Davidseidel.com Open Topic

The book starts by asking the fundamental question:

“Does money make you rich?”

Take a moment to answer that question.

Do you think money will make you rich?  Do you think winning millions of dollars from lottery will make you rich?  How about having a high-paying job from a lucrative profession like doctors, or lawyers, or IT professionals?  Does having a lot of money make you rich?

Many people have heard stories how instant millionaires lost their millions after a few years. Or how someone who was once rich and famous had his house foreclosed.  Or how a high-paying manager begged for his job back because he can no longer afford the lifestyle that he once had.

If not money, what then makes you rich?  According to Robert Kiyosaki,

“…it is not real-estate, stocks, mutual funds, businesses, or money that make you rich.  It is information, knowledge, wisdom, and know-how, a.k.a. financial intelligence, that makes one wealthy.”

Robert Kiyosaki describes Financial intelligence as that part of our mental intelligence we use to solve our financial problems. Financial IQ, on the other hand, is the measure of that intelligence.

What money problems do you have?  Are you having the problem of “not having enough money”? Are you

using your credit card whenever you’re short on money? constantly worrying about the rising cost of living? paying more in taxes after an increase in income? afraid of emergencies? receiving bad financial advice? waiting for the next paycheck to pay for last month’s rent?

While the rich do not have these problems, they too have their own money problems – “too much money”.  Some of these are

needing to keep their money safe and invested not knowing whether people like them or their money looking for smarter financial advisors raising spoiled kids worrying about estate and inheritance planning looking for ways to “legally” avoid paying excessive government taxes

]]>

Which problems would you rather have?

According to Robert Kiyosaki, you need to learn the 5 basic Financial IQs to solve your money problems.  These are:

Financial IQ #1: Making more money Financial IQ #2: Protecting your money Financial IQ #3: Budgeting your money Financial IQ #4: Leveraging your money Financial IQ #5: Improving your financial information

How do you make more money?  The key according to Robert Kiyosaki is to “solve problems”.  People will gladly pay you money if you solve their problems.  I know I’ll be more than happy to pay you money if you can fix my broken LCD TV at a reasonable price. Would you gladly pay your doctor if they solve your ailing stomach? Would you pay your financial advisor if they can make you more money than what you pay them?  Or how about paying your “star” employees “millions” whenever they bring you “billions” in income?

Solve people’s problems and make more money.  As the famous quote from Zig Ziglar says

You can have everything in life you want, if you will just help enough other people get what they want.

Which problems do you want to solve?

Do you want to solve the problem of “hunger” by providing quality meals at an affordable price.  That’s what a lot of food businesses are doing.  Or do you want to solve the problem of “not having enough time to eat”.  That’s what the fast and “instant” food delivery businesses are trying to solve.

What are you naturally good at? Perhaps you can use any of your skills to solve other people’s problems.

Are you good in math?  Be a great financial analyst or an accountant and help people and businesses solve their financial or tax problems.

Do you like speaking to people?  Become a powerful speaker.  Share your message by leveraging your highly sought after skill of public speaking.  Inspire people to take action and solve their problem of a dull and boring life.

Do you love making great movies?  Learn to be a great director or a movie producer.  People will pay you to entertain them because you are solving their problem of “not having fun”.”

The key according to Robert Kiyosaki is realizing the fact that problems will never go away.  After you solve a problem, another problem will come up.  Only in this process of solving problems one after the other will you gain financial intelligence.

You have to go through the process of solving whatever money problems you are facing right now.  Don’t run from it.  Face it head on.  Use your mind to think of ways on how to solve your money problem.  As Robert Kiyosaki’s Rich Dad says,

“You can quit when you win, but never quite because you’re losing.“

The reason instant millionaires end up poor after winning the lottery is because they want only the money but not the process of learning how to build their wealth.  This is the same thing as people wanting to get paid more than the value they are providing.  Their greed is making decisions for them.  Some people even claim that “greed” has caused the current financial crisis that we are in right now.

The other side of the coin is also dangerous – fear.  Don’t let fear hold you back.  Enjoy the process of learning.  Feel the fear and face it head on. This is the same reason why employees would rather gladly receive the small steady paycheck than take a chance at building their own fortune.  Take a leap.  Live out your dreams.  As Hellen Keller says,

“Life is either a daring adventure or nothing.”

What I liked about the book is that it offers other (unconventional) ways to think about money. The book is not about financial advise, so it does not discuss any “how to” details on investing in real-estate or businesses. There are a lot of strong comments about the book so it is NOT for everyone.  My hope is that after reading the rest of the book review in the coming weeks, you’ll pick up a thing or two to help you with your money problems.

