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Most financial advisors say you can't predict the future. These experts claim you can't pick a market's top or bottom. And since you (or they) can't predict the future, they advise that you just leave your money with them for the long term. For most people, this is good advice because they don't have the financial education to know any better. But for those who want to get rich, understanding what the future holds is one of the best ways to gain an inside track towards wealth. The best way to anticipate what the future will bring is to study the past, or prognosticate. Robert's rich dad often said, "There's a difference between a fortune-teller and a prognosticator." That's why he encouraged Robert to take the study of history seriously because in studying the trends of the past, it becomes easier to see the potential patterns of the future. The times are rapidly changing, and if you want to be rich, your approach to money and investing...

When you steal or lose someone's money, you take a part of their life. ~Rich Dad Today, there are millions of financial planners and other so-called financial experts who truly believe they're doing the right thing when they recommend the investments they sell. Most financial experts aren't rich people but merely sales people. They have no financial education - only sales training. They sell what they're told to sell. Just ask anyone who has worked for one of these financial sweat shops. One of the biggest rip offs is the 401(k), a government endorsed Ponzi scheme designed to make mutual fund companies rich. A major problem arises when more people want their money back than there are people willing to put money in. This is why the 401(k) has such severe penalties for early withdrawal. The Conspiracy roars on. Those that caused and profited from the financial crisis remain in control. Agents of the Conspiracy, the hundreds of thousands of financial sales people masquerad...

Prior to 1974, employers rewarded workers for years of loyalty and hard work with a guaranteed retirement income. They didn’t have to save for retirement. After 1974, workers had to move a portion of their income into managed accounts stuffed with stocks, bonds, and mutual funds, hoping that the market would grow steadily for many years. Because people were not financially intelligent and didn’t understand the financial markets, a whole new industry was created, financial planning. One reason why those in the middle class are getting poorer is because they’re playing by the old rules of money. They’ve been taught to go to school, get a good job, and save for retirement in a well-diversified portfolio of stocks, bonds, and mutual funds. Meanwhile, the rich play by the new rules of money and get rich off those stuck trying to play the retirement game in the old system. it’s pointless to fight the system because the banks and the ultra-rich are in control and know how to manipulate the sy...

We live in an age of unprecedented openness. As stated earlier, technology has made information and communication free or almost free. There is more opportunity than ever before…yet that opportunity is largely theoretical. Between 1997 and 2001 the gap was as follows: 1. The top 1% earned 24% of earnings growth. 2. The top 10% earned 49% of earnings growth. 3. The bottom 50% earned 13% of growth. Until 2008 none of this seemed to matter. The wonderful inventions, such as iphones, ipods, Twitter, Google, and Facebook kept us entertained like kids at Disneyland. At the same time, the expanding bubble of debt created a surreal environment of monetary nirvana. As this financial crisis lingers on, the gap between the new plutocracy and the new Dumpies is becoming a pressing political issue. During the 1960s, the hippies dropped acid and dropped out. Today, as Dumpies, the largest demographic group (a.k.a. baby boomers, approximately 75 million strong…of whi...

The first decade of the 21st century is over. Many people find themselves off to a bad start. The new century began with the Y2K scare -- the threat of computers shutting down around the world. Then 9/11 came, followed by two long and expensive wars. The Nasdaq bubble and crash were followed by the real estate bubble then subprime crash, which led to the unprecedented printing of trillions of dollars in an attempt to prevent a global depression. The result is a lingering financial crisis that has expanded the gap between the haves and have-nots. Many Dumpies became Dumpies simply because, like dinosaurs, they failed to notice the weather changing. They simply followed in their parents’ footsteps, faithfully believing that all they had to do was go to school, get a job, buy a house, save money, retire on a company pension, collect Social Security, and live happily ever after at the country club. The formula worked for their parents -- the WWII generation – so why shouldn’t it work for t...

Inflation, is the increase in prices over time that causes the purchasing power of money to decline. Inflation is something that has the potential to financially wipe you out. However, it can also help you become very wealthy-if you have a high financial IQ like the truly rich do. Inflation is an unavoidable fact of economic life. History is an important teacher, and history teaches us that there have always been, and there will always be, booms and busts in the economy. Essentially, whenever you invest, you're investing in business. And business goes through a cycle. Inflation (expansion) and recession (contraction) are the recurring phases of the cycle, measured by certain economic indicators such as the gross domestic product and the unemployment rate. If you know where the country is in the business cycle, whether it's expanding or contracting, you'll be better able to determine how the businesses you've invested in are performing. Any financial plan you put in plac...

