الاثنين، 22 يناير 2018

Baby Boomer? It’s Not Too Late to Start Your Own Business

Written by Robert Kiyosaki 

Five core strengths to work on today

We’ve talked a lot about how grossly underprepared many people are for retirement. If you go back and read Kim’s and my articles, you’ll fully understand that we have a retirement crisis on our hands.
Perhaps you’re feeling the pressure of looming retirement as well. I speak all over the world with people who are urgently looking to grow their financial intelligence through education precisely because they know they need to do something about their retirement now, before it’s too late.

The Rich Dad path to a secure financial future

At Rich Dad, we’re of the firm belief that moving from the left side of the CASHFLOW Quadrant—from employee and self-employed—to the right side of the quadrant—business owner and investor—is the key to securing your financial future, including your retirement.
Yet, I run into people who are afraid that their window of opportunity may have already closed. Many of these people are in the baby boomer generation who feel it’s too late to start a business.
If you’re in that group, there’s some good news for you. It’s not too late.

Baby boomers are big time entrepreneurs

As CNBC reports, a Kaufmann Foundation report shows “Boomers are twice as likely as Millennials to be planning to start a new business. The foundation also found in their 2016 Startup Index that 24.3% of all new entrepreneurs fall between the ages of 55 and 64.”
Moreover, the report shows that while millennials make up 25% of all entrepreneurs, that number is in the decline and “the Boomer percentage has been quickly increasing.”
The Kaufmann Foundation report defines one quality that helps baby boomers become successful entrepreneurs: experience.
While the young may have high energy and passion, they can’t beat the boomer’s experience both on a personal and a professional level.

Why boomer entrepreneurship is on the rise

Now, why would baby boomers start new companies rather than retire? The short question is that they’re not in a position to retire in the traditional sense. As my wife, Kim, wrote a while ago:
According to a survey by Bankrate, “Only 25% of those surveyed say they have no plans to work during retirement.” Meaning, three-fourths of Americans are planning on working well into their retirement.
That’s not surprising, given that “One in three Americans has absolutely nothing saved for retirement.” With so many people unprepared for their retirement, it’s no wonder that they continue to work hard well into their golden years.
For certain folks, the prospect of working after retirement can seem like a big negative. But as Kim points out, a change of mindset can open up new possibilities:
Retirement doesn’t have to be an extension of the Rat Race. In fact, retirement can and should be some of the best years of your lives. Consider taking an alternate approach to your retirement. One that defies working harder, for longer, just to get by…Work in our retirement stopped being about the daily stresses of paying bills and having enough income to live on. Instead, we got to focus on the work we were passionate about – building our business educating others on financial literacy. We didn’t work because we had to – we worked because we wanted to, and that made a huge difference.
So, there are two bits of good news, actually: you aren’t too old to start a business (even if you’re coming up or at retirement age), and it can be a lot of fun.

Five entrepreneurship strengths to build

If you’re attracted to the idea of being an entrepreneur in your retirement years, you need to know it’s a muscle you need to build. Here are five strengths that are required to be a successful entrepreneur.

Have a thick skin

It seems that as soon as you announce you are starting a business everyone is an expert in starting a business. Not everyone will love your idea or product, and they won’t be afraid to tell you. I’m not saying you shouldn’t listen to criticism, but you have to be able to take the punches and not take everything personally.

Get used to being constantly connected

As an entrepreneur, there really isn’t such a thing as “disconnecting” from the world, not in the beginning anyway. You’ll be living and breathing your new company while trying to educate everyone about your business. You’ll be constantly thinking about how to improve things, reduce costs, and sell more. There is no such thing as a 9-to-5 work schedule when you’re an entrepreneur.

Don’t look for constant praise

If you’re an employee, you’re probably used to getting constant feedback about your performance, tasks, and project completion. A lot of employees are even used to their bosses telling them how great they are—even if they know they aren’t. This is not the case for an entrepreneur. You won’t hear any of that unless you tell yourself. Your praise comes in the form of making money. And it’s going to be a while before you really get the praise you’re looking for.

Become your own motivation

Similar to needing praise, if you need external motivation, you shouldn’t be an entrepreneur either. When you wake up in the morning as an entrepreneur, there isn’t someone standing in your kitchen ready to give you that day’s tasks. It’s all on you. Get comfortable with being the person who motivates you to keep going each morning.

