Rich Dad Predictions - The Good, The Bad and The Opportunities (2014)

The three things you should work hard for in life are:
1) Health
2) Wealth
3) Happiness

The following are notes I made from (and expanded on) Rich Dad Robert Kiyosaki's 2014 Predictions webinar earlier this year.

- Robert says in the next 5-20 years a Massive correction in the stock market.
Well in my opinion even a broken clock is right twice a day, so allowing himself such a big period to be right.
Although those with market linked pensions and other long term investments DO need to pay attention NOW, else in 5-20 years they will see the inevitable happen, as predicted. 
So 2019 is the date, which will be here very soon.
(I believe the market will dip before mid-2014)

Stock market is rigged and insiders depend on it, so trying to keep it that way. Beware of financial planners/advisors, as they are just sales people, not real investors.

A market 'Investor' has a 'buy and hold' strategy that benefits the brokers and market makers, who make money whether you win or lose.

- Traders go with the market, Traders aren't concerned about controlling the market, they are concerned about controlling their position.

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Unsustainable resources, such as peak oil.
A lot of manipulation is happening, trust yourself if something doesn't seem right.

Everything comes from the earth, then at the top of the pyramid is the paper derivative which is the most risky.  That is where everyone is. 
Stocks, bonds, mutual funds, pensions (US 401K) will lose the most and the fastest, with electronic trading. 90% of population will get wiped out financially.
Also your house is not an asset.

- If you're not prepared for upcoming market correction, you still have time to do so.

- Bucky Fuller said in the industrial age you could see change coming - but you can't see it coming today!

People are now doubling up and up to 3 generations are starting to live in one home again.

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- Understanding the relationship between a "policy" and a "demographic" will help predict the future.
eg. Baby boomers are going to all retire at the same time and need health care.
 More people pulling out of the stock market than going in.

Tax laws show what the policy is, Govt makes tax allowances to make people put money where they want it.
Currently Govt wants investors to provide 'low cost housing' so benefits are there.

In business investment a cap rate is a return a business will provide for the investment you put in.
In stock market this is called the P/E ratio (stock price/earnings per share), which has traditionally been 13/14, now at 19 ratio, giving less value than usual.

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Financial advisors aren't educated in the market, similar to mortgage brokers, who are trained to sell you a product and make a commission versus being investors/traders themselves.
Also most accountants only understand maths, not making money.
- Ask the what they are studying!

- When the market crash hits, most people will be wiped out because of their lack of financial education.

- Most people don't address their financial issues because they are intimidated by what they don't know.

- Advice isn't education. Be sure to work with those who can teach you what you need to know.

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There are three levels of wealth:
1) Primary (real resources like fish, oil, gold)
2) Entrepreneurs (get the resources and use them)
3) Paper (stocks, bonds, mutual funds, savings)

Price of oil and resources is always going up.

- The financial crash will be quick and massive due to exponential progression/change.
(The bull goes up the stairs, the bear goes out the window!)

Entrepreneurship is best place to be and get in a business that you can do well in during an up and down market!

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Most people in stock market and property/real estate are relying on false security of prices going up.

- When the financial environment changes, you need to be able to change with it.

Robert is now a 'prepper' as well. Financial preparation, ask "how can I protect my situation"?
Have friends you can count on. Make sure have food, water and defences/guns. Get prepared and stocked up.

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- When investing in property/real estate, take into consideration what industries and economies will affect your investment.

Energy, healthcare, technology and education are four industries that are growing.

- Migration drives real estate prices.

Read "Shaping Our Nation" by Michael Barone if based in the USA, as it's about US migration and politics.

Taxes are going to go up.

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- Rethink your position in the stock market.

- When it comes to investing, it's never too late to start.

- You are ultimately responsible for your money. Take action!

- Make your financial well-being one of your top priorities.
People say they are too busy with work, career, family, children etc…

- Think 'preparation' instead of 'panic'

Derivative are mass weapons of financial destruction.
In 2007, there were $700 trillion of derivatives, which caused the crash (not sub-prime).
Now in 2014, derivative market is $1.2 quadrillion, which is waiting to be triggered!!

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Those who have lost it all have to go back to zero and start again - with 1-bed flat, with a small business.
Taken it easy all their life, being an employee, saving and investing in stocks as they've been told.
Not qualified to play the game in the future.
You can only handle things in the PRESENT!

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Your greatest asset is your brain, your mind and your friends.

The more you know, the more you realise you don't know!
Continue to study, get more information and listen to different people.

There is a difference between spending and investing.

