May 24

Please don’t be offended if you find yourself running after the cheese because I know  a very small percentage of you who actually enjoy the race but if you don’t I would recommend you stop what you are doing, click on the play and watch the video.

Thank you for watching  and stay tuned for more!

Need a place to start? Click here to learn how to build assets.

Just because you watched the whole video there is a free gift waiting for you

*Click HERE and it’s a hidden download (here is a hint – think exit….)

Pedro Marques
PHC-BR International
Skype: chagas-es

Click here to work with me personally.

Check our website: http://www.phcbrinternational.com
Watch our bloghttp://meetpb.com/growyourbusiness/
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Dec 08

Investing from the right side of the CASHFLOW Quadrant

When I was a young boy in elementary school, my rich dad was already placing ideas in my head about the differences between the rich, the poor, and the middle class.

“If you want job security, follow your dad’s advice,” he said. “If you want to be rich, you need to follow my advice.”

Rich dad then went on to show me the difference between his investment plan and my dad’s investment plan.

“My business buys assets with pre-tax dollars,” said rich dad as he drew the following diagram.

“Your dad tries to buy assets with after-tax dollars. His financial statement looks like this,” said rich dad.

To sum it up nicely, rich dad combined the two diagrams to highlight the difference between my dad and him.

Playing by different rules

The point that rich dad was making was that even though we live in a free country, not everybody plays by the same rules. The rich have laws of their own that allow them to become richer.

Rich dad went on to teach me that because my dad was an employee, he had to pay his taxes first and then invest. That meant that up to 50 percent or more of his income would be spoken for before he could even begin investing.

As a business owner, rich dad was able to buy assets through his business and then pay taxes on what income was left over. He bought his assets first and paid his taxes later.

“I pay my taxes on net income,” he said. “Your dad pays taxes on his gross income, and then tries to buy assets. Because of that, it is very, very hard for him to achieve any kind of wealth.”

If we were to map this to the CASHFLOW Quadrant, rich dad’s points would look like this:

How my poor dad invested

How my rich dad invested

“Always remember,” said rich dad, “that the rules are different for the different quadrants. Make your decisions about your future wisely. Decide which rules you want to play by.”

Can you do this too?

I try to pass on the bits of wisdom I learned from my rich dad. Today, as my rich dad taught me, I invest through my businesses, and I teach others to do the same.

When I speak on this, invariably people raise their hands and say things like:

  • “But I’m an employee, and I don’t own a business.”
  • “Not everyone can own a business.”
  • “Starting a business is risky.”
  • “I don’t have the money to start a business, let alone invest.”

To these types of statements, I remind people that less than 100 years ago, approximately 85 percent of people in the US did own their own businesses as either independent farmers or small shopkeepers. Only a small percentage of the population was employee-based. I know my grandparents were small business owners.

Today, in just a couple generations, it seems that the Industrial Age—with its promise of high-paying jobs, job security, and pension benefits—has bred the independence out of us.

What do you want to do?

Chances are that you have the potential to be a great business owner if you have the desire to develop the skills necessary. Our ancestors developed and depended on their entrepreneurial skills, and so can you.

If you don’t have a business today, the question is: Do you want to go through the process of learning how to build a business?

You are the only one who can answer that question. That being said, it’s always nice to have a guide along the way. That is why we created Rich Dad Coaching, so you could enjoy the benefits of your very own rich dad, just like I did.

I may have made my own decisions, but rich dad was there to help me process them—and follow through on them—every step of the way. I couldn’t have done it without him, and chances are you can’t do it on your own either.

So, make your decision today, and get the help you need to succeed.

Thank you for reading and stay tuned for more!

Need a place to start? Click here and learn how to build assets.

Just because you read the whole article there is a free gift waiting for you

*Click HERE and it’s a hidden download (here is a hint – think exit….)

Pedro Marques
PHC-BR International
Skype: chagas-es

Click here to work with me personally.

