Robert Kyosaki's Advice to Entrepreneurs

"We go to school to learn to work hard for money. I write books and create products that teach people how to have money work hard for them." - Robert Kiyosaki

"I retired at 32," says Jason Wells, thanks to what I read in Robert Kiyosaki's books. "A friend of mine introduced me to Rich Dad, Poor Dad." Wells sees Kiyosaki's books as a "real road map to financial freedom." He states "if you look at Rich Dad, Poor Dad's Cashflow Quadrant and Rich Dad's Guide to Investing, there is a tremendous amount of valuable information . . . (that) I have analyzed and actually applied these concepts to get retired." Wells has analyzed these steps:

What the poor and middle-class and wealthy buy on payday is different.
Brilliant Compensation: Understand why wealth comes to those willing to help others.
Rich Dad Business: Robert Kiyosaki, author of bestselling Rich Dad Poor Dad, offers his advice on where the average person should start to build wealth.

Wells finds this information above the most helpful Kiyosaki offers, but entrepreneurs have found Kiyosaki's advice to invest in real estate most useful. Buying real estate is "good debt." It makes you money--as Kiyosaki says "Most investors say 'Don't take risks.' The rich investor takes risks."

Kyosaki and Donald Trump wrote Why We Want You to Be Rich because entrepreneurs need to change how they think about money. Thoughts lead to actions and actions lead to results. The successful leverage their time by using the resources around them (including employees). Business owners set up systems in many enterprises. Selling the systems (or businesses) frees them to build more assets--or as Kiyosaki puts it, "The rich build assets they use to purchase other assets. The poor only have expenses."

If you do not have a lot of experience, Kiyosaki suggests investing in network marketing. The education programs will train you and the business is meant to help many owners become wealthy. Kiyosaki sees it as a better paradigm " Inside of every problem lives an opportunity." Traditional business education is built on only one or two people succeeding on the backs of others. Don't learn the academic models of business success. Learn the financial wisdom of the wealthy. Kiyosaki says "Fortune favors the prepared mind."

Both wealthy men want you to learn new ways of thinking about money--key to putting the goals and ends you desire in motion. "If you can grasp the idea that money is not real, you will grow rich faster."

Seems awfully philosophical? Get reading and see a way to wealth. "Your future is created by what you do today," Kiyosaki has written. Who would argue with someone whose books have been 4 years on the bestseller lists?

Bruce Willis sues Petra, Tunku Imran as green venture turns sour

LOS ANGELES, Nov 21 — Hollywood actor Bruce Willis of “Die Hard” fame is suing Malaysia’s Petra Group and Tunku Imran Tuanku Ja’afar over a “green rubber venture”, Bloomberg news reported today.

The actor is demanding the return of US$900,000 (RM3.2 million) of the US$2 million he invested in the venture.

According to court papers filed in federal court in Los Angeles, California, Petra's chief executive Datuk Vinod B. Shekhar and Tunku Imran had induced him to invest in a company that was developing a non-toxic and recyclable rubber.

Willis had a put option, whereby for a specified period time he could get a full refund of his investment, according to the complaint. He exercised the option on March 17, Willis said, according to the Bloomberg report.

Willis said in his filing that he was told former US Vice-President Al Gore and actor Mel Gibson had also invested in the company, Elastomer Technologies Ltd.

"Despite the defendants' obligation to immediately refund Willis' investment in April 2008, the defendants continued to provide different specious excuses for the retaining of Willis' funds," the actor said in the complaint, quoted by the Bloomberg report.

Andrew Murray-Watson, a spokesman for Kuala Lumpur-based Petra, told Bloomberg in the report that Willis was due to be repaid the remaining US$900,000 in the next couple of weeks.

"We're very surprised Mr Willis is taking this action," Murray-Watson said in a phone interview.

According to an earlier Bloomberg report, Green Rubber Global Plc, named then as the Malaysian tyre-recycling group partly owned by actors Gibson and Willis, could sell shares in London by the year-end if the market condition improves.

The report said the company was looking to raise between US$20 million and US$50 million in a pre-IPO fund-raising.

