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Rich Dad Education has launched Rich Dad's Education Wealth Intelligence Online -- a monthly electronic newsletter full of valuable information on real estate investing, stock trading, business, and personal finance. Sign up for your free subscription at www.richdadeducation.com.
When you're investing in real estate, keep your eye on what's important: your Return On Investment (ROI).
The interest rate, the purchase price, the sales price, your repair costs -- all these numbers are important, but incidental. What matters most is your ROI, or how much you'll make for each dollar you invested.
Calculate your ROI on the cash you had to put into the deal. For example, let's say you bought a property for $150,000 with $5,000 down, then sold it for $200,000. Your profit is $50,000; your cash investment was $5,000. That means your ROI is 1,000 percent!
When you do a no money down deal, your ROI is infinite -- you can't calculate it.
Keeping your focus on the ROI is how you keep your money working hard for you.
Generosity is key to the Rich Dad philosophy and last Friday Robert Kiyosaki and the Make-A-Wish Foundation® fulfilled the wish of a young man from Michigan named Jimmy Komara. This extraordinary teenager is very interested in his financial future and his one true wish was to meet Robert Kiyosaki.
Jimmy and his family arrived by limo at The Rich Dad Company headquarters located at 4330 N. Civic Center Plaza in Scottsdale. The day included one-on-one time with the co-founders Robert and Kim Kiyosaki, playing their internationally acclaimed CASHFLOW board game and meeting the entire Rich Dad team.
"What an outstanding day! Meeting Robert and Kim was truly a once in lifetime moment," Jimmy said. "Just when I thought it couldn't get any better, they offered me an internship at The Rich Dad Company. This is the chance to learn first-hand what being a true entrepreneur is all about. Thank you to the Make-A-Wish Foundation and the Kiyosakis for making my dream a reality."
A core value of The Rich Dad Company and one that both Robert and Kim Kiyosaki practice, is giving back to the community. This, combined with their ongoing message of courage, unleashing the potential of the human spirit and personal empowerment, is a fundamental principle on which the company has been built.
"My first response when I heard about Jimmy's wish was 'Why me?' He is an inspiration to us all and I was humbled by his request. What a great day, not only for Kim and me, but for the entire Rich Dad family," Robert Kiyosaki said.
Jimmy, 18, was diagnosed with Ewing's sarcoma, a rare cancer characterized by tumors found in bone or soft tissue. Ewing's sarcoma occurs most frequently in male teenagers, with a peak from ages 10 to 20. He is now in remission and will be attending the Arizona State University W.P. Carey School of Business in Tempe this fall.
"Robert and Kim Kiyosaki are shining examples of why the Make-A-Wish Foundation continues to flourish," said Brent Goodrich, Make-A-Wish Foundation spokesperson. "The huge success of the day was apparent in seeing Jimmy's most heartfelt wish come true. The Rich Dad Company remained true to its mission by enriching the life of a young man who's shown so much courage and spirit while confronting this serious medical challenge in his life."