Mar 21

I met Matt Theriault a couple months back. Matt approached me to do an interview for his podcast. I had to agree when he explained how my book Rich Dad Poor Dad had changed his life. Matt told me how he’d purchased single-family homes for cash flow and how great it was working out. It wasn’t until I did the interview that I learned he had over 250 homes plus his company owned another 450!

Matt started a whole company helping people cash flow single-family homes. For that reason, I have asked Matt to share some of the principles he uses for cash flowing single-family homes.

How to Pick the Right Cash Flow Market – Matt Theriault

Making the decision to get started in real estate investing is typically the easy part. It’s a no brainer. With all the data available, it’s pretty clear that real estate presents one of the last, if not the final, frontiers where the average person has a legitimate shot at not only creating financial independence, but real wealth. Real estate has created more wealth for more people than any other single industry or investment vehicle. So, if you want to be financially independent and eventually wealthy, real estate presents the greatest opportunity; And that’s what I mean when I say “Making the decision” to get started is the easy part. The “what” and “where” are other stories in and of themselves.

In What to Invest?

The time-honored logic that you must walk before you run, and you must crawl before you walk is as sound in real estate investing as it is in anything else in life. To get started you must crawl, and in real estate that translates to single-family homes. The ideal single-family home consists of three bedrooms, two bathrooms in a working class neighborhood that sits right at, or just below, the median price point for the area. The reason being that this is where most tenant and buyer demand exists. Should you hit a speed bump or two in the beginning of your investing career, these are typically the easiest types of investments to put back on course, or get out of entirely and start over. Basically, the risk from the majority of angles is probably lowest with this type of property than any other.

Learn more about investing in cash flowing single-family homes

Where to Invest?

Location, location, location is the #1 rule of real estate. However, it’s meaning is often misunderstood or overlooked. What you need to know about this rule is that identical houses can have very different values based on their location. Obviously, you want the house that has the better location, but how do you know which location is best for cash flow? The best location is the one with the greatest rental demand. Although not an exact science, rental demand is typically connected to the local economy’s stability. Key indicators of a stable economy can be a diverse employer profile, developing commerce and a stable or growing population.

What location, location, location is to your property’s value; Management, management, management is to your property’s performance. At Cash Flow Savvy, we investigate the basics of every market to confirm our future investments’ value, but we don’t make an actual investment until trusted and proven property management is in place to confirm our future investments’ performance. We will choose a lesser market with good property management every time over a superior market without property management. When choosing an area for your cash flow focus, check the economy for value and confirm property management for performance.

Now that you’ve made the decision to become a cash flow investor, and you now know in what and where to make your investments, what’s next? Go find a deal!

I hope you learned something from Matt. Matt agreed to make some videos for the Rich Dad community too. Click here and Matt will explain further how to pick the best market. He’ll also answer:

  • Where do I find information on an area’s economy?
  • When I find a good economy, how do I know which neighborhoods are the best?
    • How do I find a good property manager?
    • Can’t I just manage the property myself?

Matt will write a couple more blogs for us and create more videos as well. It’s the power of giving back. In the next blog and video Matt will teach you how his company consistently finds deeply discounted properties for their clients and how you can too.

Contributor: Robert Kiyosaki

www.richdad.com

Share
Feb 08

Gaining real world leadership experience through volunteering

One of the reasons I attended a federal military academy as a young man, rather than a normal university, was that I knew I needed to develop leadership skills if I wanted to become an entrepreneur. After graduation, I went into the U.S. Marine Corps and became a pilot to test my skills in the real world.

I still remember the commanding officer of my Vietnam squadron saying, “Gentlemen, your most important job is to ask your troops to risk their lives for you, your team, and your country.” He went on to say, “If you don’t inspire them to do that, they will probably shoot you in the back. Troops don’t follow a leader who does not lead.”

The same thing goes on in businesses every day. Most businesses fail because they have weak leadership, not because of outside factors.

Say, “I’ll do that.”

One of the most valuable lessons rich dad taught me about leadership was, “A leader’s job is to bring out the best in people, not be the best person. If you are the smartest person on your business team, your business is in trouble.”

