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