Personal life

A fourth-generation Japanese American, Kiyosaki was born and raised in Hilo, Hawaii. He is the son of the late educator Ralph H. Kiyosaki (1919-1991). After graduating from Hilo High School, he attended the U.S. Merchant Marine Academy in New York, graduating with the class of 1969 as a deck officer. He later served in the Marine Corps as a helicopter gunship pilot during the Vietnam War, where he was awarded the Air Medal. Kiyosaki left the Marine Corps in 1974 and got a job selling copy machines for the Xerox Corporation. In 1977, Kiyosaki started a company that brought to market the first nylon and Velcro "surfer" wallets. The company garnered moderate success at first but would eventually go bankrupt. In the early 1980s, Kiyosaki started a business that licensed T-shirts for Heavy Metal rock bands.^[2] Around 1996–1997 he launched Cashflow Technologies, Inc. which operates and owns the Rich Dad (and Cashflow) brand.

He is married to Kim Kiyosaki.

 

Teachings

A large part of Kiyosaki’s teachings focus on generating passive income by means of investment opportunities, such as real estate and small businesses, with the ultimate goal of being able to support oneself by such investments alone. In tandem with this, Kiyosaki defines "assets" as things that generate cash inflow, such as rental properties or businesses—and "liabilities" as things that generate cash outflow, such as house payments, cars, and so on. Such definitions are somewhat based on the concept of negative gearing. Kiyosaki also argues that financial leverage to be critically important in becoming rich.

Kiyosaki stresses what he calls "financial literacy" as the means to obtaining wealth. He says that life skills are often best learned through experience and that there are important lessons not taught in school. He says that formal education is primarily for those seeking to be employees or self-employed individuals, and that this is an "Industrial Age idea". And according to Kiyosaki, in order to obtain financial freedom, one must be either a business owner or an investor, generating passive income.

Kiyosaki speaks often of what he calls "The Cashflow Quadrant," a conceptual tool that aims to describe how all the money in the world is earned. Depicted in a diagram, this concept entails four groupings, split with two lines (one vertical and one horizontal). In each of the four groups there is a letter representing a way in which an individual may earn income. The letters are as follows.

• E: Employee — Working for someone else
• S: Self-employed or Small business owner — Where a person owns his own job and is his own boss.
• B: Business owner — Where a person owns a "system" of making money, rather than a job to make money.
• I: Investor — Spending money in order to receive a larger payout in

 

 Books

Kiyosaki is best known for his book Rich Dad, Poor Dad, the #1 New York Times bestseller. Kiyosaki followed with Rich Dad’s CASHFLOW Quadrant and Rich Dad’s Guide to Investing. He has now had at least a dozen books published. A partial list of his books is included below.^[3]

Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money—That the Poor and Middle Class Do Not! (1997)

Main article: Rich Dad, Poor Dad

Originally self-published before being picked up commercially to become a best seller, the central concept of the book is an anecdotal comparison of his "two fathers." His "poor dad" was his biological father, who became Superintendent of the Hawaii State Department of Education but had very little real net worth. Contrasted with this is his (arguably fictitious, see "Criticism and controversy" section of this article) "rich dad," advocates tax-advantaged investment vehicles, such as real estate or businesses, rather than ownership of securities. This idea is further developed in his later books and "Rich Dad" became Kiyosaki’s personal brand for various publishing ventures.

Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom (2000)

Cashflow Quadrant is a personal finance and investing book written with Sharon Lechter, C.P.A. as the sequel to Rich Dad, Poor Dad. In it, Kiyosaki discusses what he calls the cashflow quadrant: a grid consisting of the letters "E", "S", "B", and "I". The cashflow quadrant itself is just an illustrative tool to show the difference between Employees, Self Employed/Small Business owners, Business owners (not directly involved in the day-to-day operation of the company), and Investors. Kiyosaki discusses the differences between concepts and ideas characteristic of each quadrant, particularly as they relate to passive income and tax advantages. Again, as a self-help author, he invites readers to consider their own ideas about money.

Rich Dad’s Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! (2000)

Rich Dad’s Guide to Investing gives the reader a roadmap to becoming the Ultimate Investor, one who uses other peoples’ money to create investments that people want to buy into. While the first two books use broad strokes, this one goes into much more detail about actually implementing some of the strategies heretofore discussed.

Rich Kid, Smart Kid (2001)

Rich Kid, Smart Kid is a retelling of Kiyosaki’s views, condensed and clarified to try and help parents better understand and teach their children key financial concepts. It includes a series of activities that a parent can do with their child to make them aware of property, finance and the various ways and places businesses make money.

Rich Dad’s Prophecy (2002)

Rich Dad’s Prophecy predicts that the market will crash around 2016 when the oldest Baby Boomers start cashing out their 401(k) plans. Individuals whose savings are locked into 401(k) plans will suffer because these retirement plans are not flexible and do not do well in a bear market.^[4] Robert Kiyosaki believes this may be his most important book yet.

Why We Want You To Be Rich coauthored by Donald Trump (2007)

Why We Want You To Be Rich is a book written by both Robert Kiyosaki and Donald Trump. It encourages individuals to become financially literate to combat the upcoming problems facing America, such as the shrinking middle class and the entitlement mentality.^[5]

Other Books:

• If you want to be Rich & Happy don’t go to School? (1992)
• The Business School for People Who Like Helping People (2001) - endorses multi-level marketing.
• Retire Young, Retire Rich (2001)
• Rich Dad’s The Business School (2003)
• Who Took My Money (2004)
• Rich Dad, Poor Dad for Teens (2004)
• Before You Quit Your Job (2005)
• Rich Dad’s Escape from the Rat Race - Comic for children (2005)

 

Didactic games

Kiyosaki stresses the value of games, particularly Monopoly, as tools for learning basic financial strategies such as "trade four green houses for one red hotel". Kiyosaki has created several games to reinforce the information in his books.

Cashflow 101

Main article: Cashflow 101

"Cashflow 101" is a board game designed by Kiyosaki, which aims to teach the players concepts of investing and making money, it costs $195.

There are two stages to the game. In the first, "the rat race", the player aims to raise his or her character’s passive income level to where it exceeds the character’s expenses. The winner is determined in the second stage, "the fast track". To win, a player must get his character to buy his "dream" or accumulate $50,000 in monthly cash flow.

The game forces the players to do the accounts by themselves. In place of "score cards", there are financial statements. Therefore, players can see more clearly what is happening with their money. It generally shows how assets generate incomes and liabilities and ‘doodads’ affect expenses.

Cashflow 202

"Cashflow 202" is a more advanced game than Cashflow 101. It is designed to help players learn about more sophisticated investing strategies. Cashflow 101 was generally meant to teach investing techniques that would work best in an "up market" where property values steadily increase, whereas Cashflow 202 is supposed to teach investment strategies for a fluctuating market where property values depreciate as well as rise.

Cashflow for Kids

"Cashflow for Kids" is basically a children’s version of Cashflow 101, good for ages 5 through 9. There is also a Cashflow for Kids e-game available for free.^[6]

Cashflow The E-Game

"Cashflow The E-Game" is a computer software version of the Cashflow 101 board game. It is not necessary to have the board game in order to play the computer game.

Cashflow 202 The E-Game

"Cashflow 202 The E-Game" is a software expansion of the computer game "Cashflow The E-Game". Its counterpart is the "Cashflow 202" board game described earlier in this article.

 

 Other products

 

 Rich Dad Advisor Series

The Rich Dad Advisor Series is a series of books written on different business topics. These books are seen as more technical in nature as they tend to be written by lawyers, accountants and other professionals, they are however written for the lay person and it is recommended you see your own advisors. Books in the series include:

• How to Buy and Sell a Business: How You Can Win in the Business Quadrant
• Protecting Your #1 Asset : Creating Fortunes from Your Ideas : An Intellectual Property Handbook
• Sales Dogs : You Do Not Have to Be an Attack Dog to Be Successful in Sales
• Real Estate Riches: How to Become Rich Using Your Banker’s Money
• Loopholes of the Rich: How the Rich Legally Make More Money and Pay Less Tax
• Real Estate Loopholes: Secrets of Successful Real Estate Investing
• Rich Dad’s Real Estate Advantages: Tax and Legal Secrets of Successful Real Estate Investors
• Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them

 

Audio/visual

This is a quick list of audio/visual (such as tapes and DVDs) that have been released. Almost all of Robert Kiyosaki’s books have been released as audio products:

• Rich Dad’s Secrets To Money
• You Can Choose To Be Rich: "Think It" "Learn It" "Do It"
• Rich Dad’s Roads To Riches: 6 Steps to Becoming a Successful Real Estate Investor
• How To Increase The Income From Your Real Estate Investments
• How To: Find and Keep Good Tenants (Audio)
• How To: Find Great Investments (Audio)
• How To: Get Your Banker To Say "Yes! (Audio)

 

 Appearances

 

 CNBC

 

 PBS

Several local stations of the Public Broadcasting System (PBS), including WTTW of Chicago, KAET of Phoenix, KOCE of Orange County, California, WLIW of the New York/New Jersey area, and WGBH of Boston, have featured Kiyosaki during fund-raising drives. During this television special, Rich Dad’s Guide to Wealth with Robert Kiyosaki, he provides viewers with what he calls "financial education", as opposed to academic or professional education.