Learn to wear multiple hats

There are people I know that are only comfortable being an accountant, or a writer, or an event planner. These people are only comfortable doing one thing and, as such, should never be an entrepreneur. As an entrepreneur, especially a solopreneur, you are often putting on different hats, making a multitude of decisions and you need to be confident in doing so.
There’s a lot more that goes into starting a company, from business plans to corporate structures to getting the right funding. But these core strengths are the foundation by which all those other things become successful. Because it all starts with mindset. If you don’t have the right one, all your efforts will be doomed to fail.
So, today, take a look in the mirror and ask, “How am I doing in these five areas?” If you find you need work in one area or more, build a plan and get to work today.

أول فصل مع طفلي الاول

قبل عدة أسابيع ٫ أعلنت للعالم عن حملي الأول٫ وآعتقد أنه الوقت لاشارككم كيف كان الفصل الأول من الحمل٫في أول شهر عندما لم يعرف أحد أنني حامل والذي لحد الأن طفلي بخير وهو مايزال في بطني٫وهذا ماكان في الفصل الأول من حملي .....

اكتشفت انني حامل ...
 لأول مرة ٫ اكتشفت أنني حامل في 6 أسابيع٫ كما يمكنك ان تتخيل٫ أنا وزوجي كنا سعيدين على نعمة الله التي رزقنا الله ودعونا ان يتمم الله الحمل على خير. كنت أعلم أن حياتي ستختلف بعض الشيء٫ وكنت آتوقع أنه سيصيبني مايصيب الحوامل من غصيان وقيء اكرمكم الله ووحم فاستعددت لذلك.
أعراض الأشهر الثلاثة الأولى من الحمل .....
ومع ذل٫ الحمدالله٫ حتى الآن لم أصادف تلك المشاكل المعروفة عن الحوامل٫ الحكايات كانت أكبر من ذلك. لم يكن لدي أي غثيان صباحي٫ العرض الأخر الذي عانيت منه هو التبول٫ سلس التبول يصيبني عندما اعطس أو أكح٫ مازلت لم اتعلم ان اخذ احتياطاتي!!!مع إني أحاول دائما تذكير نفسي أن أفعلها...
الحصول على المزيد من الوزن ...
قبل أن يبدأ الحمل كنت مع الرجيم والرياضة وكنت في وزن مقبول لدرجة أني لبست جميع ملابس عرسي في عرس ابن عمي . قبل أن أتحدث عن مابعد ذلك، فقط أريد آن أوضح أن وزني كان زائدا ومع الريجيم نقصت تقريبا 6 ٫ لكن الحمدالله لم اعاني من مشاكل صحية بسبب وزني أبدا في حياتي. نحن فقط وراثيا من ذوي الوزن الثقيل على مقياس الوزن. لاحظت أن بشرة وجهي أصبحت صافية وغير دهنية، الحمدالله، لم أكن آعارض زيادة وزني مع الحمل، فهذا شيء طبيعي ومتوقع في الحمل، أنا أتفهم معاناة الحوامل في صعوبة تحكمهم بالوزن وفقدان الوزن، بالنسبة لي، بدأت أعاني من نفس المشكلة، مع أنني كنت أحاول أن آنقص الملح من أكلي لكي لايزيد وزني وانتفخ.
