Robert Kiyosaki's Rich Dad Poor Dad

By Elwood Misch

If you've ever dreamed of getting out of the rat race, now may be the time do it. One of the most well known gurus who can show you how to make money is the author of "Rich Dad Poor Dad." His name is Robert Kiyosaki. And, he's been showing people how to get rich for probably 20 years. I don't know about you, but I like to follow others who are successful and the Rich Dad Poor Dad guy has been very successful for a lot of years.

At a glance, Robert Kiyosaki's teaching is all about thinking outside the box. This is not a new idea, so what can Rich Dad Poor Dad show us on how to be successful? Well, unlike other financing guru, Robert Kiyosaki won't make you think about making money the old way. He values the importance of education and holding a college degree. However, according to him, if you happen to not have them... it doesn't mean that you can't live a successful life.

Real estate investing, this is how you can have your brain power and create wealth according to Rich Dad. Thinking about it, it's so timely to talk about that matter nowadays that a lot of homes are now in foreclosure. For the most part, Robert Kiyosaki teaches about smart financing and the old tried, tested and true principles of real estate investing is what Rich Dad Poor Dad talks about.

For real estate investing to work, one should really know the properties to buy, when to sell it, and when to hold. And the way to know those is by applying Robert Kiyosaki's principles on finding the right properties, getting creative financing and focusing on financial and academic literacy.

There are many "how to be successful" help books and teachings, not only in real estate investing, but in life in general as well. Rich Dad Poor Dad is not the first and definitely not the last that talks about ways to be successful. However, just like any other gurus out there, Robert Kiyosaki has also had its fair share of controversies around his successes.

There have been some investigations into whether Rich Dad Poor Dad example stories are really true. There have been questions regarding whether the people he speaks about in his book really do or did exist. In fact, some suggests that the Rich Dad was really made up in order to make the book more believable.

Robert Kiyosaki was sued his the co-author of the book Rich Dad Poor Dad. The reason? I and Robert Kiyosaki himself do not know. One thing for sure though, anybody who gets sued, is sued for something dastardly and frivolous lawsuits can backfire on you.

Whether the controversies are true or not, the decision to follow Robert Kiyosaki and use the principles and his book Rich Dad Poor Dad, is all up to you. Just keep in mind, that he's not the only person giving advice in real estate investing. You may want to look around and see which principles will suit you best. - 23159

About the Author:

Elwood Misch approach to real estate investing is focused around getting to know the properties more. This is one of the principles from the book Rich Dad Poor Dad he has been using for several years now.

Software For Real Estate Property Managers

By Layla Vanderbilt

There is a lot of information you need to keep track of when you are a real estate agent. Many people are surprised by just how many details you need to know when you are trying to help your clients. Before property management software came around, agents had to memorize many of their facts and keep everything else in vast amounts of paperwork. Now multiple programs have been created that can keep track of all your data for you.

A software program keeps track of all of the data that a property manager needs. All you have to do is put in the values and let the computer program make all the calculations for you. Having such a program benefits you in several different ways.

Have you ever misplaced an important document that you needed for one of you clients? If you manage many properties this has probably occurred more than once. With the new software you can keep track of most of your paperwork so you don?t have to worry about filing problems. You can even put on passwords so only approved people have access to it. Many real estate agents now carry a laptop so they have all of their data with them at all times.

When tax used to come around, real estate agents would have to sort through a year?s worth of old paperwork to find all the information they needed. With the new software you can find everything you need for your taxes right on your computer without hours of searching. IT will take all of your income and expenses if you need to do some calculations and figure it for you so there are no mistakes.

You may be surprised to know that money transactions are not the only things these software programs can take care of. They can also store data about other properties you have for sale or for rent. Things like ceiling height, wall color, and window sizes can all be stored in one place. Having everything in one location is very handy for a busy real estate agent.