 

News

Kiyosaki has been seen giving financial advice on various network television news channels.

 

 New York City’s Madison Square Garden (October, 2002)

This speech was the subject of a CNN story.^[7]

 

 Financial advice

 

 Mutual Funds

For example, Kiyosaki claimed in one column^[8] that investors in any mutual fund with a 2.5% annual fee would, over a long time period, surrender 80% of the earnings to the fund. Kiyosaki repeated this claim in a subsequent column,^[9] expanding his criticism of mutual funds by stating they are for "losers". He has drawn much criticism for comparing investing in mutual funds to playing the lottery, and for discouraging 401(k) investing, contrary to the advice of most professional financial advisors.^[10]

In contrast to the argument above, Kiyosaki explains in his book, Prophecy that mutual funds are not bad investments, they are simply risky investments for those that are financially educated.

Kiyosaki’s claim is given some credence by the founder of mutual fund powerhouse Vanguard, John C. Bogle. In a Frontline episode titled 401(k)s: The New Retirement Plan, For Better or Worse, Bogle, too, claims that management fees and trading costs gobble up approximately 2.5% of an investor’s annual returns and approximately 80% of an investor’s long term gains. He says management costs reduce the value of a $1,000 investment over 65 years from approximately $140,000 at 8% compounded annually to a mere $30,000 at 5.5% compounded annually. Bogle’s solution is to utilize index funds to substantially reduce or eliminate management fees.^[11]

 

Criticism and controversy

Kiyosaki’s books and teachings have been criticized for focusing on anecdotes and containing little in the way of concrete advice on how readers should proceed.^[12] Kiyosaki responds that his material is meant to be more of a motivational tool to get readers thinking about money, rather than a step by step guide to wealth, as if motivation were needed for the average Kiyosaki’s reader to be willing to become rich. He also says the books are supposed to be "interesting" to people, which precludes involving a lot of technical material.^[13]

There is also disagreement over how blurred the line is between fiction and anecdote in many of his works. Critics believe that Rich Dad is fictional and that Kiyosaki created him as an author surrogate (a literary device). In the past, Kiyosaki has maintained that Rich Dad actually existed, but that he died decades before the book was first published. However, he has never revealed his name or any other identifying information. Attempts by outsiders to determine Rich Dad’s identity have not revealed a conclusive candidate, despite the prominence such a wealthy individual would likely have had in Hawaii in the 1950s. In the February 2003 issue of SmartMoney magazine, Kiyosaki appeared to back off his claim that his "rich dad" was a real person, instead stating "Is Harry Potter real? Why don’t you let Rich Dad be a myth, like Harry Potter?".^[14]. However, in page 25 of "Why we want you to be rich", the book he co-authored with Donald Trump, Kiyosaki positively asserts that Rich Dad really existed.

Former real estate investor and author of books on real estate investment John T. Reed has questioned much of what Kiyosaki has claimed to have achieved. According to Reed, much of Kiyosaki’s advice is illegal, makes no sense or is the product of "a rather ignorant, not very bright, novice, investor wannabe". ^[15] He concludes his criticism, saying that "Rich Dad, Poor Dad is one of the dumbest financial advice books I have ever read. It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred."

Kiyosaki has also been criticized for being overly repetitious in his teachings. Some consider this a tactic to produce "filler" material in order to make it appear he is covering more material. Kiyosaki claims that this is an intentional teaching style that he feels is important.^{[citation needed]}

Even some of the facts he has offered directly have been questioned. For example, on September 19, 2006, Kiyosaki wrote in a Yahoo Finance article that the NYMEX is an exchange where "… pork bellies,… are traded".^[16] In reality, pork bellies are not traded on the New York Mercantile Exchange.^[17]

ABC ran a 20/20 segment on May 19, 2006 in which Kiyosaki was to advise 3 entrepreneurs on how to make money. They were given $1000 and 20 days to try and make the most money possible. At the end, after mediocre results, the contestants alleged that Kiyosaki never gave concrete advice. "All he [Kiyosaki] does is, I guess, is open your mind to the possibility. He doesn’t tell you how to do it." Kiyosaki responds by saying that failure is important to learn. At the end, 20/20 asks, "Does anyone really need 18 books to learn to fail?"^[18]

The Wall Street Journal panned "Why We Want You To Be Rich" by Kiyosaki and Trump^[19] as did Kiplinger’s Personal Finance^[20]

Kiyosaki wrote a column in Yahoo Finance in which he blames poverty on laziness. He also implies a religious justification for wealth disparity. "Over the years, I’ve met many losers who pray to God to give them gold. God helps those who help themselves. Again, the conquistadors may have been killers and thieves, but at least they knew how to help themselves."^[21]

Kiyosaki’s boardgames have been criticized for being excessively expensive;^{[citation needed]} US$200 for the most expensive Cashflow 101.

Kiyosaki downplays the importance of traditional and tertiary education in achieving financial success. Studies of the median incomes that come with different levels of education suggest the contrary, such as the one found here.

Kiyosaki has also been associated with "multi-level marketing" companies such as Amway, and in 2000 gave a keynote speech at a Quixtar conference.^{[citation needed]} On page 135 of Rich Dad’s Who Took My Money?, Kiyosaki admits to his involvement with the MLM industry, stating "I often speak to network marketing businesses because they provide low-cost entry for people to start businesses while also providing them valuable training and mentoring."

 

 Partial bibliography

• If You Want to Be Rich & Happy: Don’t Go to School? : Ensuring Lifetime Security for Yourself and Your Children (1992). ISBN 0-944031-38-2.
• Rich Dad, Poor Dad - What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not! (first published in 1997), by Robert Kiyosaki & Sharon L. Lechter. Warner Business Books. ISBN 0-446-67745-0.
• Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom (2000). ISBN 0-446-67747-7.
• Rich Dad’s Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! (2000). ISBN 0-446-67746-9.
• Rich Dad’s Rich Kid, Smart Kid: Giving Your Children a Financial Headstart (2001). ISBN 0-446-67748-5.
• Rich Dad’s Retire Young, Retire Rich (2002). ISBN 0-446-67843-0.
• Rich Dad’s Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming… and How You Can Prepare Yourself and Profit from It! (October, 2002). Warner Books, Incorporated. ISBN 0-641-62241-4.
• You Can Choose to be Rich (2003) 12-CD Audio series with booklet.
• Rich Dad’s Before You Quit Your Job : 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business (2005). ISBN 0-446-69637-4.

 

 See also

 

 References

 

 External links

• Robert Kiyosaki’s Videos
• Robert Kiyosaki’s official website
• RichWoman.Com Sister site to RichDad.com, For Women
• RichKidSmartKid.com Official site connected to RichDad.com, For kids
• Yahoo! Finance Robert Kiyosaki biography and archive of articles
• Hawaii Business Magazine June 2002 cover story on Kiyosaki
• Detailed summary of "Rich Dad, Poor Dad"
• John T. Reed’s extensive criticism of Kiyosaki and his books
• Deconstructing Robert Kiyosaki

A SCHOOL FOR INVESTORS AND ENTREPRENEURS

 

 

The Rich Dad INSIDERS school is similar to the type of education I got from my rich dad. It was not learning about business from a textbook or a schoolteacher. I spent much of my life learning about real life business and investment challenges, as rich dad handled those challenges. For many years, I learned by watching the good and the bad, the successes and failures, and by watching rich dad grow from a small businessman to become one of the richest men in Hawaii.

The program is not only about me. The program also invites Rich Dad advisors and people like my business partner Frank, who describes how he raises money to take companies public through the stock exchange. And my friend, David, one of the largest mortgage bankers in the U.S. serving the apartment house market, who explains real estate trends in different parts of the country and how to get bigger loans for bigger projects.

So as you can see, for less than you pay for coffee every day, you can be getting a real-world financial education that’s not available anywhere else.

Give Me My Guaranteed
Payraise, Please!
Boomers Bank http://blog.ira-401k-realestate.com

“A New Audit Proof Tax Slashing System That Teaches Anyone How They Can Stop Making The IRS Their Biggest Charity And Get An Over Due Pay Raise Compliments Of The IRS!”

Could you use more money—say, $5,000 to $10,000 a year? Want a pay raise without asking your boss? Like to slash your taxes in half?