كنت من قبل أحاول الرجوع إلى وزني وقت زواجي واقتربت من ذلك حفاظا على صحتي، وزرت الطبيبة لعمل فحوصات شاملة لجسمي وهي نصحتني بانقاص الوزن اذا رغبت بالحمل، من سنة ونص تقريبا، في الحمل لم أعاني من القيء اكرمكم الله ربهذل بم أكن أخسر شيء يجعلني أخسر وزن أثناء الحمل. لذا بدأت أحضر وجبات صحية اتناولها أثناء الصباح ووقت العمل ، على أمل أن لايزيد وزني، والذي من السهل أن يزيد مع قدرة جسمي على التخزين. بالإضافة إلى الفيتامينات التي كانت تعطني اياها الدكتورة، مثل حمض الفوليك والماغنيسيوم والكالسيوم والاوميغا ٣ وغيرها.
وزني زاد تدريجيا بنحو 1 كجم في الشهر في الأشهر الثلاثة الأولى، يعني لم أكن أشعر بزيادة وزني في البداية وخاصة عندخا كنت في عطلة في الجزائر. مع محاولة الاهل اقناعي بتناول مالذ وطاب من الاكلات التقليدية الجزائرية بحجة أن لاتظهر أقار في جسم الطفل لأنني اشتهيت طعام ولم اكله... لكن للاسف كنت كل يوم اكل من المطاعم حتى احلامي كانت عن أكلات المطاعم.
لذلك، الان لا اشعر بذلك الانتفاخ الذي كان في الشهور الاولى، وزيادة وزني اصبح مشيي أبطئ قليلا ، وبرزت خدودي أكثر !
على كل حال، معرفتي بالحمل في سادس اسبوع جعلني أنتظر كثيرا لأشعر بحركات طفلي الأول. هذا ماجعل عندي القليل من القلق، لأنني كنت خائفة من مشاكل الاجهاض ، بقدر ما يحسد الناس لي لعدم وجود مرض الصباح،أو في الواقع أي أعراض جسدية ملحوظة وبصرف النظر عن التعب، خلال الأشهر الثلاثة الأولى، خلال الأشهر الثلاثة الأولى، ومع عدم وجود الاعراض لم اصدق أنني مازلت حاملا. بعد أن كان بعض من أفراد الأسرة اعانوا من الإجهاض وصعوبة الوحم، مع العلم ان في الاسابيع الاولى من الحمل لعبت العاب خطرة لانني لم أكن أعلم بحملي وبعد علمي بيومين سافرت في رحلة مدتها ٧ ساعات ألى الجزائر وعملت ترانزيت مع حمل شنطة تزن ١٢ كيلو في يدي، لذلك اقلق وافحص نفسي كلما ذهبت إلى الحمام اكرمكم الله، ودعوت الله أن يحفظ لي طفلي بسلام بداخلي.
أنا مأكدة أن ذا القلق يصيب الحوامل خاصة إذا كان الحمل الأول مثلي، وعندما اتذكر الان ذلك، أستطيع أن أقول أنه لم يكن علي أن أقلق على الاطلاق. أنا كبرت الموضوع، والكشف الشهري لدى الطبيبة ساعدني على الاطمئنان على طفلي وخاصة وأنا أسمع دقات قلبه. وبينما شرعت في الثلث الثاني من الحمل، فإن القلق قد ذهب، والأن بدأت أحس بحركات وركلات الطفل بوضوح، وعليه أطمئن بأن طفلي بخير.
شهيتني للطعام....
شهيتي للحلوى فلت في أول الحمل والان أصبحت عادية، وبالنسبة للاكل كما سبق وأن قلت أن شهيتي انفتحت لاكل المطاعم،. وخاصة الهمبرغر٫ والبطاطا المقلية، والفتوش احببت حموضته مع حلاوة دبس الرمان.
بصورة عامة..
بقدر ما كانت مشاكل القلق والوزن التي كنت اعاني منها، كان الفصل الأول أكثر تحديا عقليا مقارنة بالناحية الجسدية، ثم بدأ بتلاشي جراء انشغالي بالضيوف، سأكتب عن الثلث الثاني من الحمل في المرة القادمة عندما انتهي من تلك المرحلة، ويمكنني أن أقول أنها ستكون أكثر ايجابية عن الثلث الأول حيث انني استمتع بالحمل في هذه الفترة.  