Bloomberg reported that Green Rubber was expanding its existing plant in Kuala Lumpur and planned to lease a facility in China or scout for a partner in the north Asian nation.

It was also reported that the company is set to tie up with US rubber product manufacturer Apachi Mills, which supplies to retailer Wal-Mart Stores Inc.

The company is said to be able to make rubber compound through its recycling process at a cheaper cost than creating new compounds, saving costs and the environment.

Email From Stephen Pierce

Hey zen,

Yes, it's true!

None of us were brought up to earn on the
Internet. We weren't taught it in schools,
or by our parents.

In fact, you might say that we were all
"pretty much" taught the same way... which
was to grow up... get a job, or... go to
college and build a career.

Trading your time to work for dollars is
the American way. Or at least it has been...
This email's purpose is to get you familiar
with what is happening now.


A smart person will have an open mind.
However, this doesn't mean that you have
to be gullable to everything that is out
there.

It doesn't hurt to educate yourself... nor
does it hurt to talk with some people who
are already earning income via the Internet.

You have the right to say "no", as much as
you have the right to say "yes".

Don't get conned, instead... get educated.
It's only when people start spending a lot
of money, that they feel like they've been
scammed.

Our advice to you is to look before you leap,
but while you're looking, look deep.

Don't glance at the cover of a book and make
a quick decision.. instead, .. roll up your
sleeves and do some scratching beneath the
surface.

You may really like what you see, and it may
open new paths in your mind to a new way of
business, or... It may steer you into a whole
different direction.

But the only way to find out is to try. If
you don't try... well then... that is when
you lose in more ways than just your finances.

Do you agree that getting educated is an
important thing for you to be doing right
now? Let me know.


Sincerely,

Stephen Pierce
CEO & Founder
Stephen Pierce International, Inc.
support@piercesuport.com
Toll Free 866-272-1410

Wealth Is Created With An Idea

You can have all the money you want, if you know how to make use of an idea.

Every money making opportunity starts with an idea. The monitor screen you are looking right now, the keyword in front of you, the internet browser software you are using to read this article, even the blog and the post you are reading right now, was once an idea in somebody’s mind.

Let’s face it, everyone wants to be rich, everyone wants to be a millionaire and everyone wants huge money. The main problem with most people is that they don’t know how they can create the wealth that they desire.

Have you ever heard of this guy called Moe Siegel? Moe is the founder of the Celestial Seasonings tea. Before he created all his wealth, when he was picking seeds and herbs, he would tell his fellow friends, “Someday I’ll have a tea company to rival Lipton.” Everyone always said, “Yeah, sure, sure.”

Well, he started by selling his little teas to health food stores. Then he began expanding, and before long he was selling them to every chain in America.

The moral of the story is this, did Moe start with money? Did he start out with big factory or warehouse? Did he have a giant corporation behind him? Was he negative?

The answer to all the questions above is NO! So what does this mean? It means that creating wealth start from an idea, a vision, a goal, or a dream.

If you don’t believe this, simply read the biography of every successful person and you will find that they all started with absolutely nothing. In fact, many of them started broke. All they have is an idea and a vision of making it big.

If you are going to be a millionaire, you must start with an idea, nurture it, cherish it like helpless little baby. It will grow. You’ll have other idea flash into your mind that will tell you how to can do it. Then you do it!

This is the real secret how to create wealth!

Do you still skeptical about the statement that wealth is created from an idea or a vision?

After going through this favorite story from Dr. Norman Vincent Peale, I believe that you’ll agree with the statement…

It’s wintertime in Cincinnati long ago. A cold wind chills the crowds hurrying along the busy street. A young boy, at the age of around 11, has stopped outside the building that houses the city’s newspaper, the powerful and respected Cincinnati Enquirer.

One figure particular has caught his eye: a burly man in shirtsleeves seated at a central desk. An unlighted cigar is clamped between his teeth. His desk bristles with scraps of typescript impaled on spikes. Papers overflow from wire baskets. But power emanates from that desk, and the boy in the street can sense it. He knows that this man is in command.

A policeman saunters past, twirling his nightstick. And the boy turns to him, and ask, “Officer, who is that man in there? The one with the eye shade and the cigar?”