No, you don’t need a ski mask or bank-robbing experience. The IRS won’t come to repossess your car. We offer a tried-and-true method to multiply your legal deductions far beyond what you thought possible! With our program, you take a few simple steps and watch your tax bill drop. And you don’t have to wait until tax time to feel the relief—you can start saving money on your very next paycheck!

Next time you get paid, take a close look at your check. You’ll need a calculator to add up all those boxes, but you’ll probably find that you pay over a quarter of your hard-earned income to the taxman. For many of us, that’s more than housing, food, and utility costs combined! But you don’t have to pay so much—it’s more than your share! Take advantage of the last best tax shelter without having to pay a hot-shot CPA or tax attorney.

The Truth about Legal Tax Reduction

There’s a group of individuals in this country that is able to take advantage of more deductions than any other group or business.

Believe it or not, it isn’t the wealthy. It isn’t the poor. It isn’t even the hard-working wage earners. It’s a tax break designed for—the intelligent! It’s a tax break for people smart and enterprising enough to start a home-based business.

The truth is that there are two tax systems in this country: One is for employed people working for wages, and the other is for self-employed people like home-based business owners.

Home-based business owners are average Americans who have made one addition to their lifestyle, a home-based business. Because of it, they have access to more deductions than the super-rich!

Our program shows how Americans earning an average paycheck can keep an extra $5,000 to $10,000 per year simply by owning and operating their very own home-based business. Not only do you get the same deductions as Bill Gates, Ross Perot, and Donald Trump, you get more. We show you how to write off the business use of your home and car, health care costs, even travel expenses! The tax-slashing strategies available to anyone who owns and operates a home-based business will shock you! They may even amaze you! And if you’re like thousands of others, learning to use them will change your life.

Having a home-based business is one of the last great tax advantages available. A home-based business provides the little guy an opportunity to avoid giving the bulk of his hard-earned income to Uncle Sam.

Getting Started with a Home-Based Business

Starting a home-based business is not difficult, but only if you do things right. How can you find your way through the maze of tax laws and accounting principles that govern home-based businesses? Where can you find expert advice?

Allow me to introduce our partner, Sandy Botkin. He’s a former IRS tax attorney. He’s one of only eight attorneys to be selected by the IRS chief counsel to train other IRS attorneys in the personal and corporate tax division.

Now, IRS agents are not popular guys. Even his friends have called him a rat. But he knows tax law cold. And who better to tell you how to wipe out taxes legally than an insider rat?

While working at the IRS, Sandy realized those people who wanted to work from their own home were not getting the help and tax planning information that they should be receiving and were therefore losing literally billions of dollars of deductions.

He also realized that many people viewed tax planning as complicated, when he knew that, with the right tax knowledge and the right documentation, most strategies were surprisingly simple. Subsequently, he started his own tax lecturing organization, the Tax Reduction Institute, where he developed a mission to legally and ethically reduce the taxes of home-based business owners by over $750 million every year.

Between his experience and the feedback we’ve received from thousands of past students, we calculate that we are now saving some 50,000 taxpayers over $300 million every year.

Because of his expertise, there is absolutely nothing that we teach in our program that is questionable. This ex-IRS agent made it so that these strategies cannot be disputed by any licensed CPA, tax attorney, or IRS agent!

Why Owning a Home-Based Business is Your Key to Extra Cash

First, anyone can start a home-based business. It does not matter what your background is or how much experience you have. And with our powerful tax strategies, the day you start is the day you begin to save!

Second, you don’t have to be a CPA or tax attorney or even know anything about taxes for these strategies to instantly work for you.

Third, there is no complicated paperwork involved; just follow our simple instructions. As one of the first benefits of being a business owner, we’ll show you how to fatten up your take-home pay from your current job without even telling your boss.

Finally, these strategies are simple to follow. We provide all our partners with a step-by-step, paint-by-number program. If you follow these correctly, you’re guaranteed results.

Imagine: You invest just a few minutes a day and we’ll show you how you could get $5,000 to $15,000 or more in new deductions your very first year and every year from now on, guaranteed. We’ve helped many people start their own home-based businesses. We have also helped thousands who already have home-based businesses save even more money. You might think that $5,000 to $15,000 is an outrageous amount of savings, but really, it’s fairly average.

You owe it to yourself to find out more about these home-based business tax-cutting strategies. Alex Mandossian did! He saved $37,061 on his federal and state tax returns alone! The home-based business strategies we teach could work just as well for you.

Want some details? Here are ten legal home-based business tax-break tactics that will help you keep the IRS’s hands off your hard-earned cash! (When you get Sandy’s system, you receive complete documentation and references with specific IRS tax codes, laws, and revenue rulings.)

Tactic #1: Deduct your car mileage.
Tactic #2: Lease business assets to your kids.
Tactic #3: Deduct family vacations and travel.
Tactic #4: Deduct 100 % of family medical costs.
Tactic #5: Hire your kids at home.
Tactic #6: Keep a daily tax diary.
Tactic #7: Deduct day care costs.
Tactic #8: Hire your spouse at home.
Tactic #9: Rent assets to your spouse.
Tactic #10: Use an audit protection service.

Just by using Tactic #5 alone you could deduct:

• 100% of medical insurance premiums.
• 100% of out-of-pocket medical expenses.
• 100% of medical insurance deductibles and co-pays.
• 100% of dental expenses, including orthodontists.
• 100% of prescription medicines.
• 100% of vision care, including eyeglasses and contacts.
• 100% of chiropractic fees.
• 100% of psychiatric fees.
• 100% of term life insurance premiums, up to $50,000.
• 100% of disability insurance premiums for you employees, spouse, and others.

You can find out about all these medical tax-slashing strategies in other special reports.

Is Your Accountant Up to Speed on Home-Based Business Tax Laws?

Many years ago, my first accountant told me that starting a home-based business was one of the single greatest tax reduction strategies available—but I had to make a profit before these deductions could apply. In other words, he claimed I couldn’t deduct any more than what I earned.

If your accountant or CPA has told you the same thing, start looking for another tax professional immediately because it is simply not true! What matters is that you run your business like a business, not like a hobby.

If your loss exceeds your income, you can use the loss against any form of income you have: interest, dividends, wages, and pensions…anything you can think of. If you are married, you can use that loss against your spouse’s earnings. In addition, you can carry back the loss for two years and carry forward all business losses that exceed your income for 20 years!

The important thing is to not quit. I can’t say that enough. Let the tax benefits work for you while you learn your new home-based business venture. If you quit your home-based business, then you are giving the IRS a definite date when your tax savings cease. And there’s no reason to ever give them up—ever!

The bottom line is this: Congress wants the IRS to subsidize you in pursuit of your home-based business, and anyone can deduct legitimate business expenses regardless of their income or profit. The fact is, the majority of businesses lose money in their first year or two. Congress figures that those businesses would never start—and many jobs would be lost—if they couldn’t deduct their expenses or losses. Make sense?

The problem is, many CPAs, tax planners, and tax preparation firms are simply confused about what is or isn’t tax deductible. And who can blame them? Not even an IRS agent has all 40,000 pages of tax code memorized—not to mention the thousands more pages added almost every year. Whether they’re government employees or tax professionals, most people involved in taxes only familiarize themselves with the laws they see or use the most. Most professionals are unfamiliar with many of the tax laws passed benefiting home-based businesses because they simply cannot make any money in that particular area.

Most home-based businesses don’t use a CPA like larger businesses and corporations do, so most CPAs are not fully aware of the huge advantages that home-based businesses have for the average person. This is why in our system we reference each deduction to the U.S. tax code or the relevant IRS revenue ruling.

You say you have an accountant already or a tax preparation professional whom you like and trust? Congratulations! But they can only do so much with what you bring them. If you haven’t set up a home-based business and don’t have a good tax diary system for recording expenses, no accountant can save you the money you should be saving. Without the right documentation, you’ll end up in the tax deduction cemetery, where IRS will pick your bones clean.

A good tax diary more than pays for itself in saved accounting fees and time away from money-making activities during an IRS audit that could have been completely avoided. With a little work in a few places, properly documenting your records can be one of the easiest things to do. And guess what? It’s one of the easiest things not to do.

Now there are two very logical reasons why your accountant may not mention any of this to you:

• He doesn’t have the time to show or teach you what legal deductions to take, or
• He’s afraid of losing his license if you don’t follow his record-keeping instructions.

Who do you think the IRS blames whenever they find mistakes in an audit? Your tax pro, of course! Remember, most accountants are by nature very conservative people. There’s even a doctrine in the accountants’ creed called the Conservatism Doctrine. These folks are trained to be cautious.

It’s a shame. Accountants are not telling their clients about the power of having a home-based business, yet the fact still remains that it represents the single greatest tax reduction strategy in America today. Period!