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Difference between education and a sales pitch:
Sales pitch only gives you the good side,
eg: go to school and get a secure job (= pay more in taxes and feed the system) 
OR put your money in the bank to get interest (= get little in interest and inflation runs much higher)
EDUCATION gives you BOTH sides, the good and the bad!

When you study the data, you start to see the trends.

Read books; study; learn; get a coach; take action. Do something.

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Recommended reading Prophecy (by Robert Kiyosaki) and The Crash Course (by Chris Martensen)

Below is an audiobook version of Rich Dad's Prophecy on Youtube


Rich Dad Prophecy audiobook - http://youtube.com/watch?v=9egVgFjPrFQ

UK Banks causing a double dip?

The Banks were technically bankrupt a couple of years ago but got bailed out by us. Now they want as much cash in as possible, despite the cost to businesses and the economy.

Unfortunately the Banks are not run by people but systems and organic robots – they are only interested in their bottom line and do not care about the economy, taxpayers, you or me.

The dip is coming, not good news for people with equity to lose or poor cash flow – but an opportunity for investors to stock up on houses!

See Simon Zutshi's article below and join his Mastermind Programme to stay ahead of the pack.

Bobby

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Check out Simon Zutshi's Property Mastermind Programme

Simon Zutshi is giving away a full scholarship on his next Property Mastermind Programme starting in October 2010.

This is an incredible 12 month Programme that will teach you how to be a professional investor with the objective of buying £1m in property and giving your £50k in the bank in 12 months.

For details of how you could be the lucky person to receive this incredible opportunity, you need to register your interest on the Property Mastermind Scholarship “Pre announcement list” by Clicking Here
Property Mastermind Programme

Note: This offer is for Serious UK investors Only!

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Are the UK Banks causing a second dip?

by Simon Zutshi

"There is a lot of talk in the media at the moment of the possibility of a second dip in the UK housing market. There is a good chance that there could be a second dip particularly when the banks release all of the repossessed property that they are currently holding, into the market. When the supply increases then house prices could fall further, if the demand is not sufficient to soak up the extra supply.

However, I would argue that the demand is there. The two groups who stimulate the market are investors and first time buyers. Investors realise that properties stack up well at the moment, far better than they have for a few years. If you are investing for the long term it does not matter if prices fall in the short term, as long as you can afford to hold by ensuring you buy in an area with strong rental demand and positive cash flow each month after all the expenses. First time buyers are also keen to get on the ladder before prices go up although many of them are uncertain about what the future holds due to all the scare mongering in the press.

The main problem lies with the UK banks and their lending policy. Understandably they have learnt their lesson and I am sure will now lend more responsibly than in the past, which has got to be a good thing. However, for the UK market to recover the lending availability has to improve. The banks are already being cautious by restricting their lending on Buy to Lets to 75% Loan to Value so they have plenty of buffer in case prices fall.

They are also being careful of whom they lend to although I would question the logic behind some of their decisions. The Lloyds TSB banking group now owned by the government (or rather the tax payer) restrict the number of mortgage across its brands to a maximum of nine. Most experienced investors, with a reasonable sized portfolio, would exceed this limit and so would not be able to get further mortgages for any lender in the group including; Birmingham Midshires, Halifax, Lloyds and C&G. Ironically these banks seem to be happy to lend to a complete novice investor, with absolutely no experience and so someone far more likely to make mistakes than an experienced investor to whom they will not lend. It does not really make sense.

But the real problem is that the banks are instructing surveyors to down value properties in their surveys. Most surveyors would say that a property is worth what someone is prepared to pay for it. However, this wide spread policy of down valuing property ignores the fact that there are buyers prepared to pay the agreed price. When the property is down valued the mortgage offer is adjusted down and often not sufficient enough for the buyer to afford the property, so the sale falls through. The surveyors are under pressure from the banks and they don’t want to be sued for getting it wrong.

Willing buyers are not able to make the purchase they want and so the market stagnates as people get stuck in chains and the net effect is less sales. Less sales will lead to a fall in prices and a general down valuing of the market. Thus the second dip that the press seem determined to talk us into.

This is bad news for everyone, including the banks who will have even less security and equity on their existing lending. With many people potentially in negative equity unable to afford to move, the market will stagnate further and take even longer to recover. Again bad news for everyone.

If we are not careful we will get to the point where no one can sell or buy and the only solution will be to do every property transaction as an option. I am convinced purchase lease options will become far more common place over the next few years.

What we need is some positivity in the press to encourage first time buyers to stimulate the market and general easing of lending criteria so that more people can access the funds to buy the property they want to purchase. And ideally an end to this policy of Banks telling surveyors to down value property.

