What can I learnt from Financial Literacy Seminar

This one day workshop will take you through the process starting from The Rat Race to the Fast Track, where the rich play their game.

Everyone have a Dream – to be financial free, where you have the choice to choose to do whatever you want with whoever you want and whenever you want.

But before achieving our Dream of Financial Freedom we need to know how money is made by the Poor, Middle Income and The Rich. Also we need to know how the Rich spend to be Rich.

• What type of income the Rich go for that the Poor don't.
• What the Rich do that the poor don't.
• What the Rich know that the poor don't know
• What type of education the Rich have that the poor and middle income doesn't have.
• What types of Investment vehicles the Rich use to made them Richer everyday.
• How you can work less and yet make more money.
• How you can make MONEY whilst you are on holidays or on the golf course etc.
• How to use other people's money to make you richer.
• What type of debt is good and what type is bad.
• Learn how to fill up your personal balance sheet.

“In school how well you perform, people judge you by your report book, whilst in society how successful you are, people judge you by your Financial balances sheet. “ – Richdad.

• How to print money instead of working hard for it.
• Why money is just an idea.
• Why investment is always safe.

“The main reason people struggle financially is because they spend years in school but learned nothing about money. The result is people learn to work for money – but never learn how to have money work for them” – Robert Kiyosaki.

• How you can make money in a bad market and in a good market.
• When is the time you make money, when you buy or sell?
• How to use other people's time to make you richer.

“Wealth has very little to do with timing, education or even how much money you are making – it is merely a matter of getting the right education, mindset and discipline. Create huge sum of money without investing huge sum of money up front and without putting hard earned saving at risk.”

• Why your home can be your liability instead of an asset.
• What your CPA or your banker did not tell you.
• Why middle income people are loading up with liability without knowing about it.
• Simple rules of the thumb to differential between Asset and Liability.

Middle Class : Habit of Thinking is

How can I work hard so I can buy more toys. i.e. sport car, yacht, etc. Which are really liability?

Working 7 days a week is not the solution to your being able to retire. Because the old strategies of the Industrial Age do not work in the Information Age . Your employer and your government are not going to take care of you when you retire.

Rich Habit - How can I acquire more assets that will pay for my toys? which are really liabilities.

Cashflow® 101 - The most powerful financial education board game will be used to demonstrate to you. Cashflow® 101 - It is a mirror reflection of the real life behavior of the rich, middle income and poor. Similarity of real life from Cashflow® 101 will be shared with you by the speaker. You will be trained instantly the habits of the rich.

Rich Dad Asia- Cash Flow FAQ

Learn the cash flow 101 and be financial literate

How to stop envying the Rich but to be the Rich

Most people envy other Rich & Successful and deny themselves to be Rich,m because they don’t believe that they too can be RICH, we will share with you what the rich believe in to make them rich.

RichDad’s Mission

“To Elevate The Financial Well-Being Of Humanity
To Promote Financial Literacy & Education
To Refuse To Accept “Traditional” Thinking And Answers As Fact”

http://richdadasia.com/event/cashflowfaq.asp#ratrace

What is Rat Race?

Robert Kiyosaki defined the "Rat Race" for us.
"If you look at the life of the average-educated, hard-working person, there is a similar path. The child is born and goes to school.

The proud parents are excited because the child excels, get fair to good grades, and is accepted into a college.

The child graduates, maybe goes on to graduate school and then does exactly as programmed: looks for a safe, secure job or career.

The child finds that job, maybe as a doctor or a lawyer, or joins the Army or works for the government.

Generally, the child begins to make money, credit cards start to arrive in mass, and the shopping begins, if it already hasn't.

"Having money to burn, the child goes to places where other young people just like them hang out, and they meet people, they date, and sometimes they get married. Life is wonderful now, because today, both men and women work.

Two incomes are bliss. They feel successful, their future is bright, and they decide to buy a house, a car, a television, take vacations and have children. The happy bundle arrives. The demand for cash is enormous.

The happy couple decides that their careers are vitally important and begin to work harder, seeking promotions and raises. The raises come, and so does another child and the need for bigger house.

They work harder, become better employees, even more dedicated.

They go back to school to get more specialized skills so they can earn more money. Maybe they take a second job. Their incomes go up, but so does the tax bracket they're in and the real estate taxes on their new large house, and their Social Security taxes, and all the other taxes.

They get their large pay check and wonder where all the money went. They pay some mutual funds and buy groceries with their credit card. The children reach 5 or 6 years of age, and the need to save for college increase as well as the need to save for their retirement.

"That happy couple, born 35 years ago, is now trapped in the Rat Race for the rest of their working days. They work for the owners of their company, for the government paying taxes, and for the bank paying off a mortgage and credit cards.

"Then, they advise their own children to 'study hard, get good grades, and find a safe job or career.' They learn nothing about money, except from those who profit from their naivete, and work hard all their life. The process repeats into another hard-working generation. This is the 'Rat Race'.

Why Financial Literacy Seminar is Important to Me?

"Wealth is not about having a million in the bank, but what you do with that million to enable you not having to work another day if you choose too."

Asia is in the process of having the first batch of the baby boomer retiring. But many on this age group is not financially sounded. And the government is considering raising the retirement age to 67 years instead of 62 years.

RichDad say : "Job is really a short-term solution to a long-term problem."

Asia still has not recover from the Asian financial crisis in 1998 and now we have oil prices nearly triple within a year. The whole world is heading toward a recession within the next ten years. With more technology, machine replacing people, the whole globalization is looking at cost-cutting, restructuring, merging of companies, re-structure of employment and outsourcing. Companies will always be on the look out for younger, more productive and lower-cost staff. When a company is optimizing resources and minimizing cost, there is no room for sentimentality.

Staff become less productive and slower even before the age of 45 years. So even raising the age limit will not solve the basic problem as each birthday of the employee is going to be a liability for the employer in terms of cost, time, speed and competency.

Adding cheap labor from third world country to the situation made it worst.

Re-training & educating of the workers should gear not shifting from one industries to another but towards freeing them from their Financial Trap.

Most of the parents grow up in the industrial age, where school only teaches them to look for a job and nothing about money, they continue to guide their children as they were taught and another generation continue to follow the foot step of their parents. Click here to read more on The Rat Race.

One should be educated in Financial Literacy which in fact is available only to a few, the Rich.

This is a common subject for the Rich where it is often discuss with their children on the dinner table and leisure time. That is why you look around, the Rich seems to get Richer everyday whilst the poor & middle class continue to get poorer.

Anyone in the right mind should look at "How early can I retire" and free themselves from being dependent on a job. If given a choice, will you want to slog till the age of 67? - The choice is yours. Click here to for Solution.