The Woman Who Earned $15,000 and Kept Only $1,166 at Year’s End

There’s a story I like to tell that’s worth the price of a six-month course in financial planning. If you remember nothing else from this report, remember this. The story was told by Jane B. Quinn, a syndicated columnist who wrote an article for Woman’s Day magazine. All the information here is true; none of the figures have been changed.

Ms. Quinn did an analysis of a couple with an annual household income of $50,000 a year. The husband and wife looked over their finances and decided they needed another $15,000. The wife went out and found a job that paid her $15,000. That’s the good news. But guess what happened at the end of the year? To their amazement, this couple discovered what’s so insidious about our current tax system. You see, although they got $15,000 more than the year before, they ended up with almost the same amount in the bank! What went wrong? Let’s take a look where the $15,000 actually went. Right off the top, the wife had to pay an extra $4,500 in federal and state income taxes. Nearly all of it was nondeductible.

Then she had to commute to work, 10 miles roundtrip each day. At the old 31 cents a mile rate, that’s an extra $1,200 a year—completely nondeductible.

She would have lunch at about $5 a day with her colleagues, five days a week. Once again, all of it was nondeductible. She also had child care for her a kids—another $100 a week that was almost all nondeductible. The dry-cleaning bill also went up to the tune of about $1,000 a year—nondeductible. And get this: Once both of them started working, they dined out more often. They spent an extra $1,200 per year on meals, all of it nondeductible.

When this poor couple finally added together all of these expenses on that supplementary $15,000 a year, they ended up netting a measly $1,156! The point I want to make is this: If this same couple earned that extra $15,000 from a home-based business and followed the tactics we teach in our program, the $15,000 would have been tax-free due to the legal deductions to which they were entitled! Almost sickening, isn’t it?

Imagine: You could end up keeping fifteen times the income from your home-based business than you could from a wage job making the identical income!

The best thing about starting a home-based business is that these are not new expenses. They already exist in your life. They are things you pay for every day, every week, every month, year after year! By having a home-based business, you can convert much of your nondeductible personal expenses into legitimate business deductions quickly and easily.

This is the vital secret. A home-based business allows you to tap into tens of thousands of dollars in newfound personal deductions! If you don’t have a home-based business, you’re simply throwing your hard-earned dollars away. It doesn’t matter if you rent or own, whether you live in a house, a condo, an apartment, or even a houseboat: There are plenty of deductions available for anyone to deduct $15,000 each year! As an example, suppose you made $20,000 per year and your spouse made $20,000 per year, or a combined annual income of $40,000. For this amount, you’d typically pay $8,000 in taxes, give or take a few dollars.

Legal Home-Business Deductions

The IRS allows you to take these business deductions and many more:

• Family medical expenses, including co-pays and deductibles
• Children’s dental work and braces
• Family vacation and travel expenses
• Children’s college expenses
• Home and boat repair costs
• Children’s weekly allowances
• Long-distance phone bills
• Children’s wedding expenses
• Internet provider expenses
• Home water, gas, electric, and heating bills
• Family restaurant dining
• Automobile expenses

But if you decided to take advantage of starting your own home-based business, you’d enjoy about $15,000 in new found deductions! That means you’d pay taxes on $25,000, instead of the original $40,000. The net result? You’d save about $5,000 in cash! You could use it to invest in your kid’s college education, take your family on a vacation, put a down payment on a new car, or just have extra play money!

How to Get an Instant Pay Raise at Work Without Even Asking Your Boss

*Once you know that you’re going to pay less taxes (by converting nondeductible personal expenses into legitimate business deductions), the first thing you do is to request your employer to raise the number of exemptions on your W-4 Form. That way you’ll pay a lower tax amount out of each paycheck, increasing your net pay instantly! Most people who use this pay-raise strategy find that they immediately start taking home an additional $100 to $400 per month!

Here’s an example of how this works: *The rule is that approximately every $2,750 of new deductions is like adding a new child to your family (and it’s a lot less painful than giving birth!). So if you expect $15,000 in new deductions, that’s about equivalent to an exemption of four new kids. You can adjust your withholdings by filing an amended W-4 with your employer, increasing your exemptions by at least four.

*Neither the publisher, officers, nor any representative is rendering tax, legal, accounting, or other professional advice to the reader. Readers MUST council with their own personal advisors in the areas discussed herein in order to ensure proper implementation of ideas outlined herein.

By increasing your withholdings on every paycheck, you have in fact given yourself an immediate pay increase, compliments of the IRS!

How to Avoid Getting Your Valuable Assets Seized by an IRS Audit

You needn’t fear that increasing your deductions will raise your chances of an audit. This is another myth, believed by taxpayers and tax pros alike.

The truth is, you might get audited even if you don’t take these deductions. (Fact: You have one chance in 200 of being audited, regardless of what you do.)

In fact, having a home-based business in no way increases your chances for an IRS audit. My partner, the ex-IRS attorney, and I designed our program so that you’ll have all the facts ready to prove your case! Our program teaches you how to maintain an “airtight” record-keeping system so you’ll have nothing to fear!

Why Leading Tax Experts Endorse Our Program for Professional Training

Our program has been endorsed in all 50 states for 8 hours of continuing education credits for Financial Planners and in 45 states for CPAs. Your accountant can finally support you by cutting your taxes legally and ethically! That puts more money in your pocket, all with the direct blessings of the IRS! Ask your accountant about the incredible advantages you get by having a home-based business.

Home-Based Businesses Offer Other Advantages

Here are ten powerful benefits of having a home-based business:

1. You can start a home-based business at a low cost.
2. You invest your time instead of your money.
3. You do not need any special education or background.
4. You can reduce stress in your life.
5. You can work out of your home.
6. The experience will bring your family closer.
7. You’ll regain your personal time and freedom.
8. You can work part-time instead of full-time.
9. You’ll earn residual income instead of temporary income.
10. You can leverage you energies to maximize your profits.

In addition to these ten benefits, here’s another that’s even more startling: The average home-based business makes over twice as much as the average American worker. Over 20% of home-based business owners make over $70,000 per year! And for many, that’s just part-time hours!

Should Everyone Be Thinking of a Home-Based Business?

It’s not a question of whether to set up a home-based business; the only thing left for you to think about is what kind. Getting started in most home-based businesses is a lot easier than people think. As we shared with you earlier, we have helped a lot of people set up their home-based businesses on a full-time or part-time basis. There are 37 million home-based businesses in the United States. This number is predicted to grow by the year 2005 to 97 million. Why this explosion? Because for most home-based businesses, there’s no risk and little overhead—and no limit to how big you can build your business. There’s no geographical limits or educational requirements.

In addition, while you’re getting started, the IRS in effect subsidizes your business through these tax advantages. But unlike traditional businesses that struggle to make money, people that have a home-based business can make money right from the start. Many eventually leave their regular paychecks behind. That’s right! A home-based business could even replace your full-time job! For many home-based business owners, there comes a point when they just can’t afford to go back to work.

In fact, when operating a certain style of home-based business, there’s a very powerful money concept that can come in to play. One that complements the tax reduction strategies mentioned. It’s called…residual income. Many people think that all income is the same. Having been both an employee and a home-based business owner, we know this isn’t true.

There are two types of income that can be made today: temporary income and permanent income. The good news and bad news is that they both mean exactly what they say. The definition of temporary income is that you have to show up every day to get paid. If you wanted to take the temporary income test, ask yourself this question: “If I didn’t show up to work for the next four weeks and I didn’t tell anybody that I wasn’t going to show up, would I still get paid?” If that is a resounding no, then you seriously need to start your very own home-based business right now—today!

And once you start your home-based business, you’ll have the opportunity to earn residual income immediately. In addition, you’ll not only get all the tax deductions we’ve mentioned in this special report, but there are literally tons of deductions we just haven’t had time to talk about.

There’s No Excuse to Delay Starting a Home-based Business!

Despite what you’ve learned about many of the tax benefits of owing your very own home-based business, you may still find an excuse or two not to act now and start today. If this is the case, then I want you to do me a favor the next time you get into your car.

First, set your trip odometer to zero. As you drive, throw a dollar bill out the window when the odometer hits three miles, and keep doing this every three miles. Don’t like it? But that’s exactly what you’re losing if you’re not taking an automobile travel deduction!

We hope this illustration bothers you to the point that you’ll actually take action and realize that starting your very own home-based business is worth thousands of dollars each and every year! So let the IRS subsidize your new home-based business.

You have nothing to lose, and there’s absolutely no risk. Don’t wait. Stop making the IRS your biggest charity! We would like to thank you for taking the time to learn about the powerful financial and personal benefits associated with having your own home-based business. We hope you found it time well spent. We’re looking forward to helping you make your taxes a lot less—taxing!

