CashFlow Comunity

Today is the first day of the Real Estate Workshop here in Scottsdale, Arizona. The principal speaker (aside from Robert, Kim and Sharon) is Wayne Palmer. He will be sharing his creative real estate genius with 163 people from all over the world.

We have people here for the workshop from:

Ecuador, Guam, Ireland, Sweden, Norway, Finland, Poland, Switzerland, Grand Cayman, Mexico, Japan, New Zealand, Australia, China, Canada, USA

The required reading for the course was The Best Real Estate Advice I Ever Received by Donald Trump. Although not a large portion of the content or context of the event, the book helped me to get into a real estate frame of mind. Blair Singer (author of Sales Dogs) shared with the room the piece of the book that stood out most for him. It was a quote from Lester Crown (chairman of Henry Crown and Company): "The best real estate advice I ever received pertains not just to real estate but to any transaction - you can't make a good deal with a bad partner." Amen to that.

More updates as the weekend moves along.

Tomorrow morning we kick off the much awaited Rich Dad Seminars that will go until Wednesday of next week. The seminars are located here in Scottsdale, AZ. This is a perfect example of a great opportunity that I have been given by working for the Rich Dad Company. These seminars are limited to around 150-200 attendees and are completely sold out. The average attendee pays between $3,000 and $4,500 to attend. I simply have to show up ready absorb as much information as possible.

The first is a 2-day real estate seminar featuring real estate guru Wayne Palmer. Wayne is one of Robert's goto guys as far as real estate goes. From my understanding Wayne is a real estate genius who specializes in the packaging of real estate deals, often without using any of your own money. I am looking forward to what he has to say, meeting him, and the opportunity to ask him some questions during those two days.

The second seminar is a 3-day seminar on entrepreneurship. This is supposed to be focused on building a business and building a brand. Robert will be the main speaker for this seminar, but I am sure he will have many guest speakers and specialists in the entrepreneurship field.

If you would like to get a sample of these seminars you can view some video's on the Rich Dad website (https://secure.richdad.com/2007events/wp_new.asp?t=n). Hopefully I will also be able to get my hands on some video footage of the actual events. If so, I will post the video clips I found most important right here on my blog along with my thoughts on them and the seminars as a whole.

In an effort to be more targeted to what his readers want, Robert has asked me to pass along an invitation to share your thoughts on the subject of his next book as well as the subject of the next book he will co-write with Donald Trump.

What are you dying to know? What is going on in your own investment world that you would like to learn more about? What subject can Robert and Donald offer their perspective on? What can they teach you? Let us know. Thank you!

This past weekend was quite an interesting one. It all started on Thursday afternoon when I received a phone call from my mothers work letting me know that she was not feeling well and needs to go to the hospital. When I talked to my mother she insisted that it was just the flu and she just needed to lay down for a while. Two days later she was finally discharged from the hospital after doctors had found out that she had a stroke on Thursday after noon.

The weird thing about this is that my mother is only 49 years old and not in the best shape, but not stroke worthy shape either. The doctors could not find any real reason for the stroke, no clots, or blockages of any kind. What does this have to do with my road to financial freedom and those of you that are reading this? What I believe caused the stroke is a very high stress level. Most of my mother's stress comes from the lack of financial stability and even more so the lack of financial intelligence. Taxes were due, which she had gotten hammered on because she did not take into account the money she would have to pay in at the end of the year and she waited till the last minute to due her taxes. I mean literally the last minute. She had finished her taxes on Tuesday the 17th which because of Sunday being the 15th and Monday being a holiday was this years official deadline. This means by Thursday I think she had been stressing for a few days about all the money she has to pay in and does not have.

My Mom is a single mother who has as long as I remember worked more than one job at a time to make ends meet. She has tried doing the Mary K Cosmetics, the Tupperware parties, etc., but nothing ever seems to pan out for her and she is back working two jobs and in the hole a little bit from the failed attempt. Why? Why are many people very successful with these things and others failed miserably?

I plan to find the answer to that question through good old on-the-job research. I have teamed up with my mother on a multi-level-marketing venture. My goal is to first observe my mother and see if I can spot why the other attempts have failed. Once I know what the problem is, I can then develop a plan suited towards my mother, her lifestyle, and her way of thinking in order to steer her in a much more successful path.

I am not a master of the MLM business nor the cosmetics industry, so this will be a learning experience for me as well. Hopefully I will be able to provide that little bit of guidance and support that my mother has never really had in her other attempts. The other thing I plan to bring to the table for my mom is an online presence, something she has never had in the past. I will help her utilize all of the online tools that the MLM company provides as well as help develop tools that they do not.

I would appreciate any comments or advice you may have top give on this topic. The company we will be promoting is called Arbonne International (http://www.easyarbonne.com). Anything that you can share about the MLM business or the cosmetics and dietary supplement industry would be wonderful. Even better if you have experience in both worlds!

