent my stocks out to bring in income. Covered Calls only require about 1 hour of my time a month to choose the one I want to sell, and I look at my account balance at the end of each day.

I have not learned how to turn this into a BIG BUSINESS yet, but I am working on it by increasing my knowledge. If I can put knowledge of money within me, then it is bound to show up in my reality.

Well that does it for now. Have a Great day. Let's Eradicate poverty and Build Wealth through Financial Education.

PS... Please feel free to leave any questions or comments on this post in the comment box below.

What's On Your Mind? Comment Below.

Sacred Cow 3 of 11 - Go to School

Go to School from Rich Dad on Vimeo.

I have been told about the importance of going to School as long as I can remember. I thought gaining and education would be the gateway to success. I remember hearing over and over again how I would become the 1st college graduate of my family. Not going to school and getting my education was not an option. In fact I wanted to be the first college graduate in my family to make my parents proud and set a good example for other members of my family.

I can still remember the look of pride on my fathers face and my mothers face the day I graduated from college. I had no idea it would lead to my own enslavement rather than freedom. I have allowed myself to become trapped by my student loans.  I believe that both academic and professional education are great, but they do not compare to financial education.

The part of the video that I liked the best was when Mr. Kiyosaki says that your financial statement is your report card. I have made two financial statements. The first is my personal financial statement which is very ugly. If  I had to grade my personal financial statement, I would give myself  a "F". The second is my financial statement for cashflow collaboration. I would rate that financial statement a "C".  I will post my financial statements by Sunday of this week.

I also liked the statement about the best way to learn is through actually doing the task or though simulation. I like playing the rich dad poor dad game CASHFLOW 101, and I like trading in my virtual account through Options Xpress.

This is all I have for now.  Have a Great Day. Let's Eradicate poverty and Build Wealth through Financial Education.

P.S. -- Have you created your own financial statement or report card? I so please leave a comment and tell about your experience in the comment box below.

Thursday, September 1, 2011

Sacred Cow 2 of 11 - Get a Job

Get a Job from Rich Dad on Vimeo.

As I watched this video, I felt like it was telling the story of my life. It was not only telling the story of my life, it was and is telling the current and future story of most of my acquaintances also. All of my life when problems come up the 1st thing I hear people shout is "Get a Job!"

Once you have the job you are stuck in a continual cycle of trading time for money. The scientific name for the this cycle is called "The Rat Race", and, before you know it that JOB (Just over broke or Journey On the way to Brokenness) has left you old tired and broke.

The Rat Race

The most enlightening part of the video to me was when one of the RichDad advisers says that a safe secure job is an illusion and turns out to be the most unsafe action you can take. He follows up by saying  that if you have a job you only have one client which is your BOSS. For some reason that statement hit me like a brick. No wonder I live in fear just working 1 JOB. My "BOSS" can change my entire life with 3 words...

WOWSERS !   If you have a JOB you only have ONE client which is your BOSS. That comment is so important I will state it at least one more time before I end this post. Just hearing it makes want to go and find a product or service that I can offer to others having 1 CLIENT (your BOSS) is such a scary proposition.

Having a JOB is an old way of thinking.

When I run groups with the kids that I work with, I always tell them that "The Past is not Your Potential!"

I am use to being an EMPLOYEE (E) at a JOB.

I must break this mindset and find a way to effectively be in the BIG BUSINESS (B) and INVESTOR (I) SIDE.

If you have any thoughts on the Get a job video, please post them in the comment box below.

Have a great day. Let's Eradicate poverty and Build Wealth, through Financial Education.