Cash Flow Note For Passive Income (also know as residue Income) and Financial Freedom

Master Resell Rights to 200 Products

2009-01-04T00:44:00.001-08:00

I was speaking with Cody Moya the other day
(a well-known Internet Marketer), and he started
talking about how his website is here to offer
free gifts!

What are the gifts, you ask?

Here they are:

Giant Package of 200 Products with Master Resell Rights

These amazing gifts are not only great resources,
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The catch? Cody said he can only offer this to you
for a short time, and then the deal is off. Go ahead
and click the link, sign up, and download your gifts now.

http://www.resellrightspack.com/?91209

Free Adsense site builder software for all Adsense publishers

2008-09-19T22:24:00.001-07:00

Exciting news for all Adsense publishers.

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>>> http://FlipSiteBuddy.net/?e=poht1@hotmail.com

5 Main Types Of Advertising Techniques Online

2008-09-19T22:05:00.000-07:00

Many people are confused by the different types of advertising techniques online. In today’s blog post, my aim is to classify all the techniques into 5 main types. I will also discuss the key to success in each of them.

Ready? Here we go……

http://www.leadsleap.com/blog/5-types-of-advertising-techniques-online/

How To Come Out With Innovative Ideas That Sell

2008-09-15T09:19:00.000-07:00

Many people can come out with innovative ideas. But coming out with innovative ideas that sell requires some skills. Today, I’m going to show you how to do it.

http://www.leadsleap.com/blog/how-to-come-out-with-innovative-ideas-that-sell/?r=sabre

Earn Extra Income From Home. Visit website to find out. FREE REPORT

2008-08-31T07:44:00.000-07:00

Who says earning money online is impossible? It definitely is NOT some urban myth and is absolutely and definitely possible. I would like to emphasize that this is NOT A GET RICH SCHEME , any MLM Scheme nor Any High Yield Investments if you are looking for one. This is also NOT some kind of GET RICH OVERNIGHT kind of System. This system requires work too.

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The only person that can make a change in your life is the person sitting in your chair now. It's so simple that a child can do it too. All you have to do is sign-up and everything will be done for you and you can start earning right away.

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Listening Power ~ Brian Tracy

2008-08-25T06:21:00.000-07:00

The art of good conversation centers very much on your ability to ask questions and to listen attentively to the answers. You can lace the conversation with your insights, ideas, and opinions, but you perfect the art and skill of conversation by perfecting the art and skill of asking good, well-worded questions that direct the conversation and give other people an opportunity to express themselves.

Ask Open Ended Questions
Ask open-ended questions that cannot be answered with a simple "yes" or "no." Open-ended questions encourage the speaker to expand on his thoughts and comments. And one question will lead to another. You can ask open-ended questions almost endlessly, drawing out of the other person everything that he or she has to say on a particular subject.

Be Content to Listen
In order to be an excellent conversationalist, you must resist the urge to dominate the discussion. The very best conversationalists seem to be low-key, easy-going, cheerful, and genuinely interested in the other person. They seem to be quite content to listen when other people are talking and they make their own contributions to the dialogue rather short and to the point.

Share the Opportunity to Talk
In fact, good conversation has an easy ebb and flow, like the tide coming in and going out. Whether it is between two people or among several, the conversation should shift back and forth, with each person getting an opportunity to talk. Conversation in this sense is like a ball that is tossed from person to person, with no one holding on to it for very long.

If you feel that you have been talking for too long, you should stop and ask a question of someone in the group. You will be tossing the conversational ball and giving that individual an opportunity to converse.

Learn to Listen Well
Listening is the most important of all skills for successful conversation. Many people are very poor listeners. Since everyone enjoys talking, it takes a real effort to practice the fundamentals of excellent listening and to make them a habit.

Practice the ABC Method ~ Brian Tracy

2008-08-23T23:36:00.000-07:00

"The first law of success is concentration - to bend all the energies to one point, and to go directly to that point, looking neither to the right or to the left." --William Mathews

The more thought you invest in planning and setting priorities before you begin, the more important things you will do and the faster you will get them done once you get started.

The more important and valuable the task is to you, the more you will be motivated to overcome procrastination and launch yourself into the job.

A Simple and Powerful Technique
The ABC Method is a powerful priority setting technique that you can use every single day. This technique is so simple and effective that it can, all by itself, make you one of the most efficient and effective people in your field.

The power of this technique lies in its simplicity. Here's how it works: You start with a list of everything you have to do for the coming day. Think on paper. You then place an A, B, or C before each item on your list before you begin the first task.

Determine Your Top Priorities
An "A" item is defined as something that is very important. This is something that you must do. This is a task for which there can be serious consequences if you do it or fail to do it, like visiting a key customer or finishing a report for your boss that she needs for an upcoming board meeting. These are the frogs of your life.

If you have more than one "A" task, you prioritize these tasks by writing A-1, A-2, A-3, and so on in front of each item. Your A-1 task is your biggest, ugliest frog of all.

Decide on Your Secondary Tasks
A "B" item is defined as a task that you should do. But it only has mild consequences. These are the tadpoles of your work life. This means that someone may be unhappy or inconvenienced if you don't do it, but it is nowhere as important as an "A" task. Returning an unimportant telephone message or reviewing your email would be a "B" task. The rule is that you should never do a "B" task when there is an "A" task left undone. You should never be distracted by a tadpole when there is a big frog sitting there waiting to be eaten.

Analyze the Consequences of Doing It
A "C" task is defined as something that would be nice to do, but for which there are no consequences at all, whether you do it or not. "C" tasks include phoning a friend, having coffee or lunch with a coworker or completing some personal business during work hours. This sort of activity has no affect at all on your work life.

After you have applied the ABC Method to your list, you will now be completely organized and ready to get more important things done faster.

Start on Your A-1 Task
The key to making this ABC Method work is for you to now discipline yourself to start immediately on your "A-1" task and then stay at it until it is complete. Use your willpower to get going and stay going on this one job, the most important single task you could possibly be doing. Eat the whole frog and don't stop until its finished completely.

Your ability to think through, analyze your work list and determine your "A-1" task is the springboard to higher levels of accomplishment, and greater self-esteem, self-respect and personal pride.

When you develop the habit of concentrating on your "A-1," most important activity, you will start getting more done than any two or three people around you.

Finding A New Business Idea ~ Brian Tracy

2008-08-23T23:32:00.000-07:00

Look for Opportunities
How do you find a new product or service, recognizing that 80 percent or more will be new in five years? Here's a series of ideas. Number one, begin with yourself. Begin with your own talents, your abilities, your experience, knowledge, interest, background, education, and so on. Look carefully at your current work, your current business, your current position, or your current product or service. Seek for what is called your own acres of diamonds. Look under your own feet.

Look Into Yourself
Here's a question. What qualities account for your greatest successes in life so far? What personal qualities and abilities have gotten you to where you are? And how could you apply those qualities and abilities to starting and building a new business?

If you already have a company, ask what are your companies' talents, abilities, experience, knowledge, interest, background, and so on. What qualities and talents and abilities have enabled your company to succeed up to now? Where can you specialize? Where can you make a difference?

Identify What You Really Enjoy
Number two is look for a product or service about which you can really become enthusiastic. Sometimes people become wealthy by translating or transforming their hobbies into a business. You will be most successful doing something or marketing something that you really love.

Every product must have a champion. Every product or service must have someone in the business who really, really loves the product or service and is eager to get out and tell other people about it.

Improve On Something Else
Number three, look for something that is an improvement on an existing product or service, not something brand new. Look for something that's cheaper or better quality. Or that has additional features or functions. Look for something that's an improvement.

Remember improving an existing successful product or service is the fastest and surest way to build a successful business. An idea only needs to be ten percent new and better to capture substantial market share. Brand new products or services are very risky.

Be Willing to Work Hard
The fourth key to finding a new product or service is this. Don't look for easy money. Don't look for gimmicks or useless knickknacks. Don't look for get-rich-quick schemes or rewards without working, because they're aren't any.

More people have wasted more time and more life and more money trying to find quick ways to make easy money than you can possibly imagine. So be willing to put in a lot of hard work before you start making real money in a business.

Success Takes Time
It takes two years to break even in the average business. It takes four years to show a profit. It takes maybe eight to ten years before it starts to generate real cash flow. So you have to be patient. If you're impatient, what will happen is you'll end up setting yourself further back than you can imagine.

Think Like a Millionaire ~ Brian Tracy

2008-08-23T23:30:00.000-07:00

Attitude is Everything
The most important attitude for financial success is long-term thinking. Successful people think a long way into the future and they adjust their daily behaviors to assure they achieve their long-term goals. In a longitudinal study done at Harvard University in the 50s and 60s, they studied the reasons for upward socio-economic mobility. They were looking for factors that would predict whether or not an individual or family was going to move upward and be wealthier in the future than in the present.

They studied factors like education, intelligence, being born into the right family, or having the right connections. In every case, they found individuals who had been born with every blessing in life who did poorly. They also found individuals who had been born or come to this country with no advantages at all who had been extremely successful. What was the distinguishing factor?

They finally determined that there was only one key attitude that mattered. They called it "Time Perspective." Time perspective refers to the amount of time that you take into consideration when planning your day to day activities and when making important decisions in your life.

Time Perspective
People with long-time perspective invariably move up economically in the course of their lifetimes. When you spend weeks, months and years developing your skills and ability and expanding your experience in order to be successful, you have long-time perspective. The average professional person has a time perspective of 10, 15 and 20 years.

Begin to see that everything that you are doing today is part of a long-time continuum, at the end of which you are going to be financially independent or financially unfortunate. People with short-time perspective think only about fun and pleasure in the short term. They have what economists call "The inability to delay gratification." They have an irresistible tendency to spend every single penny they earn and everything that they can borrow.

When you develop long-time perspective, you develop the discipline to delay gratification and to save your money rather than spending it. The combination of long-time perspective and delayed gratification puts you onto the high road to financial independence.

The Key to Leadership ~ Brian Tracy

2008-08-23T23:28:00.000-07:00

The Foremost of the Values
Winston Churchill once said, "Courage is rightly considered the foremost of the virtues, for upon it all others depend." The systematic development of the deep down quality of unflinching courage is one of the fundamental requirements for leadership in any field. Fear, or the lack of courage is more responsible for failure in management, and in life, than any other factor. It is always fear that causes people to hold back, to sell themselves short, to settle for far less than they are capable of!

Eliminate Fear and Doubt
I firmly believe that you can do, have or be far more than you now know if only you could eliminate the fear, doubts and misgivings that consciously and unconsciously interfere with your realizing your full potential.

Unlearn Your Fears
If there is anything positive about fear, it is that all fears are learned, that no one is born with fears, and that having been learned, they can be unlearned. If you want to understand the role of fear in shaping the course of your life, just ask yourself, if you had a magic wand that would absolutely guarantee you success in any one thing you attempted, what goal would you set for yourself.

The Great Question
"What one great thing would you dare to dream if you knew you could not fail?" If you had no fears at all with regard to money or the criticism of others, what would you do differently? Most people can think of all kinds of changes they would, or could, make in their lives if they had no fears to hold them back.

The Origins of Fear
The development of courage begins with understanding the psychological origins of fear. The newborn child has only two fears; the fear of falling and the fear of loud noises. All other fears that we experience as adults are learned as we are growing up, primarily as the result of well-meaning but destructive criticism from our parents.

How Fears Develop
When the curious child gets into things and makes a mess, the parent scolds and punishes the child, eventually building up a pattern of fear connected with trying or getting into anything new or different. As adults, we experience this as the fear of failure, the fear of risking, of making a mistake, of losing.

Accepting Yourself Unconditionally ~ Brian Tracy

2008-08-23T23:26:00.000-07:00

How Are You Treated By Others?
Self-acceptance begins in infancy, with the influence of your parents and siblings and other important people.

Your own level of self-acceptance is determined largely by how well you feel you are accepted by the important people in your life.

Your attitude toward yourself is determined largely by the attitudes that you think other people have toward you. When you believe that other people think highly of you, your level of self-acceptance and self-esteem goes straight up.

The best way to build a healthy personality involves understanding yourself and your feelings.

Let the Light Shine In
This is achieved through the simple exercise of self-disclosure. For you to truly understand yourself, or to stop being troubled by things that may have happened in your past, you must be able to disclose yourself to at least one person. You have to be able to get those things off your chest. You must rid yourself of those thoughts and feelings by revealing them to someone who won't make you feel guilty or ashamed for what has happened.

Understand What Makes You Tick
The second part of personality development follows from self-disclosure, and it's called self-awareness. Only when you can disclose what you're truly thinking and feeling to someone else can you become aware of those thoughts and emotions If the other person simply listens to you without commenting or criticizing, you have the opportunity to become more aware of the person you are and why you do the things you do. You begin to develop perspective, or what the Buddhists call "detachment."

Be Honest With Yourself
Now we come to the good part. After you've gone through self-disclosure to self-awareness, you arrive at self-acceptance. You accept yourself for the person you are, with good points and bad points, with strengths and weaknesses, and with the normal frailties of a human being. When you develop the ability to stand back and look at yourself honestly, and to candidly admit to others that you may not be perfect but you're all you've got, you start to enjoy a heightened sense of self-acceptance.

Do An Inventory of Your Accomplishments
A valuable exercise for developing higher levels of self-acceptance involves doing an inventory of yourself. In doing this inventory, your job is to accentuate the positive and minimize the negative.

Think of your unique talents and abilities. Think of your core skills, the things that you do exceptionally well that account for your success in your profession and in your personal life right now.

Think About Your Future
Think about your future possibilities and the fact that your potential is virtually unlimited. You can do what you want to do and go where you want to go. You can be the person you want to be. You can set large and small goals and make plans and move step-by-step, progressively toward their realization. There are no obstacles to what you can accomplish except the obstacles that you create in your mind

Consider the Consequences ~ Brian Tracy

2008-08-23T23:24:00.000-07:00

The mark of the superior thinker is his or her ability to accurately predict the consequences of doing or not doing something. The potential consequences of any task or activity are the key determinants of how important it really is to you and to your company. This way of evaluating the significance of a task is how you determine what your next frog really is.

Long Time Perspective
Doctor Edward Banfield of Harvard University, after more than 50 years of research, concluded that "long-time perspective" is the most accurate single predictor of upward social and economic mobility in America. Long time perspective turns out to be more important than family background, education, race, intelligence, connections or virtually any other single factor in determining your success in life and at work.

Your attitude toward time, your "time horizon," has an enormous impact on your behavior and your choices. People who take the long view of their lives and careers always seem to make much better decisions about their time and activities than people who give very little thought to the future.

Think About Your Future
Successful people have a clear future orientation. They think five, ten and twenty years out into the future. They analyze their choices and behaviors in the present to make sure that they are consistent with the long-term future that they desire.

In your work, having a clear idea of what is really important to you in the long-term makes it much easier for you to make better decisions about your priorities in the short-term.

Determine the Consequences
By definition, something that is important has long-term potential consequences. Something that is unimportant has few or no long-term potential consequences. Before starting on anything, you should always ask yourself, "What are the potential consequences of doing or not doing this task?"

The clearer you are about your future intentions, the greater influence that clarity will have on what you do in the moment. With a clear long-term vision, you are much more capable of evaluating an activity in the present and to assure that it is consistent with where you truly want to end up.

Make It A Top Priority
If there is a task or activity with large potential positive consequences, make it a top priority and get started on it immediately. If there is something that can have large potential negative consequences if it is not done quickly and well, that becomes a top priority as well. Whatever your frog is, resolve to gulp it down first thing.

Keep Motivated
Motivation requires motive. The greater the positive potential impact that an action or behavior of yours can have on your life, once you define it clearly, the more motivated you will be to overcome procrastination and get it done quickly.

Thinking continually about the potential consequences of your choices, decisions and behaviors is one of the very best ways to determine you true priorities in your work and personal life.

How to Succeed in Business ~ Brian Tracy

2008-08-23T23:17:00.000-07:00

Build Your Own Business
The high road to becoming a self-made millionaire in America is starting and building your own business. But this is not as easy as it sounds. Most businesses started by inexperienced people fail.

Probably the primary reason why people don't start businesses is because they're afraid that they're going to lose their money and for good reason. 99 percent of businesses started by people lacking business experience fail within the first two or three years.

Why Businesses Fail
And why is that? It's because they don't know how to succeed. They haven't the slightest idea how to make a business successful. They may have an idea for a product or service, but they don't know all the things that they need to know to run a successful business.

Why Businesses Succeed
However, surprisingly enough, 80 percent of businesses started by experienced businesspeople succeed. Now why should this be so? The reason is because experienced businesspeople know what to do. They know how to purchase their products and their services. They know how to negotiate with their suppliers. They know how to raise money. They know how to negotiate leases. They know how to sell and to market. They know how to manage their finances. In other words, experience is the key. In order to start your own business and succeed, you have to learn how.

Competence Makes the Difference
Now according to Dunn and Bradstreet, 96 percent of businesses in America that fail, fail because of what is called "managerial incompetence". Managerial incompetence means that the people running the businesses don't know what they're doing. And here are the two critical areas of managerial incompetence that cause business failure.

First is sales and marketing. 48 percent of businesses that fail in America fail because the business cannot sell enough of its products or services. Very few businesses fail when they have high levels of sales and revenues coming in.

Control Your Costs
The second reason that businesses fail, 46 percent, is because of poor cost control. They may be selling enough on the front end, but they're losing so much on the back end that they go broke anyway. Sales and marketing, financing and cost control, both require experience. And if you're serious about becoming financially independent, you have to learn how to do both of these.

Put Luck On Your Side
You must learn the skills you need to be successful. Business success is not a matter of luck. Business success is a matter of application. It's a matter of ability. It's a matter of experience and skill and intelligence, and wonderfully enough, you can learn what you need to know to be successful. And you can start by learning through on-the-job training, which is called OJT. Most successful businesspeople become successful because they get all their training by working for someone else.

The Law of Capital ~ Brian Tracy

2008-08-23T23:14:00.000-07:00

The Law of Capital - your most valuable asset, in terms of cash flow, is your physical and mental capital, your earning ability.

Your Earning Ability
You may not even be aware that, unless you are wealthy already, your ability to work is the most valuable asset that you have. By utilizing your earning ability to its fullest, you can bring thousands of dollars each year into your life. By applying your earning ability to the production of valuable goods and services, you can generate sufficient money to pay for all the things that you want in life. The amount of money that you are paid today is a direct measure of the extent to which you have developed your earning ability so far.

Use Your Time Well
The first corollary of the Law of Capital says: "Your most precious resource is your time." Your time is really all you have to sell. How much time you put in and how much of yourself you put into that time, largely determines your earning ability. Poor time management is one of the major reasons for poor productivity and underachievement in every industry in America. It is the number one problem for both managers and salespeople in every field.

Invest Yourself Carefully
The second corollary of the Law of Capital says: "Time and money can be either spent or invested." One of the smartest things that you can do is to invest three percent of your earnings every month back into yourself on personal and professional development, on becoming better at the most important things you do. In fact, if you just invested as much in your mind each year as you do in your car, that alone could make you wealthy.

Invest one hour of your time reading in your field every day. Listen to audio programs in your car. Attend every course that can advance you in your career. Get personal and professional coaching to help you to get the very best out of yourself.

Get Better At the Things You Do
There is nothing that will give you a bigger and better "bang" for your buck than reinvesting a part of your time and money back into your capability to earn even more. All wealthy and successful Americans have learned this sooner or later, and all poor and unhappy Americans are still trying to figure it out.

Increase Your Return on Life
The third corollary of the Law of Capital says: "One of the best investments of your time and money is to increase your earning ability."

The purpose of corporate strategic planning is to increase "return on equity" or ROE. This requires organizing and reorganizing corporate activities so that the company is earning a higher return on the capital invested in the organization. In your work life, your personal equity is your mental and emotional capital. Your job then is to earn the highest possible return on your human capital, to increase your "return on energy." This way of viewing yourself must become a key part of your attitude throughout your work life.

Eight Steps to Problem Solving ~ Brian Tracy

2008-08-23T23:11:00.000-07:00

There is a simple eight step method for systematic problem solving. By solving problems in an orderly way, you can dramatically increase the power of your thinking.

Proceed With A Positive Attitude
First, approach the problem with the expectant attitude that there is a logical practical solution just waiting to be found. Be relaxed, calm, confident and clear in your mind.

Second, change your language from negative to positive. Instead of the word "problem," use the word "situation." Problem is a negative word while situation is a neutral word. "We have an interesting situation", is better than, "We have a problem."

