Robert Kiyosaki – Financial Advice

The following is a list of top tips provided by Robert Kiyosaki through all his works and other media:

1 – Make the money work for you

Do not work for money, you make the money work for you, the way to do this is by creating or acquiring assets that will generate cash flow.

Examples of assets that generate cash flow are the businesses that you create or purchase, a rental real estate, paper assets such as stocks or bonds, etc.

2 – Invest in financial literacy

Before investing in assets that generate cash flow, invest in improving your financial education.

Always keep studying, training, reading books, taking courses, attending seminars, researching on the Internet, etc.

Always seeking to increase your financial vocabulary and improve your financial intelligence that enables you to identify, analyze and exploit the opportunities.

3 – Beware of the words

Words have power, you must be careful with statements you make because they could become your reality.

For example, if you say “I can not afford it”, you give the order to your mind to stop working and, yes, you can never afford, but if instead you say “how I can get it”, then your mind will work, and endeavor to find the solution, for example, a way to earn more money.

4 – pay yourself first

Every time you earn income, before you pay your debt, reserve a percentage of that income, then invest in assets that generate cash flows.

Have the discipline to repay yourself first, even if your income is low and your debts are high.

This enables you to invest the money saved in assets that will generate cash flow and the pressure to pay off your debts will motivate you to go out and invent ways to earn more money while improving your financial skills.

5 – Encourage to make money

To make money you must have passion, you should like what you do, you must have fun, love what you do and feel full.

And one way to achieve this is motivating you yourself thinking of reasons why you want to have a lot of money and get ahead, your reasons may be, for example, can retire young and not having to work a lifetime, unless a employee to travel around the world, control your time and your life.

6 – It has a good team

Surround yourself and hire right people who know more than you in their areas, and which together are complementary and can form a good team.

One must learn to identify the right people, not only for its appearance but by their words.

You must identify and recruit these people, and then how to work with, manage, lead and inspire.

7 – Learn to manage risk

Investing is not risky if you first invest in your financial education.

Your financial education enables you to detect, analyze and make better investment opportunities.

Learn to take risks, but before you invest, be careful, get the facts, assess the situation well, and make sure the risk is minimized.

8 – Do not be afraid to make mistakes

Do not be afraid to take risks and make mistakes, it is in the mistakes and failures where one learns more.

You know how to win, even at perder.Cuando make mistakes or fail, be persistent and keep trying, keep in mind that mistakes is part of the process of success, you can not have success without failure.

9 – Baby steps Scrolls patient both at the time of choosing your investments, as at the time of your business.

To succeed you have to go slowly with baby steps.

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