Archive for February, 2011

Is passive income through positive cash flowing investments important to your retirement strategy?

Check out our video below where we compare an annuity savings plan vs. an investing strategy requiring life-long financial education. For simplicity, hypothetically both in this example will have the same rate of return. Are the results the same? If not, what are the differences? We look forward to your comments!

Music courtesy of Jason Shaw @ audionautix.com

I am truly grateful for my affiliation directly with the Rich Dad team, and mentoring from systems developed through Robert Kiyosaki.  Our club has been playing Cashflow 101 every week for a year now in Portland, and every game we expand our context.

We are excited to have a member volunteer and commit to presenting his business plan for a specific project that he is excited about.  His goals in the club have included opening his mind to new ways of thinking, and coming out of his shell a bit.

We are setting a ground rule where members will offer no unsolicited advice, especially as to why his plans will not work.  Searching for problems rather than solutions is a very common trait for those only committed on the left side of the Cashflow Quadrant.  Many of us in the club are making the transition to including B and I thinking and action.  However, this rule is a safeguard to be sure that the member can express freely without fear of criticism, and the all too common fear of making a mistake.  For more information regarding the CASHFLOW Quadrant, please feel free to click here for a more detailed post on this site.

It can be helpful to think of the birth of an idea as similar to the birth of a human being.  New ideas are like new-born babies.  They don’t need criticism, or suggestions.  They just need love and support in any way possible.  When we become older and are more developed, that is when it is appropriate to receive constructive feedback for correction.  If the baby does not receive care and love in the beginning, it will die.  The same is true for a brand new idea.

We would really appreciate hearing what you think about the above material.  Have you have had any experiences where you expressed an idea, and immediately people started shooting it full of holes and doubt.  Have you ever had the knee-jerk reaction to begin criticizing someone else’s idea, even before they finish their sentence?  What is the source of the need to immediately criticize?

We look forward to your comments, and having you by for a game sometime!

February 2011
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