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Best Real Estate Business Strategy for 2019 | Robert Kiyosaki

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Best Real Estate Business Strategy for 2019 | Robert Kiyosaki 1
Best Real Estate Business Strategy for 2019 | Robert Kiyosaki 2
Every business has to have a plan. Your real estate investing business is no different. A strategy is simply a systematic plan of action designed to accomplish specific goals.
 There are seven simple steps to creating a successful strategy.

Step 1: Imagine. 

Best Real Estate Business Strategy for 2019 | Robert Kiyosaki 3
Imagination of success


Begin your strategy with goals. Imagine where you would like your real estate investing to take you. It may be a white sand beach in the Caribbean, unlimited time with your family, or working for your favorite charity. My favorite places in the world are Hauwai’i, France, Arizona, and Park City, Utah. So my dream is to own a house in each of these locations.
Don’t be afraid of being too aggressive. These are your dreams, after all, not some number that is artificially imposed by a financial advisor. Our clients frequently have dreams of financial freedom in as few as five to ten years. And with a good strategy in place, anyone can be financially free in less than ten years if they just start by applying these few basic business principles to their real estate investing.
So far, after six years of investing, I now have houses in Hawai’i, Arizona, and Park City. France is on the agenda for next year. Pretty aggressive goals, but I have been able to reach them in six short years by applying basic business principles to my real estate and business.

Step 2: Financial Goals.. 

Best Real Estate Business Strategy for 2019 | Robert Kiyosaki 4
Business Goals 
Determine what it will take to realize these dreams in terms of wealth and cash flow. And commit to a date for accomplishing this goal. Then write down what
you currently have available in terms of investable assets less the liabilities. This is your current wealth (also called net worth).

Step 3: Cash Flow Target

Best Real Estate Business Strategy for 2019 | Robert Kiyosaki 5
Cash Flow 
Of course, you will need to figure out the amount of wealth that it will take in order to create your desired cash flow. A simple rule of thumb for calculating this number is to multiply your desired cash flow by twenty. For me, I needed
$5 million in order to create an after-tax cash flow of $250,000 each year.

Step 4: Current Wealth

Best Real Estate Business Strategy for 2019 | Robert Kiyosaki 6
Wealth


Once you have your dream firmly in mind, the next step is to identify where you are today. When considering where you are today, list only your real assets, that is, those that are available to invest. Don’t list your car or your jewelry. But do list the amount of equity in your home if it can be made available for investing  through a home equity loan. Here is an example of what I mean:
Best Real Estate Business Strategy for 2019 | Robert Kiyosaki 7
These first four steps are the essence of a process referred to as “dreamlining,” and I will use a simple illustration to show you what I mean. Here is what
my dream line looked like when I first met Robert and started down my road to
financial freedom.
Best Real Estate Business Strategy for 2019 | Robert Kiyosaki 8

Step 5: Vision, Mission, and Values

Best Real Estate Business Strategy for 2019 | Robert Kiyosaki 9
Vision and Mission


After you have your dreamline in place, you can make a plan to reach those
dreams. This plan should include your vision, mission and values, the type of hi
real estate you will specialize in buying, and the criteria you use for choosing
your real estate investments.
Best Real Estate Business Strategy for 2019 | Robert Kiyosaki 10
At this point, you may be wondering if I have truly lost my mind. After all, aren’t vision, mission, and value statements only for true businesses? Exactly!
And your real estate investments are a true business. At least they should be if you are going to reach your dreams in the shortest amount of time possible and with the least amount of work.
When creating your vision, remember that this represents your focus for the future, that is, what you want your life to look like when everything is in place. Your mission is simply a statement of how you are going to go about your investing business. And your values are the values that you insist everyone you work with in real estate share with you.

Step 6: Investment Niche

Best Real Estate Business Strategy for 2019 | Robert Kiyosaki 11
Real Estate


Once you have your vision, mission, and values in place, you can begin looking at what type of real estate makes sense for you. Every successful business owner knows that you are always most successful when you focus your attention on something you enjoy doing and for which you have a natural ability.
 At my company, ProVision, we have a variety of tools we use to help people figure out which type of real estate they will enjoy the most—multifamily, commercial, industrial, raw land or single-family homes. My personal investment niche remains highly appreciating single-family homes.


Step 7: Criteria.


