Rich Dad's Principles

I am a follower of Robert Kiyosaki's (best-selling author of Rich Dad Poor Dad) philosophy when it comes to finances. I will be working from that prospective and you can find out more about that at Rich Dad (www.richdad.com). I have no connection, or receive any compensation from his company nor do I work for it or him. His philosophy have changed my financial life and I wanted to give back to the community as a way of thanking him. I will be blasting one by one his philosophy. This is one way of spreading financial literacy for First World Philippines!


1. The rich don't work for money.
• They work to build/buy their assets so that money will work hard for them instead.
• RK's definition - Assets put money in your pocket. Liabilities take money out.
• Buy your doodads with cash flow from your assets.
• Wealth is measured in time and not in money.
• Depending on a JOB for financial stability in this day and age is risky.

2. Financial literacy is important.
• A financial statement is as important for a person as it is for a business.
• The cash flow pattern in a financial statement of the rich, middle-class, and poor differ and are very recognizable.
• The three piggy banks - "I Invest", "I Save" and "I Give".
• It is not how much money you make but how much money you keep.
• The rich buy assets, the middle-class and poor acquire liabilities.
• The cash flow of an asset and the cash flow of a liability differ.
• A financial statement tells a story.
• Money doesn't solve money problems.
• Your house is not an asset but your mortgage company's asset.

3. Mind your own business.
• One way to acquire assets is to build a business.
• He defines a "business" as one you can walk away from for a year and come back and having it working as well or better.
• A business is a system and leverages other people's time.
• Your profession is different than your business.
• Most of the rich made their money in business or real estate.

4. The History and Power of the Corporation.
• There are tax advantages to incorporate.
• There are legal liability advantages in incorporation.

5. The rich invent money.
• Money is an idea.
• An example: building a company and taking it public.
• Another example: Buying 200 acres, dividing it into 4 parcels and selling 3 to pay for the original 200 acres.

6. Work to learn - don't work for money.
• Pick those jobs where the knowledge you gain can be used in a business you start.
• Most people need only a couple of additional skills to be great.
• Get to know a little about a lot.
• Learning is more important than security.
• For a business sales and leadership are very important.

With these concepts in mind my intention is to create a place where we can work together to create and help each other create a personal financial cashflow statement on the road to financial freedom, that is being secure, comfortable and rich.

Invisible Assets: The Secret to True Wealth

A traditional balance sheet containing income/expenses and assets/liabilities is what we presume determines our wealth. Truth is our invisible assets can provide us with wealth beyond our wildest dreams.

Have you looked at your Invisible assets lately?

Here is a list of some major Invisible assets;
passion, courage, boldness
creativity, imagination, vision, open mindedness
positive attitude, mindset, optimistic, happy
determination, persistence, integrity
sense of humor
selling skills, marketing skills, persuasion
time management skills
willingness to learn

Invisible Liabilities
Laziness, procrastination, fear
bad reputation, dishonesty, anger
bad attitude, close mindedness
perfectionism, pettiness
disorganized
rude

You must keep building and protecting our invisible assets and eliminate your internal liabilities as fast as you can. As you continue accumulating those invisible assets your wealth will automatically increase.

Some very simple daily actions Make All of The Difference :)

There are some very simple daily actions that when applied and followed will make all of the difference between your success and failure.
Below is a list of those actions, take them, think about them and implement them into your life. By doing so you’ll see and experience life changing improvements. Once you do continue using them daily so as to always lead a great life.
1. Read
2. Be positive
3. Surround yourself with successful, positive people
4. Avoid the T.V.
5. Manage your money and your finances
6. Write your thoughts down
7. Reflect on your previous days experiences and learn from them
8. Exercise
9. Eat healthy foods
10. Drink plenty of fresh clean water
11. Focus on what you really want
12. Wake up early
13. Tell someone you love that you love them and that they’re important to you
14. Go to bed early
15. Learn about your passions for 1 hour each day
16. Review your goals and dreams
17. Set new goals
18. Have some fun
19. Be thankful for all that you have
20. Do something nice for another person
21. Give
22. Smile
23. Grow
24. Get out of your comfort zone
25. Be honest with yourself and those around you

By applying the simple actions from the list above life will begin to improve, make the actions a habit and your life will flourish. Rise to new heights as a human being and live a life only for the greats but one that each of us deserves…that also includes you!

Life as a Game

There is not much of a life without money, but life is not all about money. Life is about relationships and who you make a difference. In particular, YOU are the only one responsible for your parents. YOU are also responsible for your children's future. Today, more than ever before, your children need you to guide and support them. You must have freedom of time to achieve balance in life.


