In an upcoming documentary An Unfair Advantage Robert Kiyosaki delves deeper into chapter 11 of his new book “The Conspiracy of the Rich” to reveal his strategy for printing his own money and creating infinite returns.
When you look at a financial statement there are 4 basic asset classes that you build to create wealth.
1) Business. (500 employees or more) The number 1 asset a person can have is also the toughest to start. If you can start your own successful business then you have an enormous ‘unfair advantage’ because of the tax breaks and cash flow that a business can bring.
Thomas Edison of General Electric, Bill Gates of Microsoft, Henry Ford of Ford Motor Company, Richard Branson of Virgin Enterprises and Steve Jobs of Apple are all examples of entrepreneurs who started out with very little and built multibillion dollar businesses. And what Robert Kiyosaki also points out is that these successful business owners have something else in common that was a huge unfair advantage… each one NEVER finished school.
2) Real Estate. With real estate you can use debt and other people’s money to get rich. This can also be one of the safest long term asset classes to put your money into as history has shown that a good property bought at a good price can yield high returns for a long, long time.
Robert makes the point that you want to HOLD on to your property’s “if an assets making me money, why would I want to sell it?”
There are many who ‘buy property’ and then ‘flip’ them and make some small gains. The problem with that strategy is that you lose the asset and the future cashflow AND you have to pay capital gains tax.
It’s better to hold the asset, pull out any growth in value to be used to invest in another asset and then you still retain the property and continue to receive the cash from it. That is definitely an unfair advantage.
3) Paper Assets. Stocks, bonds, mutual funds, savings. Many people get in to these assets because they are easy. You do not need much financial intelligence and you can buy them on a credit card and scale up as you make money from them. So you can start with as little as $100 bucks.
4) Commodity’s. Oil, gold, iron ore, wheat etc.
To create an unfair advantage for yourself Robert Kiyosaki recommends having all 4 asset classes working for you.
An unfair advantage is learning how to create infinite returns. That is to continually acquire assets that grow in value and reinvest the returns into buying more assets and so on so that you become richer every year.
Holding on to your assets allows you to do this. Holding assets that increase in value is a great strategy for creating wealth and provides the owner the greatest ‘Unfair Advantage’ because it is how you can essentially print your own money and create infinite returns.
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February 17th, 2010 at 4:09 pm
Great video! Kiyosaki is the man. Great advice on Gold, Silver and reducing your taxes. Thanks Christopher.
Patrick McIntosh´s last blog ..Get Some Fitness Goals and Hit Them.
February 17th, 2010 at 4:21 pm
Hey Patrick. I been following Robert Kiyosaki since 2002 and Rich Dad Poor Dad. It was that book and his advice to start a business that got me into MLM. Thanks for commenting and the RT. Cheers.
February 19th, 2010 at 9:14 am
Great post Christopher. I’ve been following Robert Kiyosaki for years and am following his teachings on building assets. The home business industry is certainly one way we can all do that.
Eddie
Eddie Espiritu´s last blog ..Work from Home Dad – How to Choose a Home Business
February 19th, 2010 at 9:42 am
Hey Chris! Thanks for sharing this great
info… Robert Kiyosaki has been dead on
for a long time. Always great to hear
new advise from him.
All the best,
Kary
Kary Rogney´s last blog ..The Presidents Song By 7 Year Old Abrahm Rogney
February 19th, 2010 at 10:02 am
Good Blog. I have seen this video and I’m on Robert Kiyosaki’s mailing list, as well as, Kim’s mailing list & site. The Kiyosaki’s are my idols. I’ve read all of their books and believe everyone should read them. I’m still having a problem finding local people who want to play the Cashflow Game, but I won’t give up.
Keep them coming,
Sylvia
http://www.ImpressiveMall.com
February 19th, 2010 at 10:17 am
Thanks for the information Christopher. Kiyosaki knows his stuff. Great content.
Steven Saliba´s last blog ..Are You Tired Of Expensive PPC Advertising?
February 19th, 2010 at 11:11 am
Hi Sylvia. Thanks for stopping by my blog. Robert Kiyosaki is great and I own the Cashflow boardgame 101. I love playing it whenever I can pull a team together. I also go to local Cashflow Meetups and have met MANY great people through them.
You can find a local Meetup in your area or create one yourself here http://www.MeetUp.com
Let me know how that goes.
February 19th, 2010 at 12:24 pm
Hey Christopher,
Great post! There’s one more unfair advantage… studying any of
Robert Kiyosaki’s material. It always puts you ahead!
Chris
Chris McCargar´s last undefined ..Response cached until Fri 19 @ 13:25 GMT (Refreshes in 12.08 Hours)
February 19th, 2010 at 1:01 pm
Robert Kiyosaki is the person who changed things for me. He is very wise when it comes to money in general. I think he is right again when he says that the middle class is going to be wiped out. Now is a crucial time to choose which side you wanna be on.
Ryan Martin´s last blog ..How To Get 5-10 Friend Requests A Day On Facebook
February 19th, 2010 at 2:59 pm
Thanks for sharing the unfair advantage with us, Christopher.
Robert Kiyosaki is the man! I recall him saying in one video that silver is even more precious than gold b/c of how much we need in nowadays.
I don’t know about you but that was just mind blowing to me.
(Yes…I am all about embracing failure and finding the “joy” in it. It means accepting that we are only going to get better at what we’re doing.)
Keep the valued content coming!
Smiles from Guam (neighbor),
Jaclyn
http://jaclyncastro.com
Jaclyn Castro´s last blog ..Video Marketing for Your Business
February 19th, 2010 at 5:26 pm
Yes I watched a video interview where he discussed that silver is a good buy under$16 and then I went and bought silver. It really is an unfair advantage when you choose to educate yourself where others have ignored to do so.
Thanks for commenting Jaclyn.
February 19th, 2010 at 5:29 pm
Hey Ryan,
You are right. I choose to on the side of the informed and empowered investor. It really doesn’t take much more than reading the right books and attending the right seminars to give yourself an unfair advantage and eliminate poverty.
Rock on Ryan.
February 19th, 2010 at 5:31 pm
Hahaha you are so right Chris.
Studying Robert is almost a license to print your own money.
Cool comment Mr McCargar.
February 20th, 2010 at 3:38 pm
Great video Chris, thanks for sharing. I’m going to get signed up for his Conspiracy Of The Rich Online Book. Keep learning and growing! David
David Wilcoxson´s last blog ..Numis Network Review Of ANACS MS-70 Silver Eagles
February 20th, 2010 at 5:47 pm
Way to go David.
Keep up the great work and build your unfair advantage for your future.
Thanks for commenting.
February 22nd, 2010 at 12:22 pm
Thanks for sharing Chris – will be watching for your new information.
Still much over my head right now.
March 2nd, 2010 at 6:04 am
Hey Chris,
Great Info!! Robert Kiyosaki is an amazing man!
The key to financial freedom is to have multiple streams of income and having assets that create ‘infinate returns’ will definately secure ones future!
Keep sharing the great content,
Sharon
Sharon Hartman´s last blog ..How determined are you?