Letter About Completed Volunteer

Rich Woman "Financial Independence" - continued

I once again go back to the book "Rich Woman" Kim Kiyoskai. One of the chapters devoted to Kim explain what "financial independence". This is not a well-paid position or set aside a large sum of money.

A utorka says that most of the knowledge they have is the result of what he taught her to her husband Robert. He taught her by talking about the rich and the poor father. Poor father is his biological father-educated director of the department of education in the state of Hawaii. It is called so because, regardless of how many would not have earned, at the end of the month he has always lacked money. Rich Dad is a friend of Robert's father - an ordinary man who built an empire of real estate in Hawaii. It is surprising that his property has won with almost opposite ways to recommend that "experts from the finance! It was enough to give him some time, education and common sense. Thus, Kim presents a definition and principles of action, which have led to financial independence. These are the same, whose rich father has learned Robert.

"My principles of"

K buys them and creates an asset that generates its cash flow. Cash flow cover their living costs. If the monthly cash flow is equal to or greater than the monthly cost of living then it is financially independent. No longer needs to work for money. It is free in financial terms, because its assets constitute cash flow and work for her.

Is not it obvious? And what a wonderful :):):)

"What are assets?"

"A ktywa - if you stop working - this is something that puts money in your pocket." This translation of a rich father. Very simple. Because if you stop now to go to work then how would you have the money? ..... Just that - out of nowhere. Not would you have them.

A ktywa for example, real estate for rent, businesses, stocks. This must be an investment from which you regularly receive money, which generates a positive cash flow.

P asywa is, according to a wealthy father, something that takes money out of your pocket. When you stop working, your car payments and everything else wyjmowałyby money from your pocket. So most importantly, to learn to distinguish assets from liabilities. Liabilities take your money, assets create positive cash flow.

nwestować I can for two reasons - to obtain the cash flow or capital gain. A one-time capital gain income. To realize a capital gain you need to sell your investment or asset. Flow pieniężny otrzymujesz tak długo, jak jesteś właścicielem danych aktywów, gdy je sprzedasz, kończy się przepływ pieniężny. Uzyskany w ten sposób dochód jest zyskiem kapitałowym.

K im pisze, że niezależność finansowa to dla niej WOLNOŚĆ. Jest wolna i może robić, co chce. Nie istotne czy będzie to życie pełne relaksu czy kolejna biznesowa przygoda. Ma wybór, bo jest wolna finansowo. Ma wybór, bo nie musi pracować na pieniądze. Jest wolna, bo ma czas. I rzeczywiście jest to JEJ CZAS.

T ak długo jak MUSISZ pracować, nie jesteś wolna. You may want to work, but it is something entirely different than having to earn money. If you MUST be doing something every day, to have money, you're not free. Cash flow is the money every month - no matter whether you work or not.

G main purpose is a situation in which more money than you affect flows in the form of cost of living. I need to purchase and create assets that generate a cash flow, which do not have to work. This is how the assets.

D la Who gains the advantage in a Supporting Role. Because once you get the money you spend and where they need to deal with another investment. Again, something you buy and sell again. Money is spent and again so you're never really free. So she and her husband decided to buy and build assets that will cover their monthly living expenses. The good side of such a plan is that you do not need a huge sum of money.

K explained to them that it focuses on two things when investing. On the cash flow and return on investment (ROI)

"What is the return on investment?"

with gates of the investment is nothing but the return on your money invested. This is the amount that brings you money, which zainwestowałaś. How much money flows into my pocket. The annual cash flow divided by the sum of money invested, it is the return on invested money.

D roga, which went Kim led her to financial independence. This is not anything complicated. Kim says that this is a simple way, but not necessarily easy. For everything takes time and skill. You can not succeed in one day. But Kim ensures that when you see your cash flow will cease to be anything complicated, and will be good fun.

J f so this is a simple way - which prevents you from taking action? What excuse do you have? Do not have time? You can not invest? Not familiar with this? Nonsense. I also thought that. It turns out that I could find the time that I can learn it all. It was enough just to find the reason why I want to do it. I want to be free and happy. I want to be financially independent. And I always have a choice.

Yours

Magdalena Batorowicz

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Butterfly Effect

"Every time you blink, move the stars."

Emerson

Edward Lorenz started it about a half-century ago.

Source - wikipedia http://pl.wikipedia.org/wiki/Edward_Lorenz

In 1963 he built the Lorenz equations describing the atmospheric phenomena that have proved that small change in one of the points of the atmosphere can cause great changes in its other areas. He said then that even a butterfly flapping its wings in Singapore can cause a storm over North Carolina in the USA. Since then, the fact that a very small disturbance can lead to a result of revolutionary changes in the various fields of science, commonly called the " butterfly effect ."

to very similar conclusions reached by W. Edwards Deming. He created a "movement for quality control." It played such an important role in the history of the newspaper, U.S. News & World Report considers it one of the "hidden nine turning points of history." After more than 50 years of surveys, it held that every process has a beginning and an end. Focusing on the initial process and ensuring its proper course, you can guarantee at least 85% of the desired results. If we take the initial 15 percent of anything, the remaining 85 percent will be effortless.