“Him?” The policeman answers. “He’s the editor, sonny. The editor of the Cincinnati Enquirer, that’s who he is.”

The policeman moves on. Finally the boy goes down the street, looking just as he did before. But he is not the same as before. He is changed. He’s no longer aware of the cold wind or the hurrying crowds around him. Inside his head a scene is forming - not just a vague or casual daydream, but a vision of the future that has all the reality, all the intensity of the present.

Intuitively, the boy knows that sooner or later what he is visualizing will come to pass. He is sure of it. The scene in his head is a replica of the scene he has just witnessed behind the plate-glass window, with one all-important change. The occupant of the editor’s chair, thirty years hence, is himself.

This boy is Roger Ferger, a poor youngster with no connections, no advantages, nothing except an image so powerful that it will bend all the laws of probability until they conform to an even stronger, though hidden law.

This is how you can create wealth, with an idea and a vision in your mind. Ideas are everywhere. Once an idea comes across your mind, write it down. If you think that you’re not creative enough and you don’t have any money making ideas, don’t worry, a vision will do the job.

So do you have a vision? Have you ever came across a sport car on the road that truly caught your attention, and then you said to yourself, “One day I’m going to own it.”

Well, that is a vision. I believe that everyone here has a vision. If you think that you don’t have any vision, it is most probably because you’re not aware of it.

Pay close attention to what you think everyday. Find out what you really want in your life, look for your vision and start to develop that idea.

Having an idea of generating wealth is not enough, you need to focus all your energy on making that idea or vision comes true. Too many people dangling in nowhere because they just dream of becoming rich, but they never really take action to make their dreams come true.

Remember, nothing is going to happen automatically. There are reasons for everything that happens in your life. So make the dreams of yours, the ideas in your head, the vision and the goals you had in your mind the reasons for you to be rich.

Problems Are Opportunities In Disguise

“I’ve got a problem.”

The young man had just come up to Dr. Norman Vincent Peale on Fifth Avanue in New York City, grabbed him by the lapels and said, “Dr. Peale, please help me. I can’t handle my problems. They’re just too much.”

Dr. Peale said, “Look, I’ve got to give a talk. If you’ll let go of my lapels, I’ll show you a place where there are people with no problems.”

The man said, “If you could do that, I’d give anything to go there.”

Dr. Peale said, “You may not want to go there, once you see the place. It’s just 2 blocks away.”

They walked up to the Forest Lawn cemetery and Dr. Peale said, “Look, there are 150,000 people in there. I happen to know that none of them has a problem.”

This is one of Dr. Peale’s favorite stories. There are ‘problems’ anywhere in our life. Unless you’re dead, you’ll face with problems everyday. The thing is, problems are a sign of life. If you have a big problem, be thankful for it. It proves that you’re still alive and functioning.

Some say, in fact, that the best way to judge a person is by the size of the problems he or she has. So you see, it is all about dealing with problems. If you know how to deal with problems effectively, you can achieve much more in your life.

Problems are often opportunities in disguise. Let me tells you another great real-life story about dealing with problems and having the lack of confident in life. This story, happened on one of the great author and self-help guru, Mark Victor Hansen (the author of Chicken Soup For The Soul) and a guy named Malcolm.

Mark was given a talk in Vancouver, a few years ago, and he happened to notice a man sitting in the front row who had the most mangled face he’d ever seen. He had stitches all the way across his face. One eyelid was stitched shut. Even his mouth was three-quarters stitched shut.

Mark remembers when he was talking about the importance of hugging, and at the break Malcolm came up and hugged Mark. With a raspy voice he said, “My name’s Malcolm.” Mark could tell from Malcolm’s tone that he expected to be recognized, but if Mark had seen him before, he didn’t know where or when.

He said, “I’m the guy who wrote you that letter.” He started telling Mark about it, and Mark remembered immediately. He had written that some ten years ago, he and his fiancee had been walking one weekend through the north woods of British Columbia minding their own business.