Naturally, I get many questions from people on how to be a better leader. I always have the same advice: Volunteer more.

In most organizations, it is hard to find people who actually want to lead. Most people are just fine being told what to do.

I tell people, “At your church, volunteer to take on projects. At work, volunteer to lead projects. In your community, volunteer to coach sports teams.” By doing this, you can gain valuable leadership experience—and make a lot of friends who can help you out down the road, both in business and in life.

The secret of a true leader

Through volunteering, you can get feedback on your real-life leadership skills. If you volunteer to lead and no one follows, you have some real-life learning and correcting to do! You’ll need to ask for some feedback and act on it.

A true leader knows when to listen to others. I have said before that I am not a good businessman or investor. I am average. I rely on the advice of my advisors and team members to help me be a better leader.

And the secret is, that’s one of the greatest traits of a leader—to ask, genuinely, how they can be better. As my squadron commander used to say, “True leaders are not born leaders. True leaders want to be leaders and are willing to be trained.”

Improve your leadership skills by learning from other like-minded individuals in our free, online community.

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

 

Share
Jan 20

 

Why the curious always win in investing and life

My friend Karen is a successful real estate investor. A friend of mine was surprised when Karen asked her if she wanted to attend a two-day real estate seminar offered by a private company.

“Why are you taking a real estate class?” my friend asked. “That’s what you do every day, and you’re so successful at it already. What can they teach you?”

Karen’s response was worth its weight in gold. “That may be why I do better than the average real estate investor. I’m always looking for that edge. There is so much information. I never stop learning.”

Unfortunately, my friend didn’t join Karen. Though she is a real estate investor too, she is not doing well. She hasn’t bought or sold a property in the last three years because her formula isn’t working any more. She isn’t willing to look for new answers. Her decision to stop learning has translated into a lack of success.

I have another friend named Frank. He’s in his eighties, but I think he’ll live forever because he never stops learning. Each day, I get articles from Frank in my email inbox. These are articles related to the world economy and investing.

Frank is very active and eclectic. One week he’s in China reviewing the gold mine he took public. The next week he’s in Vancouver, B.C. taking an art class. We frequently see him at Rich Dad seminars, as well.

Though he’s older, Frank uses the latest and greatest technology to make his businesses run more efficiently. He just never stops learning…and I’m fortunate to keep learning from him.

People like Karen and Frank are successful for a reason. They’re willing to put in the effort required to always keep learning. They understand that financial success is not a sprint but instead a marathon. They get out there and put their feet to the pavement day in and day out. They stay humble. And they have an insatiable curiosity.

If you want to be successful in life, you could learn a few things from them. Because when it comes to investing, there are three methods to choose from:

1. Keep up with change.

2. Keep ahead of change.

3. Get passed up by change.

Why? Because in the financial markets, nothing stays the same. The rules are always changing. To be a winning investor, you’ve got to change as the markets change. And that means always learning.

In order to keep growing personally and to grow your income there is no substitute for this maxim:                                             Always keep learning

Share
Jan 08

The power in changing yourself, not just your habits

It’s a new year, and all around us people are making resolutions. More than likely, you’ve made some yourself. According to Time, the most common resolutions revolve around three things:

  • Health
  • Money
  • Experiences

These are also the most commonly broken resolutions. That’s not a coincidence.

For most people, New Year’s resolutions focus on things to be done, external things we want to start or quit. Rarely, however, do they involve changing or transforming our fundamental personal traits.

And this is a shame, because it is our personal traits that most often lead to our actions, both wanted and unwanted.

For instance, if I have a problem with overeating, I must not simply make a promise to eat better—I must fix what it is about me that leads to overeating. I must develop new personal traits that will allow me to be successful in what I set out to do. Without doing that, I won’t have the stamina and strength to accomplish my exterior resolution.

