Why Diversification Is A Mistake - Increase Your Financial IQ

Monday, January 31, 2011

Why Diversification Is A Mistake - Increase Your Financial IQ

The New Rules Of Money (Rule 7) - Robert Kiyosaki, "Focus, Why Diversification Is A Mistake..."
Robert Kiyosaki : do not diversify focus , follow one course until you are successful .....be able to know the good one from the bad ones , the good investment from the bad investment focus until you are successful and do it again and again....

Who is Robert Kiyosaki ?

Robert Kiyosaki - Robert T. Kiyosaki, best-selling author of the "Rich Dad" series, and former Marine gunship pilot during the Vietnam War, is an investor, entrepreneur, educator and New York Times best-selling author. His financial education book series Rich Dad Poor Dad has been translated to over 100 languages and sold more than 26 million copies world wide. He also created the educational board game Cashflow 101 to teach individuals the financial and investment strategies that his rich dad spent years teaching him. Robert Kiyosaki's perspectives on money and investing are different from traditional teaching. The old beliefs of getting a good job, working hard, saving money, getting out of debt, and investing for the long term are obsolete in today's world. Robert Kiyosaki's teachings focus on generating passive income through investment opportunities, such as real estate and businesses, with the ultimate goal of being able to support oneself by such investments alone.