Somehow they had gotten between a mama bear and her baby cubs. The mama, just wanting to protect her cubs, had grabbed hold of his fiancee. Malcolm is just 5 feet 2 inches tall and the bear was enormous, but he felt courage and managed to disentangle his fiancee, whereupon the mama bear grabbed him and proceeded to crush every major bone in Malcolm’s body.

She finished by sinking her claws in his face and ripping straight across it, back toward the scalp.

It’s amazing that Malcolm lived. He was in restorative surgery for the next 8 years. By that time the doctors had done all the cosmetic surgery they could do. It hadn’t helped much, and he saw himself as an ugly person. He didn’t want to expose himself to society.

So he went in his wheelchair to the tenth-floor roof of his rehabilitation center and was ready to push himself over the edge when his father appeared. His father had heard an intuitive voice telling him to go see his son.

Just in time, his father came running up to the top of the stairs and said, “Wait a second, son.”

Malcolm turned around in the wheelchair. “What, Dad?”

His father said, “Malcolm, every human being has scar tissue deep inside him somewhere. Most of us wear it under a smile, some cosmetics and nice attire. You get to wear yours on the outside. But we’re all the same.”

Malcolm could no longer thrust himself off that building.

A short time later a friend of his brought him tapes of Mark’s public appearances. He started listening and heard the story Mark tells of Paul Jeffers, who lost his hearing at age 42 and has now become one of the most outstanding salesmen in the world. Mark heard it when Paul said, “Setbacks are given to ordinary people to make them extraordinary.”

Malcolm said to himself, “That’s me, I am extraordinary!”

He wrote down what he wanted to do. He dreamed about it and told everyone about it. Then he went out and got a job in insurance sales, a job where he has to expose his appearance to people everyday. He puts his picture on his business cards, hands them to people and said, “I’m ugly on the outside, but I’m beautiful on the inside if you just get a chance to know me.”

In 1987, Malcolm became the number one insurance agent in Vancouver. Fate had dealt him a terrible hand to play. But he turned it into a golden opportunity.

You see, what Malcolm learned was that his looks weren’t his problem. It wasn’t his appearance that held him back. That was just an excuse. In life, one has excuses or results. It was his vision of himself that was the problem. If he saw himself as beautiful. Then he was beautiful.

Once Malcolm ’saw’ what he really looked like, his scars became irrelevant. Once he broke through his fears by opening himself up to others, he was able to move forward with astounding results. So can you.

This is an inspiring story. Do you dare to fail? Do you have what it takes to achieve the things that you want in your life?

Or do you give excuses and not doing anything to achieve your dreams? All the problems happen on you are problems only because you ’see’ them as problems. If you ’see’ them as opportunities, then they will become opportunities.

When something bad happen on you, it doesn’t mean that you’re going to fail. Sometimes when something bad happens, it turned out to be an opportunity.

I hope this story inspired you and drove you into taking more action to create a better life. Remember, problems are opportunities in disguise, you need to have problems to prove your ability and show that you’re still alive.

Investing In Global Economic Crisis

A lot of investors lose their money for different reasons but to stay on top of the market you have to be a knowledge investor. The question you will ask me is that who is a knowledge investor? A knowledge investor is someone who understands the stock market. He is willing to read books and articles on investment, he goes for investment seminars at least twice in a year, he takes into consideration the news and the events particular to the stock exchange. The reason investors lose their money could be as follows;

Greed

If you buy a stock for $5 an your goal is capital appreciation and you set your exit strategy for 100% returns on investment, then you have to discipline yourself to sell the stocks at $10. Always act on your exit strategy if you want to be an intra day trader

Lack of investigation;

Before buying a stock always investigate about the stock. Find out the last time they release their earnings result, the current price compared to the 52 weeks high, management, product creation if there is any, the latest news and reports coming from the company, the quarterly result etc.

Buy stocks during the bearish period;

The best time to buy stocks is when prices are low and current global financial crises are an opportunities to buy stocks for long-term purposes. The reason why the bearish period presents itself as an opportunity to buy is because most of the listed companies are selling far below their 52weeks high.

Lastly hold on to stocks during the bearish period don't sell your stock until the bullish period returns to the market.