Best Real Estate Business Strategy for 2019 | Robert Kiyosaki 12
Business Staff


The final step in your strategy—determining your investment criteria—is some�thing that few people take time to do. And yet, if you can determine your investment criteria as part of your strategy, you can avoid a lot of headaches, stress, and wasted time. You can also avoid making costly mistakes. And you will save a considerable amount of time and energy, enabling you to focus on only those investments that meet your criteria. As an example, here are my personal investment criteria:
Best Real Estate Business Strategy for 2019 | Robert Kiyosaki 13
You may be asking why you need to spend so much time and effort developing a strategy. We teach our Provision clients about the importance of strategy by playing CASHFLOW 101® with them in a very specific way. If you have played the game, you realize that, on average, it will take two and a half hours. We instruct ur clients that their team (the players at their table) must spend the first thirty minutes developing a strategy to win the game.
This strategy includes the type of assets they will invest in and their criteria for investing. All members of their team, though playing as individuals, must follow the strategy precisely.
The result is astonishing. Each player gets out of the Rat Race and wins the game in less than two hours. So even though they have spent an enormous percentage of their allotted time developing their strategy (roughly 20 percent), they finish substantially earlier than they would have without their strategy. This happens every  time, so long as each team member adheres to the strategy

Also check on 6 Golden rules of wealth creation to finance your real estate busines

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13 Comments

13 Comments

  1. queen nwakudu

    January 2, 2019 at 4:01 pm

    This is quite amazing and strategic,best strategy ,am surely going to employ it ,,,thanks for this

  2. Mitrobe

    January 2, 2019 at 4:37 pm

    We are grateful

  3. Anonymous

    March 26, 2019 at 3:31 am

    Ucuz Kitap Nasıl Alınır 2016 En Çok Okunan Kitapları

  4. BURHAN

    March 26, 2019 at 3:31 am

    This is my first time i visit here. I found so many interesting stuff in your blog especially its discussion. From the tons of comments on your articles, I guess I am not the only one having all the enjoyment here! keep up the good work property market malta

  5. razzaq

    March 26, 2019 at 3:31 am

    I high appreciate this post. It’s hard to find the good from the bad sometimes, but I think you’ve nailed it! would you mind updating your blog with more information? photo editing for real estate photography

  6. Unknown

    March 26, 2019 at 3:31 am

    very interesting post.this is my first time visit here.i found so many interesting stuff in your blog especially its discussion..thanks for the post! Beauty

  7. Anonymous

    March 26, 2019 at 3:31 am

    I've been surfing online more than 2 hours today, yet I never found any interesting article like yours.
    It's pretty worth enough for me. In my view, if
    all site owners and bloggers made good content as you did,
    the web will be a lot more useful than ever before.

  8. Anonymous

    April 4, 2019 at 9:09 am

    jak podnieść erekcję

  9. Judy

    April 12, 2019 at 9:13 am

    Great episode! First time I’ve heard “shload” instead of “sh*tload”.
    You must try to check this website as well: Spanish property for sale

  10. oprolevorter

    May 19, 2019 at 1:58 am

    I genuinely enjoy reading through on this internet site, it contains wonderful blog posts. “You should pray for a sound mind in a sound body.” by Juvenal.

  11. Laura Giardino

    May 19, 2019 at 1:18 pm

    It¦s really a nice and helpful piece of info. I am happy that you shared this helpful info with us. Please keep us informed like this. Thanks for sharing.

  12. Boyce Debose

    May 19, 2019 at 2:14 pm

    Thank you, I’ve just been searching for info about this topic for ages and yours is the best I have found out till now. However, what in regards to the bottom line? Are you sure in regards to the supply?

  13. Reggie Hidaka

    May 19, 2019 at 3:26 pm

    Enjoyed looking through this, very good stuff, thankyou. “To be positive To be mistaken at the top of one’s voice.” by Ambrose Bierce.

We will appreciate I'd you share your thoughts on this post with us

Business ideas

Top 10 Ways to Start a Business Online For Less Than $500

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Start a business online

We’ve heard several fulfillment stories of Internet entrepreneurs like Jeff Bezos, who started out Amazon.Com from his garage, the use of reasonably-priced plywood to assemble desks.

There are ratings of others and that they never fail to make new marketers feel a little crushed or dare I say, jealous.

Well no longer each commercial enterprise has the rewarding ability of a number of those a hit agencies however it’s no cause for you not to have a worthwhile commercial enterprise of your own.

After you examine this article you’ll never should ask again, “I’m barely making ends meet. How can I start a business? “

Unfortunately, the bills don’t stop coming in only due to the fact you’ve decided to start a business. In truth, they seem to boom exponentially.

Your achievement, as finances-aware entrepreneur, will depend upon wondering and planning clever.

Mitrobe

Below are 10 approaches to begin business for less than $500.

1. You may have to make some sacrifices but that is what small business is all about, at the least at first.

2. If you don’t already personal a laptop, buy a used or refurbished laptop.

With computer costs losing normal(new computer systems are starting at around $500), you may effortlessly reap an low priced, and fairly up to date computer for much less than $two hundred.

