Internet Assets - Robert Kiyosaki

31 replies
Hi Warrior,

I'm recently reading Robert Kiyosaki book. Very good.
Did any warrior know whether Robert ever advise on building Internet Assets?

What are they like? Anyway articles, or book?
#assets #internet #kiyosaki #robert
  • Profile picture of the author Aussie_Al
    Robert talks about the benefits of building passive income from assets you own.

    In my opinion creating info products and having affiliates sell them for you is a great low cost way to build passive income assets.
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  • Profile picture of the author JasonParker
    I think kiyosaki is referring to already established revenue generating assets though.

    So it would be more like buying a site on flippa that already makes money.
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  • Profile picture of the author Istvan Horvath
    Originally Posted by stanwhisky View Post

    I'm recently reading Robert Kiyosaki book.
    Which one? He wrote more than one...
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  • Profile picture of the author Fazal Mayar
    Assets online? I think we are mainly talking about websites, blogs and products here.
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  • Profile picture of the author jgant
    I've only read one of his books and it didn't specifically refer to web properties as an asset. However, there's no reason that a web property which produces income is not an asset.

    In fact, I consider my websites for my offline and my online businesses valuable assets. I spend the bulk of my marketing time building up those web properties because they generate a good deal of business and any entity that generates consistent income is an asset.

    For example, for my offline business I could invest $20,000 annually in print advertising, in my web properties, or in print advertising that promotes my web properties. Currently I focus on web properties, but a hybrid approach could also be a good investment. Solely investing in print advertising doesn't increase any tangible asset except generate business; whereas investing in websites that generate business into the future not only generates an income, but builds an asset.

    Most of my marketing efforts is about driving traffic to my sites and increasing their effectiveness, hence their value. This generates immediate income as well as builds an asset.
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  • Profile picture of the author PatrickP
    oh dear that guy is a complete liar and scammer.

    Read up on him. He sold his first book saying how he got rich. Only problem is he didn't get rich until he sold millions of copies of that book via MLM after it wouldn't sell on its own.

    He never did have a rich dad and poor dad and on and on.

    Go with Seth Godin or Farris those two are real and have done what they say they have.
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    • Profile picture of the author TanyaJ
      [DELETED]
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      • Profile picture of the author sal64
        Originally Posted by TanyaJ View Post

        Yes, this is truth. He become rich after he published his book.
        So did you make your riches before you published your product?

        Sorry, had to ask.
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  • Profile picture of the author Capitalist_Pig
    Kiyosaki is just a motivation speaker at base. His books are intended to motivate, not teach.
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  • Profile picture of the author sal64
    His books RD-PD and Cashflow Quadrant had a profound impact on my life and finances... (as did the 1 Minute Millionaire).

    Don't care how he made his money. Info is top notch IMO.
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  • Profile picture of the author r2r
    No actually i don't have any idea about that...
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  • Profile picture of the author aizaku
    an asset is an asset. no matter what the type. vending machines, stocks, affiliate sites, franchises, houses, apartments, patents, etc...

    Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset.
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    • Profile picture of the author Toby Couchman
      Originally Posted by aizaku View Post

      an asset is an asset. no matter what the type. vending machines, stocks, affiliate sites, franchises, houses, apartments, patents, etc...

      Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset.
      Great simple post. People love to over think this stuff when really only one simple rule applies.

      If income received from said venture, product, website or thing is greater than expenditure put into it. Then you have a winning Asset.

      Now go forth and create hundreds of profiting assets and be free from the bonds of the 9 - 5

      TC
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    • Profile picture of the author stanwhisky
      I read the book 'Conspiracy of the rich 2009'.
      He talked a little bit of the future newer generation for people who borned 1990 above where all of them are in

      the difference world. The newer generation business entreprenuers have new ways of doing businesses and money can

      be made at light speed because of the Information Age.

      So, I am curious whether Robert ever have predicted the future of people of this age.

      What I read it 'The future of what I see is difference from the future of what they see - Robert'.

      That make me think of Internet Assets which is very important for Internet Marketer.

      Instead of just making money online, it's important that we use Robert's advise to build an assets.

      Asset put money into your pocket.