Robert Kiyosaki strongly believes there are four key financial elements that make 90% of people poor: Debt ( Good Debt VS Bad Debt ), Taxes, Inflation, and Retirement. Many laws are written to favor investors, while others are not. And it is extremely important to know and understand these tax laws, because in the end, it can be very expensive if you don't. With the economy in trouble, you can bet that most of the world leaders will be looking to raise taxes to help solve their problems. The question is will you be the one paying them or will you be protected? U.S. Tax Overview The U.S. tax system, like in many other countries, is progressive - meaning people earning more money pay tax at a higher rate than people earning less . Of course, it is not that simple ... the present tax code may have your money passing through more than one tax bracket before your final tax bill is calculated. The rate you pay depends on many factors, not just your income but whether you're married ...

A wise man once said, "The worst reason to buy a stock is because the price is going up," That goes for gold also. Gold hit a record high of $1,226.10 on December 3,2009 and closed out the year at $1,096.35, up 24.8 percent for the year 2009. While a 24.8 percent gain in one year is impressive, it isn't a reason to buy gold- or anything else for that matter. In early 2000, suckers rushed into the NASDAQ as the tech bubble grew, and they were killed once the bubble popped. The same thing happened with real estate in 2007. Suckers always come in late,pay top dollar, and get crushed. The same can happen with gold. The lesson is this: even if you buy real money(gold), you can still lose money. That is why knowledge is the new money. With the right knowledge, you can profit from the peaks and valleys of the markets. The economics are simple supply and demand. If there's a lot of money looking for a return, interest rates will be low. If there are fewer dollars looking fo...

History is essential for seeing and preparing for the future. In 1971, the rules of money were changed, President Nixon took the US dollar off the gold standard. Today we are in a global financial crisis. In the next few years, those playing the old rules of money will lose everything they’ve worked for. Savers will be losers. The good news is this transfer of wealth can make you very rich. Governments have been playing games with money for thousands of years. The Greeks and the Romans tried it as their empires came down. The US government is no different. Having an understanding of financial history, currency manipulation, and how international banks more powerful than governments control the world, will give you financial wisdom that few people have. This wisdom will give you the power to make better-informed financial decisions for your future. The old rules of investing are dangerous. For example, saving money today is the riskiest investment of all. Why save money when governments...

“It was the best of times. It was the worst of times.” – Charles Dickens Is the recession over? Are happy days really here again? Paraphrasing Dickens, my answer is,“For people who are prepared, 2010 will be the best of times. For many, 2010 will be the worst of times.” A mortgage reset is when a mortgage comes due. In September 2008, the mortgage resets hit $35 billion that month. That was the exact time the financial crisis hit. When people could not afford to refinance and began to default, the stock market and banking industry crashed. Since home values have gone down, many homeowners will find they owe more than their home(s) are worth. Will the bank be kind to them? Obviously these are the best of times if you are a buyer of distressed properties and the worst of times if you are a seller. The following recaps the year-end prices of gold and silver: YEAR GOLD SILVER 2000 $ 273 ...

Debt is an amazing tool. It has the power to make you rich and it has the power to ruin you financially. Like any tool, the secret is knowing how to use it properly to get the results you want. Most people don't realize that there are two kinds of debt - good debt and bad debt. Bad debt is anything you buy that doesn't help increase your assets. We call them "doodads." When you find yourself deep in a hole, you need to stop digging. And that means curbing your spending - avoiding the temptation to buy doodads like a robot lawn mower, a car that gets ten miles per gallon, or a second pair of high-end athletic shoes. Admittedly, this requires willpower. Even today as people are realizing that they need to cut back due to difficult economic times, most people still have not been able to learn the old-fashioned virtue of delayed gratification. By cutting back on doodads, you'll increase the percentage of income you keep. It's important not to consider this a temp...

What would it mean to you to begin to get control of your finances and your life? Imagine the positive changes that you and your family would experience if you had more choices about what to do with your time. We all have to start somewhere to achieve what some say is that unattainable dream. Today, with smart planning and the support of like minded people, you can do it! To learn to take control – control of your health, your image and your finances. Financial control comes through financial independence. What exactly is financial independence? For many people financial freedom translates to: “I’m going to work until I’m 65 and then retire.” My definition is simply this….when my monthly cash flow from my assets is equal to or greater than my monthly living expenses, then I am financially independent. The importance of this definition is CONTROL. I buy my assets, manage my assets and control the cash flow these assets create. Rather than letting money control me, I control the assets w...

I wonder how Kiyosaki feel or think when he see this:

Many people seem to think that investing is simply throwing money at some hot deal and hoping to strike it rich. Or just turning it over to a total stranger and hoping that stranger or that company returns your money to you someday. Obviously that is not investing - it is gambling. But worse than gambling, it demonstrates a lack of respect for something most people have given a part of their life, their sweat, blood, and time for. Most people do not like working for abusive and cheap people or abusive and cheap companies. Yet when it comes to the money they invest, many people turn their money over to people and companies that seem to care more about their own self-interest than the investors' interests. Warren Buffett said, "The best way to get rich is to not lose money." One of the best ways to not lose money is to invest a little time making sure the money you invest... your personal employees... are working in a financially intelli...