Come on UK Banks….sort it out. As owners of many of the banks, the new government should wake up, smell the coffee and realise what is going on. Unless something changes I predict that the UK Banks will cause a second dip in the UK house market."

Simon Zutshi, - Founder of Property Investors Network

How do I host three events in March?

I don't know how I got into the event's industry, find the time to organise/promote them or even where I get the energy to be there and help out - but I do know that I am passionate about all the topics being discussed, meeting people AND Making a Difference in a BIG way.

Here's two fantastic tips for you:  
Find what you really love doing, enjoy talking about and watch work become play ;-)
And TEAM: Together Everyone Achieves Miracles!

Events are for property investment, internet marketing and youth coaching.  Please come along and check them out if you are interested and in Huddersfield, Leeds or London on the following dates.

Speakers and hosts are Steve Foley, John Lee, Vincent Wong, Amanda Brown, Dwayne Kerr, Harry Singha, Michelle Cairns, Rachel Leigh, Michelle Pyman, Emmy Yeadon.

All the best,
Bobby

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Northern Property Network - THURSDAY 4th March 2010
with John Lee, Vincent Wong and Amanda Brown
Date: Thursday, 04 March 2010Time: 18:30 - 22:30
Location: George Hotel
St Georges Square,
Huddersfield, HD1 6JA
Hosts: Bobby Gill and Steve Foley

To find out more and to book a place, register here:
http://www.northernpropertynetwork.co.uk/?mar10-blog
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March guest speakers are:

Vincent Wong and John Lee
This March we have Wealth Dragons and good friends John Lee and Vincent Wong coming to speak to us about a great new way of investing using Lease Options.
Property millionaires and authors of the first book on Lease Options in the UK, they say you too can become financially secure within 12 months. The secret lies in knowing what strategy to use in any market conditions. If you can afford to buy a TV, you can afford to buy a house and build a multi-million pound portfolio.

Amanda Brown
Also Amanda Brown from PDS - Planning and Development Solutions. Amanda is an Accredited Landlord and has a portfolio of 4-6 bed houses in Leeds that she multi-lets. She will be speaking regarding the proposed changes to the class system with regards to HMO's (Houses of Multiple Occupancy), and how to reduce your risk now and in considering the purchase of further properties for rent.
PDS also advise landlords on conversion to flats, HMOs, bedsits regarding enforcement / applications / appeals and making the best of their portfolios.

To find out more and to book a place, register here:
http://www.northernpropertynetwork.co.uk/?mar10-blog
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'Social' Internet Mastermind - Tuesday 9th March
Networking event with Social Media Q&A session
Date: Tuesday, 09 March 2010Time: 18:30 - 22:00
Location: Pitcher and Piano
200 Bishopsgate,
London, EC2M 4NR
Nearest Tube: Liverpool Street
Map: http://tinyurl.com/yf5s5pu
Hosts: Dwayne Kerr and Bobby Gill

"Who Else Wants To Meet Successful Internet Expert Make Money Online"

- Internet Business Mastermind Networking Event -

Success with the internet is not easy.

For YOU to become a successful full-time internet marketers you must set aside TIME to associate with other successful internet marketers.

You'll have the chance to question each of our Internet Experts when you attend one of our regular internet networking events held across the country.


Register at this link to attend:
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http://www.ibusinessmastermind.com
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At This Special Social Networking Event you'll get a chance to network in a relaxed atmosphere AND...

* A special "How To" nuts and bolts Q & A ask the experts session on using Social Media success strategies.
* You'll get to rub shoulders with active "UK BASED" internet marketers.
* The chance to share your business ideas with real people who will know how to take it forward.
* Pick up useful tips that could show you the difference between an online success and an online miss.
* Get access to a wide range of JV partners in many online niches.
* Plus much more...


Register here to attend:
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http://www.ibusinessmastermind.com
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Youth Coaching Skills Programme in Leeds - - Friday 26th March
Presented by Youth Coaching Academy's Harry Singha - A special day for young people, teachers, parents and coaches.

Date: Friday, 26 March 2010
Time: 09:30 - 17:00
Location: Leeds - TBC
Sponsors:
Michelle Cairns
Bobby Gill
Rachel Leigh
Michelle Pyman
Emmy Yeadon
 

Presenting

The Academy's Highly Acclaimed One Day Version of The Essential Youth Coaching Skills Programme For FREE!!

That's Right,You Can Attend This Programme Delivered By Harry Singha Himself, As Our Guest!

