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When it comes to subjects concerning how to get rich, we tend to think about things like business building, hot investment tips, multi – level marketing, panning for gold in the Yukon, etc…  The practice of saving to get rich isn’t the sexiest.  But statistics show it’s one of the most surefire ways to do so.  It’s slow and boring, but you will surely get there as long as you stick with it.

One of the first personal development books I’ve ever read was “Rich Dad, Poor Dad” by Robert Kiyosaki.  One of the biggest ideas the author wanted to instill in his readers was the concept of paying yourself first.  I went on to see that trend in many financial self help books that I read after that.  You may not know it yet, but by the end of this document you will feel satisfied, as you learn how to make yourself rich by paying yourself first.

How much to pay yourself.

The standard amount to pay yourself is 10%.  Statistically, this general number is enough for most people to make themselves financially well off over time.  To illustrate, if you work for an hour and you’d be making 0 per paycheck; which translates into putting away of that paycheck on a regular basis.

Everyone can live off of 90% of their income.

It may take some adjustments to get to the point where you’re living off of that amount, but it can be easily done.  Having a clear budget or spending plan will help with this.  The better you can track your money, the more money you will realize that you can free up.  For instance, many people don’t realize how much they’re spending by purchasing lunch at work.


Take this as an example.  Bill buys a meal at work every day.  That habit can go on to cost him per week.  Or you can look at it as every two weeks.  That’s plenty of money that you can be putting towards your savings.  If you put that amount away at 10% yearly compound interest, you’ll save ,476.35 in just 5 years!  That supersized burger and fries you’re stuffing your face with truly worth it?

Using the magic of compound interest.

Once of the best quotes I’ve heard about compound interest came from Albert Einstein.  He said it’s “one of the most powerful force in the universe.”  Compound interest works like a snowball, it builds on itself and builds faster as it gets bigger.  Interest gets added on top of interest already accrued.  When it comes to any sort of investing, this is one of the most basic things that people need to understand.

Make it automatic.

To make the habit of paying yourself first easier to stick to; take yourself and will power out of it.  Most jobs employ a direct deposit system set up that lets you split your paycheck between different accounts.  You should set it up so that 10% of your income goes directly into a savings or money market account.  If you’re a business owner or self employed, then you should work that into your accounting process.

Make sure it’s pre-taxed income.

When you put away 10% of your income, ensure that the amount of what you put away gets taken off of your gross income (amount of income before taxes).  If you take off your net income (amount of income after taxes) you will only cheat yourself.

Don’t make it liquid.

Generally, human will power isn’t known to be the strongest.  So taking will power out of the equation as much as possible is usually the route I like to coach people to go with.  Try to keep your money in some sort of account or investment vehicle that carries a penalty on withdrawals.   When temptation comes around to push you backwards, it’ll make you think twice before you do damage to all the hard work you put into your savings.

There’s an old Zen proverb that I like.  It goes like this, “When is the best time to plant a tree?  Twenty years ago.  When’s the second best time?  Now!”  The best time to start paying yourself was probably as soon as you started earning any money at all.  But that shouldn’t stop you from ever starting.  You’ll be amazed of how fast compound interest will grow your money.  The earlier you get started the better.  So put away 10 cents when you make your next dollar.


Jeff Balagosa is the chief writer for the “Prosperity Online Resource”:  Powerful FREE resources that will help you create prosperity in all areas of your life.

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It’s not procrastination. You are more than ready to start your book. How does one start, you may ask? You may just need a simple plan to get started writing your book. Here’s ten tips to JUMPSTART writing your first book to completion:

1. Find your target audience.

When you give your book a target, it will hit the mark of good sales. To be honest, not everyone will be interested in your book. When you target one audience at a time, each tip, each story or how-to will be more effective. Aim your message and you will have a competitive edge on many book writers. Create an audience profile.

Are your potential readers male or female? How old are they? Are they interested in self-help, mystery, romance, how-to books? What problems do they face? Are they business people or professionals? Are they techies or non-techies? Are they willing to spend -30 on your book?