الاثنين، 8 يناير 2018

This won’t work for freaks or sociopaths, but it’s the key to YOUR success

A while back I met a man who specializes in human behavior. Not sociopaths. Not freaks. People like you and me.
I asked him, why do most people know they need to start a business or become an investor, but ultimately do nothing?
His answer was not what I thought.
It’s not because they don’t have the money. Ask any drug dealer, they NEVER have a money problem. Addicts can ALWAYS get money. So, I’m pretty sure that means the rest of us can too.
It’s not because they don’t have the time. There is not a single person alive today who could not become more efficient with their time.
It's because they don’t have... confidence.
The rest are excuses we make up to hide the fact that we don’t have the confidence.
I used to teach a course that focused on this. There were three parts: BE. DO. HAVE. *I did not create this, but found great value in it.
The first step, BE, dealt with confidence. Because once you have the confidence you can take action (DO). Once you start taking action you will HAVE.
So, ask yourself, “Who do I need to BE” in order to HAVE my goals come true?
You need to BE a person with confidence. To get confidence you need two things:
  1. Knowledge
  2. Experience
Knowledge is actually pretty easy to get. It’s everywhere in this day and age. The hardest part is knowing the knowledge you get is honest and true. With the Internet today EVERYONE is claiming to be an “expert” or a “guru”.
This is one of the reasons I introduce you to my friends, partners and trusted advisors. I do this to help you know that the person I am introducing you to is the real deal. He/she walks-the-walk. They don’t just talk-the-talk.
That takes us to the second thing you need to build confidence, experience.
Until you get your own experience, you have to rely on, or piggyback on, the experience of your teacher. The person giving you their knowledge better have a lot of experience. If they are “faking it until they make it” run away... FAST!
To actually become the strongest person you are and build a business, you need to work on your confidence. You need to BE the person who can build a business.
To BE-come that person you need a teacher you have confidence in.
I want you to look to Anik for that role. He’s taught me and my team. He’s taught tens of thousands of students. Yes, Anik can teach you how to build a business. But I’m asking you to look to him to help you BE the person that can DO what is needed to HAVE what you want.
Anik is your first step.
Anik has sold MILLIONS on the internet from his home... probably in his pajamas.
It wasn’t automatic for him. He’s gone through everything to get his experience and knowledge. He’s gone through a LOT of trial and error, but he now has a simple 5-step process he wants to share with you... FOR FREE.
He’s giving away his Digital Bootcamp video course for a limited time that breaks down the exact process you need to follow if you want to BE successful.
He’s teaching you to build a business with email marketing. But he’s also teaching so much more. He’s teaching you how to BE. If you learn that, this won’t just be another course, it will be the beginning of a new, confident you.

الاثنين، 1 يناير 2018

TODD ENGLISH OLIVES مطعم للأطباق البحر الأبيض المتوسط

ويليام تود انجليش هو طاه شهير أمريكي يشتهر بعرضه التلفزيوني، فود تريب مع تود إنجليش، على PBS. الخميس اللي فات كان لي فرصة لتجربة مطعم  Todd English’s Olives في قرية Venetian ٫ على قناة فندق Ritz Carlton ٫ أبوظبي. اسم المطعم هو تكريم لزوجته آنذاك، أوليفيا.

مفهوم المطعم هو للمأكولات البحر الأبيض المتوسط ​​مع تأثير قوي من المأكولات الإيطالية. رحبت بنا موظفة اسمه بوجانا بحرارة ، وقد تمتعنا حقا بخدماتها٫ ولقد كانت على معرفة تامة بالأطباق التي قدمت لنا وتظهر الحماس في شرح مكونات قائمة الطعام. ومن البداية شعرنا كم تحب عملها.
الموقع :
الموقع في قرية Venetian على قناة فندق Ritz Carlton ٫ ويمكن الوصول إليه بسهولة كما يوفر ملاذا لطيفا من الحياة المزدحمة في أبوظبي. يوجد خدمة صف السيارات أيضا مواقف للسيارات تسع للعديد منها لهذا وجدنا موقف للسيارة بسرعة.كان مسجد الشيخ زايد مرئيا من طريق الوصول إلى القرية، في حين يمكن رؤية قرية البري من عبر المضيق.

الأجواء :
داخل المطعم٫ يجلس الزبائن حول عدة طاولات٫ أيضا يمكننا سماع أحاديث الأخرين٫ مستوى الضوضاء منخفض لذا يمكننا آن نتحدث براحتنا٫ في الحقيقة٫ أظن أن طاولتنا كانت الأعلى صوتا في المطعم. المطعم لديه جلسات داخلية وخارجية يمكن الجلوس في الخارج عندما يسمح الطقس بذلك.

