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How Do I Get Financially Educated?
Oct 13th, 2014 by Xarah

financial education cashflow richdad

How do You get Financially Educated?

Certainly not in school. It’s up to you to educate yourself.

Good news though, it’s rather easy when you start playing the boardgame Cashflow in a Cashflow club.

The first time I played the Cashflow game I was the first in this club to leave the rat race and I did it fast, too.

This is how I did it:

Very fast I had the chance to buy a piece of land for 5’000.- but only had 2’000 cash. I got me a credit for 3’000.- and bought the land, it had a river on it and that’s always been my dream. I bought it even though it did not generate revenue or cashflow. I just wanted it.

My neighbor kept telling me it was a mistake. He got quiet though when someone the market card and I was able to sell it for 150’000! Some mistake, hu?

I also got deals to buy shares for 1.-. The first time I only bought for 1’000 and 10 seconds later thought i should have gotten more. But I got another deal again for 1.- and this time I bought 2’500.

The luck didn’t stop. Someone picked the card where i could sell those shares for 30.-. And again, my second batch of shares I could sell for 30.- per piece.

Then I bought a house that brought in cashflow, and bought another piece of land. And then I bought an apartmenthouse for measly 200’000 (worth 1’200’000) which generated 11’000 cashflow and I was able to leave the rat race.

And as far as I remember I did all that in the first round and some of it while being „unemployed“ in the game.

Of course I had a lot of dice luck. The last time my co-club-leader had no luck. He never had one chance to buy anything, not even buy from somebody else. It happens also in real life. No luck, but don’t you never give up. Keep your eyes open. Or go here now.

What I have learned from playing the Cashflow game

I’ve been playing this game now over 3 years now, often twice a month. And only recently really grasped the numbers and all.

Only recently I started understanding how important financial education for all of us is.

About half a year ago I met a guy at a 2-day event. On day 2 he told me he had made over a million in the network marketing industry. I was impressed. Here I am, talking to a millionaire – BUT – on day 1 I suddenly remember he had told me he had over 50’000.- debt.

Don’t know about you but for me it didn’t add up.

Of course I asked him what happened to all the money. He shrugged. Spent it all. Traveling. Divorce (that’s where most of his debt comes from he says). Obviously he didn’t invest it, save some of it, paid himself first.

I believe we who are in a business like network marketing or internet marketing, where money can come fast, quickly and a lot we simply need to educate ourselves, we need to be financially educated.

How do you get financially educated?

I can suggest the following:

  • T Harv Eker. Millionaire Mind. He suggests to create 5 or 6 jars where you divide you money in. And his crew goes on tour. If they are ever in any kind of near area of you, go. It’s worth it!
  • Robert Kiyosaki. Rich Dad Poor Dad. Cashflow Quadrant. He teaches to pay yourself first. Which means, put part of your income (job or business) away, for investing, for saving, for emergency, all in different accounts. I only recently understood „pay yourself first“.
  • Play the Cashflow game. Look at www.richdad.com or google it or  World Wide Cashflow Club Website.
  • Subscribe to my blog and learn along side with me.

My name is Xarah and I believe we all need to get financially educated. And we  need a vehicle to start building passive income, increase our cashflow.

What would you do with an extra $5000? $10’000? $30’000?

I understand that some people get scared thinking of $30’000 every month. What to do with all that money? What about taxes??

If you are financially educated you will know what to do with the money:

  • pay yourself first
  • split your income into different jars/accounts
  • invest
  • live the lifestyle you can now dream about

I’ll see you on the next page.

from Xarah with Love

PS: Subscribe to my blog here
PPS: Check out my vehicle to leave the rat race, a franchise-style digital business opportunity.
PPPS: Remember to have fun today. And to leave me a comment below.

start living your dream

The American Dream
Oct 9th, 2014 by Xarah

the-american-dream-important-education-on-money

The American Dream — An Important Education On Money

Why is it important to know about this? Why is it important to be educated about money?

Because the rich get richer and the poor get poorer. This video explains why and how.

The question is, do you have to become poorer? And if you become rich does that have to on the backs of
others? I don’t think so.

In the business I am part there are lots of people who had been broke, homeless, about to loose their home,
addicted to drugs, alcoholics – and blind and deaf people – who rose up. They are earning enough to have left
the poor side of life, some even become millionaires. And they all contribute to good causes. And they have
done that by learning and teaching.

If you are like me, you want to live a decent life, with enough money for your dreams and lifestyle, and giving
to charities, giving back to your community…

… without exploiting others like it is shown in this video. Makes me wonder if these few greedy men would
come to their senses wouldn’t we have all a better life on this earth?

Wouldn’t we all,  humans, animals, plants, oceans, rivers, creaks, lakes be happier, the earth healthier?

Well, here it is. What is money? How does it work? Why is it stupid to save money (I’d rather earn passive
income every month
that I can spend then saving it and have it wiped out.

We still need money though to pay our bills. But instead of having to get credit (unless it’s “good” credit
according to Robert Kiyosaki’ financial education videos) why not have an income that is not based on a job?

How about a passive income? You keep building your business and you keep getting more. Pay off all your
debt, invest where the rich invest and beat the banks so to speak. It’s all about eductation.

I intend to share more about money and financial education because I think it’s important.

1. Subscribe to my blog. After Google reader died I have been looking for a new RSS feed source. And found it a
couple of days ago: Feedly. Free and easy to use service.

