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