الطعام والشراب :
حصلنا على كارباتشيو من لحم البقر٫ برافا البطاطا الحلوة٫ ستيك البط سيريد فوي غراس  و كارباتشيو الشمندر كمقبلات. كل هذا مفضل لكن الجذاب في القائمة كان كارباتشيو من لحم البقر. ستايله مختلف عن الذي تتناوله عادة. كان يتألف من ثلاث طبقات: غورغونزولا روستي كعكة (البطاطا) ٫ مزيج الخضار٫ ولحم البقر٫ مغطى بصلصة البلسميك. المكونات متجانسة مع بعضها بشكل يجعلها جدا شهي. برافا البطاطا الحلوة٫مغطى بالعسل٫ يعطيها طعم حلو حقيقي٫ومعجون الجلابينو أعطى دفعة من البهارات بينما أضافت جبنة الفيتا طعم أخر لذيذ٫ أما بالنسبة للفوي غرا٫ اكلة مشهورة ولذيذة من المطبخ الفرنسي٫أستطيع أن أقول فقط أنه كان متميزا خاصة لأنه يقدم مع بلينيس.الكبدة طعمها غني٫ مزبد٫ مخملي. كانت أكثر من لذيذة .

بالنسبة للباستا٫ طلبنا ريكوتا رافيولي المخبوزة٫ بيتزا البورتوبيلوا، اسكالوب فولفون و تندوري لحم كمقبلات. الرافيولي كان جيدا٫ في حين أن بيتزا البارتبيلو اللذيذة المخبوزة على الطريقة البيتية كان أفضل خيار وخاصة لأصحاب النظام النباتي. البارتبيلو بالفطر لها مذاق اللحم والمدخن ٫ أحببته. لكن المقبلات المفضلة لدي كانت  اسكالوب فولفون٫ الطبق لديه أكثر من طبقات: اسكالوب٫ كأس من الباف باستري٫ القرنبيط المهروس٫ السبانخ بصلصة الليمون والزبدة٫ بالإضافة لطعمها٫ فإن أطباق المأكولات البحرية تكتسب قيمتها من طبيعة مكوناتها٫ والاسكالوب كان مطبوخ بشكل رائع جعل قوامها يمط ولكن ليس كثيرا.

بعد المقبلات٫ شعرت بأن معدتي كانت ممتلئة تقريبا٫ ولكن لم افقد شهيتي للتحلية. الشيف خايمي مندوزا قدم بفخر حلوياته المنزلية تتكون من كعكة الريد فالفيت، كريم برولي،  تيراميسو وبانا كوتا. وتزيين الاطباق كان جميلا للأكل. ولكن في كل الاحوال أكلتها!

أيضا يقدم المطعم قهوة الاسبريسو لذا طلب زوجي قهوة دبل شوت اسبريسو. قال أنها غنية بنكهتها. مع لمسة من القهوة العربية. أما بالنسبة لي٫ اخترت كوب من شاي البابونج، لأنني لم أكن من مدمني القهوة.

الاثنين، 25 ديسمبر 2017

How to Cure Your Bad Money Habits

Written by Robert Kiyosaki 

...Without Cutting Up Your Credit Cards

When I was a young boy, I was rushed to the hospital for emergency surgery stemming from complications regarding an ear infection and chicken pox. At the same time, my mother was at home struggling with a weak heart. Not too long after, my younger brother was rushed to the hospital after hitting his head and my younger sister needed a knee operation. To top it all off, my youngest sister, Beth, had a baffling skin disorder that required multiple trips to the doctor.
The only person in our family who didn’t get sick during this time was my dad, but he may have contracted the worst disease of us all—heavy medical debt.
My siblings and I recovered from our hardships. My dad did not. From that point on, he struggled financially, carrying the burden of debt, including a mortgage. He had dreams to be a professor, but instead he compromised to take an administrative job for the State of Hawaii school system.
Later in life, in futile attempts to recapture what he’d lost after many years of sacrifice, my dad chased after a lot of get rich scams. Each time, he lost the little money he had saved up. He kept making bets, and they kept failing.
At the end of his life, my father lamented to me and my siblings about how little he had left to give us. Holding his hand, I cried with my father. He had dug a financial hole early in life, and he never dug out. I loved my dad, and it was one of the saddest things I’d ever seen.
I learned a lot from my dad about money. Unfortunately, it was more about what not to do rather than what to do, but those lessons were important. And fortunately, my best friend’s dad became a mentor to me, eventually becoming who I would call my rich dad.
Rich dad taught me many lessons about money that were in contrast both to what my natural father, my poor dad, said and did. Perhaps most important, rich dad taught me what it takes to dig out of a financial hole.
One lesson, in particular, was crucial: pay yourself first. And it’s that lesson I want to share with you today.