2. Write your thoughts below in the comments

3. Become part of my team. I want to have 1 millions friends who have become financially free and financially
educated. You are welcome to be part of this vision here.

See you on the bright side of life.

from Xarah with Love

start living your dream

 

New Rules Of Money
Oct 8th, 2014 by Xarah

new rules of money robert kiyosaki financial education

Robert Kiyosaki about the new rules of money

There are 7 short videos on this topic about financial education which I think is a very important education.

Since it’s not being taught in schools, we have to teach ourselves. Good thing we have in Robert Kiyosaki a
really good teacher. Watch these 7 short videos now – or Pocket them.

Conventional Education Vs. Financial Literacy – Part 1

If you are in any kind of business, especially MLM, Network marketing, affiliate marketing, I feel it’s essential
to be educated about finances. Because in these areas one can earn rather fast rather a lot of money. And they
tend to spend it all because they are not used to a lot of money, or they just don’t know better, thinking the
money will coming from that one source for ever.

Wake up now! It won’t. If you don’t keep working on your business, the income will decrease. Or the company
closes its doors. Learn this now whether you are already earning a lot or not. Check out my vehicle to earn lots
of money
.

The CASHFLOW Quadrant – Part 2

What quadrant are you in? I’m in the S quadrant and with one leg in the B quadrant.

This is my vehicle to stand fully in the B quadrant and generate passive income.

Why Savers Are Losers in This Economy – Part 3

The first thing you have to do when you start his game Cashflow, is to erase the savings
on your financial statement. We keep saying Robert says, to use that money to invest.

So far I have mostly invested into my business because it has a really big potential for
big earnings (70% commissions ranging from $25 to $5’125) and passive income.

At our Cashflow club we also teach to have several bank accounts and do save… but
not for what the “common” person does. This is a different topic though. Subscribe
to my blog if you also want to be financially educated and want to learn along-side
with me. Tip: use Feedly (website and app) to save your feeds with easy access. Or
use Pocket (website and app) to save this blog post or other interesting blogs, webesites,
videos for later read.

 Assets Vs. Liabilities – Part 4

I highly recommend you find a Cashflow club in your area. You learn about this financial
statement. Just google it, or go to Meetup and look there.

After watching this video: is your house, the one you live in, an asset or a liability?

Is a business like this an asset or a liability? It’s a liability until you start sharing and
earning money and it immediately becomes an asset. And with this business most
people turn it into an asset really really fast, within days, some even within hours.

Will it be an asset for you that quickly? I don’t know because I don’t know how fast
you take action. You need to take action to learn about financial education and you
need to take action to build a business/asset.

Do it here, now, and come back here for the rest of Robert Kiyosaki’s videos on
financial education.

Good Debt Vs. Bad Debt – Part 5

Good debt makes you rich and bad debt makes you poor because it takes out money out
of your pocket. I have 2000.- on a credit card that I pay 16.- every month for interest.

You can bet I’m very interested in paying that off as soon as possible. I basically just
need one more “All-In” sale. I basically used that credit to start this business. And because
I can earn money with it… is it now good debt or bad debt?

Would you like to learn about a business that can turn bad debt into good debt? Or even
better badass, 5-figure+ income? How about passive income. Now, that’s sexy.

https://isuccessformula.com/

The Difference Between Buy, Sell & Fool – Part 6

I’m taking a financial course now, because I wanted to learn what’s “true” for and in my
country. It’s rather basic but I’ve already learned a lot. And it’s based on Robert Kiyosaki’s
teachings.

And it’s awesome to meet other people who are interested in money, in financial education
and business.

I’m not much interested in Real Estate (yet) but I’m interested in business.

I have a digital franchise-style business. And as Robert Kiyosaki says in the video above,
I can sell it to the same people every month thus earning passive income. And I can
sell it again and again to new people (and sell it to them the following months automatically
every month). Of course I buy it too every month, though only the small items, the big ones
I bought once. The interesting part is, I can sell them to new people as often and as many
as I want.

Check it out.

FOCUS – Part 7

Don’t de-versify. Same goes for business. I started this business in November 2011. And
stuck to it. Until I met somebody who introduce a product-business to me. I found the
product interesting. I thought I could earn some money by selling it to friends and people
around me because they are either not interested in business, don’t understand english,
or have an employee-mind (I kinda give up to taking business to them).

And I thought having another income stream, diversify is a good idea. But I learned very
quickly that I got unfocused.

I think you have to have one business working well, bringing income, new people in
automatically before you can start another business, but you still have to keep an eye on
the other one. But then I think I will have to spend even more time. Back to scratches
now that my business is on auto-pilot. Because, let’s be honest here, we are all looking
for ways to earn money online because we want our time back. Right?

Right.

I came back and some leaders launched a business that is connected to my other business.

Basically I now have 2 income streams. And both come with passive income. And both
have auto-pilot built in. And both have high teach-hight touch built in. For me it’s the
perfect combination. Check it out here, for a Starbucks Hot chocolate you can test it
for 7 days. And I know you’ll love it. And don’t be surprised when you get a call from a
real person 🙂

Ok, so this is it. You have learned a lot with those 7 videos – I know I have even though
I’ve been playing his Cashflow game for a while now and read a couple of his books.

Again, financial education is important. Subscribe to my blog because I intend to share
more about financial education and money. What I find online and what I learn from my
course and learn by doing something. (Get feedly for easy access to your blog subscriptions).

Find me on Facebook, let’s chat about financial education.

from Xarah with Love

 

PS: Please leave a comment below. Thank you.start living your dream

 

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