If that’s nevertheless more than you want to spend, recollect you can usually take a look at out what nearby corporations offer loose laptop use.

3. Start along with your local library!
For a professional internet website online, use a template earlier than hiring a expert.

Templates can begin at as low as $25 a piece. You can usually hire customized design offerings when you develop.

4. Use commercial enterprise report templates to offer professional invoices, letters, and contracts that you could without problems personalize.

5. Submit articles like this one to numerous e-zines without cost visitors.

Operating completely at the Internet is the exceptional manner to dramatically lessen startup expenses.

6. You can discover low cost and characteristic packed web hosting for less than $10 a month.

And custom domain names may be registered for beneath $10 per year.

7. Offer your knowledge on various net web site boards without cost self-merchandising.

Make sure you adhere to the submission guidelines of every website online.

8. Submit loose press releases concerning your new business on http://prweb.Com
Starting a provider commercial enterprise means you do not need to put money into any preliminary inventory!

9. Start a small pay-consistent PPC-click marketing campaign for beneath $200 to check your provide and produce in initial site visitors.

10. If you have got a retail business, make the preliminary orders on-demand, meaning you don’t purchase any stock until a person makes the acquisition.

Make certain you include the introduced time body whilst you estimate the anticipated shipping date in your customers.

The idea is to hold thinking creatively about how you may invest your dollars so that you can avoid spending an excessive amount of in anybody vicinity earlier than your business has verified itself.

You can redevelop your finances as you cross along and feel pretty at ease doing so. You by no means realize, you can be the subsequent large success tale.

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Forex

Forex Basic | learn how to read a Forex quote

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Forex basic | learn how to read a Forex quote

As a general rule, each currency has a three letters symbol, which is used in Forex quotes.

The first two letters identify the name of the country while the third letter identifies the name of that country’s currency.

For example:

• AUD (Australian dollars)

• JPY (Japanese yen)

• CHF (swiss francs)

•CAD (canadian dollars).

When trading currencies, the trade is always done in pairs and so when you buy one currency, another currency is simultaneously being sold.

Forex trading

The most commonly traded currency pairs are

• Euro and US Dollar (EUR/USD)

• US Dollar and the Japanese Yen (USD/JPY)

• US Dollar and Swiss franc (USD/CHF)

• British Pound and US Dollar (GBP/USD)

The most commonly traded currency pairs are made from the most common and actively
traded currencies which are called the “Majors”.

The list of currencies below consists of the Majors

• USD (US dollars)

• EUR (European Euros)

• GBP (United Kingdom pounds)

• JPY (Japanese yen)

• AUD (Australian dollars)

• CHF (Swiss francs)

• CAD (Canadian dollars)

When quoting currency pairs, the first currency is referred to as the Base currency while the second referred to as the Counter or Quote currency.

The currency pair is used to represent how much Quote currency is required to exchange

Example:

• EUR/USD 1.3500 mean that one Euro is traded for 1.35 USD.

As such the Base currency is always equal to 1 monetary unit of exchange.

The dominant base currencies are, in order of frequency, the EuR, GBP, and USD.

When a currency is quoted against the US Dollar it is called a direct rate.

Any currency pair that does not trade against the US Dollar is referred to as a cross rate.

So what takes place once a trade is taking place?

Example:

• You buy British Pounds with the US Dollars – (GBP/USD), anticipating, the Pound to increase in value relative to the Dollar.

If the Pound rises relative to the Dollar, you sell the position (you Sell British Pound) and have made a profit.

Keep in mind that there are no standard cross-currency Quotes.

Some have the base currency on the top while others have it on the bottom.

So how can you tell which is which?

You need to know at least one pair of currencies and which one of the pair is the more valuable.

Dominant Base Currencies

• Euro – EUR/USD, EUR/GBP, EUR/CHF, EUR/JPY, EUR/CAD

• British Pound – GBP/USD, GBP/CHF, GBP/JPY, GBP/CAD

• US Dollar – USD/CAD, USD/JPY, USD/CHF

The Pip

The pip is the smallest unit of change in which a currency pair can move.

In the Forex world, currencies are traded in fractions of a Cent, or Euro, and so on.

Nearly all currency pairs consist of five significant digits and most pairs have the decimal point immediately after the first digit, with four decimal points to follow.

For example

EUR/ usd is equals to 1.3377.

In this example, a single pip equals the smallest change in the fourth decimal place – that is, 0.0001.

Therefore, if the quote currency in any pair is USD, then one pip always equal 1/100 of a cent.

The only notable exception to this rule is the USD/JPY pair where a pip equals $0.01.

A numeric example

You buy the EUR/USD, which is quoted with five digits in all out of which 4 decimals, at 1.3530 and sell it later at 1.3542.

