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