How the Wealthy Stay Wealthy

How the wealthy stay wealthy

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I recently read another book in the Rich Dad Poor Dad series by Robert Kiyosaki called Choose to be Rich. I thought it was filled with valuable information. The two concepts, I liked the best in the book were the three things that the wealthy do to stay Rich and the practical action of getting 3 piggy banks to build wealth.


I have been investing for 5 months now. Each month I have invested in a dividend paying stock and re-invested income. Now that I have acquired my 1st 100 shares of dividend paying stock, I would like to start building and online investment team.


If I use the "charity" bank funds to pay if forward, as an incentive to investors, it may be a way to build a strong investment team. I guess time will tell.


That's all for now. Have great day.

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.

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.

Sacred Cow 1 of 11 - Intro

Introduction to the Sacred Cows from Rich Dad on Vimeo.

I love this documentary put out by Robert Kiyosaki and his Team of Advisors. I think it articulates what many may feel but leave unstated. I often feel like I am on the edge of a financial cliff  while in the mist of a Huge brewing storm. In writing the next 11 post I hope to look at each of the Sacred Cow videos and figure out how they apply to life and figure out a way to over come them.

For the last 54 days I have been consitently working on building cash flow from my online activities and buying stocks that either pay dividends or allow for a covered call strategy to be used on them.

Please post any thoughs you have concerning the video in the comment box below.

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

Parents Do Understand - Rich Dad Poor Dad

It is so funny how fast time flies. I remember listening to Will Smith (The Fresh Prince) back in the day. Now Will is a parent and he is teaching his kids about Robert Kiyosaki's Rich Dad Poor Dad book. I would never have thought that Will would have a problem breaking a poverty mindset. Seeing this inspires me to continue on the  path  to acquire financial education.


What are your thoughts on the book Rich Dad Poor Dad? Please post your comments below.

Let's eradicate poverty and build wealth through financial education.

Making Money Make Money

Robert Kiyosaki constantly puts out inforamation that empowers people. I am excited about learning how to make money with money. By buying stocks that pay dividends I am making my money make money. I have finally found a way to make my money work for me. While my job as a Youth Counselor is my profession, my stocks are currently serving as my business and allowing me to start on the path to wealth.


If I can discipline myself to buy assets consistently, then I can build wealth. Below is a powerpoint I use to share ideas put forth by Robert Kiyosaki. Please download it, if you find it to be of use.

How to be wealthy short version

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