Decision Day

Now it’s time to make one of the most critical decisions in your life—will you take control of your finances or will you not.
If you take control of your finances, it will empower you to shape a new life for yourself. Getting financially healthy can seem like a huge undertaking, but the choice is really a series of smaller decisions. The decision to change your financial future is a mere preliminary. The decision to follow up, renewed each day you open your eyes, is the more critical choice.

How Deep Are You?

The problem with money problems is that things tend to pile on fast. You might make one financial mistake—or run into a spell of bad luck—but if it’s not quickly remedied, you soon start digging an even deeper hole.
To get a sense of how deeply dug in you are, look at the list below. If you can answer yes to any of the questions, put a check in the box:
Add up the checks in the boxes. Is your score 0? Good for you! You are in control.
If you score in the 1-5 range, however, you may need to reduce your debt. If you score in the 6 to 10 range, watch out! You may be headed towards a financial disaster. The higher the score, the more urgent it is that you increase your financial literacy.

You can manage your money without living below your means

There are financial gurus out there who say the only way out of debt is by cutting up your credit cards, forgoing your daily coffee (or avacado toast), or even putting your credit card in a freezer. Essentially they are saying, “Live below your means.”
There are many reasons that I do not subscribe to the live-below-your-means methodology. But essentially, I don’t think that advice solves the problem for anyone who wants to be wealthy. If a person wants to become wealthy, they need to learn how to respect the power of debt, know how to get into the right kind of debt, and learn how to harness the power of debt.
This all takes self-control—the ability to delay gratification. This is the beginning to changing how you think about money. Instead of saying, “I can’t afford it,” start saying, “How can I afford it?

Debt isn’t your problem

I wrote a blog about why debt trumps savings, but there’s a big difference between the good debt and the bad debt that is drowning most of America’s middle and lower class.
Good debt makes money for you. It’s the debt you use to invest in assets that pay for themselves. Bad debt takes money out of your pocket and is spent on things like clothes, electronics, a mortgage, or car. The problem isn’t the debt; it’s the financial literacy to know the difference between good debt and bad debt.
At Rich Dad, we say you shouldn’t live below your means. Rather we say you should expand your means by purchasing assets so that eventually the income from your assets pays for things like clothes, electronics, a mortgage, or a car. Sometimes you’re dug so deep financially that expanding your means to match your debt level isn’t possible. For people in that unfortunate situation, a debt-reduction program is necessary, which means until they are debt free, they must live within their means.
But if you’re debt is under control, you should pay yourself first.

Pay Yourself First

So many people get the wrong idea when they hear me say you should pay yourself first to get ahead financially. They usually think it means “treat yourself,” which is absolutely far from what I mean.
To get ahead financially, you have to invest in assets. But most people can’t go out right now and buy a cash-flowing asset. Which is where the pay yourself first rules come into the picture.
With every single dollar that comes into your household, take 30% off the top. Whether the money comes from your paycheck, tax refund, or gift, follow this rule.
Then, take one-third and divide it up between three accounts: savings, investment, and charity. Your savings account becomes your rainy day fund. Your investment account will buy your assets, and your charity account will be your opportunity to give back (which is so important to Kim and me.)

How Kim and I did this

Perhaps you’re thinking, “Sure, that sounds easy when you make as much as you do. But what about me? I’m living paycheck to paycheck!”
Fair enough, but you should know that Kim and I have been there and done that. When we were first married, we were very poor. I was $1 million in debt, and at times we lived in our car or on the couch of a kind friend. During that time, we were hustling day and night to build our business, and we hired a bookkeeper named Betty.
Betty was great because she organized our finances and kept us honest about our financial situation. But the one thing Betty and us disagreed on was the idea to pay yourself first. Each month we instructed her to take the 30% off the top and apply to our savings, investments, and charity—and each month she moaned about what a bad idea it was (mostly because the money wasn’t there for it).
Yet, each month, we made it happen and Betty dutifully fulfilled our directive. As entrepreneurs, we worked together to figure out new ways to make up the shortfall. We’d find side jobs, or create a new product. We’d hustle our way forward. And in the end, we paid ourselves and paid our creditors. Betty almost had a heart attack, but it all worked out!