Wishing you success…

****This Financial Freedom Guide is a living document, subject to change as the tax laws change. Neither the publisher, officers, broker nor any representative is rendering tax, legal, accounting, or other professional advice to the reader. Readers MUST council with their own personal tax advisors in the areas discussed herein in order to ensure proper implementation of ideas outlined herein.****

Boomers Bank http://blog.ira-401k-realestate.com

Boomers Bank http://blog.ira-401k-realestate.com

The Concept of “Multiple Streams of Income”

Would you like to add an extra stream of income to your life this year?

An extra stream of income - That would be nice!

What would you use it for! A new car! A new house! Travel! Pay off some nagging debts! Investments!

Concept # 1

Whatever you desire, the information in this Financial Freedom Guide may just be the answer you’ve been looking for.

My name is Robert Allen. Let me be your guide to this extra stream of income. I think I’m adequately qualified. I’m the author of 4 books on how to achieve financial success. My first two books, Nothing Down and Creating Wealth, are two of the largest selling financial books of all time. Both were #1 New York Times mega bestsellers. And my audio program, Multiple Streams of Income, is a current bestseller. For the past 20 years, I’ve been helping people just like you to create financial success.

And now, it’s your turn.

I’d like to share with you 2 of the most important financial concepts I’ve ever learned.

The Wisdom of Multiple Streams of Income

How many streams of income did it take in the 1950’s for a family to survive! One. Today, very few families can survive on less than two streams of income. And that won’t be enough in the future.

It’s a volatile future. You’d be wise to have multiple streams of income flowing into your life.

Prosperous people have always known this. If one stream dries up, they have many more to support them. Ordinary people are much more vulnerable. If they lose one of their streams, it wipes them out. And it takes them years to recover.

In the future, people will need a portfolio of income streams - not one or two - but many streams from completely different and diversified sources. So that if one streams goes, you barely feel the bump. You’re stable. You have time to adjust. You’re safe.

Do you have multiple streams of income flowing into your life at this time? Maybe it’s time to add another one.

Concept # 2

The Power of Residual Streams of Income

So let’s assume that you’ve decided to add another stream of income to your life. You could always get another part time job, but that’s not the kind of income I’m taking about. You certainly don’t want to get stuck on somebody else’s treadmill. You want the kind of streams that you can own.

I’m talking about residual income. That’s a fancy term for a “recurring” stream of income that continues to flow whether you’re there or not. I’ve heard too many small business owners say, “I haven’t taken a vacation in 5 years.” There’s something wrong with that picture. I don’t have anything against hard work. But after a few short years of hard work, you should be free to have your streams of income forwarded to your mailbox in Tahiti. Get the picture?

Two Types of streams: Linear and Residual

Not all streams of income are created equal. Some streams are linear, and some are residual. Here’s the question that tells you whether your income streams are linear or residual.

How many times do you get paid for every hour you work?

If you answered, “only once,” then your income is linear. Income streams from a salary are linear. You only get paid once for your effort. And when you don’t show up for work, neither does your paycheck.

With residual income you work hard once, and it unleashes a steady flow of income for months or even years. You get paid over and over again for the same effort. Wouldn’t it be nice to be compensated hundreds of times for every hour you work?

For example, I published a book in 1980 called Nothing Down: How to Buy Real Estate with Little or No Money Down. It became the largest selling real estate investment book in history. I put in over 1,000 hours of hard work writing Nothing Down before I earned a single penny. Teenagers working at McDonald’s earned more than me. But, I wasn’t looking for a salary I wanted a royalty. So I was willing to sacrifice. It took over two years before the money started to flow. But it was worth the wait. I’ve now earned millions of dollars in royalties. And every six months I still get nice royalty checks. That’s the power of residual income - it keeps flowing and flowing and flowing. Linear vs. Residual. Do you see the difference?

Here’s another example. Have you seen that tiny battery tester on the Duracell battery? I’m told that the inventor presented his idea to the big battery companies. Most turned him down, but Duracell saw the genius of it and agreed to pay just a few pennies per battery pack for his idea. Now he makes millions, because those residual pennies add up. In essence, he invested many hours of his time to create the concept, to package it and then to sell it. And now it generates a raging river of residual riches for him and his family. And the best part about it - HE DOESN’T HAVE TO BE THERE! It flows without him.

The secret of the wealthy is not that they have more money but that they have more TIME freedom. Because their streams are residual, they have time to spend on anything they want.

When you view people’s lives through the filter of residual income, many groups of people aren’t as wealthy as they appear. Doctors and dentists don’t earn residual income from their labors. Their income potential is capped. They can only see a fixed number of patients in a day and they have to be there for every single one of them. That’s linear.

The same holds true for top sales people, chiropractors and attorneys. Most of them don’t enjoy the power of residual income. T hey may appear to be rich but they’re on a treadmill just like the rest of us.

What percentage of your income is residual? If you’re smart you’ll start shifting your income streams from linear to residual. This will give you the time freedom to do what you want when you want. And that starts with turning on at least one new residual stream this year. How about right now?

A new, exciting form of residual income

Do you know who Warren Buffet is? He’s the smartest stock picker in history and the wealthiest investor in the world with a 20 plus billion dollar net worth. What if Warren Buffet himself were to call you, and tell you to sink every penny into a certain stock. He says that he’s invested a couple of hundred million of his own money and he feels the stock is a sure bet to double or triple in value. What would you say to him? “Sorry Warren, but I pick my stocks by throwing darts at the Wall Street Journal!” Would you listen to the master or continue to do things your own way?

Well, I’m no Warren Buffet, but through my books and seminars I’ve probably helped to create more millionaires than he has. If I were to guess, it’s probably in the thousands of millionaires. And here is my “hot tip” of the decade. It’s where I’ve sunk a huge amount of my own time and effort What I am about to share with you is the best opportunity I’ve seen in 20 years. It’s certain to create many residual millionaires in the next 10 years. You could be one of them.

Here’s how I stumbled onto this powerful source of residual income. I’m embarrassed to say - the first time I heard about it, I turned it down flat. It all started with my wife’s best friend, Collette. She had just gone through a bitter divorce which left her with 5 kids, a huge attorney bill and no money. She needed some work so I hired her as my secretary. After a few months she came to ask my advice.

Bob,” she says, “I’ve been talking to my brother about a company he’s involved in called USANA. He’s been showing me how I could make some extra money.”

“What kind of company is it?” I asked

“It’s a company that markets nutritional supplements through network marketing.”

Well, that’s all she had to say and my mind snapped shut and I warned her, “Don’t do it!”

But, despite my objections, she does it anyway. She says she has a “good feeling” about it. And sure enough, in a few weeks she’d earned her first check. I wasn’t impressed. I still thought it was a scam. But when her weekly earnings continued to climb I started to take notice. Finally, after about 6 months she was doing so well at this new part-time, home-based business that she quit working with me to pursue it full time.

As she was leaving, she said, “Bob, you really ought to look into this. This company is for real.” And I said, “Maybe for you, but I just can’t see myself peddling little bottles of vitamins.” She laughs and says, “It’s not like that at all. I just share my story of how these products have changed our lives. People get curious and they want to try them. They call a toll free number and order the products directly from the company, and I get the check.”

“Now here’s the best part,” she said. “This product is powerful. People fall in love with it and keep ordering it every single month. And every time they do, I get more checks. But that’s not all. These same people can’t help sharing how much better they feel. And when they do, I get a small stream of profit from those transactions, too. And so on and so on. Now, there are thousands of people all over the world using these products - people I’ve never even met and every Monday I get paid amazing amounts of money as a result of my efforts and the efforts of the hundreds of other people who are on my team.”

The Awesome Power of Leverage

Now, this really got my attention. I understood the power of leverage from my experience in real estate where a small amount of money can put you in control of a large amount of real estate. But this was even more powerful. Collette had leveraged herself and her time. It’s like having hundreds of employees working for her, sending her little profit checks every single week. Except the checks aren’t sent to her directly. They are sent through the company, who does all of the paperwork and sends Collette one conveniently-large check every Monday.
There is a saying,

“Poverty is when large efforts produce small results.
Wealth is when small efforts product large results.”

That’s a perfect description of what Collette was doing - small efforts, large streams of recurring income.

“Bob,” she says, “This company is different!”

One day she leaves a video at our house and my wife and I pop it in the VCR and start watching. I’ll never forget what happened. The founder of USANA appears on the screen - a Dr. Myron Wentz - and says, “We live too short and die too long.” And my intuition kicks in. It’s whispering, “This is the one!”

Have you ever had a hunch? When a part of you knows that something is right even though another part of you is still skeptical? Well, I usually listen to my intuition. It was a hunch just like this one that inspired me to start investing in real estate in the seventies just before the huge boom. I made a fortune. It was another hunch that inspired me to write my first book, Nothing Down. How could I have known that Nothing Down would become a #1 New York Times Bestseller? My second book, Creating Wealth, was also a #1 bestseller. Then, I had a hunch to start several seminar companies which grossed over a hundred million dollars.