One of my favorite quotation is from Brian G. Dyson, CEO of Coca-Cola
"Imagine life as a game in which you’re juggling some five balls in the air. You name them work, family, health, friends & spirit and you’re keeping all of these in the air.
You will soon understand that work is a rubber ball. If you drop it, it will bounce back. But the other four balls — family, health, friends and spirit — are made of glass.
If you drop one of these; they will be irrevocably scuffed, marked, nicked, damaged or even shattered. They will never be the same. You must understand that and strive for balance in your life"

CASHFLOW 101: The Board Game That Will Teach You To Become Financially Free

Can a simple board game teach you the SECRETS of the wealthiest people alive?
Is it possible to change your mindset and attitude towards money, by playing a game?
And can a board game really make you rich?


Most people say that, “Investing is risky”, for main three reasons:
1. They have not been trained to be investors.
2. They have lack of control or are out of control.
3. They invest from the outside rather than the inside.


That’s why Robert Kiyosaki (author of best selling book RICH DAD, POOR DAD) created this educational tool in a board game called CASHFLOW 101, which aims to teach the players concepts of investing by having their money work for them in a risk free setting (play money) while simultaneously increasing their financial literacy and stressing the imperative nature of accountability.


I have played Robert Kiyosaki's Cashflow 3 times. Here's what I liked about it:

* Taught me how to complete a set of personal financial statements - and helped me visualize income, expenses, assets, liabilities for a pretend character.

* Taught me to evaluate, accept or refuse certain investments and expensive doodads that show up in life.

* Taught me to look for ways to increase passive income until it is enough to cover my living expenses.

* Taught me that once I reached financial independence, I can reach for and attain even larger goals.

* Learning Accounting, Marketing and Entrepreneurship is fun.


“If you want to be rich, simply spend your life buying assets. If you want to be poor or middle class, spend your life buying liabilities.” ~Robert T. Kiyosaki ~


This means that it doesn’t matter what you do for a living when you start, but investing properly with the money you have. In simplest terms, ASSETS is the things that put money on your pocket while LIABILITIES takes out money on your pocket.

If you want to learn these things, you’re invited to come and play in our CASHFLOW 101 and 202 FINANCIAL WORKSHOP.

WHEN: October 3, 2009 (Saturday)
TIME: 8:30am-1:00pm
WHERE: Greenbelt 2, Ayala Center, Makati City

There are also a pocket Cashflow 101 and 202 Workshops in Iloilo, Baguio, Pampanga and Cebu.

FEE is P400. If you bring a group of 3 Persons it will be P200 each. This includes LUNCH and MATERIALS.

This is open for public; therefore you can invite your friends with you.

For your immediate reservation, please contact:
COACH FIDEL
0905-2680441
0922-7592871
http://www.ca2020.net/profile/FidelBarro

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Create Abundance Business Community provides programs to spread financial literacy and intensive business training to those who want to get control of their finances.

Before sending message , please include your name, background and intention for attending.

Winning The Inner Game of Wealth

What is your Money Blueprint ?


Have you heard of people who have "blown up" financially? Have you noticed how some people have a lot of money and then lose it, or have excellent opportunities start well but then go sour on them?

It is because their financial Money Blueprint is not set to the same level of the richest and wealthy people.

Learn to Discover Your Core Beliefs and Change Them...

Wealth Course: “Discovering and Reprogramming your Personal Wealth Operating System and Money Blueprints”

This course consists of three Modules and each probing deep to realize and improve the mindset governing money and wealth and empowered you to attain the Millionaire Mindset.

One module per session.
Module 1. Awareness - Uncovering Money Operating Systems ™
Module 2. Understanding - Source of Limiting Wealth Beliefs and Empowering Wealth Beliefs ™
Module 3. Reconditioning - Reprogramming Money Operating Systems ™


WHEN: Mondays and Tuesdays, Wednesdays and Thursdays
TIME: 3:00-6:00 pm and 6:00-9:00 pm
WHERE: Shangrila, Ortigas

WHEN: Wednesdays and Thursdays
TIME: 3:00-6:00 pm and 6:00-9:00 pm
WHERE: Pearl Plaza, Makati

We already have in Cebu, Baguio City, Pampanga and Iloilo***

***For Provinces : for appointment basis only.

FREE Registration
LIMITED SEATS ONLY!!!

You can invite your friends to be with you on the event. For questions and reservations, feel free to contact:

Fidel Barro Jr.
+63 916 268.0441
+63 922 749.2871

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Create Abundance Business Community mission is to spread financial education throughout the nation and the world.