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Can You Still Create Cashflow the Rich Dad, Kiyosaki way?
Can You Still Create Cashflow the Rich Dad, Kiyosaki way?
By Rachelhenke on November 4, 2009 United Kingdom of Great Britain & N. Ireland
Everything has changed in this new economy. People need a real solution for creating cashflow now. Does the Rich Dad, Kiyosaki formula for creating cashflow still work today?
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 4, 2009 --
Robert Kiyosaki and his wife Kim Kiyosaki have built an amazing brand around the financial concept of 'CashFlow.' They have a simple formula which goes something like this:
1) Build a business
2) Invest your cashflow or cash profits to buy your own real estate
How is this going to continue to work today when we see the real estate market crumbling all around us and the economy becoming a completely new economy cashflow game?
With millions of Americans now unemployed as a result of this global recession we need answers quickly and more and more people are turning to the Rich Dad, Kiyosaki way of thinking.
With the release of Robert Kiyosaki's new book, 'The Conspiracy of the Rich,' it is tempting for
many who read it to just blame the government for what has happened.
Although this may make one temporarily feel better, it will be much more productive to create a Plan B for this new economy and start to think and act like an entrepreneur.
If we adapt the Kiyosaki, Rich Dad concept from the formula above and apply it to today's economy how can we move forward to create cashflow?
Corporate professionals are flocking to start a new business in the Network Marketing industry because the start up is low and the return on investment is potentially very high.
People that once upon a time would never consider joining a Network Marketing company are now understanding what a real opportunity they have in their hands. Those that are
willing to release their old ideas, move away from clinging to this broken economy and embrace the new business models of the 21st century can really move themselves beyond this economical danger zone.
So the Kiyosaki cashflow formula could be applied as follows:
1) Build your Network Marketing business
2) Invest your cash flow into real estate
With Network Marketing there is a low start up (Usually ranging from $200 -$1000) and you are in business, without any of the usual hassles of a bricks and mortar business.
If you select a company that has a solid foundation and much of it's growth to come in the future you can get in front of that giant wave, so it is essential to join a fairly new but stable company.
If you select a successful team with an established record of success you will also be able to learn how to market your business with very low cost methods using social media and networking 101.
When you have your business up and running and are starting to generate some steady cashflow or residual income you can then proceed to step 2 of the formula and start looking at real estate investments if that is something you would like to do.
The Kiyosaki financial education still makes perfect sense in today's economy as long as you apply the formula for buying a property so that it pays you cashflow each month. You can learn more about that by reading the Rich Dad books.
Robert Kiyosaki's 'Conspiracy of the Rich,' is a revolutionary book which will bring you right up to speed with new ideas for creating your own cashflow.
When everyone is selling it is definitely time to be buying so it could be said not taking action is dangerous in this new economy and playing it safe is the new risky.
Respect the copyrights of the authors by republishing the entire press release as it is with no changes.
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Cashflow, Kiyosaki, Rich Dad, New Economy, Cashflow game, Conspiracy of the Rich
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