If you’re looking to take your wealth to the next level Robert Kiyosaki is a great person to get some new ideas from.
Why? Because, he’s reportedly amassed over 1,000 properties…sold millions of books…built many multi-million dollar businesses…and he’s got a lot of wisdom to share.
Here’s 7 of his best tips for you to learn from and earn from.
TIP #1 – ALLOCATE YOUR MONEY THE RIGHT WAY
Don’t be ‘looking good, going nowhere’ – spending all your money on ‘doodads’. (lifestyle accessories etc)
Invest in appreciating, cashflow producing assets first – lifestyle luxuries second.
TIP #2 – DISTINGUISH GOOD DEBT FROM THE BAD DEBT
Kiyosaki isn’t against debt. He’s just against useless debt. Maxing the credit card at the mall for example.
Yet, good debt can make you richer, if you have a well-developed risk-minimization strategy, and you know what you’re doing.
This is why you shouldn’t be afraid of taking on debt for the capital to grow or improve your business, or invest in real estate.
However due diligence, research and the right advice is critical, before you take this step.
TIP #3 – MASTER INCOME PRODUCING SKILLS
Kiyosaki’s Rich Dad told him he should master sales, because nearly all rich people are good at selling.
So Kiyosaki got a job at Xerox, because they offered great sales training.
He also decided to help a charity ask for donations through cold calls.
It was challenging!
However, he took those experiences and learned from them.
What income producing skills could you get better at today?
TIP #4 – BUILD YOUR ‘A-TEAM’.
Many successful people will tell you that the whole ‘lone wolf’ thing that some entrepreneurs are pushing is just wrong.
Although it’s true that there are many things that you’ll have to do by yourself, having a team can make everything easier. The reason for this is simple.
Different people have their own ‘unique genius’ and you can tap into their unique skills to help grow your vision.
TIP #5 – HAVE AN EMERGENCY FUND
No matter how good you might be at planning, something unexpected can always come up.
This is where having an emergency fund can make all the difference. It’s great to have 6 months’ worth of living expenses tucked away.
TIP #6 – NEVER STOP LEARNING
“If you’re not green and growing you’re ripe and rotting’.
As soon as you stop learning, you stop progressing. And everyone knows what happens to a business when it stops progressing.
For this reason, make sure to expand your knowledge every chance you get.
Think of this; a book can give you 10 years of someone’s life experience in 2 hours of reading!
It’s like a multi-vitamin for the brain!
TIP #7 – GENERATE MULTI-STREAMS OF PASSIVE INCOME
You also need to find a smart way of earning a more passive form of income – so you can be generating money while you sleep.
That’s why on today’s brand new Web-Class I show you how to build wealth with a strategy I call investing in ‘Digital Assets’
This strategy doesn’t take a lot of money to get started – but it can be a great way to generate virtually passive ‘Royalty’ income when you get it right.
Hope you can join me,
Free 90 Minute Webcast Reveals
How to Make a Healthy Income Selling Products on Amazon - Even if you Have No Idea What to Sell Yet
Without ever storing a single product – or even going to the post-office