Source - "The One Minute Millionaire Mark Victor Hansen, Robert G. Allen

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power of thought.

Until now, only I wrote on this blog. I would like to fulfill is there any discussion on "The Power of Thought."

Does the thought is the driving force behind?
Does the thought is some kind of energy?

Looking more closely we too are pure energy, because it is composed of molecules and atoms and one of the atoms is the energy.

Is shaping thought, that is, sending energy can physically affect the atoms of some other solid state?


encourage discussion on a subject, according to me you can pull a lot of interesting thoughts.

Yours
Michael Batorowicz

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Tournament CASHFLOW


On Saturday 14 July 2007 was the biggest tournament in Europe Cashflow. The meeting took place at the Warsaw Hilton hotel. Total number of participants exceeded 500.
Special guests were Robert and Kim Kiyosaki.

fact before the tournament in the game Cashflow, I played only once and did not expect to win. However, I am pleased with the tournament. It's a pleasant feeling to see live the man who caused a big change in my thinking.

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How to convince someone that took care of your financial future?

On this question there is no one simple answer. Sometimes I struggled with this problem. How do you convince someone, and does not go out for offenders. This is even more difficult, because in Poland there is still about money reluctantly moved in among friends.

Robert Kiyosaki in his book "He takes your money?" in one of the chapters wrote:

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Largest Americans fear

During one of my talks a young woman raised her hand and asked:
- Why ultrahigh gains are so important? Why can not become rich slowly? And why even have the money so important? Is being happy is more important?
Every time I talk about money and becoming rich, always in the audience will be someone with the attitude that I call a cynical attitude is based on the notion, "money is not important." This time I was prepared. I smiled and gave article daily USA Today. newspaper conducted a survey and found that "vision is depleted Money calls the biggest fear among Americans. "Their main concern is not cancer, crime, or nuclear war. New greatest fear is their vision of the exhaustion of money when they are no longer in the elderly. We also fear a long life without money. Most Americans think realize that the social security system and national health insurance might not even survive until they will need assistance in old age.

I let the young woman to read the article group, and I did at the time I wrote on the blackboard "financial game". Below I drew the following diagram:

Once faded the last words of the article, I asked:
- Did you know that by the end of 2010, 78 million Americans over 65 years or more? One in three has no retirement plan.
- I've heard about it. But why do you call a game?
I took a breath, I pointed to the column "Age" on the blackboard and said:
- The game is often divided into fourths. For example, a professional American football game played is a 15-minute quart. Many people leave school at the age of about 25 years and plans to retire, with 65. This means that the financial game that we play, it takes 40 years, or one quart to 10 years. We hope that during those 40 years and postpone earn enough money for retirement. I was able to get out of this game at the beginning of the third quarter, at the age of 47 years. My wife Kim won in his game, taking 37 years, just after the first quarter. Do you understand what I mean by this game?
young woman shook her head yes, the whole time clutching a USA Today article.
- And if you do not have enough money and work over 65 age, it is you call "overtime" - ensured.
- That's right. Actually, it could help them to leave for good, since the work makes them healthier. The difference, however, is that if they have, or want to work.
- A "end time" means that although we live in, is we are no longer physically able to work.
- That's right - I said, beckoning her head. - Could you tell me - not giving me his age - in Which Quarter Financial
you play now and if you still find your game, whether you have won it? - I asked.
- I can tell you how old I was. I am 32 years old, which puts me in the first
Quarter of your financial game.
After a pause she said:
- And much to my victory. I'm mired in debt related to student loan, with payments for the house, a car, taxes, and ordinary everyday life. This will take a greater part of my earnings.
let to her words echoed through the hall. After a long silence, I began to speak:
- Thank you for honesty. And if you started the fourth quart - would you say 55 years-and you just lost a lot of money in the stock market, whether it would be Mrs. afford long-term investing? Can you afford for the next downturn in the market? Can you work and wait for your money while zarabiałyby less than 10% per year?
- No - I heard in response.
- Do you understand now why it is important to have enough money, and why increasing their financial intelligence and generate more profits in less time with less the risk is so important?
confirmed nod.
To forcefully present my idea, I asked:
- Are you now is clear why conditionality of its financial future on fluctuations in the securities market does not make sense? Do you understand now why the transfer of your money to strangers who try to guess what actions are good and which bad, is not a wise action? Does it make any sense to work hard and with age to pay ever higher taxes, to then realize that nothing we have not been the heavily overworked life?
- No - replied.
Knowing that I understand why taking control over their own money in order to achieve higher profits is important, I added quietly:
- And do you understand why the greatest fear of Americans is the vision of the exhaustion of money when they are no longer in the elderly?
- Yes - admitted in a trembling voice. - My parents are terrified that a few years they will have to live with me. Also in this fear. I love them very much, I'm an only child. I have a husband and three children. I wonder how we can afford to maintain our family and my parents when they get old, and still put something on their children's education and our retirement?

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After reading this chapter is certainly easier convince anyone that already ensure our future is extremely important.