Define the Situation Clearly
The third step in systematic problem-solving is to define the situation clearly, in writing. "Exactly what is the situation?" Then ask, "What else is the situation?" Sometimes stating the problem in different words makes it much easier to solve.

Once, when I was working with the Chamber of Commerce, I came to the attention of a senior executive who hired me away from the company I was working for a year later at triple the salary. Meeting people is very important. Network at every opportunity.

Fully 50% of situations can be resolved by accurate definition.

Identify Causes and Solutions
Step number four is to, ask "What are all the possible causes of this situation?" Failure to identify the causes or reasons for the situation often causes you to have to solve it again and again. Fully 25% or more of situations can be effectively dealt with by discovering the correct causes.

Step number five is to ask, "What are all the possible solutions?" Write out as many solutions or answers to the situation as possible before moving on. The quantity of possible solutions usually determines the quality of the solution chosen.

Clear Decisions Are Key
Step number six is to "Make a clear decision." Usually any decision is better than none.

Step number seven is to "Assign clear responsibility for carrying out the decision and then set a deadline for completion and review." Remember, a decision without a deadline is just a fruitless discussion.

Finally, step number eight is to follow-up, monitor the decision, compare actual results with expected results and then generate new solutions and new courses of action.

Develop A Sense of Urgency ~ By Brian Tracy

2008-04-07T08:25:00.000-07:00

Perhaps the most outwardly identifiable quality of a high performing man or woman is "action orientation."

Take Time to Think and Plan
Highly productive people take the time to think, plan and set priorities. They then launch quickly and strongly toward their goals and objectives. They work steadily, smoothly and continuously and seem to go through enormous amounts of work in the same time period that the average person spends socializing, wasting time and working on low value activities.

Getting into "Flow"
When you work on high value tasks at a high and continuous level of activity, you can actually enter into an amaz ing mental state called "flow." Almost everyone has experienced this at some time. Really successful people are those who get themselves into this state far more often than the average.

In the state of "flow," which is the highest human state of performance and productivity, something almost mirac ulous happens to your mind and emotions. You feel elated and clear. Everything you do seems effortless and accurate. You feel happy and energetic. You experience a tremendous sense of calm and personal effectiveness.

Become a high achiever by getting more done in less time
Wouldn't you like to have more success, today? I have figured out a way to help you achieve your daily tasks in less time. With my organization skills, you can really focus on what is important in your daily work. When you separate the urgent from the important, you can plan every day in advance.

Become More Alert and Aware
In the state of "flow," identified and talked about over the centuries, you actually function on a higher plane of clarity, creativity and competence. You are more sensitive and aware. Your insight and intuition functions with incredible precision. You see the interconnectedness of people and circumstances around you. You often come up with brilliant ideas and insights that enable you to move ahead even more rapidly.

Develop a Sense of Urgency
One of the ways you can trigger this state of flow is by developing a "sense of urgency." This is an inner drive and desire to get on with the job quickly and get it done fast. This inner drive is an impatience that motivates you to get going and to keep going. A sense of urgency feels very much like racing against yourself.

Create a "Bias for Action"
With this ingrained sense of urgency, you develop a "bias for action." You take action rather than talking continually about what you are going to do. You focus on specific steps you can take immediately. By employing this technique you concentrate on the things you can do right now to get the results you want and achieve the goals you desire.

Action Exercises
Here are two things you can do immediately to put these ideas into action:

First, select one major task confronting you and launch into it immediately. Don't hesitate. Move fast.

Second, start doing this every morning, first thing, until it becomes a habit.

Why Money Is Good By: Brian Tracy

2008-04-04T22:10:00.000-07:00

The way you think about money will determine how much of it you accumulate more than any other factor. Your attitude toward money affects your emotions and your motivations.

Do You Feel That You Have Enough?
In psychology, money is what is called a "deficiency need." This means that it only motivates you when you feel deficient in it, when you don't feel that you have enough. Above a certain level, when you feel that you have enough, it is no longer a motivator. Put another way, when you have enough money, you don't think about it very much. But when you have too little, you think about it all the time.

Determine Your Attitude Toward Money
The effect money has on your emotional life depends on your attitude toward it. If you feel that you have too little, money can become an obsession for you. It can dominate your thinking, feelings and actions. Arguments over money are a major reason for marital breakdown. Problems with money are the primary reason for business failure, the ruination of friendships and psychosomatic illnesses of all kinds. It's not uncommon for people to even kill themselves over money problems.

Practice the Reality Principle
The Reality Principle applies especially to matters of money. This principle states that, "You must deal with life as it is, not as you wish it were, or could be." Most people live in a world of partial self-delusion, with regard to money. They wish, hope, and pray about their financial futures while at the same time, deep in their hearts, they know their dre ams will never mat erialize. In Lewis Carroll's book, Alice in Won derland, one of the characters says quite happily that he is quite capable of believing several impossible things before breakfast each day. In the same way, many people believe quite impossible things about money and then they wonder why they are having so many financial problems.

Overcome Deep Sea ted Beliefs
One of the most common obstacles to achieving financial ind ependence is a deep-sea ted belief that somehow money is wrong and that people who have a lot of it are inherently evil. This belief is not based on any factual foundation. It goes back to early childhood conditioning when the growing child is often told this because of other people's desire to rationalize away their own financial failures.

Money Is Good
The fact is that money is good. It takes money to buy homes, cars, clothes, food and most of the good things in life. Money has an energy of its own and it is largely attracted to people who treat it well. Money tends to flow toward those people who can use it in the most productive ways to produce valuable goods and services, and who can invest it to create emp loyment and opportunities that benefit others. At the same time, money flows away from those who use it poorly, or who spend it in non-productive ways.

Action Exercises
Here are two things you can do immediately to improve your attitude toward money:

First, be perfectly honest to yourself with regard to money and to the amount you want to acquire in life. Pretending that you don't care about money when you really do will only make you unhappy.

Second, begin today to think about all the wonderful things that you could have in your life if you had more money. Then, begin to think of all the things that you could do to increase the amount you ear n and the amount you keep

Buffett’s Phenomenal Record: Doubling His Money Every Three Years!‏ ~ Adam Khoo

2008-04-04T22:01:00.000-07:00

Over the last 49 years, Warren Buffett managed to achieve a 24.7% annual compounding rate of return, which means he doubled his money every 2.9 years for half a century!

He turned an investment of $100,000 into a staggering $42 billion. How was he able to consistently beat the market (only 10% of professional fund managers are able to beat the S&P 500 Index every year) and all the smartest money managers on Wall Street?

Well, it was because his beliefs, philosophies and investing strategies went totally contrary to the average money manager or individual investor.

This is why Buffett is known as a 'Selective Contrarian Value Investor'. When most people started selling a stock, he would jump in and buy as much as he could (if he knew it was actually a good company that was under-priced) and when everyone starting buying astock and pushing the price up, he would sell for a huge profit.

During the Dot Com euphoria that drove the stock market to new highs in 1999-2000, just about every investor was buying into technology stocks and ignoring old-economy stocks. Everyone... that is, except Warren Buffett.

He did the complete opposite by selling all the stocks he owned and held on to cash, sensing that the biggest crash in history was going to come.

By understanding the true worth of the technology companies, he knew that their stock prices were insanely overvalued. However, everyone started criticizing the old man for losing his touch and missing out on a great bull run.

Sure enough, the market plunged by over 40% over the next year and turned former stock market millionaires into bankrupts. All the funds on Wall Street lost millions of dollars, except WarrenBuffett's company Berkshire Hathaway.

Once the market hit rock bottom and everyone avoided buying anything, Buffett took all his cash and picked up some of the most valuable companies for half their price, now that panic had caused companies to become undervalued as he expected. Within the next three years, he sat on billions of dollars in profit.

Today, his company Berkshire Hathaway is the most expensive companyin the world, with a share price of over $100,000 per share!

Buffett proves that he is a legendary investor whose methodologies and mindset are definitely worth learning and modeling after.

Quotes of the Day

2008-02-04T18:04:00.001-08:00

"You can become an even more excellent person by constantly setting higher and higher standards for yourself and then by doing everything possible to live up to those standards." ~ Brian Tracy

The Law of Posteriorities ~ By Brian Tracy

2008-02-04T18:00:00.000-08:00

You can only gain control of your life to the degree to which you stop doing things that are no longer as valuable or as important to you as other things you could be doing.

Your Dance Card Is Full
You already have too much to do and too little time in which to do it. The average person today is working at about 110% of capacity, or more. Your dance card is full. You do not have any spare time.

Change Your Priorities
As your life changes, your priorities change as well. Certain things that were important at one stage of your life or career are no longer as important as you move to another stage of your life or to another level of responsibility.

You must continually ask yourself, "What activities in my life can I cut back on, delegate, or discontinue to free up more time for my most important activities?"

Master your time and master your life!
Wouldn't you like to have more time available to get more done? To make more
money and have more time to spend doing the things you like, and being with the
people that make you happy?

It's easy... become the master of your time.

Decide What to Discontinue
To start anything new, you must stop doing something old. We say that "getting in means getting out."

Analyze your time carefully and have the courage to stop doing things that are no longer as important to you as other things could be.

Starting up means stopping off. Getting in requires getting out. You cannot take on something new without deliberately deciding to discontinue something else. What is it going to be?

Action Exercises
Here is how you can apply this law immediately:

First, analyze your work and make a list of the items that consume most of your time. Which of these activities could you discontinue or delegate to free up more time for higher value work?

Second, compare your daily activities against your annual income. Would you pay someone else your equivalent salary to do the things that you are doing? If you wouldn't, stop doing those things immediately and pass them onto someone who can do them almost as well as you can

Three Questions for Lifelong Happiness ~ By Brian Tracy

2008-02-04T01:29:00.001-08:00

You already have everything you need to create a wonderful life for yourself. You know everything you need to know to be your own best friend, a gentle guide, a teacher and a helper to yourself so you can be truly happy and fulfilled.

You can learn how to become your own psychotherapist for life, and how to resolve the difficulties that stand between you and personal joy.

Be Honest With Yourself
The starting point of becoming your own best friend is for you to be perfectly honest with yourself and your relationships. Refuse to practice self-delusion or hope for the best. For example, when something is making you unhappy, for any reason, the situation will tend to get worse rather than better. So avoid the temptation to engage in denial, to pretend that nothing is wrong, to wish and hope and pray that, whatever it is, it will go away and you won't have to do anything. The fact is that it probably will get worse before it gets better and that ultimately you will need to face the situation and do something about it.

Deal With Your Problem at a Higher Level
There's an old saying that you can't solve a problem on the level that you meet it. This means that wrestling with a persistent problem is often fruitless and frustrating. For example, if two people who are in a relationship together are constantly fighting and negotiating and looking for some way to resolve their difficulties, they may be attempting to solve the problem on the wrong level. Dealing with the problem on a higher level, those people would ask the question, "In terms of being happy, is this the right relationship for us in the first place?"

Find the Right Job For You
Many people work very hard and experience considerable frustration trying to do a particular job. However, in terms of their own happiness, the right answer might be to do something else, or to do what they're doing in a different place, or to do it with different people-or all three. Here are a few questions for you to answer in this arena of happiness. Write them down at the top of a sheet of paper, and then write as many answers to each one as you possibly can.

What Would It Take?
The first question is: "What would it take for me to be perfectly happy?" Write down every single thing that you can imagine would be in your life if you were perfectly happy at this very moment. Write down things such as health, happiness, prosperity, loving relationships, inner peace, travel, car, clothes, homes, money, and so on. Let your mind run freely. Imagine that you have no limitations at all.

What is Holding You Back?
The second question is a little tougher. Write down at the top of a page this question: "In what situations in my life, and with whom, am I not perfectly happy?" Force yourself to think about every part of your day, from morning to night, and write down every element that makes you unhappy or dissatisfied in any way. Remember, proper diagnosis is half the cure. Identifying the unsatisfactory situations is the first step to resolving them.

Determine Your Happiest Moment
The third question will give you some important guidelines. Write down at the top of a sheet of paper these words: "In looking over my life, where and when have I been the happiest? Where was I, with whom was I, and what was I doing?"

Decide What to Do
Once you have the answers to those questions, think about what you can do, starting immediately, to begin creating the kind of life that you dream of. It may take you a week, a month, or a year, but that doesn't matter. Every single thing you do that moves you closer to your ideal vision will be rewarding in itself. You'll become a more positive and optimistic person. You'll feel more confident and more in charge of your life, and you'll achieve true peace of mind.

Quote of the day

2008-02-03T03:54:00.001-08:00

"High achievement always takes place in the framework of high expectation."
-- Charles Kettering, Inventor

"The Strategy of the Master Investor" ~ By Adam Khoo

2008-02-03T03:51:00.000-08:00

There are three major steps that master investors take and they are: 1) identify very good businesses, 2) buy them only at a huge discount and 3) wait for the market to realize its true value or overvalue it.

Step 1: Identify Very Good Businesses

Always remember that when you are buying a stock, you are not buying a lottery ticket but you are buying part-ownership of a company.

If you want the value of your stock to increase over time, you must identify and invest in very good businesses. Thus, you must truly understand the business behind the stock.

All master investors invest from a business perspective.

What is a very good business? It is one where we can predict with confidence that, over the long-term, it’s annual earnings and hence stock value will increase (if a company can make increasingly higher profits in the future, it would become more valuable). When the value of the company increases, the stock price will eventually increase.

While bad news and disasters like wars, recessions and new competition will always cause the market to panic and stock prices to plunge, a very good business is one that we are confident will always recover and prosper after such events.

In this case, you don’t have to depend on market predictions for your stock’s price to rise, but you are certain it will rise because of its strong business fundamentals and earnings.

Step 2: Buy them Only At A Huge Discount

Very good companies with strong earnings, financial strength and high growth potential are usually expensive to buy (the stock price is overvalued).

However, the market always goes through booms and busts and there will always be short-term bad news that hits a company (e.g the company reports lower than expected profits).

It is under these circumstances that the irrational short-term orientated market will panic and sell the stock until its price is way below its intrinsic value.

The master investor, knowing the true value of the stock, will buy as much as he can at such times, thereby getting a huge ‘discount’. He knows that the market will eventually come to its senses and recover, correcting the stock price and bringing it up to its true value.

This is when very substantial returns are made for the investor who is patient and confident in his purchase.

Step 3: Wait for the Market to Realize a Stock’s True Value or Overvalue It.
The best time to sell is when the stock market is booming or there is good news that makes the market overreact. Investors will flock to buy up so much stock that the prices of all stocks rise above their intrinsic value.

When a stock is highly overvalued, it is a good time to sell as you will make a huge profit.

Empowering Others ~ By Brian Tracy

2008-02-03T03:48:00.000-08:00

Get the Cooperation of Others
Empowering people is the key to building a high-performance team. Once you empower people by learning how to motivate and inspire them, they will want to work with you to help you achieve your goals in everything you do. Your ability to enlist the knowledge, energy and resources of others enables you to become a multiplication sign, to leverage yourself so that you accomplish far more than the average person and in a far shorter period of time.

Determine the Key People to Empower
There are three types of people that you want to and need to empower on a regular basis. They are, first of all, the people closest to you: your family, your friends, your spouse and your children. Second are your work relationships: your staff, your coworkers, your peers, your colleagues and even your boss. Third are all the other people that you interact with in your day-to-day life: your customers, your suppliers, your banker, the people with whom you deal in stores, restaurants, airplanes, hotels and everywhere else. In each case, your ability to get people to help you is what will make you a more powerful and effective person.

Always Be PositiveEmpower means "putting power into," and it can also mean "bringing energy and enthusiasm out of." So the first step in empowering people is to refrain from doing anything that disempowers them or reduces their energy and enthusiasm for what they are doing.

There are things you can do every single day to empower people and make them feel good about themselves.

Satisfy the Deepest Needs
The deepest need that each person has is for self-esteem, a sense of being important, valuable and worthwhile. Everything that you do in your interactions with others affects their self-esteem in some way. You already have an excellent frame of reference to determine the things that you can do to boost the self-esteem and therefore the sense of personal power of those around you. Give them what you'd like for yourself.

Continually Express Appreciation
Perhaps the simplest way to make another person feel good about himself or herself is your continuous expressions of appreciation for everything that person does for you, large or small. Say "thank you" on every occasion.

Thank your spouse for everything that he or she does for you. Thank your children for their cooperation and support in everything that they do around the house. Thank your friends for the smallest acts of kindnesses. The more you thank other people for doing things for you, the more things those other people will want to do.

Parkinson's Law ~ By Brian Tracy

2008-02-01T22:02:00.000-08:00

Why People Succeed or Fail
Parkinson's Law is one of the best known and the most important laws of money and wealth accumulation. It was developed by English writer C. Northcote Parkinson many years ago and it explains why most people retire poor.

The Way the Law Works
This law says that, no matter how much money people earn, they tend to spend the entire amount and a little bit more besides. Their expenses rise in lockstep with their earnings. Many people are earning today several times what they were earning at their first jobs. But somehow, they seem to need every single penny to maintain their current lifestyles. No matter how much they make, there never seems to be enough.

The Key to Financial Success
The first corollary of Parkinson's Law says: "Financial independence comes from violating Parkinson's Law."

Parkinson's Law explains the trap that most people fall into. This is the reason for debt, money worries and financial frustration. It is only when you develop sufficient willpower to resist the powerful urge to spend everything you make that you begin to accumulate money and move ahead of the crowd.

Slow Down Your Spending
The second corollary of Parkinson's Law is: "If you allow your expenses to increase at a slower rate than your earnings, and you save or invest the difference, you will become financially independent in your working lifetime."

This is the key. I call it the "wedge." If you can drive a wedge between your increasing earnings and the increasing costs of your lifestyle, and then save and invest the difference, you can continue to improve your lifestyle as you make more money. By consciously violating Parkinson's Law, you will eventually become financially independent.

Brian Tracy Quote of the Day

2008-02-01T07:55:00.000-08:00

"A clear vision, backed by definite plans, gives you a tremendous feeling of confidence and personal power."

The Transformation Of Meaning... ~ By Adam Khoo

2008-02-01T07:45:00.000-08:00

Imagine that the company you have worked so hard for in the last 20 years decided that it was time to retrench you because they can replace you with someone at half your salary. How would you feel?

What meaning would you give to this experience?

Most people would feel angry, bitter and rejected. Because it means that their source of income and security is gone, cut off.

They would feel betrayed. They would feel that they have just wasted 20 years of their life. They would feel that they are too old and no longer of value! The meaning they attach to this experience would put them in a totally un-resourceful state.

What do you think will happen when people in such a state go for a new job interview? Will they impress upon their prospective new employer qualities of enthusiasm, passion, energy and drive?

Not likely. Chances are that they will unconsciously exhibit low self-esteem, bitterness and jadedness.

As a result, it will take them a long time to find someone who wants to hire them. Even if they eventually find another job, it may be a part-time job or one of much lower status and pay.

Now, in this new job do you think they will give their all? Most likely they would be thinking to themselves, 'What's the point? I gave my best years to my former company, look where it has gottenme?'

As a result, this person will reinforce the meaning he has attached to the retrenchment, that it was the worst thing that has ever happened to him.

At the same time, I have also seen many other people attach a totally different meaning to the same experience of retrenchment. To these positive people, retrenchment means that it is the company's great loss.

It means that they have the opportunity to start a new career or business in a field they have a whole lot more passion for. It means that they will finally be paid what they are worth!

And the 'bonus' is that they are getting a great pay-out which will be the seed money to get them started in a business they always wanted to be in, but never had a good reason to start. Getting retrenched also means that they have much more freedom and flexibility to plan ahead.

For those looking for a new employer, retrenchment could mean that they are glad to leave an ungrateful company and move to another where they would be more appreciated, whose corporate culture would be more in sync with theirs.

By framing retrenchment in this way, these people attach a whole different meaning to the same experience. They put themselves intoa total resourceful state of possibility, enthusiasm, motivation, passion and excitement.

They will be driven to upgrade their skills, hunt for new career opportunities and even start their own business. As a result of taking all this action do you think they will end up in a situation that is better than where they were previously?

Of course! I have so many (older) friends who were forced to start their own business after the 1987 recession and, because of this, many of them are a lot wealthier, happier and have a greater senseof freedom and purpose.

One of these enterprising people I know has just listed his shipping company and is personally worth $28 million. He keep ssaying that the layoff was the best thing that ever happened to him. Again, the meaning these people choose to give to their experience was the meaning they created.

Why is it that the same experience can destroy one person and empower another to a new level of success?

We re-present (frame) things very differently in our minds. Some people have a pattern of constantly framing experiences in such away that it dis-empowers them and puts them in un-resourceful states. Others constantly frame things in a way that gets them empowered and extremely resourceful.

