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Want To Get Rich? Invest In Property! December 4, 2008

Posted by minnesotarealty in MN Realty.
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It’s a good bet that, throughout your life, you have received nuggets of financial wisdom from a variety of individuals in positions of authority – your parents, teachers, et cetera. But think back, and consider how many of these people who taught you how to handle your money were actually rich. The truth is that if you’re going to be rich, you should take advice from someone who’s already struck it rich.

In the words of Robert Kiyosaki of “Rich Dad, Poor Dad” fame, “It doesn’t take money to make money. I often hear people say it takes money to make money. I disagree. We had no money when we started and we were also in debt. It also doesn’t take a formal education.”

Kiyosaki proceeded to cite the case of Bill Gates: the Microsoft mogul never actually graduated from college, but did that keep him from making his fortune? No way! Diplomas are nice, but they don’t reliably add up to more money.

Robert Kiyosaki says that the only true prerequisites to being rich are that one must be determined and a quick study. Beyond that, it’s all about what you know. One of the first things you need to know about becoming rich is where you fall on the Cash Flow Quadrant.

The Cash Flow Quadrant is an icon taught to him by his best friend’s father, a man to whom he refers in his books as his “rich dad.” It is an illustration of what his rich dad called the four different types of people in relation to money: Employees, the Self-employed, Businesspeople and Investors. Each quadrant comes with its own outlook on the world. The outlook of those in the B and I quadrants are the ones that help make them rich.

One of the aforementioned traits necessary for becoming rich, being a quick study, has nothing to do with going back to school – the subject you must be able to learn about is actually a quite specific one: you must learn about real estate investing. Kiyosaki claims that investing in MN real estate is the best way to get rich because it ties into so many aspects of modern life – almost every office building or storefront you glimpse while driving down the street, for example, represents money in the pocket of some canny investor.

This isn’t about learning the minutiae of real estate investing and immersing yourself in every technical point and statistic – these things are important and useful for investors, but this expertise can come in the form of a profession that you hire to make these in-depth decisions for you. You only need to understand the subject matter to the extent that you can recognize an expert when you see one.

It is crucial to make the distinction between thinking like a self-employed person and thinking like a businessperson. A self-employed individual, who simply own his or her job, not any sort of business, must be must be present and involved in his or her work to earn a livelihood. The mark of a businessperson, on the other hand, is that he or she can leave town for extended periods of time without having to worry about losing money, because the important functions of the business have been delegated to capable individuals.

However you decide to do it, learning the nuts and bolts of real estate investing yourself or by hiring a qualified person to advise you, it is definitely time for you to move to the I quadrant; that is, if being rich is something you’d like to consider.

Alexandria P. Anderson is a licensed Minnesota Realtor that uses the Minneapolis real estate search to help her clients to find and purchase Minneapolis MN Homes and other Twin Cities properties.


Earn Money Without Working So Hard For It – With Real Estate November 13, 2008

Posted by minnesotarealty in MN Realty.
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There seem to be two types of people in the world: office slaves who very nearly treat work as a religion and who are in danger of neglecting the very families for whom they work so hard to provide; and people who have adopted more of a slacker mentality, convincing themselves that money isn’t important because they don’t want to be slaves to the workaday world.

Robert Kiyosaki, author of the Rich Dad book series, has money and he doesn’t agree. “Anyone who says money isn’t important obviously has not been without it long,” he says in his book “Cash Flow Quadrant.”

Kiyosaki should know– he’s been on both sides of the financial fence. In the ’80s, he was so down-and-out that he spent a few weeks living in a car, before moving on to the basement of a friend, in which he lived for almost a year. He and his wife didn’t have steady work, only odd jobs here and there, as they were looking for riches, not security.

Today, Robert Kiyosaki and his wife are millionaires.

While money is important, it isn’t important in and of itself, and that is why Kiyosaki and his wife didn’t rush out to look for the “good” jobs they both could have gotten. It’s important because it provides for your basic needs and, if you have enough of it, it can give you time to be with your loved ones and do the things in life that truly make you happy.

One thing a job will never give you is extra time with loved ones. In fact, it will take away as much of that precious time as you allow it to.

At times it seems like a no-win situation; it takes so long to make the money you need in order to get what you want out of life that you’ll never actually have the time to do the things you’ve always dreamed of. As an employee, this really can be an unanswerable problem; as an investor with money working for you, it’s much easier to keep your priorities in order.

Kiyosaki has been there. In his words, “Money is important, but I did not want to spend my life working for it.” When standing at this fork in the road, the wisdom that Kiyosaki gained from his time with his “Rich Dad” served him well.

He knew the secret to taking care of a family without having to devote one’s entire life to one’s work, and that secret is MN real estate investing.

It’s a simple principle; as an employee, you’re working for money, but an investor, money works for you. All you have to do to start out is take some of the money you’ve made as an employer and move it into real estate. This is all it takes to start paving the way to a bright financial future, in which your wealth is constantly growing without you having to lift a finger, leaving you free to live life and spend time with loved ones.

With real estate investing, you truly can have it both ways, making the money you would be making at a high-paying job (and more!) while your time remains free for… whatever you choose! Take care of your family, begin a new hobby, simply live life without stress and worry.