Once you have learned to solve problems and earn some money, the next thing you need to do is to protect that money from what Robert Kiyosaki calls “financial predators”.  Real world predators do not always look the part. Sometimes, they are ordinary people with well-meaning intentions.  Their job is to “legally” take money from your pocket…and your job is to “legally” have them take as little as possible.

According to the book, there are 7 financial predators you need to protect your money from.  They are:

who legally take money from you through “taxes” Taxes are your single largest expense Know which type of income you’re earning money from and paying in taxes Earned Income – salary, commission, etc Portfolio Income – income from paper assets such as interests, dividends, etc Passive Income – royalties, rental income from real-estate, licensing, etc who legally take money from you through “fees” Banks and credit card companies charge you with all kinds of fees, some of them you or your company might not even be aware of For every dollar you have in the bank, the bank can lend out twenty dollars to your credit card.  The bank pays you 5 percent for one dollar and makes 20 percent on twenty dollars.  That is how banks make money. who legally take money from you through “commissions” Look for brokers who are students of their profession and invest in what they sell For real-estate brokers, ask them how many properties they are invested in. For stock brokers, ask them which stocks they personally invest in. “Good” brokers make you rich, “bad” brokers make you poor.  Build a relationship with “good” brokers. who legally take money from you through “profits” Buy products that make you rich Poor people buy products that make them poor, paying them for years with a very high interest rate who legally take money from you through “alimony/marital asset split” Get a prenuptial agreement before you marry Think of your exit plan before you enter into the agreement who legally take money from you through “inheritance or financial wishes” Consult an estate planning specialist to plan your exit Use legal vehicles such as wills & trusts to protect your wealth from death predators who legally take money from you through “court & legal fees” Hold assets of value in legal entities instead of your own name You must buy insurance before you need it…not the moment you need it.

Protecting your money is like plugging holes.  You first need to be aware what the holes are before you can actually plan on fixing them to stop the cash from flowing out. Learning to protect your money is a never ending process as the rules regularly change.  The ways to protect your money yesterday may no longer be able to protect your money today or tomorrow. Protecting your money reduces your expenses. The more money you keep, the more money you can utilize for productive endeavors.

More Money Articles

After learning to make more money and finding out ways to protect your money, you next need to learn how to budget your money for maximum utilization.

According to the book, a budget is a plan to coordinate your most important resources (such as money and time) and expenditures.  There are 2 kinds of budgets:

Budget deficit excess of spending over income you spend more than you earn Budget surplus excess of income over spending you earn more than you spend

The reason most people are poor is because all their lives, all they’ve known is not having enough money, hence, they only have a plan for “budget deficit”.   They have never experienced having more money than they could ever expect to spend.  They think only lottery winners, corrupt politicians, or greedy businessmen can have a “budget surplus”.   The key to having a budget surplus is realizing that it is possible for you to have it.

There are 2 ways to generate a budget surplus:

You can apply Financial IQ # 1 to make more money, thereby increasing your income, or You can cut expenses, and reduce your spending.

Both strategies will tip the equation to your favor such that your income will be greater than your expenses and you create that extra cash a.k.a. “budget surplus”.

Most people and businesses only know how to cut expenses, especially in these times of financial uncertainty.  But you can only do so much in terms of cutting expenses without sacrificing your mental, emotional and physical health.  You don’t need to starve yourself to create a budget surplus. If you apply Financial IQ # 1 – make more money, you can stretch the other side of the equation and achieve the same thing.  The same applies to business. A business without sales is NOT a business. So aside from minimizing the costs of your business, you also need to learn to sell more and boost your income!

]]>

Robert Kiyosaki offers 4 tips to plan for a budget surplus:

Budget tip #1 – A budget surplus is an expense Make spending for budget surplus a priority Pay yourself first, even when income is less than your expenses Use the pressure of not having enough money to think of ways on how to generate that extra cash Budget tip #2 – The expense column is the crystal ball Discover what you’re spending on, and you will know if your plan is working to give you a budget surplus or a budget deficit Robert Kiyosaki’s Rich Dad says, “you can tell a person’s future by looking at what they spend their time and money on.” Budget tip #3 – My assets pay for my liabilities Instead of using your hard-earned money to pay for your liabilities like a car or a flat screen TV, make that money work for you by using it to build assets and use the income from those assets to pay for your car or your flat screen TV. Budget tip #4 – Spend to get rich Know when to spend and when to cut back.  Most people only know how to cut back.  Spending wisely to grow your money is a harder skill to master. Learn to do more with less and use the pressure to become smarter in making more money

