Amazon: Robert Kiyosaki/Rich Dad & Warren Buffett Recommended Books

These books are recommended by Warren Buffett is his letters to stock holders and by Robert Kiyosaki in his books, audio programs and seminars.”

Robert Kiyosaki/Rich Dad & Warren Buffett Recommended Books

  1. The Dollar Crisis: Causes, Consequences, Cures … by Richard Duncan
  2. The World Is Flat … : A Brief History of the Twenty-first Century by Thomas L. Friedman
  3. The Long Tail: Why the Future of Business … by Chris Anderson
  4. The 22 Immutable Laws of Branding by Al Ries
  5. The Millionaire Next Door by Thomas J. Stanley
  6. The New Buffettology by Mary Buffett
  7. The Intelligent Investor: The Definitive Book on Value Investing. … by Benjamin Graham
  8. The Smartest Guys in the Room: … Enron by Bethany McLean
  9. In an Uncertain World: … Wall Street to Washington by Robert Edward Rubin
  10. Bull: A History of the Boom and Bust, 1982-2004 by Maggie Mahar

This list was brought to you by Amazon and can be found here:
Robert Kiyosaki/Rich Dad & Warren Buffett Recommended Books

Tempest Freerunning – Los Angeles

Tempest Freerunning in Los Angeles had its Grand Opening this past Saturday, April 2, 2011. This gym and its athletes are solely dedicated to the growth and spread of freerunning and parkour. To get a better idea of what I’m talking about, check out the video below.

www.TempestAcademy.com
www.TempestFreerunning.com

Robert Kiyosaki on Investing (Part 2)

All information below is copied or inspired by Robert Kiyosaki. My thoughts are usually in italics.

Previous: Robert Kiyosaki on Investing (Part 1)
Next: Robert Kiyosaki on Investing (Part 3)

Financial Plan
Where am I now?
Where do I want to be?

Financial Advisor
Interview a few financial advisors.
Ask them what they can do to help you meet your long-term financial goals.

Financial Vocabulary
Adopt a financial vocabulary.
capitalization rates
financial leverage
EBIT
producer price index
profits
cash flow
Learn the vocabulary of finance, money, accounting, corporate law, taxation, investing.

CASHFLOW® 101 Board Game

Discipline:
All you have to do is know what you want, have a plan, and stick to it.

Don’t talk to anyone for a while. Other people inevitably influence us and sometimes discourage us. Give yourself some space and ask yourself truthfully.
What do I want from this gift called my life?

Next: Robert Kiyosaki on Investing (Part 3)

Robert Kiyosaki books that I’ve enjoyed:
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not!
Rich Dad’s CASHFLOW Quadrant: Rich Dad’s Guide to Financial Freedom
Rich Dad’s Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!

Check out www.richdad.com for more information and free wealth-building resources.

Robert Kiyosaki on Investing (Part 1)

Robert Kiyosaki‘s books are “meant to be more of a motivational tool to get readers thinking about money, rather than a step-by-step guide to wealth.” (Wiki) In my opinion, this first illuminating step is a requirement for any successful journey. I’m currently reading Rich Dad’s Guide to Investing and have shared some of my initial notes and ideas below.

Robert Kiyosaki on Investing (Part 1)
All information below is copied or inspired by Robert Kiyosaki. My thoughts are usually in italics. Continue reading Robert Kiyosaki on Investing (Part 1)

10 Dying U.S. Industries

Three Primary Contributing Factors:
1. New technology
2. Foreign competition
3. Industry Stagnation

10 Dying Industries:
1. 77.1% Apparel Manufacturing
2. 76.3% Record Stores
3. 73.7% Manufactured Home Dealers
4. 69.1% Photofinishing
5. 54.9% Wired Telecommunications Carriers
6. 50.2% Mills
7. 35.9% Newspaper Publishing
8. 35.7% DVD, Game & Video Rental
9. 35% Formal Wear and Costume Rental
10. Video Postproduction Services
Ranking is based on percentage decrease in revenue from 2000 to 2010.

Slideshow and Full Story:
The Huffington Post: 10 Dying U.S. Industries: IBISWorld

Time To Get Rich

There’s many unlikely ways to get rich but we want guaranteed success. Using simple language, how can I get rich?

Getting a college education and a good job will never make you rich. I’m not channeling new age rich-is-love-not-money propaganda; I’m telling you how it is. Working for money will never carry you beyond the middle class.

The rich (who earned theirs) are financially literate, own businesses and assets, and are shrewd investors. Note, to own a business is not to run one (manage) or even start one (entrepreneurship). In other posts I will discuss financial literacy (as I develop mine), owning businesses and assets (as I develop mine), but I will speak to investing below.