So which re-presentation of The Experience is true? Is it a blessing or a curse? Is it an opportunity or a problem? However you choose to re-present the experience becomes true for you.

Trust Your Intuition ~ By Brian Tracy

2008-01-31T22:37:00.000-08:00

The Essence of Business Success
The essence of a successful business is really quite simple. It is your ability to offer a product or service that people will pay for at a price sufficiently above your costs, ideally three or four or five times your cost, thereby giving you a profit that enables you to buy and to offer more products and services.

Add Value in Some Way
The key to a successful business is to add value by bringing the product or service from another place to where you're selling it, or by creating the product or service and selling it at a price higher than your total cost of production. You become wealthy by either selling a few products or services at high prices, or by selling many products or services at lower prices with smaller profits.

The Best Strategy of All
The best strategy, of course, is to aim to sell a larger volume with a smaller profit on each item. Most great fortunes in America have been made selling large quantities of products over a wide area, thereby broadening the market and reducing your dependency on just a few customers.

Go From the Known to the Unknown
Early in my business career, I learned another key rule for business success and it's simply this. Start off in an established field and only experiment with new products or services out of your profits from your established business.

Success Leaves Tracks: Follow Them
One reason many entrepreneurs fail is that they have grandiose ideas of being the first into the market with a brand new, untried, unproven product. Don't you fall into this trap. As you begin to magnetize your mind with visual images of wealth and success, as you begin looking everywhere for profitable ideas, you will begin to attract into your life the people and opportunities you need to achieve your goals. I've learned from long experience that you must learn to trust your intuition, your gut feeling concerning any business decision.

Flood Your Mind With Ideas
Read every publication, explore every opportunity. Remain open to all ideas. But in the final analysis, trust yourself. Trust your inner voice to tell you the right thing to do. All great businesspeople become great by listening to their inner guide. It will never fail to lead you to your highest good and heaven help the person who refuses to listen to it.

Finding Your Magic Investing Formula ~ By Robert Kiyosaki

2008-01-31T05:19:00.000-08:00

People often ask me, "How do you find great investments?" My standard reply is, "You have to train your brain to see them. Great investments are all around you."

I know that's not a very satisfying answer. Most people want something more specific and concrete. But my reply is as accurate as possible. If we could've seen all the great investments just in the past decade, we'd all be multibillionaires.

Missing Out on Millions

There have never been more opportunities to become rich than in the last 10 years. And there'll be even more opportunities in the next 10.

Let me explain. Like many investors, I didn't see the power of eBay almost a decade ago. If I had, I'd be a billionaire today. Nor did I see the power of YouTube, or Google, or MySpace. Being an old guy, my brain isn't trained to see investing opportunities in cyberspace. So I missed them.

Thirty years ago, when my business career was just starting at Xerox, I was introduced to a new type of computer. I wasn't tuned into computers at the time, so little did I know that I was looking at the early version of what was to become the Macintosh. So I also missed that billion-dollar opportunity, too. How many billion-dollar opportunities have I missed? Maybe millions.

If I've missed so many million- and billion-dollar opportunities, why am I writing for Yahoo! Finance? That's a valid question, and the answer has to do with helping you find great investments.

Perseverance Pays Off

I took my first real estate investment course in 1974 in Honolulu. The cost was $385, and I believe it was two or three days long. Toward the end of the class, the instructor said something I've never forgotten: "Now you know the difference between good real estate investments and bad real estate investments. Now you all know what to look for."

He paused and then added, "The problem is, most people will tell you such investments don't exist. Your friends will tell you so, and so will real estate agents." Truer words were never spoken. For the next few months, I went from real estate office to real estate office, looking for investments. As promised, the real estate agents told me what I was looking for didn't exist. My friends and co-workers at Xerox told me the same thing, and said I was either dreaming or smoking funny cigarettes.

Finally, in a small, obscure real estate office in downtown Waikiki, I met a scruffy little broker who said, "I have what you want." The next weekend I was on a plane to Maui, where he'd found an entire condominium development that was in foreclosure.

I purchased my first piece of investment real estate for $18,000, putting the $2,000 down payment on my credit card. The one-bedroom/one-bath condo paid me a positive cash flow, even after all the expenses and mortgage payments. My investment career had begun. More important, I was training my brain to see what most people don't see. That $385 real estate course has made me millions of dollars over the years.

Keep an Open mind

Last month, around tax time, I wrote a Yahoo! Finance column called "Think Rich to Lower Your Taxes." It was about an investment strategy known as the "velocity of money," and how I use it to invest, make a lot of money, and then legally use the tax laws to minimize my own taxes. I suspected the column would spark some controversy, and it did.

For a couple of weeks, I kept track of the reader responses to it. Some of the less-complimentary comments reminded me of what those real estate agents and my friends at Xerox said to me back in 1974.

You see, our brains are either our greatest assets or our greatest liabilities. As I said, when it comes to investment opportunities in technology, my brain is a liability; I just don't get it. When it comes to investment opportunities in real estate, gold, oil, and silver I'm above average, but not great. And that's because I've trained my brain to see opportunities in those areas.

So, instead of criticizing the readers who were close-minded (or even mean-spirited) about my advice, I encourage them to keep an open mind and find their own way of seeing investments most people miss. That's how you get rich. People who refuse to open their minds to new strategies seldom become rich -- which I guess is why there are more critics in the world than rich people.

Finding Your Magic Formula

One of the most important things my rich dad taught me was to never say, "I can't do it" or "I can't afford it." Those thoughts are self-limiting, and it's hard to find great investments when you're basing your behavior on limitations. In today's world, there are more investing opportunities than ever before. Why would anyone want limited financial results in an unlimited world?

One of the reasons I write for Yahoo! Finance is so I can put forth ideas that challenge the way people think about investing. If you want the same old financial-planning dogma of "work hard, save money, live below your means, get out of debt, and invest in a well-diversified portfolio of mutual funds," then my column is obviously not for you.

My job is to stimulate your thinking, inform you about why rich people get richer, and encourage you to find the magic financial formula that works for you. I found mine, and I want you to find yours.

Keeping Your Business Ideas Fresh ~ By Robert Kiyosaki

2008-01-31T05:16:00.000-08:00

Sometimes life just isn't fair.

When I was growing up in the 1960s, my parents said to me, "Listen to your elders. You need to learn to respect their wisdom. Someday when you're older, young people will listen to you." So I listened to my parents and grew up respecting the wisdom of those older than I was.

But that notion has been turned upside down: Nowadays, people my age need to listen to and respect the wisdom of people who are younger than we are.

Ideas from an Earlier Age

In business, success often depends upon the relative age of your ideas. And today, people of all ages are in trouble because their ideas aren't just old, they're obsolete.

One example of an old idea is that of the traditional job. Jobs are a centuries-old concept created during the industrial revolution. Despite the reality that we're now deep in the Information Age, many people are studying for, or working at, or clinging to the Industrial Age idea of a safe, secure job.

Now people aren't just losing their jobs -- their jobs are migrating to foreign countries or disappearing altogether. As Alan Blinder, an economist and former vice chairman of the Board of Governors of the Federal Reserve System, says, "A new industrial revolution -- communication technology that allows services to be delivered electronically from afar -- will put as many as 40 million American jobs at risk of being shipped out of this country in the next decade or two." That's double the number of U.S. workers in manufacturing today.

In spite of such alarming figures, our schools still program kids to look for jobs. Advising people to go to school to learn to be an employee is as obsolete as advising young people to become peasants and work for a landlord. People need to be trained to be investors and entrepreneurs, not employees.

Obsolete Every 18 Months

My point is this: In a rapidly changing world, nothing is more dangerous than an idea whose time has come and gone. Just look at how Amazon.com has changed the world of brick-and-mortar booksellers such as Borders and Barnes & Noble, or how Skype is tearing down monster corporations like AT&T, or how Napster shot a torpedo into the record industry. Where do you think the people who work for those Industrial Age employers will be in 10 years?

As I said, people aren't losing their jobs -- jobs and companies are disappearing. I'm glad I listened to my rich dad and became an entrepreneur rather than the employee my poor dad wanted me to be.

Most people today realize that knowledge is doubling every 18 months. Does that mean that we now become obsolete every 18 months? Maybe so. Personally, it makes me feel like I need to assign an expiration date to my ideas, and update them regularly.

Many people my age are in serious financial trouble because they have old, Industrial Age ideas that they never update -- wanting job security, counting on a pension for life, relying on Social Security and Medicare -- while attempting to survive in the Information Age.

That's a mistake. Much of my company's revenue comes from the web, even though I remain a technophobe. My company survives because I've learned to respect the ideas of people younger than me, and recognize when my wisdom is obsolete.

Timeless Business Ideas

Although many business ideas go out of date every day, there are some that are timeless and essential regardless of the era we're in. Here are a few:

• Be passionate about your products and what your brand stands for. Brands die if the leader's passion dies, or if the leader's passion is simply to make money.

• Build a community. Good entrepreneurs are community builders, actively involved with their communities and dedicated to the community's well being. If you're dedicated to your community, it will be dedicated to you.

• Communicate clearly. Speak in the language of your customers. Don't attempt to baffle them with jargon in an attempt to appear smarter than they are.

• Tell it like it is, and don't be a phony. In business, there are too many people who will say anything to get their hands on your money.

• Be human. Don't be afraid to say, "I don't know" or "Can you help me?" If you're a good leader, people will be more than happy to help you build your business.

Now more than ever, we all need to be careful about whom we listen to. Just because someone is older than you no longer means they're wiser. Their ideas may have been good yesterday, but tomorrow they might be obsolete.

Secret of Self Made Millionaires

2008-01-31T04:55:00.000-08:00

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Wealth Information

2008-01-31T04:51:00.000-08:00

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Forex Trading

2008-01-31T04:47:00.000-08:00

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Thinking Big is the Best Plan ~ By Robert Kiyosaki

2008-01-30T17:54:00.000-08:00

Years ago, when I was just starting my real estate investing career, I came across a property with a for-sale sign on it. I called the broker and asked, "What can you tell me about the property, and how much does it cost?"

The broker politely and patiently said, "It's a commercial building with six tenants. There's a chiropractor, a dentist, a hairstylist, an accountant, and a bail bondsman. The price is two million dollars."

Losing Big

I almost choked. "Two million dollars?! That's way too expensive!"

Thirty years ago, $2 million was a lot of money. And instead of looking at the property, I let the price frighten me off. I never looked at the deal, and just assumed that the seller was crazy, greedy, and out of touch with the market.

Today, there's a luxury hotel on the same site. It's spectacular. I estimate the property to be worth at least $150 million, and maybe more.

Cheap Lessons

Not seeing the potential of that deal taught me many lessons. Here are two important ones:
• Sometimes you learn more by being stupid and making mistakes.
• The person with the better plan wins.

In the above example, my plan was just too small. In fact, the only plan I had at the time was to collect the rent money from the tenants, cover my mortgage and expenses, and put a little in my pocket. And 30 years ago, I knew that the rent from six small tenants couldn't possibly pay for a $2 million property.

I later learned that the property's eventual owner bought it for full price -- with terms. He put $50,000 down as an option and asked for 180 days to put the rest of his plan together. During those 180 days, he gathered his investors, a builder, and his tenant, a major hotel chain.

If he hadn't been able to put his plan together, he would've lost his option money. Instead, before the 180 days were up, his investors paid the $2 million in cash, and he spent the next three years getting the project through the city planning commission and finally began construction. He won because he had a better plan.

Mind Expansion

Donald Trump often says to "think big." He definitely does so, but by nature, I don't. My excuse is that I come from a small town in Hawaii. My family wasn't rich, so when it comes to money, I tend to think err on the side of caution. Over time, my thinking has become medium-sized when it comes to spotting opportunities, but I'd still like to think bigger.

One of the reasons I enjoy doing business in New York and having Trump as a partner on different projects is that he makes me do just that -- because if you don't think big in New York, you get kicked out. If I thought small, I wouldn't be on television, cutting book deals with major publishers, or talking in front of tens of thousands of people in arenas like Madison Square Garden.

Currently, I'm working on a real estate project to present to Donald. Consequently, I find myself pushing my thinking, expanding my context, and thinking of luxury, not just price. Even if Donald doesn't like the project and we don't partner on it, just preparing to present the project to him has required me to think bigger and come up with a better plan.

A Blast from the Past

About a year ago, someone called to say that there was a spectacular condominium that had just come up for sale. She wanted to know if I was interested in looking at it. Of course I said, "Yes." I wanted to see what her definition of spectacular was, and trust me -- it was spectacular. She then said, "And the price is only twenty-eight million dollars. But I believe you can pick it up for twenty-four million. At that price, this condo is a steal."

Once again, I heard myself saying what I said so long ago: "That's too expensive." But, as I said, that lesson from 30 years back proved to be priceless: After hearing the think-small person in me comment on the condo price, I took a deep breath and asked myself, "What's my plan?" Then I asked myself, "What's wrong with my plan?"

I didn't buy the condo, but I did come up with a better plan. Over the next few days, I realized that the reason I couldn't afford the condo was because my business was too small. If I wanted to afford such a luxury residence, I needed to come up with a better plan for my business. Today, I'm working harder than ever to improve it -- not because I want the condo, but to be able afford such a condo if I someday decide I want one.

Plan Ahead

In many of my Yahoo! Finance columns, I've written about my concern over the devaluation of the U.S. dollar. As the dollar drops in purchasing power, it often pushes up the prices of real assets -- quality real estate and equities. My fear is that many people may not be able to afford tangible assets and become poorer as the dollar declines. This drop in purchasing power also widens the gap between the rich and everyone else.

One method of staying ahead of rising asset prices and the declining dollar is to think bigger and come up with better plans. As important as financial and business planning is a plan for personal development and self-improvement. I'm often asked to invest in people's business plans, and one of the reasons I turn many of them down is because a big plan requires a big person who's spent time on personal development. In a lot of cases, a business plan is far bigger than the person with the plan -- that is, the dream is bigger than the dreamer.

Today, I'm glad I missed out on that $2 million property all those years ago. The best lesson I learned from it is that I can have a better life if I have a better plan -- and a plan to become better person. So what's your plan?

Investing in Better Research ~ By Robert Kiyosaki

2008-01-30T17:49:00.000-08:00

A few days ago, a reporter asked me if I was losing money in real estate. My reply was, "No, I'm making money."

Confused, he asked, "How can you be making money during the subprime disaster?" I explained that since the real estate market took a downturn, there were more people renting rather than buying, which is great for my apartment business. I also informed him that I'm raising rents since demand for affordable apartments is so high. When someone moves out, I increase the rent and new tenants line up, which means my cash flow is increasing.

He then asked, "Are you looking for new investments?"

A shocked look came over his face when I said, "I've been investing heavily in the stock market since August 2007. I've moved several million dollars into the market."

"The stock market?" he stammered. "Stocks are crashing. Why are you in the stock market? Besides, I thought you were a real estate investor?"

Ignorance Isn't Bliss

As Warren Buffett has said, it's important for society to have accurate and informed sources of information. While I agree, I sometimes wonder about the intelligence of many financial journalists, both in print and the electronic media.

For example, lately on financial TV stations, the reporters have been talking about the run-up in gold and asking, "Is it time to invest in gold and gold stocks?" What a ridiculous question. Now isn't the time to be investing in gold or gold stocks -- that time was 10 years ago, when gold was below $300 an ounce. Investors should've taken substantial positions when gold was cheap. For reporters to be talking about gold today is no different than them reporting on the hot real estate market in 2005, just before the top blew off.

I had dinner with a friend of a friend the other night and he was telling me about the Rothschild formula for investing. According to him, this involves not participating in the first 20 percent or the last 20 percent of an investment run-up. Instead, it's investing in the middle 60 percent, when risks are low and the direction of the price is determined. As the asset value approaches what appears to be the last 20 percent, you sell and move on to another asset class.

As we all know, most amateurs (and, possibly, many reporters) only participate in the last 20 percent.

Take Notes

I wondered if the reporter who asked why I was investing millions in stocks was an investor himself. I did my best to explain to him that there are two things professionals invest for: 1) Capital gains, and 2) Cash flow.

I said, "The amateurs who come in at the top 20 percent of a market are generally investing only for capital gains. In the last real estate boom, the 'flippers' who got no-document, zero-down loans paid very high prices, and hoped for a greater fool than them to take the property off their hands.

"These are some of the people being faced with forecloses today. They're the investors who make the news -- not the investors who are making money."

The reporter then asked me, "So what do you invest for?"

My reply? "Both. If I can, I want both capital gains and cash flow."

I went on to explain that I was investing millions in stocks that were paying a high dividend -- cash flow -- and also had their prices battered down by the market crash, a loss of capital gains.

Spelling It Out

He wasn't the brightest reporter, since he had trouble with the idea of investing for both cash flow and capital gains. After about an hour of explanation, he finally began to understand that I'm not just a real estate investor -- I'm someone who invests for capital gains at a great price, or cash flow at a great price, regardless of the asset class. If the deal is right, it doesn't matter if it's in real estate, commodities, a business, or paper assets.

Here's an example of capital gains for a great price: Back in the 1990s, every time I had some extra cash I would buy some gold or silver. Although I didn't receive any cash flow from gold or silver I knew I was purchasing the metals at a great price, and that someday those prices would rise again.

An example of buying for cash flow at a great price is when I buy a stock that pays a dividend. I wait until the stock market dips and then buy, which is what I'm currently doing. One of the better companies I've been buying is a bulk cargo shipping company that's hauling U.S. grains to India. The more the dollar drops in value, the more grains we export. Every time the market drops, I buy more of this stock at a great price, because I love the cash flow from dividends.

Finally, an example of buying both capital gains and cash flow at a great price is when I find an apartment building at a bargain, and then increase the rents. By doing so, I increase the cash flow and the property value, which translates into capital gains.

Leave It to the Pros

When I watch professional football, I love listening to John Madden because I know he knows what he's talking about. He's been both down in the trenches and in front of the bench as a coach. He knows the game. By that token, one financial reporter I respect is Bloomberg's Kathleen Hayes. She's a savvy reporter who knows what she's talking about. I wonder about some of the other financial reporters.

The problem with much of the financial news in print and on the web, radio, and television is that it comes from journalists who may not be investors. When I listen to most journalists whine and cry about the subprime mess, the slowdown in the economy, and the volatile stock market, I can all but tell that they're not really investors. None of these events really has much impact on professional investors, who follow market trends and are familiar with the underlying fundamentals of the assets they investing in.

So the next time you hear a reporter ask, "Is this the time to be getting into stocks, bonds, real estate, gold, silver, or oil?" remember that it's probably the time to be looking elsewhere. And keep in mind the Rothschild formula of investing. You never want to be too early -- and you also never want to be too late.

Achieve Successful Results through Visualization!‏ ~ Adam Khoo

2008-01-29T19:20:00.000-08:00

Many people have made use of the power of visualization to help them perform at their peak. This technique is favorably applied in the area of competitive sports where it is known as 'mental rehearsal'.

For many years, the Russians had always won and dominated the gymnastics event in the Olympic Games. The Americans trained just as hard and could not understand how the Russians were always able to perform at levels near perfection.

It was only much later that the Americans discovered that the Russians employed sports psychologists who contributed by designing mental training techniques as part of their regime.

The Russians' used a secret technique of spending a few hours a day visualizing themselves doing the perfect jumps, twists and landings. This technique largely contributed to them to displaying performances that were always near perfection!

Today, all top athletes use the power of visualization to performat their peak.

Another famous example, professional golf player Tiger Woods also talks about how he visualizes himself hitting the perfect ball and watching it land, even before he actually swings his club.

Mental vs Physical Training

There was an experiment done comparing mental training with actual physical training. A group of men were divided randomly into three basketball teams. They were asked to shoot from the free throw line and their scores were recorded. For the next three weeks, each teamwent through a different training routine.

The first team physically trained for four hours. The second team did not shoot any hoops physically but imagined themselves shooting perfect shots for two hours a day. The third team was the control group so they were asked not to train at all.

After three weeks, the 3 different teams were retested and their scores recorded. The first team that trained physically scored an average improvement of 30%.

The second team that trained mentally also scored an average improvement of 30%. The third team showed no signs of improvementat all.

This experiment showed that mental training is amazingly as effective as actual physical practice. And if you were to combine both aspects, there could be astonishing improvements in results.

Visualization is a useful and powerful technique anyone could benefit from. Through proper study and application of this technique, we will be able to bring about greater changes and results in all aspects of our life

Overcoming Any Odds! ~ By Adam Khoo

2008-01-29T01:27:00.000-08:00

We have heard so many stories of people who were born with all kinds of handicaps and despite all the odds stacked against them, they managed to create a life most others can only dream about.

