11 Secrets To Make Money With Your Mind

Read this like your life depends on it…because financially, it does.

“In late 1974, I purchased a small condominium on the fringes of Waikiki as one of my first investment properties.  The price was $56,000 for a cute two-bedroom, one-bath unit in an average building.  It was a perfect rental unit…  and I knew it would rent quickly.

I drove over to my rich dad’s office, all excited about showing him the deal.  He glanced at the documents and in less than a minute he looked up and asked: “How much money are you losing a month?”

“About $100 a month,” I said.

“Don’t be foolish,” rich dad said.  “I haven’t gone over the numbers, but I can already tell from the written documents that you’re losing much more than that.  And besides, why in the world would you knowingly invest in something that loses money?”

“Well, the unit looked nice, and I thought it was a good deal.  A little paint and the place would be as good as new,” I said.

“That doesn’t justify knowingly losing money,” smirked rich dad.

“Well, my real estate agent said not to worry about losing money every month.  He said that in a few years the price of the unit will double, and in addition, the government gives me a tax break on the money I lose.  Besides, it was such a good deal that I was afraid someone else would buy it if I didn’t.”

Rich dad stood and closed his office door.  When he did that, I knew I was about to be chewed out as well as be taught an important lesson….

…On that day, I learned more about money and investing than I had in all my previous 27 years of life.”

(pp. 97-98 of The Cashflow Quadrant by Robert Kiyosaki)

The 11 Secrets to Make Money With Your Mind

1) How to handle “You can’t do that” – when you bring up a winning investment proposal, your advisors/realtors/etc may say “You can’t do that”. What they really mean is “They can’t do that”. It does not mean that it can’t be done. Don’t listen, make it happen.

2) $1.4 Trillion Looking for a home – everyday money is circulating electronically, it is invisible because most of it is electronic. If you know how to take care of money, money will flock to you, and be thrown at you. People will beg you to take it.

3) Train your eyes to see only 5% and your mind to see 95% when you invest – “The average person is 95 percent eyes and only 5 percent mind when they invest,” said rich dad. Be sure to only take advice from people who actually know what they are doing, and know their numbers…who know how to take care of money.

4) Train your brain to see money – The ability to make money begins with financial literacy, with understanding the words and the numbers

5) Know what real risk is – understand each investment, and how much is put in, how much the costs are, the return, possible set backs and pluses, practice with small investments and work your way up. Practice, practice, practice

Bad advice is risky – most people learn about money by modeling what their parents did with money, they hear advice or see what others do, and they can’t tell the difference between good and bad advice

6) Your advisors are only as smart as you – If you are financially naive, they must by law offer you only safe and secure financial strategies. If you are an unsophisticated investor, they can only offer low risk, low yield investments. They’ll often recommend “diversification” for unsophisticated investors. Few advisors take the time to teach you. Their time is also money. So if you will take it upon yourself to become financially educated and manage your money well, then a competent adviser can inform you about investments and strategies that only a few will ever see. But first, you must do your part to get educated. Always remember, your adviser can only be as smart as you.”

7) Know the difference between an asset and a liability

8) Understand THE GAME OF MONEY – Who is indebted to whom?

Money is debt – The more people you are indebted to, the poorer you are.
Words that lure you into the losing position of the game are:

“Low down, easy monthly payments”

“Don’t worry, the government will give you a tax break for those losses”

Who owes you?

The more people who owe you, the richer you are.

9) What is your interest rate…really?

10) If you take on debt and risk, you should be paid.

11) Understand the difference between facts and opinions
Common opinions are:
“You should marry him. He’ll make a great husband.”
“Find a secure job and stay there all your life.”
“Doctors make a lot of money.”
“They have a big house. They must be rich.”
“He has big muscles. He must be healthy.”
“This is a nice car, only driven by a little old lady.”
“There is not enough money for everyone to be rich.”
“The earth is flat.”
“Humans will never fly.”
“He’s smarter than his sister.”
“Bonds are safer than stocks.”
“People who make mistakes are stupid.”
“He’ll never sell for such a low price.”
“She’ll never go out with me.”
“Investing is risky.”
“I’ll never be rich.”
“I didn’t go to college so I’ll never get ahead.”
“You should diversify your investments.”
“You shouldn’t diversify your investments.”

Do you due diligence.

Understand the investment, do the math yourself, ask all the questions, after you analyze, act.

Faith and Doubt – How Do They Make You Financially Free

This is Mey here on a beautiful Wednesday morning, and I’m happy for this new day, blogging about Faith and Doubt – How Do They Make You Financially Free…

…it may seem funny, aren’t faith and doubt opposites?

…well, not really according to A Spiritual Renegade’s Guide to the Good Life DOUBT IS REQUIRED TO CREATE FAITH…

This is Mey here on a beautiful Wednesday morning, and I’m happy for this new day, blogging about Faith and Doubt – How Do They Make You Financially Free

…it may seem funny, aren’t faith and doubt opposites?

…well, not really according to A Spiritual Renegade’s Guide to the Good Life DOUBT IS REQUIRED TO CREATE FAITH

My Story About Doubt Leading to Faith

…for example, I’m in an internet business, which is this blog, and my other blog and my loyal customers…

…and when I initially saw this business opportunity I had a lot of doubt…

…how could I just write about what I love and talk to people about the meaning of life, financial freedom, true love, health, and so on…

…how could doing what I love make me money?

…I didn’t get it, and when I  saw this business opportunity I thought to myself, is this really going to work for me?

…well, I had been referred to this business opportunity through word of mouth…

…however I still had doubt!

…so I went to the Better Business Bureau, looked up the company, and read every negative complaint that they had received…

…and I read how each one had been resolved…

…I looked for reviews of the company on the internet and I found a lot of people promoting it and only one negative review, which was not really negative, it was just saying setting up your own blog is more profitable…

…so after a lot of healthy doubt, which led me to question the business opportunity, and then have me go and examine if it was real or not, I found myself starting to have faith

…and then I decided to go ahead and start a blog with this business

…and since then, as I am making money and giving value at the same time, I have a strong faith that this is the business for me…

How To Use Faith and Doubt To Become Financially Free

…so, the point of the story is that you need to have doubt

learn about people who are financially free, their story, their business and investments…

…then as you read about or meet more and more financially free people…

…you will begin to have faith in yourself, that you too will become financially free

…you need to investigate investments, banks, business opportunities before you put your money in…

…your money is hard earned, and you deserved to make it…

…if it took you years to make it, you want to be very sure you are putting it in a good place…

you need to determine if the investment is real

…is it rated by a credible agency?

…can you see the prospectus?

you need to determine if the investment is right for you...

…it may be real, however, maybe you don’t want to invest in a tobacco company, or maybe you don’t want to sell vitamins, or maybe it’s just not right for you…

…what are the risks?

…maybe the investment is too risky for your personality…

…maybe the return is too low…

…you need to take your wealth seriously…

…this kind of doubt, with push you forward to investigate new and better opportunities, and give you the faith that you’ve found the right ones…

…then you take the actions you need to take to become financially free

…it’s that simple…

…thanks for reading my blog and tell me your thoughts in the comments below!

…also, if you do love writing and talking to people about what you love, then maybe blogging is the right business for you too, CLICK HERE for a free presentation on how you can make money through the internet…