Rich dad understood this. To him, there were five personal traits that were required to be successful in life and in business. They are:

  1. VisionThe ability to see a better future. With any goal, you must be able to understand why you are going where you are going. It is not enough to say you want to quit smoking. You must understand the reason why, such as being around for your kids in old age.
  2. CourageThe ability to act despite tremendous doubt. Anytime you change something or start something new, it can be scary. We all love the comfort and the security of the familiar. But it is only the courageous who can blaze new trails and make a positive impact on the world around them.
  3. CreativityThe ability to think outside the box. As the old adage goes, “The definition of insanity is doing the same thing over and over again and expecting different results.” On this journey of life, as we seek to achieve our goals, we will often make mistakes. The question is, “What will you learn from them?” The most successful people on the planet are able to embrace the lessons from mistakes and use them to find new and unexplored ways of moving forward. That is the essence of creativity.
  4. FortitudeThe ability to withstand criticism. There is not one successful person who has not been criticized. No matter what you set out to do in life, you will meet opposition. Sometimes this criticism comes from other people—and sometimes it comes from that little voice in our head! Either way, you must be able to push forward even when all else is telling you that you’ll fail. And when you do fail, you’ll be able to get up and get moving again. After all, “It’s not how many times you fall, it’s how many times you get up.”
  5. PatienceThe ability to delay gratification. It can be very difficult to learn to deny short-term, immediate self-gratification in favor of long-term reward. If you want to be healthy, you have to stop eating comfort foods. If you want to travel, you have to save for the trip. If you want to get rich, you have to work hard at building your financial intelligence and investments over time. There is no quick way. There are no short cuts. At least, not any that last. Achieving success in anything takes tremendous patience.

Don’t wait any longer! Begin changing yourself today.

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

Share
Oct 27

“The biggest thief of all is hope.”
—Rich dad

Robert Kiyosaki  often say ‘hope’ is a four-letter word. I say this because so often people hope and pray, but do not take action. People often mistake hoping as a form of action.

Rich dad used to say, “People who cannot find an investment today gamble on the promise of tomorrow. They count on hope rather than intelligence. They have dreams, so they buy lies.” This is a big problem with hope. Hoping can often turn people into victims.

While I do not like the word ‘hope’, I do think you need to be positive. How can you dream without focusing on a positive mindset? How can you be an entrepreneur and overcome all the obstacles that come with it, without the strength that comes from your dreams and passion?

In last week’s blog Matt Clark talked about not being perfect. This week our featured entrepreneur guest speaks about being positive and using the spark of optimism to your advantage:

There are times when you get an idea in your head and it really motivates you. It could occur as you watch a movie about a subject that you really relate to, or hear a motivating story, or maybe something just happens in your life, something as simple as your child saying something to you. Any of those ordinary kinds of things may light this spark of optimism so bright that you’re not thinking about what couldn’t work. You’re not thinking that this may not happen, or this may not be the best idea, or any of that kind of negative thinking.

All you’re thinking about is the goal. You’re wondering, dreaming about what your life would be like if you achieved that goal. Because you’re thinking about yourself in that setting, it makes you very optimistic for what may be an extremely short period of time, maybe only a couple of minutes. When anything uplifting happens in your life, you’re going to use that spark of optimism to your advantage.

Almost everybody, myself included, finds that the sparks of optimism are great, but they’re fleeting. You have an optimistic thought, but then you start thinking, oh, that’s not very realistic. The negative thoughts start to flood in. You think of all the bad things that could happen. You think this might not work out as I planned. You even think, who am I to do this? Those kinds of doubts are your fears manifesting themselves in your head based other people’s experiences or even your own past failures.

So before all that negativity sets in, use your spark of optimism to your advantage and take some action that you can’t retreat from. When you’re feeling optimistic and you want to lose weight, then call up a friend who’s in good shape and plan to do a 5K run with her in a couple of months. This works especially well if it’s somebody that you really don’t want to let down, or somebody that you can’t let down, and don’t want to give any excuses to. Now you’ve committed to somebody that you can’t turn back on.

All of a sudden, you’ve committed to something that you wouldn’t normally commit to. Usually you’d sit there and deliberate, think about it, and think about all the bad things, all the doubts, fears, and all that kind of mental garbage. Now you’re committing to something that you cannot turn back on. You have no choice but to follow through with it. Even if you start thinking of the doubts and fears, you don’t have a choice now because you really don’t want to let down your friend.

