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    The Six Basic Rules For Investing-Robert Kiyosaki

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    dchandra15
    The document outlines six basic rules for investing according to Robert Kiyosaki. Rule 1 states to know what kind of income you are investing for, such as ordinary, portfolio, or passive income. Rule 2 is to convert ordinary earned income into passive income. Rule 3 says the investor, not just the investment, can be risky if the investor lacks financial education. Rule 4 is to be prepared for any investment outcomes. Rule 5 notes that good investment deals will attract money. And Rule 6 is to learn to evaluate the risk and reward of different investments.

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    The Six Basic Rules For Investing-Robert Kiyosaki

    Uploaded by

    dchandra15
    3K views1 page
    The document outlines six basic rules for investing according to Robert Kiyosaki. Rule 1 states to know what kind of income you are investing for, such as ordinary, portfolio, or passive income. Rule 2 is to convert ordinary earned income into passive income. Rule 3 says the investor, not just the investment, can be risky if the investor lacks financial education. Rule 4 is to be prepared for any investment outcomes. Rule 5 notes that good investment deals will attract money. And Rule 6 is to learn to evaluate the risk and reward of different investments.

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    FINANCE and INVESTMENTS

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    The Six Basic Rules for Investing-Robert Kiyosaki

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    The document outlines six basic rules for investing according to Robert Kiyosaki. Rule 1 states to know what kind of income you are investing for, such as ordinary, portfolio, or passive income. Rule 2 is to convert ordinary earned income into passive income. Rule 3 says the investor, not just the investment, can be risky if the investor lacks financial education. Rule 4 is to be prepared for any investment outcomes. Rule 5 notes that good investment deals will attract money. And Rule 6 is to learn to evaluate the risk and reward of different investments.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    3K views1 page

    The Six Basic Rules For Investing-Robert Kiyosaki

    Uploaded by

    dchandra15
    The document outlines six basic rules for investing according to Robert Kiyosaki. Rule 1 states to know what kind of income you are investing for, such as ordinary, portfolio, or passive income. Rule 2 is to convert ordinary earned income into passive income. Rule 3 says the investor, not just the investment, can be risky if the investor lacks financial education. Rule 4 is to be prepared for any investment outcomes. Rule 5 notes that good investment deals will attract money. And Rule 6 is to learn to evaluate the risk and reward of different investments.

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    © All Rights Reserved
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    Download as doc, pdf, or txt
    of 1

    FINANCE AND INVESTMENTS

    The Six(6) Basic Rules for Investing-Robert Kiyosaki


    Regardless of how young or old you are, learning the basics of anything is important.People who
    play golf have most likely taken a golf fessing to learn the basics. I’m sure Michael Phelps took a
    swimming lesson before he became a world champion swimmer. Unfortunately, most people
    never learn the basics of investing before investing their hard-earned money

    Rule #1: Know what kind of income you’re investing for:

    Most people think only of making money. They don’t realize that there are different kinds of
    money to work for. For years, rich dad drilled into me that there are three kinds of income.
    Ordinary earned income, portfolio income, and passive income. Rich dad said, “If you want to be
    rich, work for passive income.”

    Rule #2: Convert ordinary income into passive income:

    Most people start their life out by making ordinary earned income as an employee. The path to
    building wealth then starts with understanding the types of income and then converting your
    earned income into other types of income as efficiently as possible.

    Rule #3: The investor is the asset or the liability:

    It’s not always the investment that’s risky, but the investor. As I stated earlier, with a lack of
    financial education, the investor is more likely to make costly mistakes that they might not have
    made if they were financially literate.

    Rule #4: Be prepared:

    Most people try to predict what and when things will happen. A true investor is prepared for
    anything to happen.

    Rule #5: Good deals attract money:

    One of my big concerns as a beginning investor was how I would raise money if I found a good
    deal. Getting money is the easy part. The hard part was finding the good deal.

    Rule #6: Learn to evaluate risk and reward:

    As you become a successful investor, you must learn to evaluate risk and reward.Investing is not
    the same as gambling. Gambling is blindly handing your money over to someone else to make
    your investment for you. Good cash flow investments are based on having a financial education.

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