From addictedsuccess.com
Kim Kiyosaki’s Advice For A Successful Life
By Joel on August 9, 2013
The highly successful business woman and wife of Robert Kiyosaki, “Mrs. Kim Kiyosaki” shares her valuable advice for success in life and in the business world. Kim just jumped off her “Live Rich Dad Q&A Chat” to answer a handful of bugging questions from her followers and fans. Kim Kiyosaki started the Q&A with explaining the importance of finding communities of people with similar goals, passions and drive.
Here is some more golden advice from the beautiful and remarkably successful, Kim Kiyosaki.
Kim Kiyosaki’s Advice
1. How to present a deal to a lender or investor?
There is a rule that says “Money follows management.”
And there are 3 things that you have to keep in mind when bringing an offer to the table.
1. Project
You have to have a great project, what is the investment?
2. Partners
Who are your partners, who are the people who are going to make this happen?
3. Management
Experiences, have they done this type of investment before?
2. Staying away from the debt trap?
Good Debt: Buying a duplex rental property, putting down 15 – 25%, the money you borrow is good debt, after you pay off your loan you end up with cash-flow.
Bad Debt: When you are using money out of your own pocket.
Look for the investments with good cash flow. I would borrow money all day long if it will bring in good cash flow.
The trick is to always have someone else pay for your debt.
Read more >>
Kim Kiyosaki’s Advice For A Successful Life
By Joel on August 9, 2013
The highly successful business woman and wife of Robert Kiyosaki, “Mrs. Kim Kiyosaki” shares her valuable advice for success in life and in the business world. Kim just jumped off her “Live Rich Dad Q&A Chat” to answer a handful of bugging questions from her followers and fans. Kim Kiyosaki started the Q&A with explaining the importance of finding communities of people with similar goals, passions and drive.
Here is some more golden advice from the beautiful and remarkably successful, Kim Kiyosaki.
Kim Kiyosaki’s Advice
1. How to present a deal to a lender or investor?
There is a rule that says “Money follows management.”
And there are 3 things that you have to keep in mind when bringing an offer to the table.
1. Project
You have to have a great project, what is the investment?
2. Partners
Who are your partners, who are the people who are going to make this happen?
3. Management
Experiences, have they done this type of investment before?
2. Staying away from the debt trap?
Good Debt: Buying a duplex rental property, putting down 15 – 25%, the money you borrow is good debt, after you pay off your loan you end up with cash-flow.
Bad Debt: When you are using money out of your own pocket.
Look for the investments with good cash flow. I would borrow money all day long if it will bring in good cash flow.
The trick is to always have someone else pay for your debt.
Read more >>
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