The difference would be +12 pips, or. 0012.

However, in the case of the uSD/JPY currency pair, one has to make a note that it is quoted with only 2 decimals.

And so if you bought the uSD/JPY at 110.51 and it then went down to 110.31 where you have sold it, the difference would be -20 pips, or. 20 pips loss.

The pip difference would determine your calculation of profit/loss on the trade.

As mentioned earlier, the quote currency is translated into a certain number of units of the base currency.

For example

A quote of EuR/uSD at 1.35 means that, for every 1 euro, you get 1.35 uS dollars.

When the price of the quoted currency goes up, it indicates that the base currency

is becoming stronger and so one unit of the base currency will buy more of the quote currency.

On the other hand, if the price of the quote currency falls, the base currency is becoming weaker.

The Bid and the Ask

Forex quotes are shown in ‘bid’ and ‘ask’ prices.

The Bid is the price at which the market
maker is ready to buy a given currency

pair and so at this price the trader (seller) can sell the base currency to the market maker,

The Bid is shown on the left side of the quotation.

On the other hand, the ask is the price at which the market maker is ready to sell

given currency pair and so at this price the trader (buyer) can buy the base currency from the market maker,

The ask is shown on the right side of the quotation.

The ask price is also called the offer price.

Symbol Bid Ask

EUR/USD 1.3517 1.3520

Over the above Quote sample we can buy from the market maker one euro for 1.3520

american dollars, or sell one euro for 1.3517 american dollars to the market maker.

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Investment

Budgeting for retirement | Practicing the 7 Baby Step Strategy

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Budgeting for retirement | Practicing the 7 Baby Step Strategy

Remember those retirement dreams? The first step in making those dream come true is to get out of debt.

And the best way to do that is to follow the Baby Steps.

The seven Baby Steps are like a road map for your money.

They also act as guardrails to keep you from spending where you should not.

The Baby Steps help you get out of debt; save money for emergencies, retirement, and college for the kids; pay off the house; and give away buckets of money because you have been able to invest and save wisely.

Check out the seven steps below and decide which one you are on.

Retired granny

Baby Step 1: Save a $1,000 starter emergency fund.

This may not seem important, but without saving in the bank, you are just asking Murphy (Murphy’ law) to visit you or precisely move in for a few months. Only use it in emergencies.

Hint: a new pontoon boast is not an emergency.

Baby Step 2: Pay off all debts.

Now pay off all debts except your mortgage.
That’s another step from smallest to largest with the debts snowball.

To use the debt snowball, pay off your smallest debt first, whether it is $15 or $2,000.

Make the minimum payments on the other debts.

Once the smallest debt is paid off, use that money to tackle the next smallest debt, and so forth,

it is like a snowball gathering speed and momentum downhill, only it is your money that is making headway towards a debt free life and the retirement of your dreams.

Baby Step 3: Build your fully funded emergency fund of three to six months of expenses.

Notice I said expenses, not your salary.

This fund will cover your food, mortgage, utilities and other necessities in case you can’t work for some reason (illness, family emergency, layoff etc.) check out how to cut of expenses living a frugal lifestyle

Baby Step 4: Invest 15% of pretax income info retirement savings

If you make $3,000 a month, then you should invest $450 in a retirement fund like a 401(k) or 403(b).

if your employer will match your contributions, take advantage of that opportunity.

It is like putting free money into your retirement account!

Baby Step 5: Invest for your kids college savings

I recommended using an Educational savings account (ESA) if possible.

An ESA will allow you to invest $2,000 per year, per child, if your income is under $200,000.

If you want more information about savings for your kid’s college check out this other strategy College saving 529 Strategy

Baby Step 6: Pay off the house.

No, I am not kidding.

Yes, this is possible! Imagine the money you can put toward retirement once you don’t have a mortgage to worry about!

And before you say it, there is no “good” debt even for tax purposes.

Say you have $10,000 in interest payments in a given year.

The taxes on $10,000 (if you were in a 25% tax bracket) would be around $2,500.

You would be giving the bank $10,000 in interest in order NOT to pay the government $2,500.

That’s dumb, As much as the government wastes money, I would rather give Uncle Sam $2,500 than give the bank $10,000.

Baby Step 7: Build wealth and give a bunch away

This is what you have been dreaming of! As you continue to invest your money, you can watch it grow to fund your dream retirement.

The great news is that you also get to give to others, which feel greats! You can give to charity, your grandkids (or even great grandkids!). or a nonprofit whose passion you share.

Mitrobe Advice

Remember, debt is not just about borrowing money you don’t have, it is also about borrowing from your retirement dream.

Every dollar you spend to pay debt is a dollar you could have used for investing in your retirement future!

Let’s look at the Golden rules of creating true wealth.

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