Yet, many, despite being born with all the money, advantages, resources and opportunities choose to make nothing of themselves.In fact, many of them end up destroying their lives.

Here are some examples.

Oprah Winfrey - Street urchin to talk show host extraordinary

What would you say of a child who was born to a single 13-year-old mother who was struggling to survive on the streets? What would you say if I told you that this child became the victim of multiple physical and sexual abuses before the age of thirteen herself? She later became pregnant and gave birth to a still-born baby.

She often got into trouble with the law before the age of fifteen. You wouldn't bet too much hope on her future would you? What if I told you that this person was Oprah Winfrey, one of the richest and most successful women in the United States? And she is an Afro-American as well.

Superman to Paraplegic...and now an Inspiration to all

Now, think of Christopher Reeve. Many of us remember Reeves as invincible Superman. He not only had super strength but superpowers, he could literally fly. More than that, Christopher Reeve had the fantastic physique to make the role he played to super stardom, magical and believable.

Then, in 1994, a tragic horse riding accident left Reeve paralyzed from the neck down for life! Initially, the meaning he attached to the accident was that his life was over and that he would be a burden to everyone.

Utterly depressed Reeve wanted his doctors to take him off life support and allow him to die. It was his wife who asked him to give himself (and his family) two years. If, at the end of the two years, he felt the same way, they would find a way to let him go.

But as Reeve's rehabilitation began, surrounded by his very loving and supportive family and friends, he started to attach a totally different meaning to his disability. He began to see that he(because of his fame) could become an inspiration and symbol to all those who are suffering from various disabilities, and who have lost hope.

The meaning he gave to his experience put him in a resourceful state. As he continued to bear his massive disability stoically and improve, bit by bit, he started to write what went to become a best-selling book called 'Nothing is Impossible'.

Though imprisoned in his body, Reeve gave hundreds of moving speeches and inspiring seminars; he even directed a movie and won an academy award.

Millions around the world have been inspired by Reeve indomitable spirit and he has raised millions through the Christopher Reeve foundation.

Terry Fox's Marathon of Hope

Heard of Terry Fox, Canadian marathon runner? Well, at 18 Terry was diagnosed with cancer and had to have his right leg amputated.

Most people would see this as a tragedy and never, in theirw ildest dreams, would they see themselves running. Not Terry Fox.

This courageous man decided that he would use this experience to raise money for cancer research and make a difference to all cancer sufferers. So, despite having only one leg, Terry started to run across Canada to raise a million dollars.

Sadly, half way through his journey, Terry contracted another cancer, this time in his lungs. He was forced to stop his run and died on June 28, 1981. However, because of the inspiration that his courage had created, he raised over US$24 million for his cause.

Today, over $330 million has been raised around the world through the Terry Fox Marathon of Hope.

In all of our lives, there will always come a time when things seem unfair, that no matter how hard we work for something, we did not get what we believed we deserved. It may even be a terrible tragedy. Many people allow events such as these to destroy their self-esteem, their faith and belief about themselves and the essential goodness of others.

They allow these events to cripple them forever in taking action. But there are always others who use what appeared to be negative events/happenings to grow stronger, wiser and more powerful.

Time Management "Consider the Consequences" ~ By Brian Tracy

2008-01-28T23:06:00.000-08:00

The mark of the superior thinker is his or her ability to accurately predict the consequences of doing or not doing something. The potential consequences of any task or activity are the key determinants of how important it really is to you and to your company. This way of evaluating the significance of a task is how you determine what your next frog really is.

Long Time Perspective
Doctor Edward Banfield of Harvard University, after more than 50 years of research, concluded that "long-time perspective" is the most accurate single predictor of upward social and economic mobility in America. Long time perspective turns out to be more important than family background, education, race, intelligence, connections or virtually any other single factor in determining your success in life and at work.

Your attitude toward time, your "time horizon," has an enormous impact on your behavior and your choices. People who take the long view of their lives and careers always seem to make much better decisions about their time and activities than people who give very little thought to the future.

Think About Your Future
Successful people have a clear future orientation. They think five, ten and twenty years out into the future. They analyze their choices and behaviors in the present to make sure that they are consistent with the long-term future that they desire.

In your work, having a clear idea of what is really important to you in the long-term makes it much easier for you to make better decisions about your priorities in the short-term.

Time Power
In my 294-page book Time Power I present you with a proven, practical system guaranteed to help you get more done in less time. Filled with hundreds of powerful, practical, proven strategies, tools, and techniques, Time Power will help you take complete control of your time.

Buy Time Power today!

Determine the Consequences
By definition, something that is important has long-term potential consequences. Something that is unimportant has few or no long-term potential consequences. Before starting on anything, you should always ask yourself, "What are the potential consequences of doing or not doing this task?"

The clearer you are about your future intentions, the greater influence that clarity will have on what you do in the moment. With a clear long-term vision, you are much more capable of evaluating an activity in the present and to assure that it is consistent with where you truly want to end up.

Make It A Top Priority
If there is a task or activity with large potential positive consequences, make it a top priority and get started on it immediately. If there is something that can have large potential negative consequences if it is not done quickly and well, that becomes a top priority as well. Whatever your frog is, resolve to gulp it down first thing.

Keep Motivated
Motivation requires motive. The greater the positive potential impact that an action or behavior of yours can have on your life, once you define it clearly, the more motivated you will be to overcome procrastination and get it done quickly.

Thinking continually about the potential consequences of your choices, decisions and behaviors is one of the very best ways to determine you true priorities in your work and personal life.

Personal Success "Four Steps to a Super Attitude" By Brian Tracy

2008-01-28T05:30:00.000-08:00

Decide How to React
It is not what happens to you that counts. It is how you react to what happens to you, especially when you have unexpected problems of any kind.

In this newsletter, you learn powerful strategies you can use to keep yourself thinking and acting positively and creatively.

Here are four things you can do to assure that your attitude is the very best it can be, under all circumstances.

Focus On the Future
First, whatever challenges you face, focus on the future rather than on the past. Instead of worrying about who did what and who is to blame, focus on where you want to be and what you want to do. Get a clear mental image of your ideal successful future, and then take whatever action you can to begin moving in that direction. Get your mind, your thoughts, and your mental images on the future.

Think About the Solution
Second, whenever you’re faced with a difficulty, focus on the solution rather than on the problem. Think and talk about the ideal solution to the obstacle or setback, rather than wasting time rehashing and reflecting on the problem. Solutions are inherently positive, whereas problems are inherently negative. The instant that you begin thinking in terms of solutions, you become a positive and constructive human being.

Look For the Good
Third, assume that something good is hidden within each difficulty or challenge. Dr. Norman Vincent Peale, a major proponent of positive thinking, once said, “Whenever God wants to give us a gift, he wraps it up in a problem.” The bigger the gift you have coming, the bigger the problem you will receive. But the wonderful thing is that if you look for the gift, you will always find it.

Seek the Valuable LessonFourth, assume that whatever situation you are facing at the moment is exactly the right situation you need to ultimately be successful. This situation has been sent to you to help you learn something, to help you become better, to help you expand and grow.

Decide to Be Positive
A Positive Mental Attitude is indispensable to your success. You can be as positive as you want to be if you will simply think about the future, focus on the solution and look for the good. If you do what other successful people do, if you use your mind to exert mental control over the situation, you will be positive and cheerful most of the time. And you will reap the benefits enjoyed by all successful people.

Management Success "Fortune Favors the Brave" By Brian Tracy

2008-01-28T05:27:00.000-08:00

Boldness is a necessary part of courage but it must be a boldness based on an intelligent assessment of the potential risks and rew ards. The wonderful nature of boldness is that, properly directed, it builds the habit of courage in the person who practices it.

Act Boldly in Every Situation
In my experience, any virtue translated into action leads almost invariably to positive results. This applies to integrity, persistence, courtesy, love and courage. I’ve always liked the advice of an old man to his grandson. "Act boldly and unseen forces will come to your aid."

Take a Leap of Faith
Perhaps the most obviously important part of courage is the courage to step out in the face of uncertainty. Every great venture in the history of man has begun with faith and a giant leap into the unknown.

General Douglas MacArthur said, "There is no security in life, only opportunity." The creed of Frederick The Great, one of history’s most successful leaders was, "Audacity, audacity-always audacity."

Launch With No Guarantees
A 12-year study of successful entrepreneurs conducted by Babson College concluded that the only thing they had in common was the willingness to launch, to step out in faith. Once they had started, they learned the lessons they needed to succeed. Many of them ending up successful in completely different businesses from where they started.

Dare to Go Forward
Dare to go forward. Successful companies are invariably those that continue to research, develop, experiment and introduce new products and services - even during the deepest recessions. Successful executives are those who are continually stretching themselves to move out of the comfort zone, to face the twin fears of failure and rejection and to move forward in spite of them.

Financial Success "The Law of Capital" By Brian Tracy

2008-01-28T05:26:00.000-08:00

The Law of Capital — your most valuable asset, in terms of cash flow, is your physical and mental capital, your earning ability.

Your Earning AbilityYou may not even be aware that, unless you are wealthy already, your ability to work is the most valuable asset that you have. By utilizing your earning ability to its fullest, you can bring thousands of dollars each year into your life. By applying your earning ability to the production of valuable goods and services, you can generate sufficient money to pay for all the things that you want in life. The amount of money that you are paid today is a direct measure of the extent to which you have developed your earning ability so far.

Use Your Time Well
The first corollary of the Law of Capital says: “Your most precious resource is your time.” Your time is really all you have to sell. How much time you put in and how much of yourself you put into that time, largely determines your earning ability. Poor time management is one of the major reasons for poor productivity and underachievement in every industry in America. It is the number one problem for both managers and salespeople in every field.

Invest Yourself CarefullyThe second corollary of the Law of Capital says: “Time and money can be either spent or invested.” One of the smartest things that you can do is to invest three percent of your earnings every month back into yourself on personal and professional development, on becoming better at the most important things you do. In fact, if you just invested as much in your mind each year as you do in your car, that alone could make you wealthy.

Invest one hour of your time reading in your field every day. Listen to audio programs in your car. Attend every course that can advance you in your career. Get personal and professional coaching to help you to get the very best out of yourself.

Get Better At the Things You Do
There is nothing that will give you a bigger and better “bang” for your buck than reinvesting a part of your time and money back into your capability to earn even more. All wealthy and successful Americans have learned this sooner or later, and all poor and unhappy Americans are still trying to figure it out.

Increase Your Return on Life
The third corollary of the Law of Capital says: “One of the best investments of your time and money is to increase your earning ability.”

The purpose of corporate strategic planning is to increase “return on equity” or ROE. This requires organizing and reorganizing corporate activities so that the company is earning a higher return on the capital invested in the organization. In your work life, your personal equity is your mental and emotional capital. Your job then is to earn the highest possible return on your human capital, to increase your “return on energy.” This way of viewing yourself must become a key part of your attitude throughout your work life.

Financial Success "The Law of Capital" By Brian Tracy

2008-01-28T05:23:00.000-08:00

The Law of Capital — your most valuable asset, in terms of cash flow, is your physical and mental capital, your earning ability.

Your Earning AbilityYou may not even be aware that, unless you are wealthy already, your ability to work is the most valuable asset that you have. By utilizing your earning ability to its fullest, you can bring thousands of dollars each year into your life. By applying your earning ability to the production of valuable goods and services, you can generate sufficient money to pay for all the things that you want in life. The amount of money that you are paid today is a direct measure of the extent to which you have developed your earning ability so far.

Use Your Time Well
The first corollary of the Law of Capital says: “Your most precious resource is your time.” Your time is really all you have to sell. How much time you put in and how much of yourself you put into that time, largely determines your earning ability. Poor time management is one of the major reasons for poor productivity and underachievement in every industry in America. It is the number one problem for both managers and salespeople in every field.

Invest Yourself Carefully
The second corollary of the Law of Capital says: “Time and money can be either spent or invested.” One of the smartest things that you can do is to invest three percent of your earnings every month back into yourself on personal and professional development, on becoming better at the most important things you do. In fact, if you just invested as much in your mind each year as you do in your car, that alone could make you wealthy.

Invest one hour of your time reading in your field every day. Listen to audio programs in your car. Attend every course that can advance you in your career. Get personal and professional coaching to help you to get the very best out of yourself.

Get Better At the Things You Do
There is nothing that will give you a bigger and better “bang” for your buck than reinvesting a part of your time and money back into your capability to earn even more. All wealthy and successful Americans have learned this sooner or later, and all poor and unhappy Americans are still trying to figure it out.

Increase Your Return on Life
The third corollary of the Law of Capital says: “One of the best investments of your time and money is to increase your earning ability.”

The purpose of corporate strategic planning is to increase “return on equity” or ROE. This requires organizing and reorganizing corporate activities so that the company is earning a higher return on the capital invested in the organization. In your work life, your personal equity is your mental and emotional capital. Your job then is to earn the highest possible return on your human capital, to increase your “return on energy.” This way of viewing yourself must become a key part of your attitude throughout your work life.

Entrepreneurial Success "The Parable of Talents" By Brian Tracy

2008-01-28T05:19:00.000-08:00

The Parable of the Talents is the primary reason for wealth or poverty throughout history.

Reasons for Rich or Poor
Why do some people retire rich and most people retire poor? This subject has fascinated philosophers, thinkers, mystics and teachers throughout the ages. There have been so many cases of hundreds or thousands and even millions of men and women who have started with nothing and become financially independent that people are naturally curious to know why it happened and what are the common rules or principles that others can apply to become wealthy as well.

Why People Become Rich
One illustration of this key principle is called the parable of the talents. In the Bible, it says, "To him that hath, shall more be given, and he shall have abundance. But from him that hath not, even that which he hath shall be taken away."

Accumulation Leads to More AccumulationWhat does it mean? In the modern world, we say "the rich get richer and the poor get poorer." The fact is that people who accumulate money tend to accumulate more and more. People who don't accumulate money seem to lose even that little bit of money which they have. Why should this happen? The great success principle, the single idea that explains human destiny is simple. It says that, "you become what you think about, most of the time."

Control Your Thoughts
And whatever you dwell upon, grows in your reality. You create your entire world by the things you choose to think about and how you choose to think about them.

It just so happens that wealthy, successful people fill their minds with thoughts, words, pictures and images of wealth, affluence, success, productivity and solutions to problems in the marketplace, most of the time. These thoughts trigger the reticular activating cortex, the part of the brain that makes you more alert and sensitive to things that you have decided are important to you.

Activate Your Reticular Cortex
For example, if you decide to invest in a mutual fund, you will start to see news and information about mutual funds everywhere. Mentions in newspapers and magazines will jump out at you. These notices have always been there but now you have sensitized your brain to pick them up and draw them to your attention with far greater frequency and vividness. This is the function and power of your reticular cortex.

Avoid Poverty Thinking
On the other hand, what do poor people think about most of the time? Unfortunately, poor people fill their minds with thoughts of scarcity, lack, poverty, being unable to afford things. They are always thinking and talking about how little money they have, how much things cost and how they wish things could be better financially. What they think about most of the time is how little money they have.

Think Like Wealthy People ThinkWealthy people from an early age think about how much they have, how much they want and all the different things they can do to acquire and earn the money and things they desire.

Find Out How Rich People ThinkHere's a rule for you. If you want to become successful, find out what failures do and don't do it. If you want to be wealthy, find out what poor people think about, and avoid thinking in those ways. Instead, find out how wealthy people think. Find out what they read. Find out how they spend their time. Study their lives, read their stories and autobiographies and listen to their words when they are interviewed and on tape. The more you find out what financially successful people think and talk about most of the time, and do the same things, the more rapidly you will enjoy the same rewards that they do.

Sales Success: "Be Prepared to Ask" ~ By Brian Tracy

2008-01-28T05:14:00.000-08:00

If you make a perfect presentation, one that clearly explains the benefits and resolves all the doubts that a qualified prospect might have, the sale will often close all by itself, like a ripe apple dropping out of a tree into your hand. You will conclude your presentation, check to be sure that the prospect has fully understood the benefits and value to him of the offér and the prospect will say something like, "It sounds good to me, how do I get it? Will you take a check?"

Don't Count on Miracles
When you are dealing with a prospect who knows exactly what he wants and you structure your presentation so that you demonstrate to him that your product fills his needs perfectly, he can make a buying decision and invite you to wrap up the sale. But this kind of result in selling is similar to a miracle: it's not that miracles don't happen, it's just that you can't depend on them.

Be Prepared in Every Situation
You must go into every sales situation prepared for the likelihood that your prospect will have questions unanswered, concerns unresolved and objections to be overcome. Simultaneously, you must know a variety of ways to ask for the order at different points in the sales process, and you must be capable of recognizing which closing technique is most appropriate at any given time.

Like a master craftsman, you need a variety of tools with which to do excellent work. The best salespeople are invariably those who are the most skilled in the fine points of bringing the sales conversation to a positive conclusion.

Build the Relationship First
Your first job in the sales conversation, and throughout all of your interactions with the customer, is to build and maintain a relationship. It is to come across in a friendly way, to be warm, supportive, knowledgeable and completely focused on helping the customer to solve a problem or achieve a goal with your product or service.

Be Positive, Polite, and Persuasive
Because of the importance of trust in modern selling, you are never pushy, obnoxious or overly aggressive. You never to or say anything that can be construed as manipulative. You never attempt to influence your prospect to act contrary to his best interests. Your job is to thoroughly understand his situation and to give good recommendations that enable him to make the right buying decision.

Time Management "Plan and Prepare in Advance" ~ By Brian Tracy

2008-01-28T05:08:00.000-08:00

Use A Time PlannerA time planner, broken down by day, hour and minute, organized in advance, can be one of the most powerful, personal productivity tools of all. It enables you to see where you can consolidate and create blocks of time for concentrated work.

Eliminate All Distractions
During this working time, you turn off the telephone, eliminate all distractions and work non-stop. One of the best work habits of all is for you to get up early and work at home in the morning for several hours. You can get three times as much work done at home without interruptions as you ever could in a busy office where you are surrounded by people and bombarded by phone calls.

Create an Office in the Air
When you fly on business, you can create your office in the air by planning your work thoroughly before you depart. When the plane takes off, you can work non-stop for the entire flight. You will be amazed at how much work you can go through when you work steadily in an airplane, without interruptions.

Make Every Minute CountOne of the keys to high levels of performance and productivity is for you to make every minute count. Use travel and transition time, what is often called "gifts of time" to complete small chunks of larger tasks.

Remember, the pyramids were built one block at a time. A great life and a great career is built one task, and often, one part of a task, at a time. Your job in time management is to deliberately and creatively organize the concentrated time periods you need to get your key jobs done well, and on schedule.

Action Exercises
Here are two steps you can take immediately to put these ideas into action.

First, think continually of different ways that you can save, schedule and consolidate large chunks of time. Use this time to work on important tasks with the most significant long-term consequences.

Second, make every minute count. Work steadily and continuously without diversion or distraction by planning and preparing your work in advance. Most of all, keep focused on the most important results for which you are responsible.

"How To Allocate Your Money for Maximum Returns & Minimum Risk" ~ Adam Khoo

2008-01-26T22:36:00.000-08:00

So with all these money multiplication strategies, where should you put your hard earned savings? How should you allocate your funds to generate maximum gains yet minimize your risks?

I am sure you have heard of the term ‘don’t put all your eggs in one basket.’

Even though you are going to learn how to achieve minimum risk & maximum returns in each basket, it is still wise to allocate your funds into different instruments with different targeted holding periods.

In times of emergency when you need the cash, you can be sure that all your funds are not stuck in one place.

Now, here is an important disclaimer. In most financial textbooks, they advise diversifying your funds into many different investment vehicles like bonds, stocks, mutual funds, money markets instruments as well as spreading your money across numerous different sectors and different countries to diversify your risks.

To an average investor who has low financial competence and needs the wide diversification to lower risk, this makes sense. However, while this kind of broad diversification guarantees low risk, it also guarantees low returns of 5%-8%.

I personally do not follow this strategy. Warren Buffett advises that ‘broad diversification is used by people to protect themselves against their own ignorance.’

If you know what you are doing (high financial intelligence), you should concentrate your portfolio into equities (stocks & mutual funds) as they achieve the highest return. And you can achieve low risk not by simply spreading your money around, but by your competence of knowing which funds and stocks to pick.

So, the strategy I am going to share with you would be deemed highly risky by the general financial advisors and bankers. Again, it’s because most investors lack the competence to do otherwise.