Robert once again speaking about the upcoming events focusing on building a brand, creative real estate financing and building a business. He walks through the pieces of the CASHFLOW Quadrant and the B-I Triangle.

Wayne and Robert discuss another deal for a 185 unit self storage facility. This one is unique due to the financing options available.

by Bud Bilanich Your brand is how people think of you. Tom Peters says that “a brand is a trust mark, it’s shorthand, it’s a sorting device.” Think of the well-known brands that you know - Coca-Cola, Pepsi, Dell computers, iPods - all of them are shorthand for a product. When you think cola, you probably think Coke or Pepsi. When you think computers, Dell probably comes to mind. When you think

Sa zicem ca ai un prieten in Spania sau Italia (practic oriunde pe glob, inclusiv in tara), si iti trimite bani.

Ce face el?
Se duce la un ghiseul Western Union, sta de vorba cu un functionar, completeaza hartiile, da explicatii, depune banii + comisioanele si... astepti. (Stie cineva care sunt comisioanele la 500 euro la un transferul din Spania in tara? Se spune ca sunt destul de piperate). Asta a fost varianta lunga.

Mai inteligent ar fi sa iti transfere banii, stand comod acasa. De pe notebookul lui, din contul personal prin MoneyBookers Bank. Tu vei anuntat(a) imediat pe adresa ta de email cand iti face transferul. In felul asta, tu ai bani in contul tau din Banca MoneyBookers.com, instant. De aici, ii transferi cand vrei tu in contul personal din banca de la care ai card. Apoi ii ridici de la orice bancomat. In cateva minute ai banii in mana. E greu?

Ce faci tu?
Iti deschizi un cont bancar la MoneyBookers.com acum (dureaza cateva minute). Ii trimiti si prietenului tau linkul catre acest articol ca sa nu te mai chinui sa-i explici ce si cum.La primul transfer vor fi mici verificari din partea lor, ca sa se asigure ca nu te tii de prostii, dar totul este explicat in detaliu in helpul lor.
Totul e perfect SECURIZAT, fara taxe ascunse sau alte mizerii.

Din emailul de notificare care il primesti la o plata (practic intri in contul tau, securizat) faci o retragere prin ordin de plata (Banca MoneyBookers lucreaza cu Raffeisen) sau mai rapid, direct pe cardul tau (ai banii imediat in cont). Asa ai banii in cateva minute ca sa ii "investesti".

Aceeasi procedura se aplica si in sens invers. Prietenii tai pot primi bani de la tine prin MoneyBookers Bank (daca ii imprumuti tu :), bine-inteles).

Primesti un comision de 30% (profitul tau) de la MoneyBookers.com. Verifica.

The biggest real estate questions are “How do I get started?” and “Is it really possible to make money?” The best way to get started is to flip. Flipping is simply buying a property with a little something wrong with it; preferably around 25 percent under market value. Make a few improvements and sell for a profit in less than a year. I know some flippers have gotten some bad

What I Heard

In an article/news release on 18 April, Canada's CNW announces Rich Dad Education's plans to expand to the United Kingdom. They describe RDE as "a postsecondary education company that delivers actionable, life-changing financial philosophies and content from the Rich Dad books and products through the proven educational model developed by Whitney Information Network."

What I Think

A vast majority of the feedback I have received from students who have taken courses offered by RDE (I have taken one myself) has been positive. Have there been students that have benefited from the training and have improved their investing, business and personal lives? Absolutely. Have there been dissatisfied students? Absolutely. Will there always be dissatisfied students. Definitely. There is no getting around this.

The bottom line is that in any situation or opportunity in life, you get exactly what you need at that particular time. The trick is to have your eyes open and be willing to take the feedback. We are constantly receiving feedback, every minute of every day. What I have been getting better at is recognizing the feedback and learning from it. There is always a lesson to be learned.

I am excited for the students in the UK and am certain they will benefit from the training RDE provides. After all, this is the type of training Rich Dad customers, followers, readers, viewers have been asking for from the beginning. Now we are able to deliver it.

This Tuesday was a very interesting and busy day at Rich Dad. We had our Tuesday meeting centered around an article written in Vanity Fair Titled Washington's $8 Billion Shadow. A co-worker of mine has a wonderful blog called Rich Dad Underground and had a very good interpretation of the article that fit what I was going to say quite well. Please check it out, he has had a very good look at the inner workings of the Rich Dad Company for quite some time now.

Robert took myself and a co-worker out to lunch shortly after the meeting. We talked very little about actual Rich Dad business and more so just on general thoughts about different types of investing. As we were in a restaurant in the middle of Scottsdale we talked quite a bit about the restaurant business which also lead to good conversation about franchising. Robert's thoughts on the restaurant business were very much like my own. I would very much love to start one, but would never want to run one. By this I mean I would love to be in every stage of the development of a new restaurant and setting up a system for it to run on it's own, but would never do it if it required me to be there to operate successfully on a daily basis.