When you have that spark of optimism, don’t let it go to waste. When you’re feeling good, use that to your advantage. Commit to something to somebody you can’t turn back on.

What Matt is saying is very important. Use your hope and optimism to generate ACTION. That action is to find someone to hold you accountable. Entrepreneurism is all about action, achieving goals and realizing your dreams.

Entrepreneurism is the fastest way to build wealth. Rich dad would say that you build wealth through business; you keep wealth through real estate. So dream and hope and embrace that spark of optimism. Let it propel you into action and financial freedom.

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

Share
Sep 23
In Robert Kiyosaki  book, Increase Your Financial IQ,  He wrote about the four economic ages of humanity.

THEY ARE:

The Hunter-Gatherer Age:

In the Hunter-Gatherer Age, humans relied on nature to provide wealth. They were nomadic and went where the hunting was good and the vegetation plentiful. You had to know how to hunt and to gather—or you died. For the hunter-gatherer, the tribe was social security. Socio-economically, everyone was even. They were all poor.

The Agrarian Age:

The Agrarian Age saw the rise of classes between people. Due to the development of technology to plant and cultivate the land, those who owned the land became royalty, and those who worked it became peasants. The royals rode horses while the peasants walked. Socio-economically there were two groups, the rich and the poor.

The Industrial Age:

While many people would place the beginning of the Industrial Age in the 1800s with the rise of factories, I actually think of it as beginning in 1492 with Columbus. When Columbus struck out to find the New World, it was to find new sources of valuable resources such as oil, copper, tin, and rubber. During this time the value of real estate shifted from growing crops to providing resources. This led to the land becoming even more valuable. And three classes emerged: the rich, the middle-class, and the poor.

The Information Age:

Today, we are in the Information Age, where information leveraged by technology and inexpensive resources like silicon produce wealth. This means that the price of getting wealthy has gone down. For the first time in history, wealth is available to just about everyone. There are now four groups of people: the poor, the middle-class, the rich, and the super rich.

Today, there are many ways to get rich in the Information Age, and many people are. But the real question is how do you get super rich?

This morning I read about Jack Dorsey, the co-founder of the payment processing company, Square, in Fast Company. (http://m.fastcompany.com/3033412/back-to-square-one)

The article is a fascinating read and shows the collision between old, industrial age ways of thinking and new, Information Age ways of thinking.

It’s also a playbook for getting super rich in the Information Age.

Moving from transactions to transformation

Just a few years ago, Square was considered the darling of the Silicon Valley start-up scene. Dorsey himself, with a sharp design eye and grand ambitions has been compared to Steve Jobs.

The company’s core business was and is collecting a small percentage of the transactions they help process, primarily for small businesses – a hard business to be in. It takes a lot of transactions to make a profit. As Austin Carr writes:

“Making money from payments processing is a bit like building a business by selling soda simply for the bottle deposit: It takes a lot of effort just to convert a $1 bottle of Coke into a nickel return, and only in extreme bulk can those nickels start to add up. More troubling, with Square’s business, the majority of those nickels go to the financial intermediaries it works with. At every swipe, Square takes its small cut of the transaction price, but 70% (or more) of that fee often goes to Visa, MasterCard, and other institutions that handle risk and fraud detection, as well as card-member rewards and services.”

This has led some people to criticize the company and its founder, Dorsey, saying it was desperately looking for an exit and would have to make some hard choices.

The criticism, however, is directed at the company’s current business model, a model that Dorsey says is simply Step 1 in a much grander vision to harness the vast amounts of data Square collects to build add-on products that move beyond payment processing – and provide higher margins.

As Carr writes, “Dorsey understood payments processing couldn’t be the endgame. ‘We always knew it was not our core business,’ he says. ‘We knew the real business was around the data.'”

Whether Carr’s company will be successful in its grand ambitions is still unknown, but one thing is clear: It will be the difference between a moderately successful transaction company and a game-changing product company – between being rich and being super rich.

Fight or Flight

The real difference between Dorsey and others who would be content with a safe, moderately successful company is courage.