2. Examine your book’s significance.

Many writers tremble in their tracks with fear that their book won’t sell. Don’t be afraid. Your book is significant if its presents useful information, answers important readers questions, and impacts people for the good. If it’s entertaining or humorous it could go further than you imagined.


It creates a deeper understanding of humanity, animals or this world. With one to three of these elements your book is worth writing. More than three, it has potential of making great sales even to best seller status. Go ahead, write your book and make the world a better place.

3. Develop your book’s working title.

In the literary world it’s called a working title for everyone knows it may change. You may decide to change it or your publisher. Even so, working titles help direct and focus your writing. Some non-fiction writing does better with subtitles. If needed, it clarifies the title. Obscure titles will miss the mark and sales.

Which titles grab you and stir a desire to read what the author has to say: Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money – That the Poor and Middle Class Do Not! or How to Teach Others About Money; How to Win Friends and Influence People! or How to Make Friends.

4. Write your book’s thesis.

A thesis reflects the main central thought and greatest benefit of your book. It should answer your audiences’ question, “How will this book solve my problem of? Writing the thesis before you write the book will keep you on the path of focused, powerful yet easy to read content.

All chapters support your book’s main concept. For “Win with the Writer Inside,” the thesis is “How to write, complete, and publish your best book fast.” The best titles often include the thesis statement in some form.

5. Design your book’s 60 second “Poster” before writing chapter 1.

Make your 2-3 sentence blurb into a sound byte. Like a hallway poster that you only have a few seconds to read, you condense your sound byte message into a 60 second blurb to tell and sell.

Use your poster board at networking meeting, in the elevator, in the grocery line, anywhere you only have a few seconds to tell about your book. Composing your poster board should include your title, 3 top benefits and compare your book with a successful book in your field.

Writing a book is a journey. Most journeys go so much smoother with a map or travel plan. Taking the simple steps above will get you started and keep you going to completion. Start today then complete and release your significant message to the world. Write your first book and prosper!

Earma Brown, 11 year author and business owner
helps small business owners and writers who want to write their best book now! Earma mentors other writers and business professionals through her bi-monthly ezine “iScribe.” Send any email to for free 7 lesson mini-course “Jumpstart Writing Your Book” or visit her at

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The First Complete Guide to Minecraft: Minecraft Survival Guide
This is the First Complete Guide for Minecraft. Written by Wolv21 and UncleGodFather (known Minecrafters). This will give you every ounce of information about Minecraft and how to survive and build. Every crafting recipe,every mob and everything Minecraft
The First Complete Guide to Minecraft: Minecraft Survival Guide

The Travel Secrets Guide.
Just Using One Of The Secrets In The Travel Secrets Guide Could Save You Hundreds, Even Thousands, On Your Next Trip Or Vacation.
The Travel Secrets Guide.

A few increase your financial iq products I can recommend:

How to Buy and Manage Your First Rental Property.
Written for the beginner but has many useful ideas, forms and information for the experienced landlord. Ideal for Canada and U.s. but applies to any English speaking country. A step by step guide to increase your wealth through real estate.
How to Buy and Manage Your First Rental Property.

My First Spoken Words – Animals (Smart Kids Talking Books)

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Helps children learn to say their first basic words as they open each page. The sound chip will tell the child what animal is pictured on each page, and the child will repeat the word, speaking some of his or her first words. The pages are individually wired, so a new animal sound will be heard on each page.

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You decide to take the plunge and buy your first property. You scour newspapers, websites and local realtors looking. After weeks of searching, you’ve found the perfect property with which to begin your investing career, or have you?

Have you done the due diligence necessary to minimize your risk or have you found a property that will keep you awake at night?

How will you avoid the 5 common mistakes that novice investors make when buying their first property?