However, with the strategies and knowledge you are gaining in this book, you will prove to yourself that it is actually low risk, high return strategy.

Knowing how to allocate the money you save is the single most important decision that will lead to your financial goals. You should take your monthly savings of 15-20% and allocate it to four money baskets. These are the security basket, growth basket, high growth basket and the luxury basket. Let me explain each of these.

1. Security Basket (Target Return of 1.5%-4.5%pa)
This first basket is as the name implies, for your security. The funds in this basket grow just enough to keep pace with inflation. However, they are there in case of emergencies.

If you suddenly lose your job, experience a salary cut or suffer a setback in your business, you know that you will have access to these funds anytime to see you through.

This basket should include cash, fixed deposits/certificates of deposits, personal housing, insurance & capital guaranteed funds.

2. Growth Basket 1 (Target Return of 8.51%-20%pa)This is the basket where you build your net worth & positive cash flow assets that will lead you to financial freedom.
This basket is where you put your money into index funds, Exchange Traded Funds (ETFs) and mutual funds.

You should also divide your funds between the US market and Asian markets. Although mentioned earlier that Asian equities have disadvantages, we cannot deny the huge growth opportunities that Asia offers (especially India and China).

3. Growth Basket 2 (15%-25%)
This is the basket where you ACCELERATE the building of your net worth & positive cash flow assets that will lead you to financial freedom. Once again, you should not have to touch this money for five to ten years to let the power of compounding work its magic.

This basket is where you put your money into a winning portfolio of ten to twelve company stocks. And again, you should hold some Asian stocks as well as US stocks.

4. Luxury Basket (0%)
Your luxury basket is where you save up to indulge in your dream assets. This is money that you can afford to spend on things that are fun like:

Upgrading to a dream house, luxury cars, jewelry, boats and other luxuries. Again remember from the chapter on ‘How the rich manage their cash flow’ that the money to be used for luxuries should not come from your primary source of income, but from the passive income generated from your positive cash flow assets.

Some More Quotes from Robert Kiyosaki

2008-01-25T22:06:00.000-08:00

"Your future is created by what you do today, not tomorrow"

"The size of your success is measured by the strength of your desire; the size
of your dream; and how you handle disappointment along the way."

"The only difference between a rich person and poor person is how they use
their time"

"Academic qualifications are important and so is financial education. They're
both important and schools are forgetting one of them."

"The poor, the unsuccessful, the unhappy, the unhealthy are the ones who use
the word tomorrow the most"

"I have a problem with too much money. I can't reinvest it fast enough, and
because I reinvest it, more money comes in. Yes, the rich do get richer."

"Do today what you want for your tomorrows"

"The most life-destroying word of all is the word tomorrow"

"Face your fears and doubts, and new worlds will open to you."

Ken McElroy - Rich Dad Advisor on Real Estate

2008-01-25T22:00:00.001-08:00

Kelly Ritchie - Rich Dad's Franchise

2008-01-25T21:59:00.001-08:00

Kim Kiyosaki - Rich Woman

2008-01-25T21:58:00.001-08:00

Mike Maloney - Rich Dad Advisor on Gold and Silver

2008-01-25T21:55:00.000-08:00

"Would You Bet 10-Cents On A Game of Golf?" ~ Adam Khoo

2008-01-19T22:51:00.000-08:00

Let me give you an example to illustrate the power of compounding. Let’s say we played a game of golf and we made a friendly bet of 10-cent on the first hole, with the bet doubling on each hole. Would you take on this bet?

Now, if you were familiar with the game of golf, you would know that there are only 18 holes, so how much can the bet be on the 18th hole?

Well let’s see how the bet increases on the first 9 holes:

Hole 1 10 cents
Hole 2 20 cents
Hole 3 40 cents
Hole 4 80 cents
Hole 5 $1.60

Hole 6 $3.20
Hole 7 $6.40
Hole 8 $12.80
Hole 9 $25.60

At the 9th hole, the bet is $25.60. We are already half way there, so how much could it be on the 18thhole? $100? $300? $500? Let’s go on…

Hole 10 $51.20
Hole 11 $102.40
Hole 12 $204.80
Hole 13 $409.60
Hole 14 $819.20

Hole 15 $1,638
Hole 16 $3,276
Hole 17 $6,553
Hole 18 $13,107

As you can see on the 18th hole, the bet becomes a whopping $13,107! When given enough time, the power of compounding can turn very small amounts of money into huge sums.

A more important lesson I want to illustrate is that initially, the money grows very slowly. Even at the halfway mark, it is only $25.60. However, the moment it reaches a critical point, the growth becomes exponential! In fact, between Hole 15 and Hole 18, within just 3 holes, it grows from $1,638 to $13,107, a $11,469 difference!

What does this mean to you? You see when you start your investment program of say $200 a month, initially the growth is extremely slow. However, once it hits a certain period of time, the growth explodes exponentially! The trouble with most people is that when they see the slow growth during the first few years, they lose patience and abandon their investment plan.

How $300 saved every month will grow under different rates of return within 30 years.

• Without the power of compound interest, $300 saved every month would accumulate to merely $108,000.

• At a 5% annual compounded rate of return, $300 a month would grow into $245,609 (2.3 times the principal sum)

• At a 8% annual compounded rate of return, $300 a month would grow into $425,283 (4 times the principal sum)

• At a15% annual compounded rate of return, $300 a month would grow into $1.69 million (15.6 times the principal sum)

• At a 25% annual compounded rate of return, $300 a month would grow into a whopping $13.14 million (121.6 times the principal sum)

Have the patience to wait, for the power of compounding will work and reward you with millions

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2008-01-19T07:50:00.000-08:00

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90/10 rule ~ Robert Kiyosaki

2008-01-19T07:37:00.000-08:00

The 90/10 Rule of Money is something that my rich dad taught me about. I have written about it in Rich Dad, Poor Dad and my other books.

Simply put, in the game of money and the game of life too, 10 percent of the players win 90 percent of the money. For example, in golf, 10 percent of all professional players win 90 percent of the money, and 90 percent of the professional players split the remaining 10 percent.

The 90/10 Rule has served as a trusty rule of thumb in my life. It has helped me identify the things I can do to maximize my success and wealth. And I know it can help you too.

For example, one of the reasons I have not taken up the game of golf as a profession is simply because I do not think I could be in the top 10 percent. Not only do I believe I don’t have the talent, I do not have the desire. However, when I decided to write Rich Dad, Poor Dad, I was not only pretty certain my book could do very well. I knew the book could be extremely successful. I wanted to teach my ideas about success, and I wanted the book to win.

I was right. As an author, I am now in the top 10 percent. In fact, Rich Dad Poor Dad has been touted as the third longest-running best seller on the New York Times bestseller list. And now our new book, Why We Want You to Be Rich, has done very well too.

So if you want to boost your earning potential to new heights, stay fixed on that 10 percent where you can maximize your earning potential. And leave those other pursuits to other people.

The Rainbow in Every Dark Cloud ~ Adam Khoo

2008-01-19T07:20:00.000-08:00

This is known as the law of polarity.

For every north, there is a south. For every outside, there is an inside, for every crisis, there is an opportunity and for every heads, there is a tails. For every concave, there is a convex.

For everything that comes to an end, something new begins.

The meaning we choose to attach to an experience is the meaning we create. When we interpret an experience as negative or bad, we will get into a miserable state, take lousy actions (even in action is a form of lousy action) and produce negative results.

At the same time, when we interpret an experience as positive, we get into resourceful states, take positive action, and eventually create positive results.

This can be summarized in a formula that goes Event + Response = Outcome. This wonderful formula is given by Jack Canfield(Co-author of Chicken Soup for the Soul).

Many people believe that it is the events around us that shape ouroutcomes. They believe that people who are happier and more successful just happen to experience better events in their lives?

You and I both know that this is totally untrue. It is not the things that happen to us, but rather how we choose to respond to happenings and external circumstances that ultimately shape our outcomes.

As you well know, we cannot control every single thing that happensto us, but we can control how we choose to respond to it.

For example, if you go sailing, you cannot control where the wind is going to blow. You can complain and blame the wind all you want but it is not going to be of any use.

However, you can control how you maneuver the sails, and that will control the outcome of your boat's direction.

We have heard so many stories of people who were born with all kinds of handicaps and despite all the odds stacked against them, they managed to create a life most others can only dream about.

What we must understand is that all meaning is context dependant. In other words, there is no meaning in life except the meaning wechoose to give it.

When we look at things (an experience, an incident, an event) from one perspective, it may seem totally bad. However, when we change the way we look at the same thing, i.e. from a different context, the meaning completely changes.

It could become totally powerful for you.

You can also see that any experience in life carries with it multiple meanings. Anything is life has the potential to be either good/positive or bad/negative. It depends on your perspective, the frame in which you are seeing it from.

People who succeed and live fulfilling and enriching lives don't experience better events, they just re-present things and respondin a much more powerful way.

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2008-01-19T07:16:00.000-08:00

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"Strategies to Scale Your Value Immediately" ~ Adam Khoo

2008-01-13T16:58:00.000-08:00

So, let’s now come to consider how you can begin to massively magnify and multiply the unique value that you have? How can you create multiple streams of recurring income for yourself?

There are basically four major strategies you can employ to add the scalability factor to your value:

1) Earn royalties and fees from licensing or selling your intellectual property
2) Magnify your value by reaching more people at one time
3) Earn recurring commissions from sales and referrals
4) Earn profits, dividends and royalties from businesses

Earn royalties and fees from licensing or selling your intellectual property

Many people get intimidated by the term ‘intellectual property’ as they have a limiting belief that they are not intellectual enough to create something that is of value and can be sold.

In actual fact, any knowledge that you have or any idea, product or process that you have come up with that can help people solve their problems and satisfy their needs is intellectual property.

You definitely have some kind of intellectual property!

Why?

This is because unless you have intellectual property, you wouldn’t be able to create any kind of value in the first place. For example, if you are a lawyer, your intellectual property is the legal know-how you have. If you are a photographer, your intellectual property is the knowledge of photography you have and the pictures you take.

If you are a chef, the intellectual property you have are your recipes and your method of preparation. If you are a manager, your intellectual property is your ability to manage people and projects.

License and sell the expertise you have and you can scale your value immediately!

Magnify your value by reaching more people at one time

The second strategy you can employ to massively scale your value is by using the magnification approach. In short, reach a greater number of people all at once. Here are a few examples of how people can magnify their value.

Increase the Size of Your Audience
Magnifying your Services on the Internet
Magnifying Your Value through the Mass Media
Magnifying the Value of Company Shares through Listing

Earn Recurring Commissions from Sales or Referrals

The third strategy is to multiply your value by earning recurring commissions from sales and referrals. This involves being paid multiple times for a single sale effort.

In certain industries like insurance & network marketing, the recurring commission system is in-built into the compensation scheme. For example, when an insurance agent sells an insurance policy, he gets paid a commission. However, insurance agents get paid additional renewal commissions for the next five years whenever their client pays their annual premiums. Although they close the sale once, they get paid over and over again for the same effort. As a result, their efforts are multiplied!

Earn Profits, Dividends & Royalties from Businesses

The fourth strategy is to use the power of a business to multiply your value! When you work as an employee or are self-employed, there is always a limit to how much leverage you can create from the time you spend at work. You are constantly selling your personal time for money. Unless you physically spend time, the income stops.

When you build a business around your value, you will be able to provide your services to more and more people, without your physical presence. You literally multiply your value.

As a self-employed trainer, I could only physically conduct one seminar at a time, and train a maximum of 10,000 people a year. By building Adam Khoo Learning Technologies Group and training other trainers to deliver the same seminars, I am able to hold ten seminars concurrently, in five different countries, reaching out to ten times more people a year. As a result, my value and wealth are multiplied many fold.

There you have it! Four strategies you can use immediately to scale your value!

What Drives Us Forward? ~ Adam Khoo

2008-01-12T00:47:00.000-08:00

If taking action is the key to producing results, why doesn't everybody take action? Why doesn't everybody follow through on their plans? Why is it that so many people know what they should do, but still don't do it?

The most common reasons are: 'I lack motivation', 'I'm too lazy','I don't feel confident' or 'I am afraid that...' Is this true for you as well? If you are like most people, you would probably be nodding your head.

For example, you know that you should start exercising three times a week, but you put it off because you feel lazy. As a salesperson,you know you should make ten cold calls a day, but you don't do it because you don't feel like being rejected. You know that public speaking will help your career, but you don't get on stage and face the audience because you feel the fear.

At the same time, there are many things we do, knowing full well that we shouldn't! Why is that so? That's because we feel like doing it.

For example, you know that eating that extra piece of delicious chocolate cake is bad for your weight/health but you still do it because you feel greedy. You know that you shouldn't go back to sleep when the alarm rings, but you still lie in because it feels so good.

Have you ever experienced a day when you managed to get a lot of things done? When your ideas flowed, when you made the best decisions and you were absolutely on form? Well on those 'top of form' days, you were in a series of resourceful states.

Then again, have you had days when you couldn't get anything done? When you couldn't do anything right? You said and did the most stupid things? How could this happen? You were the same person and had exactly the same resources available to you. The difference was that you were not in a resourceful state.

If you think about it, 'motivation', 'fear', 'confidence', 'inertia- expressed as procrastination', are nothing but emotional stateswe experience.

Emotional 'States' like 'excitement', 'passion', 'confidence', and 'happiness', 'exhilaration 'get us to take action and perform atour peak.

At the same time, states like 'fear', 'anxiety', 'stress','inertia', 'depression', 'tiredness' hold us back.

It is not logic that drives our actions. It is our emotions. Very often, we know that logically we should do something, but we don'tdo it because we don't feel like doing it.

People who take consistent action and produce great results do so because they experience many more resourceful states on a daily basis.

It is truly our emotional 'states' that drive our actions and behaviors all the time. How we feel truly determines what we do andhow we do it.

It is these empowering states that allow us to get the best out of themselves!

What Determines A Person’s Income?‏ ~ Adam Khoo

2008-01-12T00:28:00.000-08:00

Before you can increase your primary source of income, you must first understand what determines a person's income. Why is it that one person is paid $3,000 a month while another person is paid$30,000 a month?

Every time I ask this question to people, I get standard answers like, 'age, qualifications, experience, luck, title, special skills, specialized knowledge, intelligence and so on'. Well, none of this is really accurate.

There are so many examples of people who are younger, less academically qualified with less experience who are earning much more than a 45 year-old Harvard MBA graduate who happens to be a member of MENSA. It is also not uncommon to see people with less experience in a company earn much more than someone who has been there for the last twenty years. So what does determine a person'sincome?

A person's income is determined by the amount of value he/she creates multiplied by the time he spends creating value multiplied by the scalability factor.

In other words,

INCOME = VALUE X TIME X SCALABILITY

So, in order to increase your income, you must increase the amount of value you create, the time you spend creating value and your scalability factor.

Your Income is A Refection of the Value You Create

Let's first focus on how your income is determined by the value youcreate. Well, let me give you a metaphor. Recently I went to the mall to buy a new mobile phone. When I found the mobile phone shop,I saw all kinds of brands and models on display - the price tags they carried all differed widely.

I saw a Sony Ericsson 910i model that had a price tag of $1,400 and a Nokia 2600 with a price tag of $238. Now, why is one mobile phone priced seven times more than another? The answer is simple. It's because one phone has a lot more functions and can hence create alot more value to the user.

The Sony Ericsson 910i is able to make calls, send & receive SMS, send & receive MMS, record and edit videos, play & edit music, take high quality pictures, surf the internet, entertain with games, send and receive emails, has word processing and spreadsheet capabilities, has Bluetooth technology and has an in-built personal digital assistant.

In short, it is not just a phone, it is a mini computer! It does a lot more than expected. It creates a lot more value for the user by allowing him to achieve his goals more efficiently.

How about the Nokia 2600? Well, it's just a standard mobile phone. It makes calls, sends and receives SMS, has entertainment games and a calendar. It creates a lot less value, and is hence priced lower.If the Nokia 2600 had a price tag of $1400, would you pay for it?

Of course not. It's just not worth the price. But if you had the money and needed to surf the net, manage your time, check emailsand record images on the go, would you pay $1400 for the Sony Ericsson? Of course! I did!

So let me ask you a question. Which mobile phone do you represent? What is the price tag that you carry? If you want to have a higher price tag and have people pay for you, then you must create the necessary value!

What allows the Sony Ericsson 910i to create so much more value? The answer is that it has a lot more software installed. How does this translate to you? Well, in order for you to create a lot more value to your company and your clients, you must keep upgrading your knowledge and skills, your intellectual capital!

Now you may say to me, 'Adam, I am not a mobile phone, I am a person!' Absolutely! But the same thing applies. When you create more and more value for your job, business or customers, your income will rise tremendously. Create more value!

What We Focus On Affects Our Results In Life!‏ - Adam Khoo

2008-01-12T00:15:00.000-08:00

What We Focus On Affects Our Results In Life!
-----

At any given second, there are two million bits of information bombarding us. While it is impossible to consciously be aware of everything, our mind tends to filter all this stimuli and focus ona few chunks of information at a time.

Similarly, when we think of something in the past or something in the future, we tend to focus on certain aspects of the experience. And to us what we choose to focus on becomes most real in our minds.

Some people have a pattern of focusing on pictures, sounds and feelings that put them into un-resourceful states while others generate pictures, sounds and feelings them put them into resourceful states.

How about you? What do you do when you meet with failure? Some people keep playing mind pictures of themselves screwing up. Some people even play it like a bad movie, over and over again in their heads.

They keep seeing themselves making the bad decisions, experiencing the consequences and they re-play all the negative voices aroundthem. They may play the sound of their boss shouting at them. Then they run an internal dialogue that goes like this: 'How could I have been so stupid!' 'Why do I always screw things up?'

What kind of pictures and sounds should one play to produce a resourceful state?

Well, this is what positive people do when they encounter failure. They choose to re-present the failure as feedback that will lead them into finding a solution. Instead of re-playing scenes of the event or project that flopped, they focus on what they can learn from it, and how they will do it the next time...to get good results.

They may even imagine themselves succeeding, using what they have learnt from the past experience, and their success would be accompanied by the sounds of people cheering or the boss congratulating them.

They may play an internal dialogue that goes something like this:'I'll make it the next time for sure', 'I'll prove that I can turn things around'. Or they'll say reflectively:' Now, what can I learn from this experience'.

Our minds are never still or idle...throughout our waking hours we play mental programs continuously. Now, start becoming aware of the kind of mental program you usually run, when you are about to take on a challenging task?

For example, just before making an important presentation orwriting a difficult report, what goes on in your mind?

Are you one of those who habitually focus on how difficult it is going to be? Do you see yourself being overwhelmed and stressed out? Do you mutter under your breath, 'Oh no! How am I ever goingto do this?' 'What if I screw up?' 'It's just too difficult!' You may even picture yourself screwing up or giving up. As a result you get into a state of nervous anxiety.

But can you choose to represent the challenge very differently in your mind? Of course! You could choose to focus on how easy, fun and rewarding the challenge will be. Confident people will picture themselves dealing with the task or project effortlessly. They may even have an internal voice saying, 'I am finally getting this done! This is so rewarding!' 'I knew I could do it.'

Now, given the same challenge, why do some people rise to it while others feel apprehension? The interesting fact is that most of us do not consciously decide what pictures, sounds and feelings we are going to generate in our mind.

Our mind seems to be on auto-pilot and, within seconds of being faced with a challenge, it will subconsciously, create re-presentations. And the kinds of re-presentations created are dependent on past conditioning.

Isn't this scary? It appears that we do not have much control over our mind! This is why most people feel that their emotions control them.

Begin by paying full attention to the 'program' that is running in your brain-mind. If you find that what you are thinking of is not putting you in a resourceful state, then change it! In short,consciously change WHAT you focus on! You may keep slipping back,and each time you do, pull yourself up and re-focus.

If you want to have mastery over your mind and emotions, then you must begin right away to control what you focus on!

Income and Expense - Robert Kiyosaki

2008-01-05T06:35:00.000-08:00

To reach our financial goal, one of the first things that we should do is to figure out what is our financial situation, so as to better chart our path. And to do that, we need to determine what are the monthly flow of cash into our pocket and the monthly flow of cash out of our pocket. That is our income and expenses, which will define our cash flow.

Income

Income is money that goes into our pocket. Some sources of income are:

* Salary
* Interest on investment
* Dividends
* Rent from real estate
* Distribution from business/limited partnerships
* Royalties
* Capital gain

There are primarily 2 basic types of income: earned income and passive income

Earned income is what you earn when you work for money. It is money which you are paid for doing a job as employee (whether you are a manager or a delivery boy) or wages you receive as a self-employed person. Earned income is taxed at a higher rate than other forms of income. This is the form of income that keeps many people on the left side of the Cashflow Quadrant, including myself. Robert Kiyosaki mentioned that these people are typically those who listen to parent’s advice to “get a good job” and ended up in the E Quadrant.

