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.

How Can You Be A Mom and Wife AND Make Money For Yourself?!?

…Mey here on a Monday night masterminding with my friends Sheena and Candice blogging about How Can You Be A Mom and Wife AND Make Money For Yourself?!?

…seriously, women DO YOU FEEL ME?

…I’ve seen men make it to the top and wonder, do they have to change diapers in the middle of the night?

…do they clean up after the kids, put away all the clothes, clean the bathroom sink?

…so, if you’ve been there thinking this money thing is a man thing and only belongs in a man’s world, I UNDERSTAND!

…so let’s get real, right now…

…I’m about to help you ladies see exactly how you can use your female power to make more money…

…Mey here on a Monday night masterminding with my friends Sheena and Candice blogging about How Can You Be A Mom and Wife AND Make Money For Yourself?!?

…seriously, women DO YOU FEEL ME?

…I’ve seen men make it to the top and wonder, do they have to change diapers in the middle of the night?

…do they clean up after the kids, put away all the clothes, clean the bathroom sink?

…so, if you’ve been there thinking this money thing is a man thing and only belongs in a man’s world, I UNDERSTAND!

…so let’s get real, right now…

…I’m about to help you ladies see exactly how you can use your female power to make more money…

Women Who Understand and Ask Questions Make More Money

…as a woman, if you want to make money for yourself you need to understand and question more about money…

…ask questions like:

“what is my budget?”

“how can I make money?”

“how can I save for myself?”

“how can I find ways to invest my money?”

“how can I learn about money?”

“what do I need money for and what is my goal?”

“what would it cost to hire someone else to do the work that I’m doing?”

“how do I get financial freedom in my marriage?”

…the more powerful questions that you ask yourself, the more you will see how you can make money for yourself, and start saving for your financial future…

A Mother’s Advantage

…a mother has a unique advantage over most people in that they have to be laser focused if they want to do something for themselves…

…they may have only an hour a day and they  use it very very wisely…

…they know what they need to do, how much sleep they need to get everynight, and how much food they need to eat to be the Mom they have to be…

…being a Mom takes patience, physical strength and attention…

…most of all it takes love…

…mother’s, realize how powerfully organized and effective you are, and use it to focus on these key things:

1) Save money for yourself regularly (pay yourself first…just like changing diapers, make it a necessity)

2) Focus at least 10-15 minutes a day or even a week to learn about dividends, interest and good investment options, this could be a call with your financial planner…

3) Stay laser focused, the work you do stabalizes society, creates peace…you raise the next generation…you can do this…finances are EASY compared with what you have to do…

<h2>Woman! You Are Stronger Than Him In So Many Ways, Use That To Make More Money By…</h2>

…I’ve noticed that I can hold my baby longer, walk greater distances, sleep less and get more done than my husband can…

…women tend to be stronger than men in practical matters like taking care of their children and doing practical things that will result in getting things done…

…so use that strength that you have and focus on money…

…there are women succeeding in making serious money…

…focus on what you can handle, saving…

…investing with a trusted advisor…

…maybe making money part time by blogging like me, or getting a part time job, or having your husband set up a regular transfer to your account…

…you can do this, and you need to think seriously about money because you will probably live longer and need more of it!

Conclusion

…I hope you understand that you are here in the company of a mother and a wife, who spends a lot of time enjoying her family…

…and makes money, makes passive income and saves regularly…

…woman, you can do it too!

…take that strength inside you and let it out…

…take care of yourself =)

…and if you think blogging about your passion for some extra money might be in the stars for you, then CLICK HERE, watch the free video and get started!

 

 

3 Most Informative Videos on How To Make Money Renting Real Estate

…some people think that the safest investments are in real estate…

…however, becoming a landlord is a career and it has a lot of issues associated it…

…this post will educate you with the most-informative videos on how to be an effective landlord and make money through rental income…

…some people think that the safest investments are in real estate…

…however, becoming a landlord is a career and it has a lot of issues associated it…

…this post will educate you with the most-informative videos on how to be an effective landlord and make money through rental income…

  1. What Every Landlord Should Know About Property Management

    …this video covers the big key points on how to be successful at renting…

    …he hits key points that are extremely important, including:

    1) what you can use (credit score) and can’t use (sex, race…) to choose your renters
    2) how marketing with give you better tenants
    3) who the best tenants are (nurses) and the worst (self employed)
    4) be prepared in advance with an attorney that does lots of foreclosures
    5) be strict on rent being turned in on time
    6) need cash flow (if you are just breaking even, don’t invest)
    7) reserves (to pay for things when things go wrong)

  2. How to Calculate Numbers on a Rental Property

    …this is a great video that goes through the numbers that you need to look at to figure out if a rental property will be worth investing in…

    …it is key to know these numbers BEFORE you buy!

    …watch this video to understand how to calculate your key numbers…

  3. What to Avoid when buying a Rental Property

    …this video is extremely practical and informative…

    …it talks about everything you want to avoid when buying a rental property such as:

    1) Avoid houses, condos and townhomes
    2) Avoid flat roofs
    3) Don’t pay electricity or gas
    4) Avoid multiple stories
    5) Avoid being next to alleys or being on a main street

    …and more…

    …and the video talks about exactly WHY you should avoid these things…

…do you have experience renting?

…share your tips and advice in the comments below!

5 Essential Must See Videos on How To Make Money With Bonds

…what are bonds and why are people avoiding them today?

…when does it make sense to buy bonds?

…learn all you need to know about bonds with the essential must-watch videos…

…what are bonds and why are people avoiding them today?

…when does it make sense to buy bonds?

…learn all you need to know about bonds with the essential must-watch videos…

  1. What is a Bond

    …this video give an excellent explanation of what a bond is and how to make money from buying and trading in bonds…
  2. What are the components of a bond

    …this is a nice video that explains the bond language such as par value, and yield, and interest rates…

    …it also shows you how rates affect the price of bonds…

    …also talks about basis points (100 bp = 1%)…

  3. The basics of bonds – MoneyWeek Investment Tutorials

    …this is a great tutorial showing how the price of the bond affects the yield…

    …pretty easy to understand as well…

  4. Bonds basics part two – MoneyWeek Investment Tutorials

    …this is part 2 of bond basics and it explains what corporate bonds are…

    …it also explains how they are rated by agencies such as Standard and Poors, Fitch and Moody…

    …really easy to understand…

    …just know that when he mentions par value, that means what the company will pay you when the bond matures…

  5. Value a Bond and Calculate Yield to Maturity (YTM)

    …great video explaining how to figure out what you will really make when you buy a bond by understanding the Yield to Maturity…

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