10 Rags to Riches Billionaire

Feeling the need for a little inspiration on the road to wealth building? I always love to read about people who have beat the odds and made a dramatic rise in their financial situation.
What follows are the stories of 10 billionaires who started with nothing and now have it all.

Ingvar Kamprad
Net worth: $31 billion
World’s richest retailer and founder of furniture store Ikea.
Kamprad began to develop a business as a young boy, selling matches to neighbors from his bicycle. He found that he could buy matches in bulk very cheaply from Stockholm, sell them individually at a low price and still make a good profit. From matches, he expanded to selling fish, Christmas tree decorations, seeds and later ball-point pens and pencils. When Kamprad was 17, his father gave him a reward for succeeding in his studies. He used this money to establish what has grown into IKEA.
The acronym IKEA is made up of the initials of his name (Ingvar Kamprad) plus those of Elmtaryd, the family farm where he was born; and the nearby village Agunnaryd.
Kamprad has admitted that his dyslexia played a large part in the inner workings of the company. For example, the Swedish-sounding names of the furniture sold by IKEA were originally chosen by Kamprad because he had difficulty remembering numeral stock-keeping units.
Reputed to be quite frugal: flies economy class, frequents inexpensive restaurants, furnishes his home with Ikea ware.

Li Ka-shing
Net worth: $26.5 billion
Li fled turbulent China in 1940 and resettled in Hong Kong. Li’s father died in Hong Kong.
Shouldering the responsibility of looking after the livelihood of the family, Li was forced to leave school before the age of 15 and found a job in a plastics trading company where he labored 16 hours a day.
By 1950, his hard work, prudence and his pursuit of excellence had enabled him to start his own company, Cheung Kong Industries. From manufacturing plastics, Li led and developed his company into a leading real estate investment company in Hong Kong that was listed on the Hong Kong Stock Exchange in 1972.

Roman Abramovich
Net worth: $23.5 billion
Orphaned at age 4, Abramovich was raised by his uncle and grandmother. He dropped out of college and eventually made a fortune after taking over Russian oil giant Sibneft, which he later sold.
Roman, was gifted with a talent for business and being in the right place at the right time as he started his career as an entrepreneur just as Soviet premier Mikhail Gorbachev’s reforms permitted the opening of small private businesses.
He began his business career selling plastic ducks from a grim Moscow apartment but, within a few years, Abramovich’s vast wealth spread from oil conglomerates to pig farms, and secured his place within Yeltsin’s inner circle. However, even today, his task force of bodyguards and armoured Mercedes testify to the high-risk nature of capitalism in post-Soviet Russia.

Sheldon Adelson
Net worth: $26 billion
The son of a Boston cabdriver, he borrowed $200 from an uncle to sell newspapers at age 12. Later, he dropped out of college to become a court reporter. Now a casino and hotel magnate, Adelson took his Las Vegas Sands public in December 2004.
He worked at a young age selling newspapers on local street corners and owned his first business by the time he was twelve. In the years that followed, he worked as a mortgage broker, investment adviser and financial consultant. He started a business selling toiletry kits, and in the 1960s he started a charter tours business with two friends. He went to college at City College of New York but did not complete a degree there.
The basis for Adelson’s wealth and current investments was the computer trade show COMDEX, which he and his partners developed for the computer industry; the first show was in 1979. It was the premier computer trade show through much of the 1980s and 1990s.
In 1988, Adelson and his partners purchased the Sands Hotel & Casino in Las Vegas, Nevada, the former hangout of Frank Sinatra and the Rat Pack, in order to bring Las Vegas to a new phase of business centricity through the exhibition industry.

Amancio Ortega
Net worth: $20.2 billion
Son of a railway worker Ortega apparently got started as a clerk in a shirt store. With $25 and help from his then wife Rosalia Mera, now also a billionaire, he began making gowns in his living room.
In 1975 he opened the first store in what would grow into the enormously popular chain of fashion stores called Zara.

