| A lot of Americans are not going to have enough | | | | quite a bit to study when you are considering |
| money to retire. These days, it's a sad fact. | | | | buying investment property - things like |
| Instead of complaining about that reality (and the | | | | understanding economics and the laws related to |
| unfairness of it all) the best action someone who | | | | real estate. The most important thing to |
| wants to retire can do is just make sure that | | | | understand, however, is one's own limitations. The |
| they are not the typical US Citizen. They need to | | | | person who knows where to locate the |
| take steps to make sure that they will have the | | | | knowledge she wants is much better off than the |
| income to enjoy their life and be able to pay their | | | | person who carries tons of facts and formulas |
| bills, as well as those ever-increasing medical fees. | | | | around in his head. |
| The most effective way to get around becoming | | | | In his book "Cash Flow Quadrant," Kiyosaki |
| one of those Americans who wind up bagging | | | | advises potential real estate investors to raise |
| groceries in their Golden Years, based on the | | | | their income as well as their understanding. Mr. |
| opinion of Robert Kiyosoki, author of the "Rich | | | | Kiyosaki teaches about creating a system that |
| Dad Poor Dad" book series, is to invest in real | | | | can be set up and left alone, freeing the investor |
| estate. | | | | to move on to the next step instead of spending |
| Investing in real estate is a wonderful way for | | | | all his time working in his business. The next step |
| people to prepare for our retirement because it | | | | is to continue that investor's education and begin |
| provides something called "passive income". After | | | | looking around for experts to employ and |
| someone has done the preliminary work, passive | | | | properties to acquire. |
| income keeps coming in without a lot of effort. A | | | | Robert Kiyosaki also talks about this change as |
| laborer gets compensated only for the time he | | | | moving from one area in the cash-flow-quadrant |
| puts in. A real estate investor, after creating his | | | | to another. He announces that, the 1st step |
| her system, makes money for keeping it running. | | | | someone has to take toward changing his life is |
| And keeping it operational, if he been smart about | | | | altering the thinking process. If someone adjusts |
| it, involves compensating her employees to do | | | | the way he/she processes the thought of |
| the job of checking in on them every now and | | | | money, then she will wind up in a much better |
| then. | | | | position to change his interaction with it. |
| The wonderful thing about making passive income | | | | How people think determines the actions they |
| (such as from investments) is, the longer the real | | | | take throughout the day, and those actions |
| estate investor keeps them, the more money | | | | determine their success. The main value of |
| they should make for him, with less and less | | | | studying books like Kiyosaki's "Rich Dad, Poor |
| effort on the investor's part. It's the closest thing | | | | Dad" series - is the exposure to a new paradigm |
| to the "Holy Grail" of the financial world. | | | | about stuff. When investors see how easily it can |
| It might sound appealing, but we shouldn't just | | | | be to develop new skills and acquire better |
| dive in. Although this is all very learnable, there's | | | | knowledge, they are virtually impossible to stop. |