All posts tagged: Robert T. Kiyosaki

Tips To Becoming A Landlord: How to get started with loans, interest rates, taxes and budgeting.

I want to thank my mom for sharing her story. She has come so far and built so much for her family growing from both her failures and triumphs. At 57 her and my dad have acquired 6 rental properties and sold a single family residence with the hope of retiring at 60. I am proud to offer up her wisdom and share it with any who will hear. Read on to learn about her tips to becoming a landlord including loans, interest rates, taxes and budgeting. In her own words… _____ “Don’t ever rent, you are throwing money out the window when you do. Buy.” – Louis Terrazas, 1900 – 1988 That was my father’s pearl and without realizing it, my first lesson in becoming a landlord. I saw it years later in our neighbors who were young newlyweds. They lived in their home for only two years and then rented it out. That was 18 years ago and we still have renters next door! We always said – wish we could do that. …

The Power of Financial Education

Unfair Advantage – Robert T. Kiyosaki The power of financial education My mother is a stay at home mom but has undertaken the challenge, what Kiyosaki calls to be, “financially free.” This all started with the expensive process of both her daughters going to college and wasting more money on dorms and renting apartments. She decided she no longer wanted to waste her money but to invest it. Instead of renting she would buy. At first she started with one and has now progressed to owning several more. This was a very smart decision because not only was this a college town where employment was steady but also where renters were only increasing in number. After this first dip she realized she wanted to dive into the real estate business. To further her education she has attended seminars and read many books one of which was Kiyosaki’s, Unfair Advantage- The Power of Financial Education. I will be very honest and say I have neither a financial education or a close understanding of this world’s economy. …