When I have a hunch, it’s usually a good one. And when it came to that video, there was no question - my intuition was screaming, “This is the one!”

And so Collette calls the next day and asks, “Well, what did you think of the video?” Despite my strong intuitive hunch, I replied, “Sorry, Collette, I’m just not interested.”

To her credit, she didn’t let my negativity stop her. She took my wife to lunch and they decided to go ahead without me. I was so closed-minded, I wouldn’t even sign the application. But before long, the checks started to flow just like Collette said.

Now, a very, very large check lands in our mailbox every Monday, but it doesn’t have MY name on it. Oh, NO! It’s my wife’s check. Mr. Skeptical here didn’t want anything to do with it! So she gets the check and occasionally shares some of it with me. We just celebrated our 2lst wedding anniversary and I’m looking forward to the next 20 because I’m married to a very rich woman.

In the next few pages, I’m going to show you how to get your name on a check like the ones she gets. But only if you’re more open-minded than I was.

Blinded by False Information

Now, why do you think I voted against my own intuition? Perhaps it was because I had heard some negative things about Network Marketing and, without checking things out for myself, I made some snap judgments that turned out to be completely wrong. My first mistake was to assume that USANA was like some of the “old style” multi-level companies from the sixties and seventies. In these earlier and ancient forms of network marketing, distributors had to stock-pile their garages full of products and then try to peddle them to friends and relatives. To recruit new people, they were encouraged to drag every body they knew to endless weeknight pep rallies.

Needless to say, very few people made any money and most people quit in frustration with a garage full of stuff that they couldn’t give away. It left a bad taste in a lot of people’s mouths. Collette assured me that USANA was NOTHING like that. So, as a test, I reluctantly allowed Collette and my wife to introduce USANA at one of mysmaller seminars. I was still very skeptical, but within weeks some of these same people were calling me back and saying,
-”These USANA products are fabulous.”
-”I’ve got more energy”
-”I feel like a teenager again.”
-”I’m sleeping better”
-”Thanks for giving me my life back.”

I was amazed. You see, I didn’t know how good these products were. I hadn’t been taking any nutritional supplements. I felt I was in pretty good health and didn’t need anything. It was only later that I learned how our health really is in danger and that everyone of us should consider daily supplementation.

Now, when it came to making money, my seminar graduates were calling me to say,
-”Bob, this is the best money-making idea you’ve ever recommended.”
-”I’ve tried network marketing before, but this is so much easier.”
-”This is fun. I love this company!”

And I’m thinking to myself, “Hmmmm! Maybe there really is something to this.”

That’s when I decided to focus more of my attention on “our” USANA business. We’ve been involved in a lot of businesses over the years, but USANA is, by far, the most rewarding thing we’ve ever done. We have no overhead. No debt. We maintain this powerful stream of income with zero employees. We don’t even have a secretary. (I haven’t had a secretary since Collette quit to do this full time.) Since this business is completely portable, I can run this business from my own home in my bathrobe - from my car phone in my jeans - or from a mail box in Tahiti. It has very little downside. And I love it. I’m passionate about it.

When people ask me today if I’m involved in network marketing, I reply with a resounding ABSOLUTELY!

I don’t know what your experience with other network marketing companies has been, but my experience with USANA has been FANTASTIC! Once the income starts to flow, it’s like an oil well in your backyard. It just keeps pumping out profits. We went on a cruise recently. Gone for 10 days. And when we got back, there were two checks waiting for us - big ones.

Looking back, I wonder how I could have over-looked such a powerful money-making idea for so many years. I’m saddened how the same misconceptions that held me back are holding back so many other smart, reasonable, intelligent people.

Put Yourself on Neutral Ground

Well, let’s suppose that you aren’t as skeptical as I was at first. Suppose you take me at my word and at least put yourself on neutral ground to consider this. Let me show you how you can create extra streams of income for your self with USANA.

The secret is to find people who are already sold on the concept of nutrition but are spending money for vastly inferior products. Using our systems we can show you how to get these same people to call YOU and ask to get on the USANA Health Products. Many of them will become lifetime customers. A few of them will be so impressed that they’ll find it impossible not to share these products with others. Either way, you win.

Does this Sound Too Hard?

Before we let you join our team there are 3 questions we need to ask of you:

(1) Are you really interested in your health?

(2) Does the possibility of recurring streams of income sound good to you?

(3) Can you set aside 5 to 10 hours a week to let us mentor you in our system?

If you’re already drowning in surplus money or aren’t interested in your health, then maybe this isn’t for you. However, if you are interested, let me answer the 4 questions people ask just before they join our team:

Question #1. Is this really legitimate?

Frankly this was one of my first questions. I didn’t want to get myself, or my loyal readers, involved in some pyramid scam. I checked out the company and found it to be extremely solid. Then, I checked out the way USANA shares profits with its distributors through the vehicle of Network Marketing. The best book I could find on the network marketing industry was a book called Wave Three: The New Era in Network Marketing by respected journalist, Richard Poe. It really opened my eyes. With combined sales of over 20 billion dollars and ten million active distributors, the Network Marketing industry is not only legitimate, but quickly being recognized worldwide as the growth industry of the future. It has attracted the attention of many Fortune 500 companies. Here is just a partial list: Colgate/Palmolive, Gillette, Avon, Coca Cola, and MCI. Just recently, AT&T, the worldwide telecommunications giant also began marketing its long distance services through Network Marketing.

Do you remember the days when Japan used to have the reputation of making inferior products! When I was a kid, if a product was “Made in Japan” it was usually cheap, inferior junk - a joke. But today, the perception of Japan is 180 degrees opposite - only the finest products come out of Japan. This same shift in perception is happening to the Network Marketing industry. The public is quickly finding out that some of the finest and most reasonably priced products are marketed through the vehicle of Network Marketing. If this weren’t the case, do you think AT&T would have even considered it?

As soon as I was convinced that USANA was a truly legitimate opportunity, I introduced my friend and fellow platform speaker, Dr. Denis Waitley, to USANA. He went through the same due diligence and came to the same conclusion. Dr. Denis Waitley is one of the world’s most famous and popular public speakers and has authored dozens of books and audio programs on the subject of success. One of his programs, The Psychology of Winning, is one of the largest selling cassette albums in the history of the world.

Here is what he says about USANA:
“I’ve been traveling almost everyday for 20 years working with Superbowl and Olympic athletes and Fortune 500 executives, and I can tell you that I’ve never seen an opportunity that has excited me as much as USANA. I’ve looked at it. I’ve tested it. I’ve kicked the tires. It works for me. It works for my wife Susan. And it’s worked for members of my family. I think you ought to look deeply into this opportunity, as I have, and see this as a marvelous opportunity not only to improve your health, but to supplement your income and to achieve financial security.”

- Dr. Denis Waitley

Is USANA a legitimate opportunity? Dr. Waitley and I are willing to bet our reputations on it. And so are a lot of other smart, intelligent, successful people: doctors, teachers, astronauts, Fortune 500 executives, famous actors, best selling authors, health professionals, university professors, coaches, gold medal winning Olympic athletes, world record holders, chiropractors, nurses, scientists, bankers and attorneys are flocking to this company, along with tens of thousands of other reasonable, intelligent people from all walks of life. Most of us wouldn’t have even considered Network Marketing in the past, but we are now wholeheartedly embracing this company and its products. We believe that USANA has finally been able to deliver on the promise of true streams of income by sharing products that are truly superior.

You’ve Heard that Timing is Everything.

The timing is perfect for you in USANA. The baby boomers are ripe for quality health products that work. USANA has created the perfect health system. The company is strong and profitable with no debt. It’s publicly traded on the NASDAQ under the symbol of USNA. You can look up the company’s U.S. web site at http://www.usana.com/, or http://www.usanacanada.com/ if in Canada . USANA is led by a visionary, Dr. Myron Wentz, and his powerful team of scientists. It operates out of a brand new, state-of-the-art research and manufacturing facility in Salt Lake City, Utah. Its sales have gone from 3 million a year when it started in 1992 to over 100 million in annual sales in 1998. It’s poised for solid growth outside of Canada and the U.S. It just opened for business in Australia and New Zealand with great success. USANA is a giant waiting to happen. I like to play on winning teams. USANA is a winner.

Question #2. How good are the products?

USANA’s focus is very narrow - to market a very exclusive line of the finest nutritional products in the world. The USANA Nutritionals are designed and engineered by one of the world’s leading experts in cellular nutrition, Dr. Myron Wentz. Dr. Wentz became world famous for his infectious disease test kits sold in more than 35 countries worldwide. Using cutting edge cellular technology years ahead of its time, Dr. Wentz and his hand-selected team of world-class doctors and scientists have created the finest nutritional products available. In order to maintain integrity and purity, USANA manufactures its own nutritional products.