The Event is sponsored by a group of Individuals from around the Leeds area. The course retails at £150 per person and we are delighted to announce that we are sponsoring this event. So you get the training and workbooks for FREE and all we ask is you pay £10 to cover the cost of the venue.

We are teachers, parents, youth coaches and local entrepreneurs with one thing in common: We are really passionate about young people and personal development!
If you wish to Increase your confidence and competence to inspire young people to shine even more then this is for YOU

Would you like to improve your existing skill set in relation to:

* Helping young people to learn better
* Communication and engagement with the ‘hard to engage’
* Managing your own state and supporting others to do so

Plus would you like to have simple yet practical tools to use immediately to help others to:

a) Identify what they really want; and then
b) Identify exactly where they are now; and then
c) Create a workable plan to get there!

Register your details here to book and for updates:
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http://www.youthcoachingacademy.com/leeds2010
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Have you heard of life coaching and wondered why it seems only available to celebrities and executives and in the main to adults?

That's the exact question Harry asked himslef when became one of the UK's first accredited Life Coaches in 1999, when he commited to a mission of making Life coaching more accessible for young people around the world, by training young people and those who care fro them to become coaches!


Fact there are tens of thousands of trained coaches in the UK now and the research and evidence of its effectiveness is mounting. The DFES and the National College for School Leadership are all acknowledging and promoting the use of coaching within education establishments.

Register your details here to book and for updates:
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http://www.youthcoachingacademy.com/leeds2010
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Simply put coaching is a powerful relationship for supporting an individual/group to bring out the best in themselves.

We are passionate about supporting the personal development of young people in the North of England and beyond.

In our commitment to the above we are delighted to announce the realisation of one of our objectives bringing Harry Singha, Chairman of the International Youth Coaching Academy, the pioneers of Youth Coaching.

Here's what you will get from The Youth Coaching Academy's One Day Essential Youth Coaching Skills course:

o Introduction to youth coaching
o How to avoid Learning challenges and a way to support anyone to learn anything
o Emotional resilience – how to change from an undesired to desired state
o How to communicate and engage with the ‘hard to engage’
o Advanced rapport building skills
o Effective Listening and Questioning skills
o How to use a universal coaching model to support anyone to identify a Goal and then identify where they are in relation to it and then take some steps to move towards it.
o How to take any issue and end up with an action and a celebration for dealing with it.

The course offers all participants practical skills to be able to use immediately and confidently.

Register your details here to book and for updates:
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http://www.youthcoachingacademy.com/leeds2010
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Property Investment Strategies for 2009!

Forget Everything You Thought You Knew about Buy-to-Let Property Investment

* Banking sector nationalised
* 60% Plunge in house sale
* Transactions grind to a halt
* Headlines Screaming 35% Fall in Valuations

It's Time To Face The New Reality of Buy-to-Let Property
Especially The Holy Grail of Investments - HMO's (Houses in Multiple Occupancy)
Best Time Ever to Purchase Property - But How To Finance?
How To Convert Non-Performing Buy-To-Let Properties
How to Bypass Hype, B.S. & Economic Uncertainty
How To Ride The Storm & Learn Expert Strategies & Solutions
and Much Much More..

At the B2L-HMO Summit The UK's top Buy-to-Let experts were asked NOT to give their usual talk. All experts responded brilliantly giving their strategies for 2009.

So what exactly did Simon Zutshi, Rob Moore, Jim Haliburton, Ranjan Bhattacharya, Glenn Armstrong, Vanish Patel, TV's Secret Millionaire - Caroline Marsh, TV's To Buy or Not to Buy - Sarah Walker, Barry Danser, John Lee & Dr David Kyte have to say?

This special 10 DVD set filmed Live in London is the equivalent to attending a year of networking meetings.

Check it out now: Buy To Let / HMO 10 DVD Set




Stay Ahead - Get your 2009 Buy-To-Let property strategy in place - Now!

This DVD set will give you new Strategies for 2009. You need to get your hands on this info if you're anyway involved in property, novice investor or seasoned pro. Buy To Let / HMO 10 DVD Set

# Jim Haliburton - 500 HMO Tenants, Now That Is Multiple Income Streams
# Rob Moore -How To Make Cash In A Property Crash
# Glenn Armstrong -200 Houses Using Other Peoples Money
# Caroline Marsh - TV's Secret Millionaire
# Sarah Walker - TV's To Buy Or Not To Buy
# Vanish Patel - Statistic Analysis & Reasoned Strategies For 2009
# John Lee - even More Below Market Value Using NLP
# Simon Zutshi - Fresh From Property Magic With New Tricks For 2009
# Barry Danser
# Ranjan Bhattacharya

A Must-Have DVD Set For Both Novices & Expert Property Entrepreneurs.
Get it here now: Buy To Let / HMO 10 DVD Set



Red-hot Strategies for 2009!
Buy-To-Let / HMO property DVD's
With brand new info and 10 TOP Property Experts

The Death of Property Investing Report by Simon Zutshi

Is Simon Zutshi REALLY spelling the death of property investing during the credit crunch?

