In April 2009 I wrote a blog about the new book of Robert T. Kiyosaki, The Conspiracy Of The Rich, The Eight New Rules Of Money. I promised to keep you posted so here I am again.
According to Kiyosaki the eight new rules are:
1. Money is knowledge.
2. Learn how to use (good) debt.
3. Learn how to control cash flow.
4. Prepare for bad times and you will only know good times.
5. The need of speed.
6. learn the language of money.
7. Life is a teamsport, choose your team carefully.
8. Since money is becoming worthless and less learn how to print your own.
Why is he so keen on sharing this knowledge with us? Kiyosaki through his study is convinced that rich people play the money game by a different set of rules then others do and I agree with him. So if you want to be rich, meaning experiencing a rich life in every sense of the way, it is nice for a moment to stand stil and think about what he has to say.
In the next blogs I am going to put some light on this. So money is knowlegde. What does he mean by this. What he says is that to make money today you don’t need money, you need knowlegde. Knowlegde about how money works and this is what we are lacking in the information age, since our schoolsystems have been designed and controlled by the rich to train people into good employees, dumming them down, so they won’t think for themselves.
When we play his game, cash flow game, we can see that rich people play by a different set of rules then poor and middle class people. Rich people have learned to invest their money to create regular cash flow, rather then capital gains.They go on investing and creating cash flow untill they are able to pay their costs from their cash flow coming from investments rather then from work and then they are financially free. They let their money work for them. They train themselves to be successful in this game. It is not that they don’t like capital gains and it is not their priority.
One of the advantages of regular cash flow coming from investments is that it makes us immune for volatility. So whether the market goes up or down we don’t care anymore.
Next blog on the second rule.
What do you think? Is it important to take responsibilty for ourselves and our succes in life and learn something about this new set of rules?
