122: Invest In Yourself And Get To Financial Freedom with Kim Kiyosaki

 Kim Kiyosaki: Invest In Yourself And Get To Financial Freedom with Rich Woman

In this episode we have a very special guest is none other than Kim Kiyosaki. She is an Internationally renowned speaker, best-selling author of “Rich Woman” and “Good Deal, Bad Deal”, Radio Show Host, Entrepreneur and Real Estate Investor. She is also the founder of the Rich Woman organisation. Kim realised early on in her career that she didn’t want to be an employee. In search of something more, she worked to develop her skills and made her first real estate purchase. She now controls millions of dollars of investment property and is committed to helping women achieve financial freedom through investing and taking control of their financial futures. 

Rich woman book

Kim Kiyosaki wrote the book entitled “Rich Woman”. Here she shared the inspiration behind the birth of the book: 

(3:45)The reason Genecia I wrote Rich Woman was because Robert and I, we travel the world teaching the Rich Dad philosophy taking two big groups and I will get up on stage and I will speak to the women for just a few minutes and at every event whether it's Singapore or we're London, Tokyo, Johannesburg wherever it was at the end of the event I’d always be surrounded by women and they had the same questions and the same issues and the biggest thing I realized is there's a huge huge huge demand for women to be educated about money and actually, we women, not only have we not been expected to know much about money but we’ve actually been taught to depend upon somebody else for our financial well-being.

Financial Literacy 

Financial independence is not based on gender. It happens through education. This is Kim’s encouragement for women to be financially secured:

(4:52)So my whole message is we need to be in control of our finances we need to step-up and be financially literate and ideally it's up to each one of us to be financially secured 

(5:07)Nobody’s gonna do that for us 

(5:09)No financial advisor no financial planner it's up to us. And it's not rocket science anybody can do it but it takes time and it takes education
 She added that to be financially stable requires a process: 

(6:17)Actually starting to take control of your finances starts very simple. You start small and take baby steps we don’t go for the big deals we stick with the small deals. And the most important thing is that understand there’s no secret sauce, there’s no magic pill 

(6:49)It’s a process and it’s a process of education, it’s a process of experience but it’s not difficult. 

(06:58)it’s just a matter of committing 

Risk taking in Business

You don’t have to have it all figured out to start a business. Oftentimes you don’t have anything but risk. Here’s how Kim started from nothing: 

(7:41)I started with nothing and I’m gonna tell you that the best thing of all is that I didn’t have the money, Robert and I did not have the money.  

(8:10)Probably for the first 10-12 real estate deals I did, I did not have the money now what that forces you to do is get very very very creative 

For Kim, she chose real estate as an avenue to invest:

(8:22)Once you see the property or whatever investment it is you’re interested in. Once you see it , and touch it and feel it then put your mind to work on how can I now get the money, how can I create the money in order to get the investment.

(9:54)What you want to do is create positive cash flow. My investment of choice is real estate there’s many other ways to gather cash flow whatever works for you.

(10:05)But we had 10 thousand dollars a month cash flow from our rental properties. But we only had 3 thousand dollars a month in living expenses. So at that point $10,000 coming in and $3,000 going out we were finan