“With any challenge,” Dorsey is quoted in the article, “there’s a fight-or-flight psychological reaction: You either continue to fight, or you go away.”

As Carr points out, Dorsey has chosen to fight. If he succeeds, that will be the reason why he’ll be super rich while others are simply rich.

What are you fighting for?

The reality is that we all probably won’t have the opportunity to be super rich in this life (though you may!) But we all have the opportunity to improve our situations today – to continue to grow and never settle, to fight.

The question is, what are you going to fight for to make your tomorrow better than it is today?

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

There is a free gift waiting for you

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

If you loved what Robert Kiyosaki broke down here…

You will LOVE what is in store when you see what our team does as a group ;)

Click  Here  To Get More Information:

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

Share
Sep 18

I recently spoke at a large event in Las Vegas. After the event I met a young man named Matt Clark. Matt has built two multi-million dollar companies from scratch and he is not even thirty yet. I was so impressed with his success at such a young age I wanted to sit down and talk with him. I was not financially free until my 40’s and that was with the teachings of rich dad. Had business changed at all from my day as a start-up?

Matt attended one of the top entrepreneur colleges. When I was young there was no such thing. The university taught Matt about customer service, brand-building, operations, finance, accounting, marketing, etc. But Matt said that’s not really where he learned the most. The best education he received was by actually going out there and just doing it. Matt’s best teacher was experience. That hasn’t changed since my day. Nothing teaches better than going out there and just doing it.

I asked Matt what advise he would give to an entrepreneur just starting out. He said that after building and starting two multi-million dollar companies and talking with lots of very successful entrepreneurs along the way, there are three fundamentals that, if any entrepreneur implements into his or her business, will increase the likelihood of creating a fun, profitable business immeasurably:

  1. High Margins
  2. Recurring Revenue
  3. Measurement

High Margins

For a successful business, not one in which you’re scraping by, you should shoot for a 500% or more markup on the products or services you sell. Matt struggled for many, many months operating a business with only 30-40% profit margin. It wasn’t until he started selling his own brand of private-labeled products with a 600% margin, that he really began to experience the level of profitability a small business needs to survive.

Recurring Revenue

Matt’s second fundamental is recurring revenue. This is one of those business mindsets that become more and more powerful with time. Recurring revenue can be a subscription model business or a business that that sells an add-on product. Matt uses the example of the Keurig coffee brewer and the little K-cups you HAVE to buy each and every time you want to use the machine.

If you implement a recurring revenue component right now into your business, you’re only going to get those same people re-billing next month – nice, but that’s not the big payoff. But, if you keep it up, continually adding more and more recurring customers each and every month, 6 months, 1 year, 2 years down the road, you’ll have more than your company is making now on AUTO-PAY.

Matt is right. The recurring model does not make you an overnight success but if you keep at it, it can be very profitable. I’ve found the key to recurring revenue is quality. You are only as good as your last customer experience. Rich Dad just started our Insiders subscription model. I know that if I do not deliver quality lessons and insights ever week the Insiders members will stop paying. My team’s job and my job is to keep delivering quality.

Measurement

Lastly, measurement is a MUST for any business of any size. For any business, online or offline, if you’re spending money on advertising, your business will never experience the gigantic leaps in growth a profitable advertising campaign can produce if you are not measuring.

What Matt calls measuring I call feedback. Feedback comes through results, through listening to customers and through the numbers you get when you measure. Being in business is not a hobby where you do what makes you feel good. You need to get the numbers, know how to read the numbers and adjust based on what the numbers are telling you.

I asked Matt about the importance of your businesses’ mission. He looked at me with a smirk and said, “that’s a given.” I knew I liked this kid.

There is a free gift waiting for you

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

If you loved what Robert Kiyosaki broke down here…

You will LOVE what is in store when you see what our team does as a group ;)

Click  Here  To Get More Information:

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

Written by: Robert Kiyosaki

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

Topics we talk about on our blog 

 

Archives 

preload preload preload
Tweeter button Facebook button Myspace button Flickr button Stumbleupon button Youtube button