Check our website: http://www.phcbrinternational.com
Watch our bloghttp://www.businessexpertsonline.net
Like our page: https://www.facebook.com/PHC.BR.International
Follow us: https://twitter.com/PHC_BR

Contributor: Robert Kiyosaki.

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Sep 06

Harnessing the power of OPM

When you’re first starting out as an investor, one of the hardest things to do is figure out where you’re going to get the money to invest!

Unfortunately, many people end up quitting before they even start, throwing their hands up in the air and saying, “I can’t afford it!”

But as rich dad taught Robert, “Whenever you say the words, ‘I can’t afford it,’ your mind automatically shuts down. Instead, ask, ‘How can I afford it?’”

What’s OPM?

A lot of times, the reason why people get discouraged is because they think they have to use their own money to invest. Nothing could be farther from the truth!

In fact, using your own money to invest is sometimes a sign of low financial intelligence. One of the terms we use a lot is OPM (Other People’s Money). That’s what you want to be investing with.

Seem too good to be true? It’s not. There are countless people with money ready to invest, just waiting to find a good deal to do so. Your job? To bring them that deal.

How to find money

Most people’s first stop for a loan or additional funds is at a traditional bank. When the bank turns them down, they feel discouraged. But it’s important to realize that banks often don’t loan money for the types of properties or businesses that many investors pursue.

So, it’s important to find alternative sources of equity and financing. The following are a few suggestions to find OPM:

1. Family and friends

You can approach family or friends to invest with you. This is often people’s first avenue to get funding outside of traditional banks. You put up the time and effort, and they put up the money.

If you do this, however, two words of caution:

A. Treat them like investors, not people who love you and want to help you out. Be professional, use agreements, and do your best to give a stellar return.

B. Because there are so many emotions involved with family and friends, I don’t always recommend this route. A strong relationship is not worth risking over an investment that may not perform.

2. Seller financing

As with a rental property, the seller acts as the bank. You have a loan agreement with the seller that specifies the amount of the loan, the interest rate you will pay the seller, and the length or term of the loan.

3. Finance out of cash flow

For example, you buy a business and you have an agreement with the seller, lender, or investor to pay them back through the cash flow that the business generates.

4. Lender financing

There are many types of lenders available. This is where a mortgage or business broker can be a valuable member of your team. The brokers know what lenders lend for which investments. And best of all, the lender pays the fees of the broker, not you!

5. Assumable loans

In real estate, a property may have a loan attached to the property, which means you can “assume” the existing loan with little qualifying effort on your part. You must also assume the existing terms of the loan, which includes the interest rate, the term of the loan, and any other specifics.

6. Other investors

There are many people with money but no interest, time, or expertise in finding and managing certain investments. If you can prove that your investments will give the investor a good return and your team is set up, they may be willing to invest with you.

There’s always money

The point is that you should never say, “I can’t afford it.” There is always money to be had. As the old saying goes, “Where there’s a will, there’s a way!”

If you enjoyed this post please comment and share if you want more content like this.

Pedro Marques
PHC-BR International
Skype: chagas-es

Click here to work with me personally.

Check our website: http://www.phcbrinternational.com
Watch our bloghttp://www.businessexpertsonline.net
Like our page: https://www.facebook.com/PHC.BR.International
Follow us: https://twitter.com/PHC_BR

source: http://www.richdad.com/

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Jul 14

Do you know what is a balance sheet?
Do you know what is an income statement?
Do you know what is a cash flow statement?
Good.

Now you are becoming aware of more opportunities and eventually you will improve the quality of your life!
Thanks for watching this video and stay tune for more.

If you enjoyed this post please comment and share if you want more content like this.

Pedro Marques
PHC-BR International
Skype: chagas-es

Click here to work with me personally.

Check our website: http://www.phcbrinternational.com
Watch our blog: http://www.businessexpertsonline.net
Like our page: https://www.facebook.com/PHC.BR.International
Follow us: https://twitter.com/PHC_BR

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"If something is going to affect your life, it's best to know as much as you can about it." - Donald J. Trump
 

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