Budgeting is boring.  That’s what most people say.  However, it is one the most important rich money habits that you will have to learn.  A budget is like a map.  The only way to get to your destination is to know where you are right now, and use your plan to discover how to get to where you want to be. Consciously working on your money habits is a life-long process, and it starts with taking care of the resources that you have – that is budgeting your money and time.  What others don’t realize is that we all have 24 hours in a day.  Some people multiply their impact by providing livelihood to thousands of people and generating more money not only for themselves but for the whole community.  Others just sit around all day never doing anything to make their lives easier.  To me, it is not a question of do we need to budget or not.  It is a matter of realizing that to live your life to the fullest, you need to make the most of what you have. Be patient.  The problem of TV shows is that everything is fast.  Yesterday a child was born. The next day he’s already a teenager.  The next week he himself is already having his own kid.  Life is not a TV show.  It is a series of small steps earned each day.  So have a plan and learn to adjust that plan along the way.  As Robert Kiyosaki says “take it one day at a time.”

More Money Articles

Maverick Money Makers is an online money making coaching club and an excellent way for anyone from a newbie to an advanced marketer to create a true money maker online income. This review will give an idea of whether this is what you are looking for and if it is right for you?

There are many opportunities that now exist to work from home and make a living on the internet. There are a number of coaching courses set up to help you do just that – some are great, some not so great.

Is this claim too good to be true, can it be a true money maker for me?

How much does Maverick Money Makers Coaching Cost?

The program is run by Mack Michaels, and priced at per month. For this money, you’ll get a quick start book with 8 steps affiliate training.  The majority of the content of this guide is video based. Therefore, it is easy to learn, I find that videos explain so much more than just a PDF telling me what to do.  I need to see it to get a better understanding.

There are three different strategies to check out, beginners, intermediate, and advance marketing.  So there’s something for everyone, as you master the basics’ you can keep moving forward with your training without having to buy another program.  AWESOME!!

Here’s what is included in the coaching program

]]>

Maverick Money Makers Club is a huge resource center for beginners to advance online marketers. It covers;

Complete training systems for beginners and advanced online marketers
Quick money blueprint system
Video tutorials and lessons on all modules. Very easy to learn
Case studies, reports, niche marketing ideas
Skill set training systems
Monthly updates
Millionaire mindset coaching
24 hour assistance

-Great Video Training
-Fully Supported
-Updated Regularly

-No Tools
-Community not the greatest
-Training is somewhat “choppy”

Overall, Maverick Money Makers is a solid buy.

Unfortunately there’s no guarantee that you will do the work in order to be successful in building your own money maker program.  With so many online programs available it’s nearly impossible to choose which one is right for you?  Personally, the abundance of misinformation and incomplete programs have caused me to become so frustrated that it makes me think that every program is a scam.  I know I have spent a lot my hard earned money on programs that have just failed to deliver what they promised.

I have found this to be very helpful…

Mack Michaels’ Maverick Money Makers offers a full 60 day guarantee. If you haven’t been able to make any money or you tried it but just didn’t like what you found, then you will receive a full refund, no questions asked, for a full 60 days.

If you are really serious about finding solid information on Maverick Money Makers a true money maker program, you need to go to this website Visit Maverick Money Makers Now!

More Money Articles

A version of me

Okay – so you want to make money online but:

You don’t want to pay for the privilege – you are broke so can’t afford to pay for it
You don’t want to create website
You don’t want to learn about SEO, PPC and all the other acronyms that you can’t be bothered to find out the meanings of
You just want a quick and dirty way of making money

So this is you ? Okay read on – I’m about to break down the simplest way of making money online. And it’s FREE. There are no additional click after this,or clicks taking you to an affiliate website etc – this is bare bones honesty gleaned from tons of money making ebooks, research, websites, ideas etc, minus the bullshit and egos.Remember the adage – “Nothing will work unless you do”? Well even if you are lazy – this method still entails a few clicks and then a few more clicks every day on an ongoing basis. You can sit back and do nothing, and you will still earn clicks and money, but the more your click the more money you will make.

Follow this step by step easy as pie guide and then mail me when the money starts rolling in. Here goes:

Sign up with Clickbank dot com  – choose an ID that is easy to remember then remember it.
The top 4 money making Click Bank niches are internet marketing, weight loss, dating (i.e. how to get the girl or guy) and  muscle building.
In Clickbank – click on ‘Marketplace’ and type in any one of the niches above in the “Find Products” box.
You will then see a list of products that fall in that niche for you to promote.
Next click on the drop down “Sort Results By” and select “Gravity”.
Choose all the ones you are interested in by clicking on “Promote”.
You will then get a pop-up screen that will give you the link to promote so that you can earn commissions on those items.
Copy and paste those links into a document and call it “My Money Makers”.
Now you are ready to start making money and these are the simplest, easiest, laziest ways of doing it. Are you ready – okay let’s go.