Your software can assist you making different kinds of printouts if you need them. You may want a list of all the properties you have for sale, a list of all the sales you?ve made in the past few months, or maybe a list of all of your clients. When you use real estate property management software all these tasks take only a few minutes.

These software programs have been created just for property managers, but there is still room to change things around if you need to. Although some types of software vary, most allow you to choose a template and customize later on however you want it. This is extremely handy if you have multiple properties you have to manage.

Compared to other methods of recording, management software is by far the most helpful and advanced. Where real estate agents where once limited by how much they could keep track of at one time, the software makes it several times easier. You will be able to condense all of your paperwork into one program that can store almost unlimited data in a very small space. - 23159

About the Author:

Layla Vanderbilt is the webmaster for a leading property management solution review website which connects people with the leading property management tools.

Day Trading Experts Explain How To Make Money In The Stock Market

By Grant Dougan

Becoming a day trader is becoming an increasingly hot way for people to make money. There are individuals who treat it as a full time occupation while others treat it as a way to make some extra cash. With its remarkable profit potential and the charge it provides, it's not surprising more people are taking advantage of day trading.

Naturally you can't merely jump in and make giant cash without knowing the markets! You require to have a certain level of education when you start so that you can make the most of your cash.

The way to make cash with stocks is to purchase low, and sell high. So how does someone know it's time to jump into in a certain stock?

Employ these key day trading tips to maximize your income possibilities:

Read the news and stay on top of the markets. You'll want to keep aware of happenings in the markets, like mergers, takeovers, and financial reports for major companies. You want to have a good overview of the happenings in the markets.

Try not to spend time on shares that have minimal price movement. Change is the name of the game for day trading. As you most likely understand, day trading means buying and selling financial instruments throughout the course of a day. You don't have the time to wait around and see what happens as other money making opportunities are passing you by.

Better your mathematical skills. You need to be able to analyze trending and financial data at a glance. You don't need to be a math wiz, but you must know what the financial data mean in order to make fast, sound judgments.

Stay composed and determined. The individuals who generate the most money are able to maintain their emotions during any swing. you must have a stable mind at all times.

By using these trading secrets, you can be set to make outstanding income with day trading.. There is a great deal of money to be made in the markets and with a little work, you will be benefiting from this stimulating opportunity. - 23159

About the Author:

Make use of these penny stock tips and you will find yourself making great cash in the stock market. Click Here to learn about a penny stock trading system that has been making great money for it's users!

Technical Analysis is a Must For Investors Who Want to Learn Stock Market Investing Techniques

By Chris Blanchet

Beginning investors who want to learn stock market investing techniques will gain a competitive edge by digging into the different types of technical analysis patterns and indicators. While technical analysis is never enough as on its own, it can certainly give investors an indication as to whether they should buy or sell stock.

Although there are literally hundreds of different technical analysis measurements, the three discussed here are among the most reliable formation that investors will cross. It makes the most sense to discover them as soon as possible when one starts to learn stock market investing techniques:

Head-and-Shoulders. Long considered the strongest technical indicator, a head-and-shoulders formation provides a very reliable trend indication as to whether to buy or sell a position in the stock under consideration. A head-and-shoulders top pattern has three sharp high points, created by three successive rallies, with the second rally reaching a higher point than the first and third rallies. This formation is a strong indication to sell the stock and is quite easy to spot, even for people who want to learn stock market investing techniques. Investors should use volume as a confirmation of this patter, with volume highest on the first rally (the left shoulder) and lowest on the last of the rallies (the right shoulder).

Gaps. One of the easiest technical formations to spot, people who want to learn stock market investing techniques will automatically become drawn to gaps (up or down). Typically, gaps provide support or resistance to stock trends. Although trading on a gap up or down can become risky for people who are just starting to learn stock market investing, when a regular trend breaks through that previously formed gap, it is quite possibly a sign of a strong price movement.