      What I can see Internet Assets are:

      1. List of customers & subscribers
      2. List of JV & Suppliers Contact.
      3. Auction site's feedback - Ebay Feedback, Etsy Feedback, Amazon, Bonanza ....
      4. Small Niche Sites
      5. Niche Sites Domain Name.
      6. Stock Inventory for you to sell online
      7. Offshore investment (Not Sure)
      8. Forex (If you know how)
      9. Ebook, Hard Cover book or Kindle (Created your own)
      10. Credibility

      Please tell me if I am wrong. Do you have more to add?

      We can't rely of search engine because if algorithm change, we'll at risk.

      To me, Internet Marketing Products cannot be an asset because they can be easily outdated and need to re-create

      it. In this case, the credibility is an asset.
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      • Profile picture of the author JohnMcCabe
        Originally Posted by stanwhisky View Post

        What I can see Internet Assets are:

        1. List of customers & subscribers
        Not and asset by itself. The business in possession of that list can be an asset.

        Originally Posted by stanwhisky View Post

        2. List of JV & Suppliers Contact.
        Not an asset, as it generates no cash flow on its own. See above.

        Originally Posted by stanwhisky View Post

        3. Auction site's feedback - Ebay Feedback, Etsy Feedback, Amazon, Bonanza ....
        Not an asset in the financial sense.

        Originally Posted by stanwhisky View Post

        4. Small Niche Sites
        Can be an asset.

        Originally Posted by stanwhisky View Post

        5. Niche Sites Domain Name.
        Only an asset if it has value on its own (as in domain flipping), and then only if you do sell it.

        Originally Posted by stanwhisky View Post

        6. Stock Inventory for you to sell online
        Not an asset until you sell it. If not sold, actually a liability.

        Originally Posted by stanwhisky View Post

        7. Offshore investment (Not Sure)
        Yes, if it has a positive return.

        Originally Posted by stanwhisky View Post

        8. Forex (If you know how)
        Not an asset. Forex is a method of trading currencies. You can't own a 'forex'.

        Originally Posted by stanwhisky View Post

        9. Ebook, Hard Cover book or Kindle (Created your own)
        If it sells, then it is an asset. Simply having it does not make it an asset.

        Originally Posted by stanwhisky View Post

        10. Credibility
        Helpful in doing business, but not directly an asset.

        Kiyosaki likes to use the example of one's personal residence. Realtors say that your home is your biggest asset. According to Kiyosaki, it only becomes an asset when you sell it (generate positive cash flow). Until then, he counts it as a liability because it takes cash out of your pocket (mortgage, taxes, insurance, maintenance, etc.).

        A good rental property, on the other hand, is an asset because it puts cash into your pocket.

        As I see it, Kiyosaki's books are not even motivational, at least not in intent. Their sole purpose is to move people into and through his sales funnel, froma book to more books to his expensive board game, membership site, real estate seminars, etc.

        Not that there's anything wrong with that...
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        • Profile picture of the author Snow_Predator
          Originally Posted by JohnMcCabe View Post

          As I see it, Kiyosaki's books are not even motivational, at least not in intent. Their sole purpose is to move people into and through his sales funnel, froma book to more books to his expensive board game, membership site, real estate seminars, etc.

          Not that there's anything wrong with that...
          Kiyosaki will never give you anything practical you can work with, most likely because he's not the big shot investor he makes himself out to be.
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  • Profile picture of the author Terry Hatfield
    Does Robert believe in internet assets?

    check out richdad.com

    Enough said.
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  • Profile picture of the author RatRaceWatch
    Your best bet is to build your assets and understand what makes them work (their longevity). Virtual assets are a little more risky then physical assets in my opinion because their existance is dependent on the system we use, kinda like money (sadly). It only has value because we say it has value, once that changes, be ready for the shift.

    I like Robert's teaching, especially his book Unfair Advantage. When you're building your online empire (if thats a goal of yours), remember to take some of that money and invest it in the real world also, that way if 5 years from now, they come up with a new system that nullifies the internet as we know it and web addresses, you'll be covered :0.
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  • Profile picture of the author BabyMama
    Rich Dad Poor Dad is an amazing book and actually inspired me to start flipping websites a few years back. I didn't have the start up funds to buy real life property so started educating myself about flipping online property and websites.
    I sold my first website within a month and I was hooked. I am still building and flipping sites today. This is my quick cash method. But for passive income I build sites with an adsense income which brings in an income without me doing much.