Create a Twitter account applicable to your niche. E.g. Weight Loss. Use a memorable and enticing username.
Create an eye catching profile image with a sexy skinny girl or guy.
Put in your profile information something like “I help people to lose weight and keep it off”.
Use the affiliate link from the niche product you selected in Click Bank as your website link. To disguise it you can use Tiny dot CC to change it to something else.
The go to the twitter page of someone famous or someone that is influential in your niche. E.g. Oprah
Then follow their followers like crazy so that they will either follow you or click on your link to read more about you. This part is simple – you just click on their “Followers” link then click “Follow” next to their names. Click, Click, Click.
RT their tweets and add affiliate link into the retweet
Tweet an interesting fact related to your niche with a link to your affiliate link
Reply to people tweets with a relevant comment and a link to your affiliate link
Say something controversial or enticing with a link to your affiliate link. I think you get the picture, any interaction you have on Twitter – include your affiliate link related to that niche.

]]>

Sign up using the same username for the niche as you did for Twitter (makes it easy to remember).
Then search for questions that fall into your niche, e.g. “Lose weight”.
Answer their questions and link to your affiliate link Make your answer as natural sounding as possible, don’t make it a sales spiel. E.g. “You know I had this same problem and it was tough, but I found something that seems to work. I only lost 2kgs in the first week, but I’m losing more each day, I weigh in this weekend, so excited I can’t wait !  I used this – try it you never know” – then include your link to how you lost it. And also add your link as a reference.
Answer as many questions as you can in your niche every day.
You can do this on any site where people ask for advice.

Sign up for a Facebook account using the same details as Twitter.
Simply search for  fan pages that have alot of followers. Famous people work well. Use the top 10 famous people for a list. (Google is your friend). Country names such as “India”, “Nigeria”, “Japan” etc work well too. Fan Pages work better as you don’t have to wait to be accepted. Friends is a waste of time don’t go there.
Simply “Like” the fan page which will allow you to post something on the page wall.
Post an enticing post with a link to the tiny url of your affiliate link.
Don’t do this on too many walls too many times or Facebook will block you. But do choose really famous walls with alot of wall activity – you can see this by the posts on the wall.

This one can get annoying if you have to post in forums and get tired of creating new profiles for each forum, however it works very well. However doing just that gets clicks to your affiliate links. Google forums that fall into the niche you chose, then join up and reply on posts. Make it relevant and natural. Then use your link in your signature and as part of your profile. Use an enticing photo for your profile always.
The other highly lucrative place to comment is on relevant blogs in your niche. Don’t copy and paste comments, type something new and natural.

Create a profile, same premise as above.
Comment on high traffic videos in that niche. Don’t put the link in your comment, but rather on your profile.

If you don’t mind spamming your friends, then create an email that entices them to go and visit the link, especially if it’s a niche topic that you know they would be interested in.
Encourage forwarding of the email to win a prize (preferably something unused that you own already else you’ll have to fork out some money for it).

This method is the by far the easiest and laziest one out there but it’s going to cost you . On Fiverr.com, search for “Social Networking”. You will then get a listing of hundreds of people who will promote anything you want for .
Choose someone that has good feedback and lots of Facebook fans or friends or followers. Pay them via Paypal through the site and allow them to promote your link for you.Once the money starts coming in, you can pay over and over again with different product niches.
There you have it. If you don’t make money on any of these tips – then tweak it until you find the one that works for you. The only way to make this work is by doing it over and over again, every day. The more you do it, the more you will make.

Yes. I am by no means a millionaire. I have hundreds of usernames (The Money Maker list helps me out on this one). This is with a full time job. Do I want to be a famous IM’er – no. I simply want to show others that it is possible to make money on the internet, and it’s not difficult.

I hope you enjoyed this article as much as I enjoyed writing it. You can show me appreciation by clicking on all the Adsense ads on the page – there’s alot hey – I know – but it works – money comes in – or leave a comment. If you absolutely hate it or want to SEO bash me on the head – then by all means do so – but please be gentle. I need this brain to continue clicking and making money.

xo

Athena

PS. I couldn’t resist adding this PS link only because it’s such a classic IM give away lol. If you are an obsessive clicker-on-IM-links – then by all means click here to be taken to a great program you can use if you simply MUST have a website and want to grow a list of loyal subscribers that you can sell to. I wrote a review for this one which should be posted soon.

Find More Money Articles