| A lot of Americans aren't going to have | | | | bit to learn when one is thinking about |
| enough money to retire on. That is just | | | | buying investment property - things like |
| a un happy reality of these times. | | | | comprehending P&L statements and real |
| Instead of bemoaning that reality (and | | | | estate law. The biggest concept to |
| the unfairness of it all) the best thing | | | | learn, however, is one's own |
| someone who hopes to have a healthy | | | | limitations. The individual who |
| retirement can do is simply make sure | | | | understands where to find the knowledge |
| they aren't the typical American. We | | | | he wants is far better off than the |
| must take actions to assure they will | | | | individual who remembers tons of facts |
| have enough income to enjoy their life | | | | and formulas around in her memory. |
| and pay their bills, as well as those | | | | In the book "Cash Flow Quadrant," Robert |
| increasing medical bills. | | | | Kiyosaki advises potential investors to |
| The best way to avoid becoming one of | | | | increase their cashflow in addition to |
| these Americans who end up working at | | | | their knowledge. He writes of developing |
| some remedial job through their | | | | a business system that can be set up and |
| so-called Golden Years, according to | | | | left alone, freeing the investor to move |
| Robert Kiyosoki, author of the "Rich Dad | | | | to the next step instead of investing |
| Poor Dad" book series, is to buy | | | | all her time working in her business. |
| investment property. | | | | The next step involves continuing the |
| Investing in real estate is a wonderful | | | | real estate education and start to look |
| way for people to prepare for retirement | | | | around for specialists to employ and |
| because it supplies a great benefit | | | | investment properties to buy. |
| called "passive income". After someone | | | | Robert Kiyosaki also talks about this |
| has laid the ground work, passive income | | | | change as transitioning from one part of |
| keeps coming in without a lot of effort. | | | | the cash-flow-quadrant to the next. He |
| A laborer gets compensated only for the | | | | emphasizes that, the 1st step someone |
| hours he puts in. A real estate | | | | needs to take toward transforming her |
| investor, after setting up his system, | | | | life is altering the thinking process. |
| gets paid for keeping it running. And | | | | If someone adjusts the way he/she |
| keeping it running, if he been wise | | | | processes the thought of money, then he |
| about it, will involve paying his team | | | | she will wind up in a better position to |
| to do the job of inspecting them every | | | | change his relationship with it. |
| now and then. | | | | The way someone thinks determines the |
| A great thing about passive income (such | | | | actions they take throughout the day, |
| as from investments) is, the more time | | | | and those actions determine their |
| the real estate investor holds them, the | | | | success. The primary benefit of reading |
| more ROI they should make for her, with | | | | books like Robert Kiyosaki's "Rich Dad, |
| less and less work on the investor's | | | | Poor Dad" series - brings you closer to |
| part. It's the closest thing to the | | | | new ways of thinking about stuff. When |
| "Holy Grail" of the world of money. | | | | investors see how easy it is to develop |
| It sounds attractive, but we shouldn't | | | | new skills and acquire better knowledge, |
| just take the plunge. And even though it | | | | they are virtually unstoppable. |
| is completely learnable, there's quite a | | | | |