Cashflow Blog

HOW TO PREDICT THE FUTURE

3-Day Seminar with Robert Kiyosaki

October 24th, 25th & 26th, 2008 • Scottsdale, Arizona

During the 3-day seminar, Robert will focus on topics that include:

1. How to predict the future

By studying Dr. R. Buckminster Fuller’s work on prognostication, you will learn how the future is not traveling in a straight line. You will learn how to change your life by changing your future.

2. How to create your future

Robert and Rich Dad’s Advisor Blair Singer will teach PERT (Planning Evaluation Review Technique). Through this you will gain the ability to go into the future and create backwards. PERT was the planning technique used to put the first humans on the moon.

3. How to print your own money (and change your financial future)

One of the most powerful books Robert has read is Dr. Fuller’s Grunch of Giants, GRUNCH stands for Gross Universal Cash Heist. The book is about how the rich print their own money and why they’re rich. You will learn to do the same. More importantly, you will learn how to prosper from the future of money…not be a victim of it.

–  Watch Video - Register   –

See the rest here:
Robert Kiyosaki’s ?How to Predict the Future? Seminar

The title to this post is a little off in that most times people invest in things in order to get wealthy.  Either way you look at it, there is much research on this subject.  Funny thing, it is not primarily mutual funds or even individual stocks that make up the portfolios of the wealthy.

First, lets define wealthy. 

There are three generally agreed upon categories.  The mass affluent which has a net worth outside of their primary home of $100,000- $999,999.  The wealthy which has a net worth outside of their primary home of $1,000,000- $9,999,999.  And the super wealthy which has a net worth outside of their primary home above $10,000,000.

Interestingly, the investment strategy is basically the same between the wealthy and the super wealthy. And the higher you go in net worth for the mass affluent the more they look like the other two classes.

So how do they invest?  What financial instruments do they use?  Well, the truth is they use all sorts of financial instruments, but there are two main strategies which set them apart from those that have less than them.

First, is real estate.  The largest categories of investments for the wealthy is real estate and it only gets larger as you go up the wealth ladder.  Of course they all own a primary home.  But a second home is the next largest category of real estate investment.  And as you go up the scale they own 3,4 or more homes. 

Next category is income producing real estate.  The wealthy own apartment buildings, commercial buildings, duplexes, etc. that will produce income for multiple generations.  REIT’s (real estate investment trusts) are favored by the wealthy. Raw land is bought and sat on until the investment blooms.

The next largest category is businesses. Usually they control or own large blocks of a business that can be best called creative or niche businesses.  The wealthy have been able to identify unique ways to satisfy needs.  Many times the discovery has come out of a industry that they worked in for years, first as a employee.

They also own some of the traditional investment classes like stocks, bonds, mutual funds.  However, it is at much smaller percentages than the non-wealthy.  For example, the super wealthy own individual stock and mutual funds, but the median ownership is around $1,000,000 for individual stocks and $500,000 for mutual funds. 

Now remember, the super wealthy category starts at $10,000,000.  So their stock ownership percentage is very small compared to their overall assets.  They own cash value life insurance at about the same percentages as their stock ownership.

Their overall startegies suggest an understanding of the tax laws, so that they legally avoid high outlays to government.  It also tells us they understand history.  The greatest investments, those that last for generations until someone forgets why they were purcashed in the first place, are income producing real estate. 

Imagine if your great grandfather purchased apartment buildings in Manhatton or Miami Beach or Chicago.  What would they be worth now?  How much income might they be producing for you?  The truth is, businesses come and go and our needs change, but we always need a place to live or a place to shop.

Maybe you are not the landlord type, like me.  The thought of having  renters calling me all hours of the day and night to have the plumbing fixed is my nightmare.  But there are many ways to own real estate that don’t have that nightmare.

Think about starting a business that fills a niche.  Think about investing in real estate.  If you can find success in these two areas, then you are likely to join the wealthy or even the super wealthy!    

source: shaferfinancial.wordpress.com

Read more:
What do the wealthy invest in?

If you’re a bit financially strapped at the moment, consider it a temporary situation and focus on the future. If you have a job and are making enough money to support yourself, you’re off to a great start. Sure, there’ll be things you’d like to have that you can’t afford-but that’s okay. Keep telling yourself that you’ll be in better financial shape next year and enjoy the experience of being out on your own.

To stay on the right financial track, remember these two things:

1. Resist the temptation to use credit cards to buy what you want, but can’t afford. You’ll get yourself in a huge rut if you do this and end up with less in the future.

Be patient and know that eventually, you’ll have more buying power.

2. Be aware of financial opportunities, and take advantage of them when they’re available.

Many people miss chances to improve their financial positions because they don’t know what’s available to help them do so. By reading this series, you’ve shown that you’re interested in your personal finances and are willing to take the initiative to learn how to get, and keep, your finances healthy.

We’ll look closer at these areas of financial opportunity later in this series, but it’s important that you know what opportunities to look for. The sooner you start making the most of your money, the more money you’ll have later.