Reading the Rich Dad Poor Dad book and now working directly with Robert I have come to feeling this way about all business ideas. I only want to create something and be there for the beginning stages. I do not want to run a business, I want to create systems that run themselves. I want to hire people to run my system's, no matter what market I decide to venture into. This can be done in any market, for any business idea.

OK so, you never really know what you are going to get on Tuesday morning here at The Rich Dad Company. We meet each Tuesday at 7:30am for a study session and a business briefing run by Robert. In the room physically are those in the company that wish to be there (attendance is "optional"), our Coaching partners in Utah (via video conference) and our Education partners in Florida (via telephone). The topic is supplied by Robert usually the day before in the form of an article or excerpt from a book, magazine or web site. This morning the topic was an article in Vanity Fair magazine titled "Washington's $8 Billion Shadow" (Vanity Fair, March 2007).

What I Heard

The article is about how US Government contractors, such as Halliburton, Bechtel, and Science Applications International Corporation (SAIC), are able to write their own tickets by hiring ex-military officers who still have influence in the government. The article goes as far to say that the Iraq war and the war on terrorism were engineered (or at least heavily promoted) by these quasi-military organizations for their own benefit and for the benefit of their employees.

Comments were given by several in the room with naval backgrounds that had seen the influence of SAIC in person during their careers. They described a "creepy" feeling when in the presence of the company and/or its employees. Like something was not right.

One quote from the article that really stuck out, and that Robert made sure to voice was "...contractors absorb the taxes paid by everyone in America with incomes under $100,000. In other words, more than 90 percent of all taxpayers might as well remit everything they owe directly to SAIC or some other contractor rather than to the IRS." The point being that most of us (in the E or S quadrants - Employee or Self Employed) spend 50% of our time (or whatever tax bracket you are in) working indirectly for government contractors that can write their own checks. Think about that for a second.

Robert also added that R. Buckminster Fuller once said that the only purpose for government is to vacuum money from your pockets (I cannot find the quote).

What I Think

First, being the spy movie junkie I am, I enjoyed the article. I am always intrigued by stories of behind-the-scenes (or completely out of the theater) government shenanigans. This went a bit deeper though. It brought the message directly home to me. I am in that category of people working 100% of my time to support these companies that can literally script their future without fear of, well anything. That does not sit well with me.

So, how do I deal with that? From my perspective, one thing: pay little or no taxes (legally of course). How do I do that? Step one is get out of the S quadrant and into the B and I quadrants (Business owner and Investor). Step two is to invest in businesses and real estate, the two investment classes the tax laws were written for.

What Do You Think?

Robert goes further into detail on the CASHFLOW Quadrant and the B-I Triangle and how the students at the event 30 April to 2 May will learn how to build a brand.

In caz ca i-ai uitat

Robert and Wayne discuss a deal involving 163 storage units. Wayne will be at the Real Estate event at the end of April. Don't miss this event.

I just wanted to share something fun that just happened. This just goes to show the true character of Robert and Kim Kiyosaki. I (who just started working with the company less than 3 weeks ago) just received a phone call from Robert and Kim. They are currently in Hawaii for a book signing and found the time to call little old me and wish me a happy birthday. Kim even sang the birthday song!

This put a tremendous smile on my face so I just wanted to show all of you what kind of great people I am fortunate enough to work with.

I would first like to let all of you know that from here on I am going to try my best to post a new blog each week. I cannot commit to a specific day, but I can say it will most likely happen towards the end of each week. This will allow me to reflect on and share things that have happened during the week.

This week at Rich Dad we had a couple of good meetings that pointed out some very good things. In one of the first meetings Robert stressed the importance of communication and how important it is to be able to communicate with different types of people on many different levels. We all know, and maybe some of you are, someone who has and uses a very large vocabulary to make themselves sound smart. At the surface of this you might be thinking "How can this possibly be a bad thing?". Having a large vocabulary is by no means a bad thing. Not knowing when and where to use the appropriate words in that vocabulary is where people get themselves into trouble. It is very crucial to listen before you speak. Observe your surroundings, the language used, the demeanor and tone of the speaking. If you are not doing these things before you speak, you can get yourself in some pretty deep water simply over a misunderstanding.

The reason I found this so important is because it holds true in almost any situation you can think to apply it to. One of the major reasons many relationships and marriages do not work is simply because of communication gaps, the same can be said for business partnerships. Too many people are extremely smart/educated, but have no clue on how to portray their smarts to a target audience. You may have a billion dollar idea or invention, but if you are not speaking in terms your investor can understand you are not going to see a penny of that investment capitol.

Next time someone is frustrating you because they are not understanding you, take a step outside of the conversation, observe what you said, how you said it, how it could have been taken, and find another approach. Keep trying new approaches until you find one that works. This goes for you not understanding someone as well. After taking this approach to situations often enough, you will learn to step outside of the situation far before there is ever a misunderstanding.