USANA’s flagship product is a set of two bottles called The Essentials . It is a special formulation of high quality essential vitamins, chelated minerals and other powerful nutrients in optimum doses. Most cheap, grocery store vitamin brands contain only the minimum levels of vitamins. Do you want minimal health? I don’t. I want OPTIMUM health. Dr. Wentz’ genius is in recognizing that each of us might need much higher dosages of nutrients in order to achieve OPTIMUM health.

When it comes to your health, I believe that USANA’s arsenal of powerful products is superior. They contain all of the vitamins, minerals and cutting-edge ingredients to help you maintain your good health.

USANA’s founder, Dr. Wentz, has predicted that the USANA family of customers will be the healthiest family on earth. I believe him. I take USANA products every day and I’ve never felt better in my life. I also sleep better, knowing that I’m giving my body the best nutritional system in the world.

Question #3. What will it cost to start?

If you’d like to try the products out for yourself, then talk to the person who introduced you to this information. They can show you how to make one toll-free call to become a Preferred Customer. For a small initial fee, you can start purchasing these products at the lowest wholesale price. That’s all there is to it.

Now, if you’d like to earn income by sharing these products with others, you can easily become a distributor. Your inexpensive distributor kit will teach you how to begin. It’s that simple.

When I compare this to the tens of thousands of dollars it took to start the many businesses I’ve owned and operated during the past 20 years, USANA is the hands down winner. I’ve owned restaurants, clothing stores, candy stores, apartment buildings, commercial buildings, seminar companies and newsletter businesses. I’ve invested in Broadway plays. I’ve even owned a piece of a major NBA Basketball Team, the Utah Jazz.

But USANA beats them all. My last seminar company had 250 employees. Just the thought of going back to managing employees makes me cringe. No more salaries to pay or health care benefits to provide. To an ex-employer like myself, it seems like a miracle. Low hassle money!

Question #4. What do I have to do to make this work?

First, here’s what you WON’T have to do:

You won’t have to deliver products. If you were looking forward to personally delivering bottles of pills to people, you’ll be very disappointed. USANA doesn’t work that way. What will you do? You’ll just tell a few people about how much the products have improved your life and, after some simple paperwork, they’ll order the products direct from the company over a toll free line. The company even delivers the product for you.

You won’t have to attend a lot of meetings. If you were looking forward to donating two or three nights of your week to attending a bunch of boring meetings, you’ll probably not like USANA. What will you do? You’ll just share one of USANA’s powerful audio or video cassettes with people who show an interest, and these tools do the work for you.

You won’t have to do a lot of selling. Now, if you love to sell - if you live for the thrill of the close - then I’m sorry, but I’ve got some bad news. You’ll probably do very well in one of those ancient network marketing companies where you have to personally sell and deliver products to hundreds of customers in order to make any decent money. However, in USANA, the process is much simpler. There are five billion people on this planet. Do you think you could find a few people who are interested in adding extra years or extra streams of income to their life?

You won’t have to learn this by yourself. If you’re a loner who doesn’t like people, then USANA is probably not your company. In USANA, we are encouraged to work in small teams. Here is how it will probably look at first. You’ll share an audio cassette with some one you meet. They’ll listen to it and say, “I’m interested. Tell me more.” You’ll set an appointment for them to have lunch with you and your sponsor. The three of you show up at the appointed time. Your prospect listens while your sponsor does most of the talking. You just observe. Your prospect starts ordering the product. You get a check.

Does This Sound Too Hard!

Using this model, Collette makes more money during her lunch hour than most people earn in a month. And she continues to be paid over and over again for that same effort. Wouldn’t it be nice to get paid over and over again for time you spent at lunch 6 months ago? What if you don’t have time for lunch? Easy. Do it over the phone. It’s actually faster and cheaper. For example, here’s what happened just last week. A new person in my downline gave a copy of this Financial Freedom Guide to a friend. He read the very words that you are reading right now and called back all excited, wanting to know more. The distributor made an appointment for them to talk with me over the phone. (We call this a 3-Way Call because all 3 of us are on the phone together.) I did the presentation. The friend joined our team and the new distributor earned a check.

Does this sound too hard to you? You listen. I talk. People order products. You get checks.

Now, what happens if I’m not available? Well, everyone in USANA has a sponsor. Your sponsor will be happy to help you find, enroll and train your first few people. Your sponsors can’t win unless they help you.

Just think, with a few hours a week on the phone, you can start to create a wonderful stream of extra income.

Are You Crazy?

When I explain how simple this can be, some people look at me like I’m crazy.

So, I ask…

· Do you have multiple streams of income flowing into your life? “No,” they say.

· Do you get paid multiple times for every hour you work? Again, “No.”

· Do your income streams flow 24 hours a day with or without you? Still, “No.”

Then, I say, “Because of USANA, I can answer “Yes” to each of those questions. Which of us is more crazy?”

This is my definition of crazy:

Crazy n: Work hard for peanuts at various jobs you hate for 50 years. Then, die poor.

This is my definition of smart:

Smart n: Work smart for a much shorter period of time. Retire with multiple streams of recurring income.

We’ve been earning weekly streams of income in USANA for over 4 years now. This is smart. This is intelligent. This works! As you can tell, I’m not a skeptic anymore. I’m proud to be associated in even a small way with USANA. Sometimes I get so excited I can’t sleep at night. This is fun!

But it’s not without its sadness too. Here’s the hardest part for me: I see people struggling financially. I see people in poor health. I say to them, “I’ve got an answer for you that works!” But, because they’ve tried other things that didn’t work, their minds snap shut. I can’t blame them. That’s exactly what I did. Still, I wish I had the power to persuade them to just take a closer look. Like me, they might just like what they find.

Will someone just show me the way?

Most people live their lives unaware of the incredible opportunities that exist all around them. They remind me of the woman in the early days of this century. She saved all her life to come to America and finally had enough money to afford passage on a large ocean liner. Since money was so tight, she stayed in her cabin most of the time, rationing the food she’d brought on board with her. But with one day left on her journey, she decided to splurge on a meal. She showed up for the final banquet buffet, and, bracing herself for the bad news, she timidly asked the Maitre ‘D how much a meal like this would cost. “But madam, didn’t you know? All of the meals are included with your ticket. You can eat as much as you like for free.”

Life is like that. You don’t want to get to the end of your life and realize that you could have had anything you wanted, if someone had just shown you the way.

We’d like to invite you to be part of our team. Let us show you how you can start enjoying the banquet of prosperity that life has to offer.

In this Financial Freedom Guide, I’ve shared with you three secrets to having everything you’ve ever wanted.

The Wisdom of Multiple Streams of Money

*
The Power of Residual Income
*
The Discovery of USANA

I urge you to get in contact with the person who shared this information with you. Tell them that you want to join the healthiest, wealthiest family on earth. Do it now. You’ll kick yourself if you miss this.

I wish you a happy, healthy and abundant future.

Robert G. Allen

New York Times Best Selling Author
Multiple Internet Streams of Income
The One Minute Millionaire
Multiple Streams of Income
Nothing Down
Creating Wealth

***This Financial Freedom Guide is a living document, subject to change as the tax laws change. Neither the publisher, officers, broker nor any representative is rendering tax, legal, accounting, or other professional advice to the reader. Readers MUST council with their own personal tax advisors in the areas discussed herein in order to ensure proper implementation of ideas outlined herein.***
Boomers Bank http://blog.ira-401k-realestate,com

Robert Kiyosaki
From Wikipedia, the free encyclopedia
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Robert Kiyosaki
Born April 8, 1947 (age 61)
Hilo, Hawaii
Occupation Investor, Businessman, Author, Motivational speaker
Spouse(s) Kim Kiyosaki
Robert Toru Kiyosaki (born April 8, 1947) is an investor, businessman, self-help author and motivational speaker. Kiyosaki is best known for his Rich Dad, Poor Dad series of motivational books and other material. He has written 18 books which combined have sold over 26 million copies.[1] Although beginning as a self-publisher, he was subsequently published by Warner Books, a division of Hachette Book Group USA, currently his new books appear under the Rich Dad Press imprint. Three of his books, Rich Dad Poor Dad, Rich Dad’s CASHFLOW Quadrant, and Rich Dad’s Guide to Investing, have been on the top 10 best-seller lists simultaneously on The Wall Street Journal, USA Today and the New York Times. The book Rich Kid Smart Kid was published in 2001, with the intent to help parents teach their children financial concepts. He has created three “Cashflow” board and software games for adults and children and has a series of “Rich Dad” audio cassettes and disks. He also publishes a monthly newsletter.
Contents [hide]
1 Personal life
2 Teachings
3 Books
4 Didactic games
5 Other products
5.1 Rich Dad Advisor Series
5.2 Audio/visual
6 Appearances
6.1 CNBC
6.2 PBS
6.3 News
6.4 New York City’s Madison Square Garden (October, 2002)
7 Financial advice
7.1 Mutual Funds
8 Criticism and controversy
9 Partial bibliography
10 See also
11 References
12 External links
[edit]Personal life