Passive income is money that you generated from the asset you own, such as real estate investment or a business. It is called passive because owners of these assets are not actively involved in generating the income. It is the money you invested in assets that is working for you, instead of you working for money. Passive income is the least taxed form of income.

Besides, earned and passive income, Robert Kiyosaki also defined another income called Portfolio income. It is a type of passive income. It is income derived from your collection of paper assets such as dividends, stocks, bonds, mutual funds, or royalties from patent and license agreements. Portfolio income also includes interest earned from a saving account, an outstanding loan, or some other source.

The difference between earned income and passive or portfolio income is this: if you have to show up for a job you have earned income. If you can sit back and let your asset work for you, you have passive or portfolio income.

Expense

An expense is the opposite of income. It is money leaving your pocket.
Robert Kiyoskai in the book “Rich Dad, Poor Dad” defined expenses as all the payments you need to make each month, that is, your total cash outflow, each month.

Expenses include:

* Home mortgage payment
* Credit card payment
* Car loan payments
* Utility bills payments
* Grocery bills
* Taxes
* Travel and entertainment
* All other personal expenses.

Your income pays your expenses. And if you don’t have enough income you may have to incur additional debt to pay your expenses.

Robert Kiyosaki defined the term doodad as an unnecessary and sometimes unexpected expenses or item you purchase that does not put money in your pocket. It may be a pleasure boat, a dream vacation, a new pair of sunglasses, or a meal you ate in a fine dining restaurant. Doodads can slowly and inexorably deplete your income.

However, do you know that doodad is not all bad? Robert Kiyosaki pointed out that doodads can also serve as the motivation to make more money. Let me give you an example. If you are determined to take a dream vacation but equally determined not to pay it on your credit card, you may figure out a way to purchase a new asset that will generate the cash flow to pay for your holiday. After you pay for your vacation, you will still have the additional cash flow generated by the asset. People in the B quadrant of Cashflow Quadrant quickly learn the value of buying assets because it earns them ability to pay for doodads.

Understanding the dynamics of income and expenses is critical to cash flow management. People who cannot control their cash flow work for others. People who can control their cash flow work for themselves or have others work for them.

Brian Tracy's How to Start and Build a Successful Business

2008-01-04T07:04:00.000-08:00

21 Great Ways to Start and Build a Successful Business
by Brian Tracy

The Law of Cause & Effect - LOCE - Brian Tracy

2008-01-04T07:00:00.001-08:00

The Law of Cause & Effect, what you do has an effect, no matter who you are, you will get the same effects from the same causes! lol

"Insanity: doing the same thing over and over again and expecting different results." -Albert Einstein

[Quote from Video]
"if there is an effect in our lives that we want more of, we can trace it back to the cause, and by repeating the causes, we can enjoy more of the effects.

when we repeat the causes, we get the same effect no matter who we are, this is just how the world works.

LOCE applies to our self confidence!"

Speaker: Brian Tracy
Book: The Science of Self Confidence

Brian Tracy: If You Could Achieve One Goal in 24 Hours

2008-01-04T06:53:00.000-08:00

Self-made millionaires have been studied extensively throughout the years. The good news is that success is not an accident. Success can be learned and it leaves tracks. The great news is that you can follow the tracks of successful people to arrive at your ultimate destination. In this upbeat presentation, Brian shows you: Ways to get off Someday Isle and move your life in the right direction; How to develop a sense of control and sense of coherence in life; 16 qualities or learnable skills that will virtually guarantee your success; The 20-idea "mindstorming" method to find your self-purpose

Tony Robbins motivates you in 20 minutes: TEDTalks

2008-01-04T06:34:00.000-08:00

Tony Robbins talks about how to unlock your true potential -- and high-fives Al Gore in the front row! A fast-paced, mind-expanding, motivating TEDTalk for high achievers and those who wish to be.

10 Critical Cash Flow Rules

2008-01-04T05:56:00.000-08:00

Cash flow problems can kill businesses that might otherwise survive. According to a U.S. Bank study, 82 percent of business failures are due to poor cash management. To prevent this from happening to your business, here are my 10 cash flow rules to remember.

1. Profits aren’t cash; they’re accounting. And accounting is a lot more creative than you think. You can’t pay bills with profits. Actually profits can lull you to sleep. If you pay your bills and your customers don’t, it’s suddenly business hell. You can make profits without making any money.

2. Cash flow isn’t intuitive. Don’t try to do it in your head. Making the sales doesn’t necessarily mean you have the money. Incurring the expense doesn’t necessarily mean you paid for it already. Inventory is usually bought and paid for and then stored until it becomes cost of sales.

3. Growth sucks up cash. It’s paradoxical. The best of times can be hiding the worst of times. One of the toughest years my company had was when we doubled sales and almost went broke. We were building things two months in advance and getting the money from sales six months late. Add growth to that and it can be like a Trojan horse, hiding a problem inside a solution. Yes, of course you want to grow; we all want to grow our businesses. But be careful because growth costs cash. It’s a matter of working capital. The faster you grow, the more financing you need.

4. Business-to-business sales suck up your cash. The simple view is that sales mean money, but when you’re a business selling to another business, it’s rarely that simple. You deliver the goods or services along with an invoice, and they pay the invoice later. Usually that’s months later. And businesses are good customers, so you can’t just throw them into collections because then they’ll never buy from you again. So you wait. When you sell something to a distributor that sells it to a retailer, you typically get the money four or five months later if you’re lucky.

5. Inventory sucks up cash. You have to buy your product or build it before you can sell it. Even if you put the product on your shelves and wait to sell it, your suppliers expect to get paid. Here’s a simple rule of thumb: Every dollar you have in inventory is a dollar you don’t have in cash.

6. Working capital is your best survival skill. Technically, working capital is an accounting term for what’s left over when you subtract current liabilities from current assets. Practically, it’s money in the bank that you use to pay your running costs and expenses and buy inventory while waiting to get paid by your business customers.

7. “Receivables” is a four-letter word. (See rule 4.) The money your customers owe you is called “accounts receivable.” Here’s a shortcut to cash planning: Every dollar in accounts receivable is a dollar less cash.

8. Bankers hate surprises. Plan ahead. You get no extra points for spontaneity when dealing with banks. If you see a growth spurt coming, a new product opportunity or a problem with customers paying, the sooner you get to the bank armed with charts and a realistic plan, the better off you’ll be.

9. Watch these three vital metrics: “Collection days” is a measure of how long you wait to get paid. “Inventory turnover” is a measure of how long your inventory sits on your working capital and clogs your cash flow. “Payment days” is how long you wait to pay your vendors. Always monitor these three vital signs of cash flow. Project them 12 months ahead and compare your plan to what actually happens.

10. If you’re the exception rather than the rule, hooray for you. If all your customers pay you immediately when they buy from you, and you don’t buy things before you sell them, then relax. But if you sell to businesses, keep in mind that they usually don’t pay immediately.

Tim Berry is the “Business Plans” coach at Entrepreneur.com and is president of Palo Alto Software Inc., which produces the industry’s leading business planning software, Business Plan Pro, as well as other popular planning applications for businesses.

Ellie Drake Introducing Mike Filsaime

2008-01-02T03:18:00.001-08:00

Only
When Video Is Done,

click here

Mike Filsaime Introducing Ellie Drake

2008-01-02T03:17:00.000-08:00

Only
When Video Is Done,

click here

The Death of NetworkMarketing

2008-01-02T03:15:00.000-08:00

Hi Again...

Sabre here...

I just got an email about Ellie Drake's and Mike Filsaime's Free Report called - "The Death of NetworkMarketing"

I will admit, like you may also be feeling now, that I thought it was some hyped up offer to get me to buy something...

...Turns out I was wrong. Way wrong.

The bottom line is, this report really opened my eyes that Network Marketing may be dying.

When I read this, I immediately thought of sharing it on my blog

The times are changing for us and it would be a shame for you or anyone to not read this report and fail like many will.

I read it, and I wanted to share it with you ASAP.

I recommend you take a break from whatever it is you are doing if you can and get access to this report now.

Consider your future success by going here now...

http://the-death-of-networkmarketing.com/?see-why=38740
Thanks,

Sabre

PS - Mike and Ellie say it will only be available for a few days or so, so do not delay...

Success in Recruiting With Internet Network Marketing

2008-01-02T02:44:00.000-08:00

Recruitment is crucial for longevity in Internet network marketing. Knowing who and how to recruit from the get-go can make or break this business. Recruitment failure in this business usually arises when network marketers themselves don’t know how to introduce this kind of business customers.

In today’s Internet era, recruitment should not be a problem if the network marketer knows the right technique to get people on board.

Here are some useful pointers for Internet business entrepreneurs to reel in success:

1. Ezines your way to success

Ezines, short for electronic magazines, can be used to introduce online money making scheme to a wider audience. Ezine articles made interesting enough to warrant people’s attention is a great way to introduce network marketing. Spark ezine readers’ attention by making them feel that they can get something in return from reading it.

2. Wow people with the word “Free”

With everything rising these days, people are easily enticed by freebies and everything free. Swing your potential members into action by wowing them with the word “free.” Offer them free stuffs like free ebooks, giveaways, and articles to quickly make them respond and inquire about your money making scheme.

3. Give your Internet network a home

Create a website to give your potential members a place to check your business anytime they want. Make it theme oriented, centered on helping others make money. Make people feel secure and feel that they can get something in return to get them to sign up in your networking business.

4. Give yourself to your reader

People are interested on what you have to say about your business, so make your own articles.

The key to success in Internet network marketing is to get to them first before somebody else does by giving them everything they want to hear about you and your business. Lay all the “How To’s” about your business to build your downline faster and recruit faster too.

5. Commit to your online business

Be patient to wait for success because it doesn’t come over night. Commit yourself to your business by making follow ups. Let’s face it; in this kind of business what people hold from you is trust, which is all the more challenging to gain if what they know from you they get from visiting your website only.

Success in online business comes to people that has patience. Spark people’s interest with your business and follow up on them to avoid loosing that interest.

“The” golden rule in online marketing is to gain peoples trust, which is a challenging task if you only have your web pages to do the talking for you. But bear in mind that you need assure them that this is not about you earning the money but it’s about them having the opportunity to make their lives better.

As soon as you have learned the art of internet recruitment, you’ll be assured about your Internet network marketing success. The best promotional technique to exploit in Internet recruitment is word of mouth. Thus, satisfy the people you got on board and trust that they’ll get more people to join.

Managing Our States for Peak Performance! Adam Khoo

2008-01-01T23:36:00.000-08:00

The notion of changing our physical body to change our states isnot new. All the gurus who teach yoga, meditation, Qi gong and taichi are masters at changing the physical body to effect a completechange of state.

Unfortunately, many people use external stimuli to change theirphysical bodies and states, which is good in the long term. For example, people use junk food, coffee, drugs, alcohol orcigarettes, all of which alter their biochemistry changing how they feel temporarily. (Unfortunately there are long term negativeeffects of addictive foods and drugs on their physical body)

Some people smoke to change their states, to calm their nerves fromstress and anxiety. Why does smoking change your state? The main factor is not only attributed to the chemicals. In fact, byinhaling, you are taking deep slow breaths. This is the reason smokers feel calmer and relaxed after a cigarette break.

A useful and beneficial strategy people use to change their statesis exercise. I am sure you have experienced a time when you feltfrustrated, depressed or stressed. What happens if you were to gorunning or play a game of tennis?

You would immediately forget that you were depressed! This isbecause exercising massively changes our entire physiology, preventing our brain from accessing the depressed state any more.

What happened when you stopped exercising? You gradually got depressed again, didn't you? However, this means that you do havethe ability to shift completely out of negative states in aninstant. By consciously taking charge of our physiology, we do notrequire external devices to change our states

Now, unless you change your physiology totally, it is impossiblefor you to change your state, In other words, if you remain in aphysiology of procrastination, it is not possible for you feelmotivated!

It is ironic when people say that no matter what they do, theycannot seem to get motivated. It is because they say it(unconsciously) with the most boring physiology and tonality possible. First and foremost, 'Change your physiology! Move faster!Breathe faster! Speak louder, faster and with more enthusiasm!"

The moment you know how to manage your states, it doesn't mean thatexternal events can never affect you anymore. It doesn't mean that you will never get upset or lazy anymore! Most of us have our fairshare of lazy states we get into.

The only difference is that by consciously choosing to be in control, shifting ourselves into resourceful states, will we beable to perform at our peak all of the time.

Consciously Model Patterns of Excellence! Adam Khoo

2008-01-01T23:24:00.000-08:00

Some people acknowledge the power of modeling; however, they feeluncomfortable about copying someone else's style. They say, 'I amnot comfortable with this as I feel like I am not being myself. Iam trying to be someone else instead'.

As a result they deprive themselves of the power of modelingexcellence and producing exceptional results in a short time.

Well, let me ask you a question.

Think about the behaviors and physiology that you exhibit rightnow. Where did they come from? Were you born with your gestures,mannerisms, tone of voice and behaviors? No. You behave the way youdo now because ever since you were a kid, you had beenunconsciously modeling the behaviors and physiologies of the peoplearound you.

Do you realize that the way you speak or react to things maysometimes be similar to your parents or your close friends? And, the mannerism or gestures you exhibit could have come frompeople whom you admired (for whatever reason), and unconsciouslyadopted as your own. So, you have already been modeling your wholelife, this is nothing new.

The problem is that in the past, you did not consciously modelpeople of excellence. As a result, you may have unconsciouslymodeled a lot of ineffective behaviors and negative states of thepeople around you.

For example, if you are a poor mixer or ineffective communicator,it is because you (unconsciously) modeled poor speakers andcommunicators when you were young.

If you are a poor decision maker and constantly find yourselffeeling anxious and lacking in confidence, it is because you haveunknowingly adopted the patterns from your friends or family. Haven't you ever behaved in a certain way and suddenly realized,'oh my gosh! I'm becoming mother or father!'

So, isn't it time you start to consciously delete ineffectivemodels of the past and start modeling and adopting patterns ofpeople who exhibit excellence instead?

Another point to understand is that modeling is not just aboutcopying. It is about replicating and then improving on what youhave modeled, or modifying it to suit your personal style.

For example, if you were a woman and you were to model thephysiology of a male speaker exactly, it may not come off thatwell. You may have to modify elements of that person's physiologyto suit your personality.

Model the best patterns, combine and adapt them to make them yourown. That is what modeling is all about.

How to Translate Your Value into More Income? Adam Khoo

2008-01-01T23:20:00.000-08:00

If you are self-employed, then creating more value willautomatically translate into higher profits & income. However, asan employee, tripling the value you create is no use unless ittranslates into a higher price tag.

Do not expect to get a promotion or a raise automatically. Ifbosses can help it, they would rather pay you much less than whatyou are worth. Most of the time, you must be proactive and ask fora raise.

However, before you ask for double your pay, ensure that you haveat least tripled your value! So you can be sure that if the answeris no, there will be a dozen headhunters waiting to pay you whatyou are now worth!

Once you have created tremendous value, you can...

1) Ask for a pay increaseAgain, be confident that you are more than worth the increase!

2) Ask for a promotion & pay increaseWhen you have demonstrated that you can create more profits, theywill be happy to give you a senior management position

3) Ask for profit sharingIf you are a value creator, you can confidently ask for this.

4) Ask for variable compensationPeople who prefer a fixed salary are generally those who are notconfident about how much they are really worth. The trouble is, afixed pay has got no upside. If you have the drive and confidenceto create value, ask for a higher performance based compensation(even if it means a lower basic pay). Then you know that you have ahuge upside.

5) Ask for stock or partnershipAgain, once shareholders can see that you are a value creator, theywill want to do what it takes to keep you by giving you ownership.

There you have it. 5 ways to immediately translate your value intomore income. But what if the company you're working for refuses topay what you're worth?

Then leave! Because there are others out there you will payhandsomely for people who create tremendous value. Remember, yourincome will always reflect the amount of value you create. Start creating more value now!

3 Money Lessons Which Will Make You Rich

2007-12-31T08:11:00.000-08:00

Rich people aren’t smarter than “average” people, but they do make different choices on how to spend their time and their money. In fact, according to Dr. Thomas J. Stanley, author of “The Millionaire Mind,” there are five “success factors” that more than 80% of millionaires agree on as main ingredients to their success, two of which are:

1. Discipline - applying self control
2. Hard work - more than most people

Ok, so neither of these choices seems exciting, and they sure aren’t in line with the “win a million dollars as a reality show contest” school of thought. But have you ever really thought about what it’ll take to be rich? I’m not talking about “hit the Lotto” rich, I’m talking about the Steve Jobs do-it-yourself kind of rich. Read on to get some lessons on what you’ve got to do today to be rich tomorrow.

Lesson #1: Re-write Your Money StoryWe each have a money story, I like to call it our “money map.” It’s the path you were unconsciously taught follow that leads you closer to or further away from money. For most of us who grew up hearing things such as, “We can’t afford that” or “I’m not made of money” or “You can’t be rich and happy” our “cash compass” is pointed to “broke.” But it doesn’t have to stay stuck at zero, you just might need to reprogram yourself to dismiss money myths you were taught that no longer serve your goal of becoming financially independent.

If a change in the way you think about money and the way you think about people who have money is in order, T. Harv Eker, author of “Secrets of the Millionaire Mind,” suggests that you make several powerful declarations. Why declarations vs. affirmations? Because according to Webster’s dictionary, a declaration is, “To state an official intention to undertake a particular course of action or adopt a particular status.”

So, if success is the status you seek then start by re-writing your money story using positive declarations. It might seem strange at first, but you decide, would you rather be strange and rich or really cool and cashless?

Lesson #2: Curb Your Craving for Credit
The average undergraduate has $2,200 in credit card debt, according to Nellie Mae, the nation’s largest college loan lender. That figure jumps to $5,800 for graduate students. Since so many student credit cards have high annual percentage rates, the longer you wait to pay your cards off, the worse it gets. It’s hard to get out from under the weight of debt once it starts to pile on. While you don’t have to literally go cold turkey on credit you will have to curb spending and boost your balances in your favor.

Credit isn’t cash so when you borrow money today you’ll have to pay it back tomorrow with interest. Generally, your minimum payment due each month will be about 4% of your outstanding debt. If you owe $5,000 at 18% interest, your monthly payment would be $200. Now, if you only make the minimum payment, it will take 12.5 years to pay off your credit card debt - but the best part (for the credit card companies) is you’ll pay back that money plus an additional $2,916 in interest - that’s more than half of your original balance. Of course, the amount you’ll pay back assumes you don’t make any new charges on the card! Visit youngmoney.com/calculators to calculate just how long it will take for you to pay off your outstanding credit card debt, and then put a plan in place to reduce your debt.

Lesson #3: A Penny Save…
Lesson #2 is a perfect lead-in for the final lesson - saving. The time value of money says a dollar earned and saved today will be worth more tomorrow than a dollar earned and saved in the future. If you’re serious about getting rich you’ll need to tell your money where to go instead of wondering where it went. And if you’re not sure where to put your money - don’t let that be an excuse for not opening a savings or investment account.

Every day, week and month that goes by while you’re thinking about how much to save; your money could be working for you earning interest that’ll be worth thousands - if not hundreds of thousands in years to come. Even if you start with only $50 to $100 the amount doesn’t matter, the important thing is not to wait any longer.

Sanyika Calloway Boyce is the author of four books. She travels nationwide to educate, empower, entertain and enlighten students about money, credit and debt. This former debt-strapped college student shares real and relevant money messages that young adults can relate to and understand. Visit her online today at www.financialfitnesscoach.com

What’s to Come? Robert Kiyosaki

2007-12-31T07:54:00.000-08:00

Alan Greenspan said we would enter an Age of Turbulence between 2010 and 2011, when baby boomers begin retiring and straining government financial systems. I believe the Age of Turbulence is already here. On the same day Greenspan gave that prediction, a Phoenix entrepreneur announced his new business: an auction website for nurses, where they offer their professional services to the highest bidders–namely, hospitals. He was swamped with calls from nurses.

Combine baby boomers’ increased needs for medical care, a shortage of nurses and an entrepreneur, and you get turbulence. While this is good for the entrepreneur and the nurses, I feel for hospital administrators trying to keep costs down while working to keep nurses and patients happy.