Bollinger Bands. Considered an Oscillator when it comes to technical analysis, this does not provide a pattern, per se. Instead, it measures the volatility from the stock's trading mean. Volatility here is defined as two or three standard deviations from that mean, or moving average. Traders who have started to learn stock market investing techniques need to understand that when the stock price crosses the upper "band" a sell signal is triggered and, likewise, when it crosses the lower band, a buy signal is triggered. Cross-overs typically happen during periods of high volatility.

For people who want to learn more about stock market investing techniques, there is a wealth of information available on line, most of it at no cost. However, for more serious investors, stock trading software completes much of the work for you. In fact, many brokerages offer technical analysis resources for free with most accounts. - 23159

About the Author:

Chris Blanchet spent over 16 years as a Financial Advisor at one of the largest banks in the world. For investors who want to learn stock market investing techniques, visit Online Trader Today.com. Chris also maintains a Debt-Free Blog at How To Repay Debt.com

Following Gold

By Ahmad Hassam

Everyone wants to buy gold. Gold is the ultimate global currency. US Dollar used to be pegged to gold before 1973. But with the collapse of the Bretton Woods System that year, US Dollar was unpegged from gold. It became a freely floating currency. Free floating for a currency means the value of the currency is determined by the fundamentals of supply and demand.

Now US Dollar is only backed by the full faith and credit of the US Government. Most of the currencies in the world are free floating now. Many countries are also purchasing gold in the open markets as a hedge of their foreign reserves most of which are in US Dollar. In the present financial crisis with the global economy in recession, many investors are trying to take refuge in gold as the ultimate safe haven of their wealth from financial turmoil.

The Australian Dollar (AUD) is known for its strong correlation with gold prices among the different currencies in the world. This correlation is due to fact that Australia has gold deposits and exports gold. On the other hand, USD has an inverse relationship with gold prices. Gold prices rise, USD falls in value. This causes the currency pair AUD/USD to appreciate in value when gold prices rise.

The opposite is also true. When US Dollar gains value, gold usually loses value and the pair AUD/USD depreciates. So when gold prices are rising, we can execute long trades on AUD/USD. Likewise, when gold falls in value, we can sell short AUD/USD currency pair. This relationship provides us with a method to take advantage of the fundamental factors that affect the currency markets. This relationship may be due to the fact that gold is considered to be the ultimate safe haven of their wealth by investors in times of financial crisis.

How do you follow gold in currency trading? We now know that AUD/USD pair reacts strongly to gold prices. So we will trade AUD/USD based on following gold. Entering a trade to follow gold is a three step process. Use RSI (Relative Strength Index) as the technical indicator to trigger the trade. If you have read the previous article on following oil in currency trading, we had used the CCI (Commodity Channel Index) to trade USD/CAD pair.

When both gold and oil are commodities, why is that we are now using RSI instead of CCI? It all depends on how quickly the two indicators react to volatility. CCI gives a quicker signal. This is good for relatively less volatile pairs. Whereas RSI gives slower signals, this is ideal for more volatile pairs like AUD/USD.

Using a moving average to determine if gold is in an uptrend or a downtrend. Watch the seven periods RSI on AUD/USD chart to enter one of its reversal zones. Then move back out of the reversal zone in the same direction as the gold is trending.

Enter a long trade on AUD/USD if the gold prices are rising and the RSI is crossing back above the 30 line. On the other hand, enter a short trade on AUD/USD pair if the gold prices are declining and the RSI is crossing below the 70 line.

Set a limit order of 200 pips and a stop loss order of 50 pips. This gives a risk to reward ratio of 50/200=1/4. 200 pips mean $2000 profit if the trade goes as you had anticipated. 50 pips stop loss means a $500 loss if the trade does not go in your favor. It is not uncommon to have a trade go against you only to find yourself right back in trade that goes your way. - 23159

About the Author:

Mr. Ahmad Hassam is a Harvard University Graduate. He is interested in day trading and swing trading stocks and currencies. Discover A Revolutionary New Forex Robot. Develop your own Forex Trading System.