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Sunday, August 7, 2011

A Couple Words From Robert Kiyosaki To Those Who Want To Become Rich

My rich dad suggested I learn to sell, invest in real estate, and learn technical analysis to become rich.


If you want to be rich, don't allow yourself the luxury of excuses.


Does your home environment support you becoming rich? If the answer is no, then find new environments.


One of the big mistakes uneducated investors make is they invest the way they gamble.


One of the primary reasons why people struggle financially is because they cannot control the emotion of fear.

Saturday, August 6, 2011

Success Without Ambition Is Impossible

Look at any successful person and the commonality amongst them all is that they all possessed an insane amount of ambition. The definition of ambition is "a strong desire to do or to achieve something, typically requiring determination and hard work."


Write the above definition down somewhere and memorize it and get your ambition on. Success without ambition is impossible. 

Thursday, August 4, 2011

A Few Words On Fear From Mike Tyson

"Fear is your best friend or your worst enemy. It's like fire. If you can control it, it can cook for you; it can heat your house. If you can't control it, it will burn everything around you and destroy you. If you can control your fear, it makes you more alert, like a deer coming across the lawn."

Tuesday, August 2, 2011

How To Overcome Any Obstacle: Act Like Water

The road to success is filled with many problems, obstacles, and plenty of sacrifices that need to be made in order to become successful. The road is rough and at times you will encounter problems that will leave you feeling frustrated and on the verge of giving up. That is just the cold reality of things. However, in order to get around these obstacles that you are going to encounter than you need to start acting as if you are water. Water can get around or over any object and that is how you need to be. Rise above the current obstacle or go around it and continue on your road to success! 

Monday, August 1, 2011

How To Manage Your Money So You Can Become Financially Free



If you want to become financially independent than it is vital that you become a great money manager. The simple reality of things is rich people manage their money well and poor people mismanage their money well. 


I cant stress enough how important it is that you become an excellent money manager. So I'm going to propose to you today what I learned from T. Harv Eker. What he states is you should open  6 separate accounts. The first one you should open is your financial freedom account. "Open a separate bank account designated your financial freedom account. Put 10 percent of every dollar you receive (after taxes) into this fund. This money is only to be used for investments and buying or creating passive-income streams. The job of this account is to build a golden goose that lays golden eggs called passive income. And when do you get to spend this money? Never! It is never spent- only invested. Eventually, when you retire, you get to spend the income from the fund (the eggs), but never the principle itself. In this way, it always keeps growing and you can never go broke."


The other five account he recommended you should open are as follows:


10 percent into your play account: You get to spend this money however you choose. He states that the reason people don't become good money managers is they never get to spend and all they do is save and invest and in time that takes a strain on them so they just break the habit and begin to spend away. Therefore, he recommends you open up a play account and invest 10% of you income from whatever income sources you have into this account. 


10 percent into your long-term savings for spending account.


10 percent into your education account. This account is to be used to purchase books, audio programs, DVD sets which you can utilize to better yourself.


50 percent into your necessities account.


10 percent into your give account.


The next time you get paid, invest the recommended percentage into the above accounts and you will be on your way to financial freedom!