Even if the government denies it, we all know inflation is occuring. We know retiring baby boomers will cause a shortage of employees throughout the system. We also know there’s a baby bust generation following the baby boomers. This means even more fuel for the Age of Turbulence: fewer workers, inflation, technology and higher wages. For the entrepreneur, this means planning–and making changes–now.

As entrepreneurs, we need to figure out how to increase profits and decrease expenses to pay higher wages. This requires creative thinking and the courage to make changes before the storm hits. So . . .

1. Downsize early. About three years ago, while the economy was good, I began encouraging certain employees to move on while they could still find new jobs at higher pay. They weren’t bad workers; most just didn’t fit the culture of my business, had grown stale or had lost their creative spark.

2. Hire less and pay more. Rather than rushing to fill the vacancy, I watched to see which employees would voluntarily pick up the slack. Once I knew who my real leaders were, my team began hiring. Today, we have fewer workers who do more work and receive more pay.

3. Step up advertising. With the savings in wages, we went to TV, web, radio and print media and negotiated long-term advertising and promotion contracts. It’s amazing how much of a discount and better treatment you receive when you’re willing to commit to a long-term relationship.

4. Increase distribution. For the past two years, we’ve been developing a franchise delivery system. Just as nurses want to become free agents/entrepreneurs, others do, too, and we realized we needed to tap into that entrepreneurial spirit.

Our preparation for the Age of Turbulence began nearly a year ago. What are you doing?

Cashflow 202, Introduction

2007-12-21T08:29:00.000-08:00

After you see the overview of cashflow game 202, now this video will introduce you cashflow game 202, By. Robert Kiyosaki

Donald Trump & Robert T Kiyosaki discusses "Why we want you to be rich".

2007-12-21T08:20:00.000-08:00

Some Quotes from Robert Kiyosaki

2007-12-21T01:20:00.000-08:00

* A game is like a mirror that allows you to look at yourself.

* A lot of people are afraid to tell the truth, to say no. That's where toughness comes into play. Toughness is not being a bully. It's having backbone.

* Academic qualifications are important and so is financial education. They're both important and schools are forgetting one of them.

* Face your fears and doubts, and new worlds will open to you.

* I have a problem with too much money. I can't reinvest it fast enough, and because I reinvest it, more money comes in. Yes, the rich do get richer.

* I still consider myself a little, fat kid from Hawaii.

* If you want to go somewhere, it is best to find someone who has already been there.

* Inside of every problem lies an opportunity.

* Money is kind of a base subject. Like water, food, air and housing, it affects everything yet for some reason the world of academics thinks it's a subject below their social standing.

* The size of your success is measured by the strength of your desire; the size of your dream; and how you handle disappointment along the way.

* We go to school to learn to work hard for money. I write books and create products that teach people how to have money work hard for them.

* When people are lame, they love to blame.

* You have to be smart. The easy days are over.