You can do this

The good news is you can do the same! Make this a habit. Once you embrace paying-yourself first, you will be surprised at how fast the money will grow. Once you start investing in assets, that’s when the fun starts and you are able to use that income to purchase things like cars and vacations. But only once you’ve replaced your salary with investment income.
It would be great if everyone had a rich dad and grew up learning financial literacy. Most of you didn’t have such an advantage. Don’t let that discourage you. Regardless of what did or didn’t happen in the past, when you’re ready to make big changes, amazing things can happen in a short time. Many great fortunes have been built by determined people who started out later in life, even people who were in considerable debt.
In my years of teaching, I’ve had the good fortune to meet and hear from tens of thousands of students who have taken the steps to get a financial education have turned their lives around. No matter what stage of life a person is in, if the desire to change is there, change is possible.

3 Simple Ways to Start Investing Today

Written by Kim Kiyosaki 

From residential rental properties to REITs, find your perfect real estate plan

There’s one surefire way never to make any money in real estate: Not to invest. Yet everyday, people tell me they would love to invest, except [insert excuse here]. And I’ve heard just about every excuse in the book—they don’t have any money, they don’t know what the options are, they are scared of making a mistake, they are not sure it’s the right time, and so on.
Well, as Wayne Gretzky once said, you miss 100% of the shots you don’t take. If you never start investing, you’ll never reap the rewards and escape the rat race. So allow me to quickly address the most common excuses named above:
  • Money: You have the money. You simply choose to spend it on other things. Instead, you should look at your budget and reallocate the amount you feel comfortable spending on investments each month. Sure, you might have to cut back in other areas for a bit, but isn’t that going to help you reach your long-term goal?
  • Knowledge: Before you dive in, start off by doing research—I suggest starting with a free workshop to educate yourself. Or tap into a trusted resource who has found success in real estate and ask them to be your mentor.
  • Confidence: You’ll want to find the right first property to begin, and this takes patience and number crunching. Pick an area where vacancy rates are low and choose a property that offers the amenities people are looking for.
  • Timing: If you’re investing for cash flow (not for flipping), the market direction really doesn’t matter as much. You aren’t hoping to earn a quick profit by selling before your mortgage paperwork is even dry. This is a long game, not easily affected by the ups and downs of the market.
So, now that I’ve debunked all those lame excuses, what’s next? You just have to start. Taking the first step is often the hardest on any new path. So here are a three ways you can get started—pick the one that resonates with you and begin!
  1. Residential Rental Property. Once you own a property, you become the landlord of your future tenants and are responsible for paying the mortgage, taxes and maintenance costs (and possibly a property manager, if you don’t want calls about broken appliances at midnight). Ideally, you’ll want to be able to charge more than your monthly costs, so that you earn a profit. This is your cash flow—your paycheck for filling the property with a quality tenant. For instance, I now own thousands of apartment units across multiple states—but I didn’t start there. I started with one single-family house. And I’d recommend the same for you.
  2. Real Estate Investment Trust. A real estate investment trust (REIT) is created when a corporation (or trust) uses investors’ money to purchase and operate income properties (residential and commercial). REITs are bought and sold on the major exchanges, just like any other stock. According to Investopedia, a corporation must pay out 90% of its taxable profits in the form of dividends to keep its status as an REIT. By doing this, REITs avoid paying corporate income tax, whereas a regular company would be taxed its profits and then have to decide whether or not to distribute its after-tax profits as dividends. Since the 1960s, REITs have been a popular choice for income investors due to their reliable payouts and massive capital appreciation potential.
  3. Real Estate Investment Groups. If you want to own a rental property, but don’t want the effort associated with being a landlord, this option may be the right solution for you. Akin to small mutual funds for rental properties, a company will buy or build a set of apartment blocks or condos and then allow investors to buy them through the company, thus joining the group. The company operating the investment group manages all the units, handles maintenance, advertising vacancies and interviews possible tenants in exchange for a percentage of the monthly rent.