Robert Kiyosaki says that “money isn’t real, it is just an idea.” I do believe in what Kiyosaki claims. Money is just an idea. If you have an idea, you can create money! It’s as simple as that! Therefore, I definitely agree that knowledge is power!
Ideas can be turn into fortunes and that is why we have intellectual property rights to protect established brands, trademarks and ideas. Money comes from different ideas and concepts.
We are now living in the information age and it allows some individuals to get ridiculously rich from nothing more than ideas and agreements. Just ask people who trade stocks for a living. Ask people who are into full time blogging and search engine optimization. Personally, I have a friend who made more than $11,000 in one day through the internet! Can you imagine that?!
Today, it’s not at all out of the ordinary for millions to be made instantaneously out of nothing. By nothing, I mean no money was exchanged. You will be surprised about young people creating more money than you. . Deals are clinched with a hand signal in a trading pit, a blip on a trader’s screen, a call to a broker to buy and a second call a few moments later to sell. Money doesn’t change hands in these transactions—agreements do.
Kiyosaki told that there are three ways to create money:
Finding an opportunity that everyone else has missed. A lot of articles that I’ve read points out to the current recession as the right time for young investors who have a huge amount of cash to invest in assets such as stocks and real estate properties. Why? It’s because the value of these assets are considered distressed. If you are a young investor with a good amount of money to invest, then you have a lot of time before retirement and therefore you can ride the volatility of these investments.
The same thing as what happened to the friend of Kiyosaki. His friend bought a rundown house that nobody else wanted. He tore the house down, subdivided the property into five lots, and within two months sold the whole package to a builder for $75,000—three times what he’d paid for it.
Learning how to raise money. The average person only goes to the bank to deposit their hard earned money in savings accounts and time deposits. That’s what all they know to grow their money. But there are many ways to raise money that don’t require a bank. Let’s say you want to buy a piece of investment real estate but you don’t have the cash for a down payment. You might be able to take out an equity loan on your home, or obtain seller financing, or sell your idea to an “angel,” or form a group of investors to purchase the property. If there’s a will and a promising financial deal, there’s a way.
Working with knowledgeable people to help you reach your financial goals. This goes back to the advice about building a team. You don’t want to jump at every money-making opportunity, just the smart ones. Having a team of skilled advisors can help you quickly identify the good deals.
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