How can I get anything I want?
Let’s extend this request to how you can get anything you want. This is not far-fetched or improbable; it just takes time and effort. Thanks to our inevitable fast approaching deaths, time is our greatest asset. It should be your primary currency when considering anything in life; money is only as good as the time it allows you to spend the way you wish. If you wish for the life of a vagrant or cave man, waste no more time here; strap on your Vibram Five Fingers and head for the hills. If you think instead you’d like to travel first class on any airline on any day or time to anywhere in the world to any of your dozen penthouse suites to spend time with any of your millions of admirers, thousands of friends and hundreds of best friends or have a mansion in the middle of central park with a roller coaster that takes you to D.C. in 2 minutes flat, or a house on the moon… then start investing your time.

Where do I start?
You should start by reading this blog, and don’t ever stop. Get educated. Read Rich Dad Poor Dad and The 4-Hour Workweek and dive in. Learn how to read financial statements and start investing now; get in the game. Take classes in accounting, finance and investing, business and real estate. Find mentors and establish a team. Develop an abundance philosophy and an eye for opportunity. Live the life you dream.

“Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure.” – Marianne Williamson

Our deepest fear…

“Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light, not our darkness, that most frightens us. We ask ourselves, who am I to be brilliant, gorgeous, talented, and fabulous? Actually, who are you not to be? You are a child of God. Your playing small doesn’t serve the world. There’s nothing enlightened about shrinking so that other people won’t feel insecure around you. We are all meant to shine, as children do. We are born to make manifest the glory of God that is within us. It’s not just in some of us, it’s in everyone. And as we let our own light shine, we unconsciously give other people permission to do the same. As we are liberated from our own fear, our presence automatically liberates others.” – Marianne Williamson

Continue reading Our deepest fear…

Ultra Marathon Man by Dean Karnazes

Ultra Marathon Man: Confessions of an All-Night Runner
By: Dean Karnazes

“The cross-country guys hung out in late-night coffee shops and read books by Kafka and Kerouac. They rarely talked about running; it was just something they did.”

“Disillusioned with the trappings of the corporate scene, the things that really mattered – friendship and exploration, personal expansion and a sense of meaning – had gotten all twisted around making a lot of money and buying stuff. I hungered for a place where I could explore nature and my capabilities, away from a corporate office in a corporate building in a big city with crowded supermalls and people judging me by the car I drove.”

“Focusing on work in the afternoon became increasingly difficult because I couldn’t wait to head off for a run.”

Note: See page 72 for an absurd Course Profile comparison between Boston Marathon and the devastating Heartbreak Hill versus the Western States 100-Mile Endurance Run.

“Thoreau once said that a man’s riches are based on what he can do without.”

“Soon I began experiencing the effects of the high altitude. My head grew light, and the surrounding scenery started to look dreamlike and distant. My fingers swelled so that I had difficulty opening and closing my hands.”

“I washed down a handful of pretzels with some Cytomax, an electrolyte replacement and lactic-acid-buffering solution popular with endurance athletes.”

“It’s called nyctalopia, or night blindness. It can be caused by lowered blood pressure or exposure to bright light during the day. The body’s capacity to produce a chemical compound called rhodopsin, or visual purple, which is necessary for the perception of objects in dim light, is temporarily impaired.”

“Most dreams die a slow death. They’re conceived in a moment of passion, with the prospect of endless possibility, but often languish and are not pursued with the same heartfelt intensity as when first born. Slowly, subtly, a dream becomes elusive and ephemeral.”

“Outdoor World Championships, a week-long, multi-sport event that included trail running, mountain biking, windsurfing, climbing, and a triathlon.”

“Beyond running 80 to 120 miles per week, along with mountain biking, surfing, and windsurfing regularly, my routine consists of 200 push-ups, 50 pull-ups, and 400 sit-ups – twice a day.”

“Often I find myself living on four hours of a sleep a night for weeks on end, trying to keep the dynamics of family, work, and running in balance. Forgoing sleep is the only way I’ve figured out how to fit it all in.”

“Running has taught me that the pursuit of a passion matters more than the passion itself. Immerse yourself in something deeply and with heartfelt intensity – continually improve, never give up – this is fulfillment, this is success.”

“As a running buddy once said to me: Life is not a journey to the grave with the intention of arriving safely in a pretty and well-preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming: “WOW!! what a ride!”

Left Brain and Right Brain

This ad for Mercedes Benz beautifully depicts the left and right hemispheres of the human brain and masterfully communicates the contrasting roles they play to create the dynamic, beautiful world that we are lucky to be a part of, each and every day.

In case the ad is moved, I’m hosting it here.