Part 1 – ‘The First New Rule of Money’

I’m reading this mind blowing book, ‘Rich Dad’s Conspiracy of the Rich,’ which is the first Rich Dad book written completely online!

I’ve read most of Robert Kiyosaki’s books, play his Cashflow game regularly and also run a group ‘Rich Woman’ on Facebook which I started after reading the ‘Rich Woman’ book by Kim Kiyosaki.

I was shocked when I read Rich Dad’s ‘Prophecy’ way back in 2003. Did you read that one?

I tell you it was tame compared to the first part of ‘Conspiracy of the Rich’ which almost brought me out in a cold sweat!

Ok I admit it… being in the UK it takes a while for us to get the latest books from America and I had read a little bit of the book online as Robert Kiyosaki was writing it but I’d kind of forgotten about it..

I popped into Waterstones which is one of my favourite treats, to look for the new Social Media book, ‘Crush It’ by Gary Vaynerchuk, but it has yet to reach our rainy shores, and the new Rich Dad book caught my eye.

Whizzing through the contents I was immediately hooked. Who isn’t drawn into a ‘Conspiracy?’ Especially one that has apparently been going on under my very little nose all of my life without my even suspecting!

‘The Root of all Evil’ is the hook at the first part of the book and after being a loyal Randy Gage prosperity student (continuously working on ridding my mind of evil memes which is a life’s work!) I figured I’d better grab this book and find out what’s really going on in this new economy…especially as I avoid the news, unless you count Twitter!

Here’s a short video of Robert Kiyosaki. Before we can understand the new rules of money, we must be clear on the old rules of money, he says.

Watch the video to learn exactly what the old rules of money are. You know them but you may not know you know them! Are you still playing by them?

So what’s the first new rule of money? It is …. (and it is no surprise for those who have grasped the potential of information marketing)

*’Money Is Knowledge.’

Here’s a quick summary of the key points if you’re allergic to reading and just want the crib notes version here:

Robert dispels the old myth and says that you do not need money to make money. (Again I am reminded of Randy Gage’s prosperity teachings)

So what do you need? Robert Kiyosaki says you need knowledge. Visit this blog often and keep up to speed with the New Rules of Money because I will give you a condensed version of them all as I read the book.

I figure if a book can be written interactively and posted online as it is written – then so can a book review!

The focus is on financial knowledge and Robert explains that it’s not investing that is risky but rather lack of financial knowledge.

In the first rule of money Robert introduces the ‘conspiracy against our education.’ He writes ‘it is a crime that in America our real estate taxes determine the quality of education a child receives. Schools in poor neighbourhoods receive less tax money than schools in rich neighbourhoods. Talk about a conspiracy of the rich!’

I think the bottom line of the first new rule of money is that we need to first educate ourselves to be financially literate, and then our children, because as we know when we look at their syllabus, they are not receiving financial education at school no matter what neighbourhood they live in.

Tip of the week: Play the Cashflow game. If you have kids why not play with them too? We’re playing on Sundays with our two daughters and it is amazing how quick kids are with this stuff. You just need to make it fun and capture their imagination.

It’s a long game and the first times you play, it may take you a while to get going so if you’re playing with kids (or other people who may take a while to get it…) be prepared to split the game into a couple of sessions for a better learning experience.

If you are playing with someone like Monica in friends you may struggle to stop before she wins the game!

I’m really proud to say that our daughters, Amy and Ella, have been exposed to personal development tapes and teachings for as far back as they can remember. I wish I’d listened to Jim Rohn when I was a child! They already have a great ‘can do’ attitude which is another positive result of being in a Network Marketing family.

By showing them how cashflow works in the cashflow game imagine what an advantage they have compared to the average kid who is just being taught Pythagoras.

I’m sure this is important in some way, but to this day I have never used it since I left school except to try and help my kids with their homework!

If you’re ready to read ‘Conspiracy of the Rich,‘ or play the ‘Cashflow game,’ you can order them easily here:

If you’d like to start creating cashflow in a ‘real life’ business model go here: CashFlow Video