This is why I joined Robert Kiyosaki on his quest.

  Written by Tiemen Staal on Oct 10, 2008 11:53 PM

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Don't look at your investment accounts, it will leave
you with nothing but bad mojo for the rest of the
day. Put yourself on an information diet.

After 9/11 the American consumer was told to
go shop in the name of patriotism by a misguided
government. Consumer debt was allowed to balloon
(because most people didn't have the cash for a
lifestyle upgrade) thanks to inflated home values.

Our homes didn't really increase in value, the prices
were temporarily driven up thanks to a large pool of
buyers fueled by easy credit. Our banks got greedy
and everyone was happy to look the other way because
everyone was making money of the spend happy consumer.

Record store sales, new cars for everyone, and so on. Maxed
out? Just put it on your home equity loan (heloc). Things at Chase,
my former employer, were no different. Our credit policies didn't even
consider home equity as consumer debt since it was secured!

I complained to credit managers for failing to consider that
those loans would get paid before any of our
unsecured credit lines. Regrettably my concerns fell
largely on deaf ears. Now those banks in second
position with their helocs are not even getting paid,
let alone the unsecured lines such as credit cards.

Today's loss of wealth is basically a final reckoning
for living well beyond our means for a number of years.
We can blame anyone we want, but we are ultimately
(and legally) responsible for all the debt we have
created in our lives. They did not hold a gun to your
head when you swiped that credit card.

You signed on the dotted line.

For this very reason I have joined with Rich Dad to aid
Robert Kiyosaki is his quest of enhancing the financial
intelligence of the general population.

Ask me how you can take part in this.

Warmest regards,
Tiemen Staal

About the Author: Tiemen Staal

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Member Since: 04/30/2008
Company: WorkForNobody.com
I'm a Distributor For:: Wealth Masters International
Industry: Consulting
Primary Web Site: http://workfornobody.com

Comments

I'm With You

I am with you and Robert on your quest to educate the masses. When Robert was speaking last night on the call about the stupidity of thinking these politicians are going to save you from this mess I couldn't have agreed more but I see it everyday as I am sure you do as well.

I see people who are so excited, so infatuated with a politician that they'll believe anything they're told. I have seen people who would trust in the leaders so much if they said the economy was booming but gas prices were $10 a gallon they'd probably believe them.

I think most of it (not all certainly) is a lack of knowledge. Ignorance is the driving force behind why most people fall into these traps. I'm glad you wrote this and you better bet I'm right there with you on this quest.

Amelia Carlson — Fri, 10/10/2008 - 4:28pm

Hellz Yeah!

The b!+@# slap to America Robert gave on that call was priceless.

This is no time to be looking to a politician to save you.

Time to take matters into your own hands. Great content Tiemen.

-Ferny

Ferny Ceballos — Fri, 10/10/2008 - 9:45pm

Wake Up Call

I just listened to the MP3 recording by Mike Dillard with Robert Kiyosaki and John...

Very interesting and well said about commitment. Although Robert supports Network Marketing business he is not actually with one, is he? He mentioned francizing, oil wells, etc

Jackie

http://www.resultmakemoney.com/blog

 

 

 

Jackie Khor — Sat, 10/11/2008 - 12:07am

Good Commentary Tiemen

I am right there with you.

How are you affiliated with Rich Dad and Robert?

Seif

johnseiferth (not verified) — Wed, 10/15/2008 - 12:20pm

Thanks! Cashflow 101 started it all my friend.

It started when I got in touch with Jovan Will at Mike's event in Austin and he started inviting me to his Cashflow meetups. Then we started talking about me starting a Cashflow club myself as the Franchise was just starting out sponsoring official clubs. So I signed on to start the second such club and started attending meetings at Rich Dad with Kelly and Guy. I met Robert last month when he got back from his ordeal in Vegas with the Lechters and his subsequent heart surgery.

There are things to iron out in terms of the backoffice and how exactly the Franchise's Cashflow Clubs will work with Rich Dad education and Rich Dad's Coaching but we'll get there. The future is bright for financial education and coaching, but that should come as no surprise.

-Tiemen

Tiemen Staal — Wed, 10/15/2008 - 2:38pm

Buying and Selling in the PresentEconomic Crises

I am not sure that I know enough to comment,but the other day was thinking I am  new in this net work thing, and I know that , dispite the fact that I am a newbie.

Iintene to learn every thing there is to know about it .

I mean to make it biggggggg.

Suddenly something hit me

How and where and in what will I invest my money?

Let'stry buying and selling computers .

But every Home,Office, Shops, those on the street corner already owned one.

I thought of tons of other things, but the world is already saturated   with all of those too, so what am at a dead End. then suddenly I saw the    light. LAND, HOUSES. can never be too much..what do you think?                           

Velona mignott — Thu, 10/16/2008 - 9:13pm

I could see it comming from Australia!

Great content Tiemen. I've also been a RK fan from WAY BACK. I banker in Australia told me 2 years ago that this was comming. I'm sure glad i listened. But the great news is that Network marketing is what will make the world economy strong again. It's the new era of NM.

Techgreen (Brownie)

www.techgreen.com.au

 

Greg Brown — Sun, 11/02/2008 - 6:09am