13 Reasons of Why Most Business Fail (Part 3)

2007-12-19T01:41:00.001-08:00

Final part of Rick Sloboda’s “13 Reasons of Why Most Business Fail”

~~~

9. Fighting change

Accept change, insists Jack Welch, former GE CEO and best-selling author. “Business leaders who treat change like the enemy will fail…” he stated. “Change is the one constant, and successful business leaders must be able to read the ever-changing business environment.” Accordingly, it’s important to promote an openness to change by teaching colleagues to see change as an opportunity — “a challenge that can be met through hard work and smarts.”

10. Neglecting points of contact

Consider every point at which your company makes contact with a prospect: your office, receptionist, website, business card, sales call and so on. Business advisor and bestselling author Harry Beckwith stresses the need to study each point of contact, and improve each one significantly. Otherwise, it may be your only one — or even your last.

11. Wrong packaging

Author Robert G. Allen, who is credited with making many millionaires in the U.S., cited an “info-preneur” who spent years and tens of thousands of dollars creating a product called Compact Classics, which condensed all the great classic fiction and non-fiction books into a two-page format. No one bought it until it was re-titled to The Great American Bathroom Book. Allen reported: “The idea caught on and millions dollars later, the idea is still pumping out cash.”

12. Culture of bureaucracy

Good to Great and Built to Last author Jim Collins warns businesses to avoid bureaucracy, which he calls “the cancer of mediocrity.” He explained: “Most companies build their bureaucratic rules to manage the small percentage of wrong people on the bus, which in turn drives away the right people on the bus, which then increases the percentage of wrong people on the bus, which increases the need for more bureaucracy…” The solution? Build a culture of discipline with an ethic of entrepreneurship to get a “magical alchemy of superior performance and sustained results.”

13. Narrow-mindedness

The late Napoleon Hill, credited for influencing more people into success than any other person in history, wrote: “The person with a ‘closed’ mind on any subject seldom gets ahead.” In fact, he noted, intolerance means that one has stopped acquiring knowledge. “The most damaging forms of intolerance,” he documented, “are those connected with religious, racial and political differences of opinion.”

13 Reasons Why Most Businesses Fail (Part 2)

2007-12-19T01:40:00.001-08:00

4. Being afraid to lose

Failure inspires winners, and failure defeats losers, wrote Rich Dad, Poor Dad author Robert Kiyosaki. He noted: “The greatest secret of winners is that failure inspires winning; thus, they’re not afraid of losing.” Kiyosaki explained there’s a big difference between hating losing and being afraid to lose. “The main reason over 90 per cent of the American public struggles financially is because they play not to lose,” he stated. “They don’t play to win.”

5. Fear of being judged

The fear of being judged, looking stupid, being wrong, failing or taking blame lurks just beneath the surface in the clever disguise of caution, claims marketing innovator Kay Allison, founder of Energy Infuser. And when you can’t put the full force of your enthusiasm and passion behind a new idea, she suggests that idea will be dead on arrival. “One thing I’ve learned is that whatever I focus on grows,” offered Kay. “So if I focus on the anxiety that gnaws in my belly, it gets so big that it’s paralyzing. On the other hand, if I focus on what my next appropriate action should be, it gets me into motion.”

6. Ignoring your gut instinct

Writer Malcolm Gladwell stated in his national best seller, Blink: “…if we are to learn to improve the quality of the decisions we make, we need to accept the mysterious nature of our snap judgments.” He went on to say, “We need to respect the fact that it is possible to know without knowing why we know and accept that — sometimes — we’re better off that way.”

7. “I can do it all” syndrome

If you don’t focus on your strengths and hire others to take care of the rest, you’re in trouble, says Mark Wardell, business author and Founder of Wardell Professional Development. “To be good at business does not mean you have to be good at everything,” he stated, suggesting business owners need to place more value on time. “When you invest your money, you expect it to return a profit,” explained Wardell. “Your time works the same way. When you invest rather than spend your time, its value increases dramatically.”

8. Pointing fingers

When you point a finger at someone, warns NFL coach Herm Edwards, three fingers always point back at you. “When you’re involved in something that fails or in something in which a mistake is made, more often than not, you’re to blame, too,” he wrote. “It’s just easier to blame the other guy, and this is a device that most people can see right through.” Before assigning blame, Edwards says it’s always best to ask yourself what you could have done differently yourself that might have avoided the error or mistake in the first place.

13 Reasons Why Most Businesses Fail (Part 1)

2007-12-19T01:39:00.000-08:00

Rick Sloboda, Senior Web Copywriter at webcopyplus.com

For any business — online or not — the odds are stacked against success. In fact, sources indicate as many as nine out of 10 businesses fail within five years.

Having the fortune to work with a host of successful businesses — from independent designers to global service providers - you start to recognize winning characteristics.

But what are the treacherous traits that are responsible for the demise of most businesses? Based on an accumulation of notes over the years, following are answers by some of the most renowned business experts of our times.

1. Undefined values

Entrepreneurs need to define their values, which guide all decision making, insists iconic motivational speaker Tony Robbins. If you know what you value most and truly want out of life — be it love, health, success, freedom, power, or comfort - Robbins noted you’ll find you can make more effective and rapid decisions. He added: “Your beliefs determine whether or not you feel like you’re meeting your values - they can either limit or liberate you.” Where do you start? Ask yourself this question: “What’s most important to me in my life?”

2. Business plans don’t target a market

The biggest mistake most companies make when writing a business plan is not having a target audience in mind, suggests Michael Miller, author of 75 non-fiction books. Ultimately, he said these businesses end up creating something generic, without a purpose or defined goal. “Looking at it another way,” noted Miller, “if you don’t know who your audience is, you really don’t know why you’re creating a plan — and a plan with no purpose is a plan for failure.”

3. Just dabbling

Learn every detail of your core business because the market only pays excellent rewards for excellent performance, stresses motivational speaker and self-help author Brian Tracy. In contrast, below average performance pays below average rewards, failure and frustration. His advice: “Read all the magazines in your field. Read and study the latest books. Attend the courses and seminars given by experts in your field. Join your trade association, attend every meeting and get involved with the other top people in your field.”

“Why We Want You To Be Rich” - Robert Kiyosaki

2007-12-19T01:32:00.000-08:00

Robert Kiyosaki and Donald Trump co-authored the book “Why We Want You To Be Rich”. I have not got the chance to read the book, but found this book review from USA TODAY, which seems to suggest that it is more inspiring and motivational than a “How to” guide to become rich.
—-

By Kerry Hannon, Special for USA TODAY

Donald Trump and Robert Kiyosaki say they want you to become rich, but don’t expect any magic formula in Why We Want You to be Rich.

Trump, the ubiquitous mega-real estate developer and star of The Apprentice, and Kiyosaki, author of the giant best seller Rich Dad, Poor Dad, decided to write a book because they share the same concerns about some “serious financial problems” facing our world.

Among the pressing ones:

• The rich are getting richer, and everyone else is getting poorer.

• The value of the dollar is falling.

• The national debt is increasing.

• Oil prices are rising.

• Jobs are being exported.

But there is something bigger than all that: We have developed an entitlement mentality as a nation:

• “This entitlement mentality is a monster problem” — Trump.

• People just can’t “expect a handout from the government” — Kiyosaki.

• “Donald and I hope we are wrong, but we sincerely believe America is in trouble” — Kiyosaki.

The dynamic duo’s mission: Get readers to raise their “financial IQs.”

In the introduction, they write that their book is not a how-to. If you want more help from them, you probably need to buy an online course from Trump University, www.trumpuniversity.com, or purchase Rich Dad learning products at www.richdad.com.

Ka ching.

The bulk of the book is carried by Kiyosaki (and his ghost writer), with Trump (and his ghost writer) chiming in at the end of each chapter. A warning at the start is worth noting: “If you believe that working hard, saving money, investing for the long term in mutual funds and diversifying is good advice then this book may not be for you.”

They denounce the “passive investor mentality” of maxing out on 401(k) contributions, paying off a mortgage quickly, paying off credit cards and having a balanced portfolio of mutual funds.

While this might sound like good advice for “financially unsophisticated people,” according to this duo, you won’t get rich without using debt as leverage, say, borrowing to buy real estate or invest in a business.

That may be true for astute borrowers like Trump and Kiyosaki, who know how to “borrow money and get richer, not people who borrow money and get poorer.”

But using debt wisely can be tricky. They do caution that you need to take the time to get financially smart “to know when to use debt and when not to.”

Diversification is not the way to get rich either, according to this book. It is a “defensive posture,” contends Kiyosaki. “Personally, I do not diversify,” writes Kiyosaki. “I would rather focus. I invested in real estate until I was successful. Today, I still invest in real estate.”

Although it’s easy to dismiss the book as a product of the egos of two super-successful men, there are points worth noting.

“Donald and I are concerned that most people do not choose to learn to manage their own money or learn to invest their own money,” writes Kiyosaki. “Instead of learn, they simply turn their money over to experts and then hope and pray their experts are truly experts.”

This is a legitimate concern.

Control is a key to getting rich, according to this book. As entrepreneurs and real estate investors, they seek control over six factors: income, expense, asset, liability, management and insurance.

In the end, Trump and Kiyosaki pass on some generic recommendations:

• College students should study accounting and business law, so not to be fooled by people who position themselves as “experts,” but are not really investors.

• You have to love what you do in order to be successful at it.

• Invest in what you love.

• If you want your wealth to grow, go to a place where people are getting rich (such as a real estate office or stockbroker’s office), join an investment club, or start a study group and meet new friends who also want to grow richer.

Buying a Lifestyle - Robert Kiyosaki

2007-12-19T01:29:00.000-08:00

Money can buy a lot of things. What has it bought Robert Kiyosaki?

“Lifestyle,” he says. “I like my lifestyle. It’s much better than being poor.”

Robert Kiyosaki’s definition of a good lifestyle does not include laziness. He typically gets up at 3 a.m. and writes while things are quiet, until about noon . In addition to books, he also writes a bi-weekly column for Yahoo! Finance called “Why the Rich Are Getting Richer”and a monthly column for Entrepreneur Magazine titled “Rich Returns.”

His other businesses, including real estate investing, demand time, too. Plus, he and his wife, Kim, are often pulled into a grueling travel schedule, speaking, teaching (he has performed live at Madison Square Garden), appearing on such shows as MSNBC, CNBC, Oprah and CNN, and promoting PBS fund drives, where he and his teachings have been featured.

“We thrive on all the activity,” says Kim. “When you’re winning, it’s fun. And Rich Dad is doing phenomenally well. As long as we keep winning we’re going to keep going. It’s not the money that drives us anymore. I don’t mean to be flippant, but it’s a game. Of course, there are times when we’re so exhausted we decide to take some time off. Next month we’re going to our house in Hawaii and just chill out for two weeks.”

Exercise helps the Kiyosakis keep up with their demanding schedule. Not long ago, Robert Kiyosaki started working with a trainer who put him on an intense exercise schedule and a strict eating regimen. Kim confides that Robert has lost 55 pounds in the past year.

For mental exercise, Robert reads. “I put together study groups and we study books in depth,” he explains.

What does Robert enjoy doing when he’s not working?

“Working!” he says. “I have the luxury of having enough money that I don’t have to work. But I’ve already retired once and I hated it. So I work at what I love doing. I’m working with Donald Trump, Magic Johnson … my work is my fun.”

Robert Kiyosaki enjoys the rewards of his work. He likes fast cars and nice surroundings. He loves the luxury of not having to fly commercially when he travels, flying in a private plane instead.

How would you like your lifestyle to be when you have reached your financial success?

Holiday Message from Robert Kiyosaki

2007-12-18T06:43:00.000-08:00

As you know, 2007 has been a turbulent year in politics, war, weather, and money. For many families it has been a tough year financially, especially if they lost their home or their job due to the sub-prime credit market mess. During this holiday season, it is more important than ever to be kind to those who struggle financially and to be grateful if you are financially secure.

In 1997, Rich Dad Poor Dad was first published. When rich dad said, “Your house is not an asset,” it was met with howls of protest. Today, millions of people are finding out how true that lesson is. As you know, real estate does not necessarily make you rich, but financial education can. At least with a good financial education you have a better chance of telling good investments (and good financial advisors) from bad ones.

In 1997, the underlying message in Rich Dad Poor Dad was about the importance of financial education. Today, in a world of financial turmoil, financial education is more important than ever. This is why we at The Rich Dad Company are offering these special Holiday Packages for you to give to people you love. These gifts are more valuable than money and have the power to change the lives of those who receive them.

So the bad news is the world is in financial turmoil. The good news is, with a sound financial education, you can turn this turmoil into a blessing.

This holiday season let’s pray for peace on earth - and for peace of mind.

In control - Robert Kiyosaki

2007-12-18T06:41:00.000-08:00

Most of us have heard the phrase “health, wealth and happiness.” But what actually brings health, wealth and happiness? Is it success, and success alone?

My poor dad was a successful man. He had a Ph.D. and was well-respected and accomplished. But he had poor health, very little wealth and was rarely happy. He smoked two packs of cigarettes a day, eventually dying of lung cancer. He made a lot of money as a government official but never invested it. He wasn’t happy with his success. In his mind, he needed to accomplish more.

So, my thought for you this month: Are you becoming healthy, wealthy and happy? Or are you sacrificing these ideals for success?

Most of us know what to do when it comes to our health and our wealth. Health is primarily about diet and exercise, and wealth is about earning and investing. But happiness is a bit more mysterious. We know to think positively, but thinking positively instead of realistically can have tragic consequences. For example, positive thinking won’t prevent you from going bust if you’re foolish with money, and it won’t reduce your percentage of body fat.

In fact, it’s often the pursuit of happiness that causes the most problems with health and wealth. Many people are obese because they eat and drink to feel happy. And others shop to feel happy, even if it means maxing out credit cards.

Many books discuss the subject of being happy and the factors that affect happiness. One factor in particular helps entrepreneurs lead happier, healthier and wealthier lives: self-control. I’m happier if I have the self-control to do the right things even if I don’t want to do them. In business, sometimes that means studying more instead of working more.

Sometimes we make business decisions because they make us feel happy in the short run. But in the long run, we become less healthy and less happy. Sometimes doing the right thing might not make us happy temporarily, but we feel better later.

To me, doing the right things, even if I don’t want to do them, is one of the keys to being truly happy. Today, whenever I feel unhappy, I simply ask myself, “What am I not doing?” or “What am I avoiding?” Then hopefully, I have the tenacity to do what I know I need to do. That’s the only way we won’t forfeit our health, wealth or happiness in our pursuit of success.

Quicken your path to wealth? - Robert Kiyosaki

2007-12-02T18:47:00.000-08:00

By now you would have heard a thousand times that to be finanically successful, one of the ways is to think and act like the rich, and learn to make your money work hard for you by investing them in good opportunities.

But hey, what are good opportunites? How about 40% return in a year!!!! Before you empty your pockets and dive straight into this “good” opportunity without much consideration, you might want to be aware that this might be another one of those get-rich-quick scam.

Bankrate.com listed the top 10 investing scams, which might just help you spot that “too good to be true” investment. Remember, if an investment is too good to be true, it usually is.

A promise of 40% returns?

The quest for a safe investment vehicle is the common theme in all the scams. Here are the top 10, ranked roughly in order of prevalence or seriousness:

1. Ponzi schemes. This is an old scam named for Charles Ponzi, a swindler from the early 1900s who conned $10 million from investors by promising 40% returns. His scam has been copied by countless crooks. The formula is simple: Promise high returns to investors and use their money to pay previous investors.

According to the NASAA, Ponzi scammers often blame government intervention for the failure of their system. In Mississippi, two Ponzi scammers pled guilty to a scheme that bilked 41 investors from four states out of $10.2 million. They told investors they were taking part in a money-trading program. The program never existed.

2. Senior investment fraud. Record-low investment rates, rising health care costs and an increased life expectancy have set seniors up as targets for con artists peddling investment fraud — like Ponzi scams, unregistered securities, promissory notes, charitable gift annuities and viatical settlements. In 2003, Pennsylvania securities regulators shut down a Ponzi scheme that bilked $2 million from seniors’ pensions and IRAs.

3. Promissory notes. These are short-term debt instruments often sold by independent insurance agents and issued by little-known or nonexistent companies. They typically promise high returns, upward of 15% monthly, with little or no risk.

Bad brokers and not-really-brokers

4. Unscrupulous stockbrokers. As share prices tumble, some brokers cut corners or resort to outright fraud, say state securities regulators. And investors who have grown more cautious and scrutinized their brokerage statements have discovered their financial adviser has been bilking them via unexplained fees, unauthorized trades or other irregularities.

5. Affinity fraud. Taking advantage of the tendency of people to trust others with whom they share similarities, scammers use their victim’s religious or ethnic identity to gain their trust and then steal their life savings. The techniques range from “gifting” programs at churches to foreign exchange scams.

6. Unlicensed individuals, such as independent insurance agents, selling securities. From Washington state to Florida, scam artists use high commissions to entice independent insurance agents into selling investments they may know little about. The person running the scam instructs the unlicensed sales force to promise high returns with little or no risk.

This scam has made the top 10 list three years running.

Investors approached by an independent agent should first call the state’s securities regulator and ask if the salesperson is licensed. Then ask whether the investment being offered is registered as well. If the answers are yes, the investors should be more comfortable about the product. But investors should review the product with the same healthy skepticism that they would any investment opportunity.

Conspiracies behind every tree

7. “Prime bank” schemes. Con artists promise investors triple-digit returns through access to the investment portfolios of the world’s elite banks. Purveyors of these schemes often target conspiracy theorists, promising access to the “secret” investments used by the Rothschilds or Saudi royalty. In an effort to warn investors, the Federal Reserve pointed out that these don’t exist. But unfortunately, that government denouncement just feeds into the conspiracy mindset linked to this scam.

8. Internet fraud. According to NASAA, Internet fraud has become a booming business. For example, federal, state, local and foreign law-enforcement officials targeted Internet fraudsters during Operation Cyber Sweep in November 2003 — and identified more than 125,000 victims with estimated losses of more than $100 million.

“The Internet has made it simple for a con artist to reach millions of potential victims at minimal cost,” says Lambiase, NASAA president. ”Many of the online scams regulators see today are merely new versions of schemes that have been fleecing off-line investors for years.”

Lambiase warns consumers to avoid the infamous Nigerian 419 scam, saying Internet users should ignore e-mails from individuals in need of help who want to deposit money in overseas bank accounts.

“Don’t be dot-conned,” he says. “If you get an e-mail pitching a deal that can’t be beat, hit delete.”

Funds and annuities

9. Mutual fund business practices. Recent mutual fund scandals have made the national news and attracted the attention of investors and launched several investigations.

“These investigations demonstrate a fundamental unfairness and a betrayal of trust that hurts Main Street investors while creating special opportunities for certain privileged mutual fund shareholders and insiders,” says Lambiase. “We will continue to actively pursue inquiries into mutual fund improprieties,” he says.

10. Variable annuities. As sales of variable annuities have risen, so have complaints from investors — most notably, the omission of disclosure about costly surrender charges and steep sales commissions. According to the NASAA, variable annuities are often pitched to seniors through investment seminars — but regulators say these products are unsuitable for many retirees. Lambiase says variable annuities make sense only for consumers who can afford to have their investment locked up for 10 years or longer.

Robert Kiyosaki’s works - simplistic or motivational?

2007-12-01T16:36:00.000-08:00

Among the most common critics of Robert Kiyosaki are complains that what he said are too simplistic and lack the financial technical depth.

However, Mathew C hits the bull eyes on why Robert Kiyosaki’s Rich Dad is such a phenomenal success when he said:

What Robert Kiyosaki teaches in his book are not terribly technical or even new. What makes his book powerful is how he challenges our core beliefs and everyday mindset by taking things we are familiar with such as cars, houses, mortgages, banks, taxes, businesses, and painfully show us what they really mean in our lives and to our personal wealth. It is not a pretty picture because it shows the lack of our financial literacy. And it is this ugliness which he writes about that is so profound and disturbing.

Kiyosaki clearly emphasizes and teaches financial literacy. But he has done it in such a way that even children can understand it. His books are a lead-in to the games his company sells, the Cashflow board games. Having personally seen and played the games, I have found that they are unlike any other board games available. They are well presented and thought out.

Since late 1997, Kiyosaki has steadily spread his message throughout the U.S., Canada, Australia, and New Zealand. Kiyosaki has been on several television and radio programs. His book, “Rich Dad, Poor Dad”, has climbed to the top of best-selling lists such as Business Week, Wall Street Journal, New York Times, and USA Today. Amazon.com has what seems to be an endless list of positive reviews by its customers.

Kiyosaki himself may not be entirely aware of this, but his books, message, and style may set the tone for the 21st century. Kiyosaki may become the Napoleon Hill of the 21st century as an educator of success, wealth, and prosperity for the modern man. There are many people who teach the mechanics of the business world but often a sense of vision and inspiration seems lacking.

While his critics may question the amount of technical information, dissect his examples, or the simplicity of his explanations, they have missed the spirit of his message. It is Kiyosaki’s ability to reach the masses and educate in a simple manner which is what makes it so powerful and effective. Where others pride themselves on their technical ability or their academic credentials, Kiyosaki goes for simplicity.

Kiyosaki has become somewhat controversial in recent months. He has probably drawn almost as many critics as he has supporters. This may prove bothersome to people who are trying to find the “truth”. But perhaps, that is the beauty of it. We all have our own personal truths. We are forced into thinking instead of blindly accepting. We are forced into introspection not simply following what society says we should. At the end of the day, we choose our direction.

Robert Kiyosaki speaks…preparing for retirement

2007-12-01T16:31:00.000-08:00

What’s the best way Americans can prepare for retirement? How should people invest their money?

As some people know, my rant is: “Why doesn’t our school system teach kids about money and investing?” Rich or poor, smart or not smart, we all use money. Really that’s where it starts. I know 95 percent of the people don’t do that; they turn their money over to a financial planner. If you have no financial education, then I would follow the financial planner’s advice of start young, save and invest in a well-diversified portfolio of probably index funds, but that’s not the way I do it. I’d rather invest in my education.

Let me say it this way: I have a friend who buys a new set of golf clubs every year, but he won’t spend a dime on golf lessons. And he can’t understand why his golf game is still terrible. It’s not the golf clubs, it’s not the stock, it’s not the bonds, it’s not the real estate that makes you a better investor, it’s your knowledge, it’s your wisdom. So I would rather invest a lot of money in golf lessons and none in golf clubs and I’d have a better chance of winning the game.

But in the world of investing, most people would rather invest in a stock and a bond and nothing in their brains and that’s why they don’t get those high returns. Or they say such silly things as “investing is risky” or “get out of debt and save money” and all those little platitudes that the financial planners teach you, which is good advice for a person who really has limited financial training.

What is the single best piece of advice you have to give someone who is poised on the brink of retirement — especially someone who is in that 80 percent of those not financially prepared for it?

Your best asset is really your brain, and if you haven’t educated it, then you’ve underused your best asset. I would be very concerned with this idea of saving money. The purchasing power of your dollar is going down and when the Federal Reserve reduces the interest rate, that means the interest on the revenue you receive from your savings goes down. Today you really have to learn how to invest. Let’s say bread is $3 a loaf today and in 10 years it might be $8 a loaf. You’ve really got to start thinking in that kind of financial environment simply because the U.S. dollar is going to keep dropping. Americans who are holding dollars are in very big trouble.

I would really invest in getting some degree of financial education. If you’re over 60, I don’t think the idea of investing for long term is a reality. I would probably look at starting some business on the Web, something that is minimal physical output and you can learn how to buy and sell stuff on the Web. Hopefully that will keep you alive with the cash flow.

Are Your Beliefs Limiting Or Empowering You?‏ - Adam Khoo

2007-11-29T17:22:00.000-08:00

Like it or not, our beliefs play a big role in determining thequality of our lives.

If you believe that math is tough, there is someone out there whobelieves it is easy. If you believe that it is easy to make amillion dollars, there is someone out there who believes it isimpossible. If you believe that times are tough, there is alwayssomebody out there who believes it is a great time to make money!

At this time, many people would argue,

But what if the beliefs I have are really true?

What if I am really not good at selling?

What if it the economy is really down and going to stay down?

What if there are really no opportunities around?

What if it cannot be done? What if I don't have what it takes?

What you must understand is that the beliefs you have are neverabsolutely true. Beliefs are not proven facts. They are nothing butperceptions, opinions, generalizations we make about the worldaround us.

For every belief you hold, no matter how much you think it is true,there is always somebody out there with a totally opposite belief.And to them, their belief is as valid as yours is to you.

The following example illustrates how one person has the power tochange the belief of others.

Breaking the Beliefs of the World

For hundreds of years, runners had never been able to run one milein less than four minutes. Many had attempted this feat but hadfallen short.

As a result, it was generally believed, and supposedly backed up asfact by the medical community, that it was not possible for a humanbeing to run that fast!

All these changed in 1954, when defying all conventions, all ittook was for a single person to break these facts and records.

Roger Bannister, a postgraduate student from Oxford University seta goal to be the first to break this 'impossible record'. The factwas that he was nowhere near being the best runner of his time.There were many other runners better than he.

But this didn't deter Roger. Besides physical training, he engagedin a lot of mental training. He kept visualizing himself breakingthe four-minute time barrier.

Then, on May 6, 1954, Roger Bannister stunned the world by runningthe mile in three minutes and 54 seconds. That was not the mostamazing thing.

What was truly amazing was that, within a year, 37 other runnershad broken his record. Within the next three years, over 300runners had repeated the same feat.

For so long, nobody came close to Roger Bannister's record. Theminute an 'ordinary' person achieved the feat, it led to manyothers achieving it too.

This proves that what holds people back in tapping their fullestpotential and achieving their goals is not a lack of capability,but a lack of strong empowering beliefs.

Beliefs are never absolutely true, but it becomes totally true forthe person who believes in it! This is simply because whatever webelieve becomes our reality.

The essence is for us to constantly challenge ourselves byexamining the effects of our beliefs, and finally to adoptempowering beliefs that will lead us to success.

Why Do People Believe Robert Kiyosaki Has a Clue?

2007-11-29T06:08:00.000-08:00

Several of the people I meet who want to become real estate investors, have been reading Rich Dad Poor Dad, and they’d like me to tell them how to hurry up and get rich off real estate. Usually I refrain from telling them that not even Kiyosaki, himself, got rich overnight in real estate. He got rich giving seminars and writing books about how to get rich overnight in real estate (and once he had a lot of money to invest, he was able to make some nice real estate investments too – just like anyone with several thousands of dollars burning a hole in their pocket can do).

But some of his investment advice isn’t really so bad, if you have the time, the wherewithal and the cash to do it. However, there’s one piece of advice that he gives that is so false and ridiculous, I’m surprised when I hear people believing it. He says that his (nonexistent) “rich dad” told him that his personal residence is not an asset, but a liability.

So let’s first put this nonsense to the Accounting 101 test. Accounting 101 says that anything you own is an asset, and anything you owe is a liability. Therefore the mortgage against your house is a liability, the house itself is an asset. With any luck the house is worth more than you owe, so that you have a positive net worth. If that’s not the case, it doesn’t turn the house into a liability, it just means you, unfortunately, have a negative net worth. Even your car is an asset, though a deprecating asset and therefore not really a sound investment - your car loan is still the liability.

Furthermore Kiyosaki only considers real estate an “asset” if it’s paying you cash every month. This is not the definition of an asset. If it’s making you money every month, it’s generating positive cash flow in accounting-speak. But even if you’re feeding it because the payment is higher than the rent or because it’s vacant, it is still your asset. It’s just not a money-making asset – yet. In this marketplace, unless you have about a 35% down payment, the odds are slim that you’ll be able to buy an investment property that will generate a positive cash flow. That doesn’t mean that real estate is not a good investment. You’ll still have an appreciating asset, and over time rents will increase with inflation while your mortgage payment will remain fixed.

The bottom line is twofold. First,a real financial advisor is a far better bet for good information on investing than a clever infomercial creator. And second, real estate investing is part of a long-term investment plan, not a get-rich quick scheme.

Kiyosaki: The U.S. middle class will disappear soon

2007-11-29T06:02:00.000-08:00

The author of the bestseller Rich Dad, Poor Dad, told a Tel Aviv audience yesterday that the middle class in the U.S. is about to disappear, and the rich will get richer; and the U.S. is heading toward a recession that will last for a few years. This is bad news for many people, but not for investors, Robert Kiyosaki explained.

Kiyosaki was in Israel to promote the publication of the Hebrew translation of his latest book, Why We Want You To Be Rich, co-authored with the American developer and reality TV star, Donald Trump, as well as the launch of his new board game: Cashflow.
Speaking at a news conference yesterday, Kiyosaki said it’s time to start teaching children how to manage money, because more education is the way for today’s younger generation to escape financial ruin. Otherwise, explained Kiyosaki, the gap between rich and poor will only grow.

“The problem with most people being poor is that they’re taking advice from financial losers,” Kiyosaki said. “All I’m asking is that a kid have a chance to be rich or poor.”

The new book is not really about how to get rich, Kiyosaki said. “It is very simply about why we think it’s important to get rich.” Kiyosaki is trying to teach children about money management with a child version of his Cashflow board game. He said that he is trying to help people acquire financial intelligence.

The U.S. government is continuing to print money, salaries are not rising at the same pace, and the middle class is collapsing - and all this reminds Kiyosaki of Germany at the start of the 1930s.

“Hitler was elected for only one reason - the German government printed money,” he told listeners. “So much money that the middle class was wiped out, and that is what is happening now in the U.S. That is how Hitler rose to power, and it will happen again, if we do not teach people how to make money - and teach politicians not to print as much money as they want.”

The time has come for people to learn from the rich, said Kiyosaki. “We need to understand history.”

He proposed adding financial education to the school curriculum, including in Israel. “Israel has an opportunity to change its educational system and teach how to make money.” Kiyosaki explained that “what is important is financial intelligence - now that is what makes you rich - not money.”

He explained that you can buy gold, bonds or houses - and still go bankrupt. What makes you rich is financial intelligence, he added.

In the past he has attacked investment advisors, saying that all that interests them is making money from their customers. Yesterday he was scheduled to speak to investment advisors from investment house Excellence Nessuah.

When asked what he would say to them, he responded that he would tell them that it was nothing personal. He said that he feels that large institutions lead people to lose money, which is why financial institutions are persecuting him. He said that he is not against them, but that he wants them to educate.

He said that “Excellence wants to educate people to make better investment decisions. It is like a beer company telling the public: “Don’t drink and drive.” That is social responsibility,” he explained.

The recent world financial and credit crisis has done Kiyosaki’s business a lot of good. He said he has made more money since the start of the crisis than in the rest of the year, and that the crisis has caused more people to seek out his advice. He says that in the past people viewed him cynically, but now they are taking him seriously.

Kiyosaki explained that America is now the world’s biggest debtor nation, and President Bush is not reporting it. That is why it is necessary to educate people to become rich, and that is why he put out his Cashflow game. The game is like Monopoly, but the difference is that the new game combines investment and accounting.

Brian Tracy: Powerful Success Secrets to Get Goals Faster!

2007-11-21T18:42:00.000-08:00

In this inspiring video by the world's leading authority in Business, Brian Tracy presents a simple, powerful, and effective system for setting and achieving goals - a method that has been used by more than one million people to achieve astounding levels of success!

brian tracy fear of failure

2007-11-21T18:39:00.000-08:00

Intro to Science of Self Confidence - Brian Tracy

2007-11-21T18:36:00.000-08:00

Taking the first step's can be the hardest.

Just make sure that each step you take is in the direction you want to travel.

Speaker: Brian Tracy
Book: The Science of Self Confidence (less

Why Robert Kiyosaki chooses Franchising to grow his business

2007-11-21T18:24:00.000-08:00

Extra hires won’t help you grow, but franchisees could.
By Robert Kiyosaki
Entrepreneur Magazine - April 2007

In a previous column, I wrote about the CEO I brought in to take my company to the next level. After hiring an expensive staff of senior managers, the CEO’s next idea was to take business away from our strategic partners. He intended to terminate one of our joint venture agreements and hire about 100 people to replace our partner. I personally don’t like growing a business by hiring more employees and acquiring more office space–it’s too expensive.

That leads me to this month’s lesson: A person with an employee mind-set tends to expand a business by hiring more employees. Our former CEO was a highly paid employee who fancied himself an entrepreneur. Because he had the mind-set and values of an employee, his way to expand my business was to hire more employees and managers and increase office space.

After he moved on, I took back control of the business, rehabilitated some damaged relationships and began expanding the business in a more efficient and cost-effective manner. Instead of employing more people, we are expanding by selling businesses via franchising. With this method, we get paid to have people work for us rather than paying employees.

Here are four reasons we chose to grow by franchising:

1. People were asking us if they could be franchisees.

2. We have a worldwide brand and get requests from around the world from people and companies who want to do business with us.

3. Because my business teaches people to think like entrepreneurs and investors, it would be incongruous to have people who think like employees running our offices.

4. I like having people who want to work for my company and are willing to pay me, rather than the other way around.

Obviously, there are drawbacks to franchising, including the fact that the most contentious legal disputes are often between franchisees and franchisors. If you are interested in creating a franchise model with your business, I suggest two things.

Talk to someone who owns or has created a franchise.
Hire someone with franchise experience to guide your operations from the inside. A franchise system is a different breed of business with a different set of challenges.
Franchising can be a cost-effective way to expand a business–using other people’s money (OPM).

Why Business Smarts Are Investing Smarts - Robert Kiyosaki

2007-11-21T18:21:00.000-08:00

Don’t want to drive a car without a steering wheel? Then you wouldn’t want to make investments in which you have little influence over six crucial business controls.

A great quote from Warren Buffett goes: “I’m a better investor because I’m a businessman, and I’m a better businessman because I’m a better investor.”

So let me tell you how to be a better investor by being better at business.

Business knowledge varies among these three kinds of people:

Non-Investors: They expect that someone (such as their parents, their kids, a spouse, a company, or the government) will take care of them when their working days are over.

Passive Investors: They turn their money over to someone or some organization, such as a mutual fund, to manage. It’s the passive investor who tends to believe the financial planners’ mantra of “work hard, save money, get out of debt, invest for the long term, and diversify.”

Active Investors: These people tend to manage their own portfolios and assets, as well as hand-picking their advisors, who are not brokers or sales people. To be a successful active investor requires a higher financial IQ, more real world entrepreneurial business experience, and a very smart advisory team.

For non-investors and passive investors, investing is risky. The main reason is because these two groups of people have no control over the investments they’re involved in. While active investors know there’s risk, they also realize that the greater the control they have, the less the risk.

Getting a Grip on Business

What do I mean by control? Let me illustrate using the example of driving a car. To be a safe driver, there are six basic controls we all must have:

Steering wheel
Gas pedal
Brakes
Gear shift
Driver’s education/license
Insurance

You wouldn’t drive a car if you didn’t have any one of the above controls. Yet, when it comes to investing, this is what most people do — they invest without having any influence over the six basic controls of investing or a business:

Income
Expenses
Asset value
Liabilities
Financial education/management
Insurance

The reason Warren Buffett says he’s a better investor is because he’s a businessman who has control of those six levers of a business. In other words, he can tell how good an investment is by how well management manipulates these basic controls. In most of his investments, Buffett doesn’t just buy an equity position, he does his best to buy control of the business.

A good business person wants control over their business. For example, if sales are down and expenses are up, a good business person knows what to do to correct the situation. In my real estate investments, as soon as interest rates began to drop around 2000, our team immediately refinanced our debt (liabilities) on our properties, which reduced expenses, increased income, and boosted the intrinsic asset value of the property.

When I invest in real estate, I have lots of insurance. If a building burns or a tenant falls, I have insurance to cover those risks. A mutual fund has no insurance. That is why $7 trillion to $9 trillion were lost when the market crashed in 2000. Today, in spite of not having any insurance against losses, millions of employees happily deposit their money in their 401(k).

Know What You’re Doing

The bad news for most non-investors and passive investors is they pick investments that don’t welcome investor control. In fact, most non-investors and passive investors invest in the riskiest of all investments — savings, stocks, bonds, and mutual funds — all dangerous picks since investors lack control.

Ask yourself these questions:
Do you have control over the dollar’s fluctuation in value?
Can you get Bill Gates to reduce Microsoft’s expenses or replace its new marketing team?
Do you have any control over interest rates?
Do you know your mutual-fund manager personally?

While I do have some money in stocks, bonds, and mutual funds, most of my resources are in investments I control.

Even worse, most financial advisors — be they stock brokers, financial planners, or corporate investment advisors — don’t have any control, either. In other words, asking most financial advisors for investment advice is like a asking a taxi driver who’s driving a car without a steering wheel, gas pedal, brakes, or insurance to take you to the airport.

That’s why investing is risky for most non-investors and passive investors. As Warren Buffett says, “Risk comes from not knowing what you’re doing.”

Education Hinders Wealth? - Robert Kiyosaki

2007-11-21T18:17:00.000-08:00

THE principles of making money are surprisingly simple.

You do not have to be intelligent or well-educated to be rich.

We need no verification of that.

Most of us know at least one wealthy person who is neither educated nor smart.

In fact, judging by the number of poor people with PhDs, higher education must actually be a hindrance to financial success.

Truly rich people - not those who do it with loans, leveraging and manipulating other people’s money - simply have different habits.

The habits you need to learn to become a millionaire are no more complex than the rules for playing Monopoly.

Up till now, education about money has been left to the individual.

The only people I see taking the time to educate the public about credit, credit cards and savings are banks and other financial institutions.

But when we look at the track records of these institutions, it becomes quite obvious that these ‘teachers’ have a lot to learn themselves before they start advising other people.

To let bankers educate the masses about credit is a little like having the fox protect the hen house.

Most of us are so enamoured of the idea of security that, even when we are unhappy with our jobs, we will stay with them, day after day and year after year.

The truth is that staying in situations which are unsatisfying only increases our sense of insecurity.

We begin to feel there is no other choice but to sell our souls in the name of security.

In Control by Robert Kiyosaki

2007-11-21T18:16:00.000-08:00

The Power Of Belief - Anthony Robbins

2007-11-17T15:53:00.000-08:00

A clip from Anthony Robbins Cd Awaken The Giant Within