Kirk Kerkorian
Net worth: $16 billion
Son of Armenian immigrants, he dropped out of school in the eighth grade and took up boxing.
Kirk Kerkorian was born on June 6, 1917 in Fresno, California, to Armenian immigrant parents. Dropping out of school in 8th grade, he became a fairly skilled amateur boxer under the tutelage of his older brother, fighting under the name “Rifle Right Kerkorian” to win the Pacific amateur welterweight champion.
After the war, having saved most of his wages, Kerkorian spent $5,000 on a Cessna. He worked as a general aviation pilot, and made his first visit to Las Vegas in 1944. After spending much time in Las Vegas during the 1940s, Kerkorian quit gambling and in 1947 paid $60,000 for Trans International Airlines, which was a small air-charter service which flew gamblers from Los Angeles to Las Vegas.
He then bid on some war surplus bombers, using money on loan from the Seagrams family. Gasoline, and especially airplane fuel, was in short supply at the time, so he sold the fuel from the planes’ tanks, paid off his loan - and still had the airplanes. He operated the airline until 1968 when he sold it for $104 million to the Transamerica Corporation.
Later, he made billions buying and selling movie studio MGM. Today his MGM Mirage owns more than half the hotel rooms on the Las Vegas Strip.
“I just lucked into things. I used to think that if I made $50,000 I’d be the happiest guy in the world.” Kirk Kerkorian

Oprah Winfrey
Net worth: $2.5 billion
Born in rural Mississippi to a poor unwed teenaged mother, and later raised in an inner city Milwaukee neighborhood, Winfrey was raped at the age of nine, and at fourteen, gave birth to a son who died in infancy. Sent to live with the man she calls her father, a barber in Tennessee, Winfrey landed a job in radio while still in high school and began co-anchoring the local evening news at the age of 19.
Her emotional ad-lib delivery eventually got her transferred to the daytime talk show arena, and after boosting a third-rated local Chicago talk show to first place, she launched her own production company and became internationally syndicated.
Winfrey became a millionaire at age 32 when her talk show went national. Because of the amount of revenue the show generated, Winfrey was in a position to negotiate ownership of the show and start her own production company. By 1994 the show’s ratings were still thriving and Winfrey negotiated a contract that earned her nine figures a year.
Considered the richest woman in entertainment by the early 1990s, at age 41 Winfrey’s wealth crossed another milestone when with a net worth of $340 million, she replaced Bill Cosby as the only African American on the Forbes 400. Although blacks are 12% of the U.S. population, Winfrey has remained the only black person wealthy enough to rank among America’s 400 richest people nearly every year since 1995.

Micky Jagtiani
Net worth: $2.5 billion
Jagtiani flunked out of accounting school in London and took up driving taxis and cleaning hotel rooms to pay the bills and support a bottle of whiskey a day habit. He then lost his entire family to illness in the span of one year.
Just 21 and alone in Bahrain with $6,000 of his and his family’s savings, he took over the retail space his brother had leased before dying of cancer and started selling baby products. Chain is now one of the most profitable retail groups in the Middle East.
Thirty years after he landed up in Bahrain the Dubai-based CEO of Landmark group has built himself one the largest and most profitable retail chains in the Middle East, with more than 280 stores, 6,000 employees and an estimated $650 million in revenues.

Richard Desmond
Net worth: $2 billion
After his parents divorced, Desmond lived with his mother in a garage apartment. Quit school at age 14 to become a drummer and worked in a coat-check room to help pay the bills.
His first job was for Thomson Newspapers, working in classified advertisements. He moved on to another company and by the age of 21 he owned two record shops. He acquired an interest in publishing and in 1974 published a magazine called International Musician and Recording World.
Started his first magazine at age 22 and now owns dozens of titles, including celebrity rag OK!.

J.K. Rowling
Net worth: $1 billion
British writer and author of the Harry Potter fantasy series.
Rowling moved to Portugal after the death of her mother from multiple sclerosis. She returned to the U.K. a single mother and lived on welfare while finishing her first Harry Potter story. Now one of the world’s most successful authors, she published the seventh and final installment of the boy wizard series last July.
She progressed from living on welfare to multi-millionaire status within five years.
I hope you found these stories inspiring. It is difficult for me to relate to people who are wealthy but started out with family money or won the lottery. But these stories prove that anything is possible and it is interesting to see how each rags to riches story is unique.