    I am also working and brainstorming ideas for a membership site which I plan to launch by the end of this year.

    Thinking I might have to give the book another read
    Rich Women is also a great book for any female warriors out there
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  • Profile picture of the author sadiecopywriter
    Rich Dad poor dad is great book. It is motivational though in nature, not coaching. (Coaching would tell you what to do, this only gives you the broadest ideas.)

    The rich dad poor dad thing was a alegory told in the first person. It doesn't have to be real, it's a composite of experencies. It's a common literary technique for writing a book. It's the books' 'hook'.
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  • Profile picture of the author Brendon Zahrndt
    Having sold real estate in a past career, I was appalled by the Rich Dad real estate garbage written by Kiyosaki reagrding real estate and financial management in general.

    The information in those books is so blatantly erroneous I still can't believe he hasn't been sued or worse. I couldn't believe my eyes as I was reading it.

    John T. Reed does a fine job explaining just how abhorrent his 'mis-information' is and how dangerous it would be to take his advice on the subject.

    I can only imagine what junk he is trying to sell now as it relates to an internet business.

    But hey, if reading his gobbledegook got you off the couch to go write a blog post today, mission accomplished.
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  • Profile picture of the author colinph970
    Irrespective of what you think about kiyosaki and his books, his marketing skills are pretty impressive when you see how much he has made. To be fair i can see both sides of the argument and the general concept of buying wealth producing assets and generating cashflow is a good one.
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    • Profile picture of the author Haruki92
      I have read one of his books,its called unfair advantage.I realised that he tend to say things that people think that it is easy to achieve so people followed his method and most of them lost tons of money.What i meant was we shouldn't believe too much on what they say because what worked for them might not work for you.Afterall,their main purpose was to sell the book.
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  • Profile picture of the author WebPen
    I agree with his strategies, but not necessarily his tactics.

    For example his strategy of building a hands-off, passive income is excellent. You only have so much time, so you should spend it trying to set up passive income sources.

    At the same time, I think his tactic of getting a piece of real estate with positive cash flow isn't necessarily the best way to do this. I think IM is a much better method once you learn the ropes.
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  • Profile picture of the author nyapartments
    Like someone here already said, He is more of a motivational speaker. We also have a well respected member of our forum saying his info is top notch.
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  • Profile picture of the author PatrickP
    Anthony Morrison is the next Robert Kiyosaki
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  • Profile picture of the author celente
    Wow there really are some mixed impressions of Robert Kiyo

    While I am not a huge fan. I always thought his stuff was pretty good. I have his cashflow stuff, and it is very good info.
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  • Profile picture of the author Rach72
    Love him or hate him Roberts books are great for getting out of the mindset of working in a business and setting your self up to work on your business. He takes the emotional attachment out of the equation and allows you to see your business as something that should be helping your future, not draining you.

    The models in the Cashflow Quadrant clearly explain the mindsets and actions that have been around forever, but in a way that is easily understood.

    These can all be applied to any asset - online or offline. The only downside with the online asset is that it is far harder to lose actual land and buildings than your plot in cyber-space

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  • Profile picture of the author InitialEffort
    He never really mentions it in his book, but after reading RDPD and CFQ you can see how it relates to passive income generating sites. Essentially once you master PIGS you can do the same thing with a different vehicle.
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  • Profile picture of the author getrichinfo
    but i still believe in the B and I Quadrant, I rarely see millionaire in the E quadrant
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  • Profile picture of the author Schnitzel
    Everybody should read Robert Kiyosakis books.
    And Seth Godin.
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    meh

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  • Profile picture of the author Chris-
    Yes, he is an excellent writer, and yes he does write about IM. Specifically, in one of his books (I forget which one), he says that if he was buiding business assets from scratch, right now, his first choice of any business would be to create instructional content (video or whatever) on a niche and sell it on the internet.

    He makes some vital points in his books, many of which are applicable to IM.

    Chris
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