Have you seen this report? click here to get the report

This underground report is quietly kicking up a storm on the internet at the moment.

Not least because the author Simon is a No.1 best-selling property coach, and mentor to hundreds of professional property investors.

It is a thought-provoking, candid yet controversial account of the current market. If you're not happy believing everything you see in the papers, then I recommend reading this to find out what's really going on.

Download The Death Of Property Investing here: Free property report

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A couple of the 165 comments about the report:

"Great report Simon and definitely worth reading. Everyone is asking these questions and it is good that you’ve pulled them together in a simple report. Page 14 covers nicely what a lot of people are thinking" - Bobby Gill

"Thanks once again for a no-bullsh!t common sense report Simon - Once again, all meat without the fat!" - Mike Michaelides

"Excellent report, I agreement with your sentiments, all investors whether professional or otherwise must get clear in their minds money can be made in a falling market." - George McCormack

Rent To Own Lease Options Presentation, 22nd and 24th July 08

Rick Otton and David Lee will be in ESSEX on the 24th of JULY (hosted by Pat Cunningham) and WEST SUSSEX on the 22nd of JULY 08 (hosted by Nicola Cairncross).

There is limited seating and you will need to CLICK through on this link and register with David to attend. You can book for either event on this link:
Rent To Own Strategies

Make sure you register now to get half price entry.

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Learn how you can generate positive cash flow right here in the UK in a way you thought was only possible in America, Australia, New Zealand and every other country in between!

David Lee is coming to Essex and WEst Sussex with Rick Otton to share their secrets on "How To Invest In Buy to Let, Use Little Or No Money, Never Visit A Bank And Have No Mortgage Debt!"

You could follow the herd with a buy-to-sell strategy that can sometimes go like this:
- Buy 25% below market value
- Get completely stressed out managing and refurbishing
- Incur months of mortgage overheads and resell costs
- Also sell below market value for a quick sale

Or, you could try something that often goes like this:
* Buy around 15% below market value (easier to find)
* Do zero refurbishment and have my tenant-buyer do it themselves
* Incur weeks of mortgage overheads while they do the work and have minimal resell costs
* Sell at full market value, not giving away your profits, in exchange for time for tenant to buy later

You can find out more information and book onto the workshop here:
Rent To Own Strategies

Saturday 15th March 08 - Buy to Let Conference, Heathrow

Friday night I drove to a few hotels including the Holiday Inn. There was no room anywhere, even at the Inn!! I couldn't call any of the hotels on my list either as my phone battery had died!

I went to the Novotel where the Buy To Let conference was going to be and they were full too. It was nearly 1am and it didn't look like I was going to find a room. I decided to use the foyer bathroom as it might be a long night! Then Steve F. the organiser walked in and said thanks for coming. I explained my situation and got the the couch second night running, it was a pull out sofa bed too! How 'lucky' was that!?

We got the conference room ready and went to bed at 2am. Steve kindly put on 2 alarms to go off ridiculously early... and it was all go again. Wasn't sure what the breakfast arrangements were but the food was good.

I met some property forum members I'd not spoken to in a while Naveen A. and Chris B. and even more facebook friends including Catherine B.! Small world indeed thanks to the internet.

This was also the second time I'd be listening to people speak this week, having seen them in Nottingham on Tuesday. Rob Moore who have a book and property management company - and Glenn Armstrong about his property BMV course.

Maybe they thought I was a stalker!! Other speakers at the event were Vanish Patel, Ranjan Bhattacharya and Nick Carlile discussing Property courses and franchises.

Steve F. the organiser is helping me set up the Northern Property Network for 2nd April 08 at which Nick C. will be speaker. We will also be looking at doing further projects together.

I was going to miss the speakers on Sunday about Auctions and HMO's. There was something else in London I wanted to attend on Sunday.

I'd called my friend Andrea S. to book me a hotel for the evening near the tube line for tonight, as I had to be in central London in the morning and I didn't want to rely on my luck for tonight as well! So I headed off for 'Boston Manor' about 9pm.