I’m a big fan of Robert Kiyosaki.
You probably know he’s the best selling author of Rich Dad, Poor Dad.
I like his book Cash Flow Quadrant the best.
Click here to see a previous post on his cash flow concept.
Whether you are a Robert Kiyosaki follower . . .
Or you are checking him out for the first time, you will want to watch this interview that Oprah did with Kiyosaki.
It’s a good 15 minute watch.
Then get the book, Cash Flow Quadrant!
A while back, I shared Robert Kyosaki’s thoughts on the Cash Flow Quadrant and passive income.
You can see those living with passive income are 5 percent of the population . . .
Yet, this is 95 percent of the nation’s wealth.
Want to understand passive income a bit better.
I recently watched a video by Pat Flynn. He runs the website Smart Passive Income.com.
In under seven minutes, he shows you a passive income model.
All of this is directly related to building your You, Inc.. It’s well worth the 7 minutes!
If you have been trying to build “You Inc.”, you know that having your own list of leads is critical to your success.
Now you can have a system that allows you to generate your own list of leads . . . for free.
No catch. No credit card. No Phone Number.
And you can give away free systems, which help you build your list!
Click here and check it out yourself.
Well known author Seth Godin had a recent posting on “the impossibility of amazing.”
He started out with the following all true statement:
If you set your bar at “amazing,” it’s awfully difficult to start.
Too often, he says, “no path” is the easiest path between what you’ve created and your vision of “the perfect.”
His solution: “Follow somebody else and wait for instructions.”
Check out his blog by clicking here–and signup for his email newsletter.
I’m on a number of email lists. One that provides some helpful business tips from time to time is Tom ‘Big Al’ Schreiter from Fortune Network Publishing.
Here’s what he had to say about folks who briefly consider options for financial success.
So your prospect has a depressing, dream-sucking job, and then sees your opportunity. Isn’t is strange that your prospect then makes a decision to give up all hope for his life and resign himself to a lifetime of labor at a job he hates?
Tom ‘Big Al’ Schreiter
http://www.fortunenow.com
Just something to think about.
Quick post of information today! Many things to get to on my To Do list! And that’s what I’m writing about.
I have been looking for a solution to the scraps of paper on my desk and my scattered “To Do List’.
Sound familiar?
I used TaskWise for some time, but the company disintegrated before my eyes. The site is still up (and they may still be charging). But it doesn’t work and the company doesn’t respond for requests for assistance. Buyer Beware!
Next, I turned to downloading the Day Timer app on iTunes. The idea was to sync up my Outlook Tasks with my iPhone. It looked like it might work. And the first level, customer support was pretty good and responsive through email.
However, Day Timers’ second level support drops off pretty significantly. Never did hear back from Level Two, after 2-3 emails. Again, buyer beware.
Then I tried some “work arounds”. But ultimately, I didn’t think that Outlook Tasks had the flexibility I wanted.
Then I stumbled on Wunderlist. I strongly encourage you to check it out.
Desktop based, with apps for most smart phones.
It allows seamless syncing back and forth between your smart phone and your desk top.
Wunderlist provides some pretty helpful sorting features, so you can pull out your priority “To Dos”.
And it allows you to set up multiple lists. I have one for Personal, and others for the various businesses/projects I’m running.
There are some features that would be nice. Like, the window is too big on the computer screen–it would be nice to be able to resize it much smaller than the program allows.
It does most everything I need it to do. And the price is right–free!
Pick it up . . . and get yourself organized!
On the treadmill this morning, I was listening to Robert Kiyosaki and a recording he did on the “The Business of the 21st Century.”
If you have been educating yourself on creating financial independence, chances are pretty good that you have read one of his books. His first was “Rich Dad, Poor Dad.”
In it, he describes the financial education he received from his “poor dad” and contrasted that to the financial education he received from his “rich dad.” His father, his “poor dad”, taught him the path to wealth and independence was to go to work for a good company, enjoy job security, and retire in 30-40 years with your gold watch!
Contrast that to the education he received from his “rich dad”. He was the father of one of his friends and taught Kiyosaki how to secure assets and then make his money and his assets work for him.
His second book, “CASHFLOW Quadrant” is the book I recommend that you read. In it he covers the concepts found in “Rich Dad, Poor Dad”. But, he goes into detail on the “CASHFLOW Quadrant”, a very important concept to learn how to build financial independence.
On the left side of the quadrant, you can see where 95 percent of the population earns their income. They are employees who trade “hours for dollars” and the “solos”. The key characteristic of their status is very simple. Like the employee, if they don’t work, they don’t get paid. A self-employed lawyer might have a very profitable practice. But, if she takes a Friday off and doesn’t bill clients, she isn’t getting paid.
Likewise for the small business owner. If he doesn’t open his restaurant on a Monday holiday, he doesn’t get paid, because he isn’t serving meals.
Note that while the bulk of people find themselves on this side of Kiyosaki’s CASHFLOW Quadrant, the bulk of the income actually is on the other side of the quadrant.
Five percent of the population are either business owners where their businesses are working for them rather than the other way around.
Or, their investments are working for them, such as real estate and other reoccurring investments.
Note where 95 percent of the income is found. Yes, indeed, on this side of the CASHFLOW Quadrant.
So, how do you get from the left side of the CASHFLOW Quadrant to the right?
Well, there are ways to get there. And you don’t need a six figure investment.
Stay tuned. I’ll be writing more on this over the next few weeks.