Forewarned is forearmed. The first thing to know is what those mistakes are and how to avoid them. When I bought my first investment property, I made them all. I held onto that first property for 4 years, never made a dime and sold it at a loss when the expenses of sale were factored in. As I sat crying in my coffee after the close, my mentor said to me, “kid how much was a year of college?” When I told him, he replied, “for the cost of a year of college, you got an education.”

Mistake number 1: Looking at a potential property as though you were going to live in it. Real-estate investing is a business and should be looked at that way. In my opinion your only real obligation is to provide safe-decent housing to your tenants. You will have to decide before you buy whether you will be investing in low, middle or high income properties. Part of that equation is not whether or not you would want to live there, but rather whether or not you would feel comfortable owning a property with a certain set of characteristics. My first rental property was a tri-plex. This particular tri-plex had a 1200 square-foot owner’s unit. I envisioned wanting to stay there periodically when I travelled through town. With that mindset it became very difficult to rent that unit and half of the income that the building earned was tied to that unit. I could pay the property’s bills as long as that unit was rented, if it was vacant, I couldn’t pay any of them. By seeing myself living in a unit, I tended to make decisions that cost me money and made little business sense in terms of enhancing cashflow or tenant retention.

Mistake number 2: Failing to understand the investing formulas before you buy. Believe it or not, there are some simple formulas to remember when you are looking at a property. Look at properties with even numbers of units with the minimum number being 4. This means that you look at 4 plexes, 6 plexes, 8 plexes on up. Here is why. With a 4-plex, the basic formula is 2 units cover the mortgage, the third covers expenses and the 4th goes in your pocket. With an 8 plex it is 4 units cover the mortgage, 2 cover expenses and 2 go in your pocket. With a 6 plex, 3 units cover the mortgage, 2 cover expenses and the 6th goes in your pocket. With these basic formulas in your head, you can rule out certain properties or know right away what your margin for error is before you have negative cashflow. When I applied for the mortgage on my first property, a tri-plex, the mortgage broker, himself an investor, tried to explain these formulas to me. His explanation went in one ear and out the other because I had already made Mistake Number 1. Another basic but indispensable formula is this: properties are basically worth 10 times their monthly cashflow and you want to purchase at a discount to that cashflow. I shoot for 20%.

Mistake number 3: Not insisting on current income data from the seller. You can and should make financial disclosure from the seller, part of your purchase and sales agreement. They are not obligated to produce the data any other way and you could be walking into a pit of despair without it. As a teacher of mine once said, “a seller may lie to you, but they won’t lie to the IRS.” At minimum you should ask for rent rolls, schedule E’s and current leases. Tax and utility data are also available online so that you can get a real picture of the expenses on the property.

Mistake number 4: Inspecting the property without an inspector. Understand that the inspection report goes to the person who paid for the inspection. You always want to cover that expense. One mistake that investors make is that they buy a property sight-unseen and are surprised after the close that the property is a pit. One other common mistake and the one that I made is walking through a property then having an inspector go through at a later time. I did it to save money. I mean why hire an inspector if I am ultimately not going to buy a property? While preparing this article, I went back and looked over those inspection reports. There were red flags all over it but because I wasn’t there when the inspector reviewed the property and because I didn’t arrange the inspection, those red flags got lost in translation. The end result for me? Two new coolers at 800 dollars each and a new roof at 4200 dollars all within the first year of ownership.

Mistake number 5: Not interviewing your property manager. Your property manager is part of your wealth-building team. Unfortunately there is significant turn over among property managers A good property manager will never make a bad property turn a profit, but a marginal or poor property manager can ruin the income prospects for a break even or positive cashflow property. Some of the things your should look for: references, total units under management, in-house maintenance staff and the hourly rate they charge, average length of time property owners remain with the company, time to turn over a property, time to evict a tenant (not what the law says, but how long does it take the property manager you are considering to evict a tenant, fix up and re-rent a unit?), up-front property management fees and figure those into your cashflow projections.

There are, of course, other mistakes you can make when buying rental property but these are the doozies. If you can avoid these, you may survive your first few properties to make real money and create real wealth in real-estate.

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