Shannon's Blog

Robert Kiyosaki is one of the most influential people in financial education in the world, he educates people to become multi-millionaires and to be rich. Money working for money is the philosophy of the rich and wealthy and that's how all the greatest wealth has been created. Rich Dad's Guide to Investing is another excellent book regarding this subject and I rated this book five stars at Amazon. If you have read Rich Dad books you are aware of his famous four cash flow quadrants; Left Quadrant: E: Employees and S: Self Employed; Right Quadrant: B: Business Owners and I: Investors. Robert Kiyosaki says that the right quadrant is the area of wealth where all the wealthiest people are operating from. In order to become truly wealthy it is necessary to create assets, (own businesses) build a system as a business owner and acquire assets ( as investor) with your business. He says that most investors never get very rich as they invest individually rather than investing a...

This is one of the best money books I have ever read, and a golden book that you must read if you want to become rich. I am very surprised and amazed the legendary city of Babylon had such a wise man who had extremely valuable ideas about wealth creation, money making ideas, property investment and other investment ideas in such an ancient time. The richest man in Babylon city was called Arkad, he was famed for his great wealth, liberality and generosity. One day, his poor friends who had the same masters and played together when they were young came to his house and asked him the SECRET of becoming rich. His poor friends could not understand why they all worked hard, but Arkand turned out to be the richest man in Babylon enjoying many luxuries, while they were barely able to make ends meet. Arkad replied that they had failed to learn the laws that govern the building of wealth or else they did not observe them. Arkad agreed to tell them the secret of wealth and started with t...

After the rich money lender became Arkad's mentor, he worked hard, resisted the temptation of spending and paid himself 10% of all his earnings. Then he gave his saved money to a bricker to buy jewelry from overseas so he could sell these for higher price in Babylon. A year later, when the rich money lender came to the shop he inquired about Arkad's progress. Arkad told him the story, but his mentor said to him his savings would be gone. Arkad was told that he should not trust the knowledge of a brick maker about jewels, but instead should have gone to a jewelry merchant. You must invest your money with someone who is competent and experienced in their field in order to make your money multiply. It happened exactly as the rich money lender said, the brick maker was sold colored glass instead of jewels and Arkad lost all his savings. However he did not give up, as his mentor had taught, he planted another wealth seed. When the rich money lender returned a year later...

--> The Five Laws of Gold 1.Gold comes gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family. 2.Gold labours diligently and contentedly for the wise owner who finds profitable employment for it, multiplying as the flocks of the field. 3.Gold clings to the protection of the cautious owner who invests it under the advice of men wise in its handling. 4.Gold slips away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep. 5.Gold flees the man who would force it to impossible earnings or who follows the alluring advice of tricksters and schemes or who trusts it to his own inexperience and romantic desire in investment. After reading this book, it reminded me of Rich Dad, Robert Kiyosaki, I have read most of the Rich Dad book series and realised he followed and mastered the laws...

Then how about the stock market? The stock market has slumped and millions have lost more than half of their pensions last year! Did you know that we can make money when stocks go up as well as down, you may have heard of Hedge Fund companies. George Soros, the billionaire investor and author made more than $1billion in 2008, (the year of the worst recession since the great depression in 1930s) while other prestigious companies went bankrupt? Some people may have heard of black Monday on October 1987, the day of the stock market crash, but it was one of the best days for some professional traders like James B. Rogers, who made millions on a single day. How about businesses? Microsoft was started during a recession and has become one of the most successful companies to date. Facebook was valued at $10billion in 2009 compared to $3.8 billion in 2008, an increase in value of 263%, compare this to the industrial giants, two of the “Big Three”- Chrysler and General Motors recently f...

Brian Tracy, one of world's most inspirational speaker and author once said that every one of us should write down a goal to become a millionaire and he claims it has become even easier due to the internet and technology development. He also said that if you want to become a lawyer you study law, if you want to become an accountant you study accounting and if you want to become a millionaire you should study money and rich people. So why not study rich and successful people, who have already been there? Personally, I believe Robert Kiyosaki is the best financial educator in the world, Robert and his books have inspired and influenced millions of people around the globe and helped them become rich. I decided to make him my mentor, despite the fact I have never met or spoke to him in my life. They say if you want to be rich, just copy the formula used by rich people, so I decided to copy his formula for my journey. All his books are written based on his own experience of buildin...

I first listened to Rich Dad, Poor Dad 2: Cash Flow Quadrant - Rich Dad's Guide to Financial Freedom (rated 5 stars by readers in Amazon) by Robert Kiyosaki in early 2007 and then bought his New York Times best seller, Rich Dad, Poor Dad . Since then I have read and listened to 12 Rich Dad or his advisor's books and CDs and I will be buying more of his books in the future. Despite the fact that I have spent less than £80 on his books the value that I got from his books is definitely and massively more than what I paid for my Master of Business Administration (MBA) course, which cost me around £8,000 in 2002. The value that I got from his inspirational books is tremendous and priceless; he taught be how to think outside the box and completely changed my mindset. My MBA taught me nothing about money and investment, while Robert Kiyosaki's books taught me everything about wealth, money and the power of leverage. I have learned the truth about the rich, why the rich are...