Sacred Cow 10 of 11 - Gold vs the US Dollar

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



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.

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.

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”.

Treating stock like rental property

View more presentations from Demond Johnson.

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.

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