• 401(k)plans. We’ll get into more detail about these little goldmines later, but suffice it to say that 401(k)s are a great way to save money. If you’re eligible to participate at work, make sure you do. IRAs and the new Roth IRAs and other retirement plans also are good vehicles for saving.

• Compounding interest.Starting to save even a little bit of money when you’re young will pay off big time because of time. The longer money is invested, the faster it grows. That’s called compounding, and it’s a great way to see your money grow.

• Lower interest rates. If you’re paying 18 or 20 percent interest on your credit card, you might be able to get a significantly lower rate just by shopping around and asking. A couple of points can make a big difference.

• The best possible bank accounts. If you’re paying big bucks in bank fees, you’re not making the most of your money. It takes some work, but it’s worth it to look around and compare what’s available.

• A budget. Most people wouldn’t consider a budget a financial opportunity, but it definitely is. Preparing and using a budget gives you a chance to see where your money goes and an opportunity to cut back and save.

• Learning opportunities. There is a wealth of financial information around for anyone willing to take the time to find and study it. Books, magazines, pamphlets, seminars, and the Internet are full of financial advice and learning opportunities.

These two steps, resisting credit card debt and taking advantage of financial opportunities, will go a long way in moving you toward your financial goals. Ask for help if you’re confused about a financial matter. Many issues concerning money, investments, and so on can be confusing, even to people who study them on a daily basis, so don’t be discouraged if some financial issues seem confusing at first. They’ll become clearer as you learn more.

But be sure you take all the financial advice you’ll get with a large grain of salt. If you follow the advice of every financial guru who comes along, promising on one talk show or another to quadruple your investment in six months or less, you’re likely to end up losing some serious money along the way.

Remember that if you seek advice from a friend or family member, you’re likely to hear what’s worked best for him. What worked best for him, however, just might not be what will work best for you. Nobody wants to sound like a dummy (or a complete idiot), so you’re likely to hear about the good financial move your brother made back in ‘96, while he completely skips over the bonehead deal he struck in ‘97.

Once you start looking, you’ll see financial advice all over the place. Check out the number of financial magazines sometime; you’ll be surprised at how many there are. Financial columns run daily in many newspapers, and there are newspapers that deal solely with business and finance. Take a look at the financial section the next time you hit Barnes & Noble, or tune into a financial show on TV or radio such as Wall Street Week or Moneyline, both popular TV shows aired nationally. Personal finance is a hot topic among Americans these days.

Excerpted from:
Balance between Lifestyle and Finances

~ David Shafer ~

The hardest thing for some folks to understand is why taking advice from or turning your money over to experts doesn’t work.  After all, that is what we have been trained to do, listen to experts!

There are two problems with this strategy.

First, is the problem of our own emotional/mental structures. 

Taking advice from experts doesn’t change our own mental structures.  If we don’t change the way we think about money, if we don’t change our understanding about money, if we don’t create a wealth creating environment in our lives, then we will fail to create wealth.  It is as simple as that. 

By going to a “financial expert” we are demonstrating an unwillingness to take control of our own lives and that is what needs to be done in order to create wealth.  Study after study demonstrates this. We can not outsource control and expect to have above average results.

Secondly, the masses of “financial experts” out there are mostly folks just like you, that haven’t taken control of their own finances, or turn themselves into active participants in their own financial lives. 

What, you say?  Yes, that’s right how many folks in the financial expert category are actually wealthy?  How many have made their wealth through investing?  Most, if they have acquired any wealth, do it by having superior sales abilities that turns into superior income. 

But as a class, they are wealth underachievers, meaning they have less wealth given their income, than the average.  I read that the average “financial expert” has an income of $80,000, in which they aren’t very good, at least below average, at turning into wealth.

Original post:
Why Financial Experts Don’t Work

Reading Robert Kiyosaki’s book ‘Business Shool ’ , I learned that there are 5 types of dreamers, they are:

1. Dreamers who dream in the past. These are people like ex-football stars, or people who graduated from a prestigeous university, whose good days are behind them and all they can talk about, is the days when they were famous. If you are one of these people, create a new dream in the furure to work towards and come alive again, as people who dream in the past are people whose life is over.
2. Dreamers who dream only small dreams.These are people who only dream small dreams, as they want to be confident that they will be able to achieve it. The sad thing is that eventhough they know they can achieve it, they never do. They are the people who say later in life, ” I should have done that years ago, but never got round to it”.
3. Dreamers who have achieved their dreams and have not set a new dream. A lot of people who achieved the dream they had in highschool, after achieving the dream and working in that profession for years, end up bored with life. If you are one of these, It is time for a new dream and a new adventure.
4. Dreamers who dream big dreams but do not have a plan on how to achieve them…so they wind up achieving nothing.  These are people who often say “I’ve just had a major breakthrough”, let me tell you all about it or “This time I’m going to make this work”. They are trying to achieve a lot, and try to do it on their own. Very few people achieve their dreams on their own, so find a plan, and a team that will help you make your big dreams come true.
5. Dreamers who dream big dreams, achieve those dreams and go on to dream bigger dreams. I want to be this kind of person, don’t you?

See more here:
5 Types of Dreamers