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The 8 Wealth-Building Assets of Network Marketing
Robert Kiyosaki believes in the power of network marketing! In his new book, he explains why this is the best time to start your own business and secure your financial future!
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Questions from Readers for Robert T. Kiyosaki
Q
It is an honor to have the opportunity to pose a question to you. I am an American attorney based permanently in Bangkok. I have a reasonable income but continue to occupy the wrong quadrant. My question: Foreigners (who are not married to Thai...
Mari-O
asked
Nov 20, 2011
Hello and thank you for the question, I want to start off by saying that this is your life, your money and your decision. Asking for advice is good, but you must do your own research and ultimately make the decision. While one great advantage for real estate in the US is the 1031 exchange, it is certainly not the only advantage. Real estate generally has many tax and legal advantages. It also has the ability for one to take on great debt, have someone else (your tenants) pay off your debt while you keep the asset. I do not know the taxes or laws in Bangkok, but I would take the time to get educated about them to know if investing there is good for you. The idea of your turning over your hard earned money and giving it to someone else is the mindset that has eroded our society. It is a lazy mindset and one that refuses to take responsibility. If you do not know what to due with your money, then find out! Look at the four assets (commodities, paper, real estate and business) find out what interest you, get educated, build a team and take control of your future. It sounds like you have the start to a good real estate team in Austin. Leading a great team is the way to wealth. From what you've written, it sounds like you are missing a good broker to bring you the deals. Ask your existing team members for recommendations. Interview until you find a broker who has access to deal flow, understands the cash flow investing mindset and who invests him/herself. Once your team is solid, you will get the deals you need and have the ability to take advantage of the laws and tax benefits to real estate. You are off to a good start. Keep getting educated and build up your team.
Robert T. Kiyosaki answered
Dec 6, 2011
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Most Helpful Customer Reviews
72 of 74 people found the following review helpful:
5.0 out of 5 stars
An Excellent Book To Give Your Best Prospects,
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Amazon Verified Purchase(What's this?)
This review is from: The Business of the 21st Century (Paperback)
Robert Kiyosaki has built several multimillion dollar businesses. As such, he is a good person to objectively critique the business of network marketing. In this book, he lays down the reasons why network marketing is the best way for the average person today to build a significant asset that will permit them to live and retire in freedom.
He spends the first half of the book explaining why the old path to Industrial Age financial success -- "get a good education, find a good job, work hard for forty years, invest in stocks and real estate, etc." -- no longer works in the Information Age. The second half of the book explains what network marketing is, what it is not, and why it is the best option to create personal income security today. Kiyosaki lends his substantial credibility to this much-misunderstood business to clear away the misconceptions that keep many prospects from joining. He demolishes objections one by one so that those who are determined to succeed in "The New Economy" will see that only network marketing offers all the benefits of a huge business, with none of the risk, expense, and complexity. Network marketing is a revolutionary business format that relies more on communication, leadership, and team-building skills than it does sales skills. It doesn't require a college education or large investment to build a six-figure (or higher) income. There is no glass ceiling. There is no need to abandon a J.O.B. to start a network marketing enterprise. This is the book to give your best prospects and team members The Business of the 21st Century. It is a quick read which explains the business, without the usual hype about the magnificent potential incomes, but rather, in the context of what makes any business a success in our current economic situation. I especially liked the final chapter of the book, where Kiyosaki describes network marketing as a democratic force for increasing world peace and prosperity. Network marketing is leveling the playing field, making the opportunity of building a successful business available to all. More than "just another business book", this is truly a message of hope for those looking for the opportunity to create their own income security in this period of global economic transition.
29 of 30 people found the following review helpful:
5.0 out of 5 stars
This CD is an amazing tool,
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Amazon Verified Purchase(What's this?)
This review is from: The Business of the 21st Century (The Business of the 21st Century - Audio CD Version) (Audio CD)
With so many people looking for something better in their life but skeptical of "better offers" this is well worth a listen. I am new to Network Marketing after 23 years of owning a brick & mortar retail store. What I've noticed when I show network marketing to others is that they like it, but do not trust their gut that this really is a amazing vehicle for building wealth. This CD helps gives credibility to people with antiquated ideas of what network marketing is and it helps them make the leap to begin their path to financial freedom. I buy these in quantity and hand them to anyone considering network marketing. I am so grateful to Robert Kiyousaki for creating it and writing the book. "The Business of the 21st Century"
23 of 25 people found the following review helpful:
5.0 out of 5 stars
3rd Party Validation for Network Marketing,
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This review is from: The Business of the 21st Century (Paperback)
Outstanding! I'm not quite finished with the book however it portrays the network marketing industry in a GREAT LIGHT! I'm very excited to be 'currently' reading this book (well into Part Two) and it will be used as a tool for my teams 'book of the month'. Believe it or not the book for the month of March was 'Rich Dads Conspiracy of the Rich'... :-)
This book is a no-brainer if the question pops up in your mind IF you should get it... GET IT! Robert and John really provide a view of the industry from the 'top-down', from the mind of one in the B quadrant...and that is the best possible standpoint to view network marketing. I thank Robert and John for their insight and HONESTY about this business and their encouragement to the reader that if they want to 'change addresses' and move from the left side to the right side of the quadrant- into the B quadrant, than network marketing is a great start in BUILDING a B quadrant business that will turn into a real asset in just a few years... Thanks Robert, thanks John... Darrin San Diego, Ca.
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