A fourth-generation Japanese American, Kiyosaki was born and raised in Hilo, Hawaii. He is the son of the late educator Ralph H. Kiyosaki (1919-1991). After graduating from Hilo High School, he attended the U.S. Merchant Marine Academy in New York, graduating with the class of 1969 as a deck officer. He later served in the Marine Corps as a helicopter gunship pilot during the Vietnam War, where he was awarded the Air Medal. Kiyosaki left the Marine Corps in 1974 and got a job selling copy machines for the Xerox Corporation. In 1977, Kiyosaki started a company that brought to market the first nylon and Velcro “surfer” wallets. The company garnered moderate success at first but would eventually go bankrupt. In the early 1980s, Kiyosaki started a business that licensed T-shirts for Heavy Metal rock bands.[2] Around 1996–1997 he launched Cashflow Technologies, Inc. which operates and owns the Rich Dad (and Cashflow) brand.
He is married to Kim Kiyosaki.
[edit]Teachings

A large part of Kiyosaki’s teachings focus on generating passive income by means of investment opportunities, such as real estate and small businesses, with the ultimate goal of being able to support oneself by such investments alone. In tandem with this, Kiyosaki defines “assets” as things that generate cash inflow, such as rental properties or businesses—and “liabilities” as things that generate cash outflow, such as house payments, cars, and so on. Such definitions are somewhat based on the concept of negative gearing. Kiyosaki also argues that financial leverage to be critically important in becoming rich.
Kiyosaki stresses what he calls “financial literacy” as the means to obtaining wealth. He says that life skills are often best learned through experience and that there are important lessons not taught in school. He says that formal education is primarily for those seeking to be employees or self-employed individuals, and that this is an “Industrial Age idea”. And according to Kiyosaki, in order to obtain financial freedom, one must be either a business owner or an investor, generating passive income.
Kiyosaki speaks often of what he calls “The Cashflow Quadrant,” a conceptual tool that aims to describe how all the money in the world is earned. Depicted in a diagram, this concept entails four groupings, split with two lines (one vertical and one horizontal). In each of the four groups there is a letter representing a way in which an individual may earn income. The letters are as follows.
E: Employee — Working for someone else
S: Self-employed or Small business owner — Where a person owns his own job and is his own boss.
B: Business owner — Where a person owns a “system” of making money, rather than a job to make money.
I: Investor — Spending money in order to receive a larger payout in
[edit]Books

Kiyosaki is best known for his book Rich Dad, Poor Dad, the #1 New York Times bestseller. Kiyosaki followed with Rich Dad’s CASHFLOW Quadrant and Rich Dad’s Guide to Investing. He has now had at least a dozen books published. A partial list of his books is included below.[3]
Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money—That the Poor and Middle Class Do Not! (1997)
Main article: Rich Dad, Poor Dad
Originally self-published before being picked up commercially to become a best seller, the central concept of the book is an anecdotal comparison of his “two fathers.” His “poor dad” was his biological father, who became Superintendent of the Hawaii State Department of Education but had very little real net worth. Contrasted with this is his (arguably fictitious, see “Criticism and controversy” section of this article) “rich dad,” advocates tax-advantaged investment vehicles, such as real estate or businesses, rather than ownership of securities. This idea is further developed in his later books and “Rich Dad” became Kiyosaki’s personal brand for various publishing ventures.
Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom (2000)
Cashflow Quadrant is a personal finance and investing book written with Sharon Lechter, C.P.A. as the sequel to Rich Dad, Poor Dad. In it, Kiyosaki discusses what he calls the cashflow quadrant: a grid consisting of the letters “E”, “S”, “B”, and “I”. The cashflow quadrant itself is just an illustrative tool to show the difference between Employees, Self Employed/Small Business owners, Business owners (not directly involved in the day-to-day operation of the company), and Investors. Kiyosaki discusses the differences between concepts and ideas characteristic of each quadrant, particularly as they relate to passive income and tax advantages. Again, as a self-help author, he invites readers to consider their own ideas about money.
Rich Dad’s Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! (2000)
Rich Dad’s Guide to Investing gives the reader a roadmap to becoming the Ultimate Investor, one who uses other peoples’ money to create investments that people want to buy into. While the first two books use broad strokes, this one goes into much more detail about actually implementing some of the strategies heretofore discussed.
Rich Kid, Smart Kid (2001)
Rich Kid, Smart Kid is a retelling of Kiyosaki’s views, condensed and clarified to try and help parents better understand and teach their children key financial concepts. It includes a series of activities that a parent can do with their child to make them aware of property, finance and the various ways and places businesses make money.
Rich Dad’s Prophecy (2002)
Rich Dad’s Prophecy predicts that the market will crash around 2016 when the oldest Baby Boomers start cashing out their 401(k) plans. Individuals whose savings are locked into 401(k) plans will suffer because these retirement plans are not flexible and do not do well in a bear market.[4] Robert Kiyosaki believes this may be his most important book yet.
Why We Want You To Be Rich coauthored by Donald Trump (2007)
Why We Want You To Be Rich is a book written by both Robert Kiyosaki and Donald Trump. It encourages individuals to become financially literate to combat the upcoming problems facing America, such as the shrinking middle class and the entitlement mentality.[5]
Other Books:
If you want to be Rich & Happy don’t go to School? (1992)
The Business School for People Who Like Helping People (2001) - endorses multi-level marketing.
Retire Young, Retire Rich (2001)
Rich Dad’s The Business School (2003)
Who Took My Money (2004)
Rich Dad, Poor Dad for Teens (2004)
Before You Quit Your Job (2005)
Rich Dad’s Escape from the Rat Race - Comic for children (2005)
[edit]Didactic games

Kiyosaki stresses the value of games, particularly Monopoly, as tools for learning basic financial strategies such as “trade four green houses for one red hotel”. Kiyosaki has created several games to reinforce the information in his books.
Cashflow 101
Main article: Cashflow 101
“Cashflow 101″ is a board game designed by Kiyosaki, which aims to teach the players concepts of investing and making money, it costs $195.
There are two stages to the game. In the first, “the rat race”, the player aims to raise his or her character’s passive income level to where it exceeds the character’s expenses. The winner is determined in the second stage, “the fast track”. To win, a player must get his character to buy his “dream” or accumulate $50,000 in monthly cash flow.
The game forces the players to do the accounts by themselves. In place of “score cards”, there are financial statements. Therefore, players can see more clearly what is happening with their money. It generally shows how assets generate incomes and liabilities and ‘doodads’ affect expenses.
Cashflow 202
“Cashflow 202″ is a more advanced game than Cashflow 101. It is designed to help players learn about more sophisticated investing strategies. Cashflow 101 was generally meant to teach investing techniques that would work best in an “up market” where property values steadily increase, whereas Cashflow 202 is supposed to teach investment strategies for a fluctuating market where property values depreciate as well as rise.
Cashflow for Kids
“Cashflow for Kids” is basically a children’s version of Cashflow 101, good for ages 5 through 9. There is also a Cashflow for Kids e-game available for free.[6]
Cashflow The E-Game
“Cashflow The E-Game” is a computer software version of the Cashflow 101 board game. It is not necessary to have the board game in order to play the computer game.
Cashflow 202 The E-Game
“Cashflow 202 The E-Game” is a software expansion of the computer game “Cashflow The E-Game”. Its counterpart is the “Cashflow 202″ board game described earlier in this article.
[edit]Other products

[edit]Rich Dad Advisor Series
The Rich Dad Advisor Series is a series of books written on different business topics. These books are seen as more technical in nature as they tend to be written by lawyers, accountants and other professionals, they are however written for the lay person and it is recommended you see your own advisors. Books in the series include:
How to Buy and Sell a Business: How You Can Win in the Business Quadrant
Protecting Your #1 Asset : Creating Fortunes from Your Ideas : An Intellectual Property Handbook
Sales Dogs : You Do Not Have to Be an Attack Dog to Be Successful in Sales
Real Estate Riches: How to Become Rich Using Your Banker’s Money
Loopholes of the Rich: How the Rich Legally Make More Money and Pay Less Tax
Real Estate Loopholes: Secrets of Successful Real Estate Investing
Rich Dad’s Real Estate Advantages: Tax and Legal Secrets of Successful Real Estate Investors
Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them
[edit]Audio/visual
This is a quick list of audio/visual (such as tapes and DVDs) that have been released. Almost all of Robert Kiyosaki’s books have been released as audio produc