I’m over half-way through ‘Rich Dad’s Conspiracy of the Rich,’ now and it is proving to be a brilliant and very thought provoking read. Many of the books I read these days deliver a message that I am already familiar with but am happy to have reinforced.

This is not the case with the new Rich Dad book. I am familiar with the basic concepts because I read many of the other Rich Dad books and have been on a passive income quest for years now…CashFlow Online DVD but there is a lot of stuff in this book that I didn’t know and is actually a real eye-opener. I may even have been caught gasping if you had a FLIP camera on me unawares!

Okay so I’m not American and that may be why, but still…

Do you really understand what the Federal Reserve does? You’ve got to read the book to get that stuff as it’s just too complicated to explain in a short post. It’s all connected with Rich Dad’s ‘Conspiracy of the Rich,’ though and is quite shocking stuff.

Robert Kiyosaki really gets into the nitty gritty of the financial world and what is going on in the ‘new economy.’

Despite the fact that he uses plain English and makes a valiant effort to keep it simple, I still found myself having to read things over a couple of times in places. (Not that this is a bad thing – a book is a great way to reflect and have thought provoking discussions with oneself I find!)

In the first review I gave you an introduction to the New Rule of Money #1. See here for more details and a Rich Dad book review and video explaining the old rules of money.

Kiyosaki claims that the dollar died and became Monopoly money on the day that ‘President Nixon severed the relationship between the U.S dollar and gold.’ This was in 1971 and preceded the biggest boom in economic history.

It really is a fascinating read and made me sit up and think very carefully about our financial strategy as a family. Have you been thinking about yours lately? Have you got a financial strategy?

I was a little surprised to find that the first half of the book is all about this conspiracy and I wouldn’t be surprised if it encourages the ‘blame syndrome’ of those who are always looking to blame the rich etc. for their own situation.

In fact it triggered many thoughts of Jim Rohn and his inspiring speeches about taking responsibility for yourself and not blaming the government or external elements. I found myself wondering what he thinks of the ‘Conspiracy of the Rich.’

Coming from a very rich man it was quite disarming in a way. Kiyosaki is talking very much from the view point of a self made multi-millionaire and maybe doesn’t see the irony of it? Or maybe he does.. He’s one clever cookie after all.

Anyway the old adage ‘the rich are getting richer,’ is reaffirmed here. The main point of the book is in line with all of the Rich Dad books and financial products.

Learn the new rules of money and become financially literate for today’s economy.

Teach your children the new rules of money.

All the talk about precious metals i.e. gold and silver really reminded me of ‘Atlas Shrugged,’ by Ayn Rand which is a mega epic of a book which seems to have predicted exactly what is happening in the economy today. (It’s a BIG book but worth the effort – it has politics, philosophy, sex and drama in it so is a real page turner!)

I digress but there is always so much to say about books!

So here’s a quick crib note for you to catch up on the next new rules of money:

New Rule of money #2: Learn how to use debt. (Notice the rule is not to avoid debt but to use it correctly for investments)

New Rule of money #3: Learn to control cashflow. (This is about learning to have cash flowing IN to your pockets!)

New Rule of money #4: Prepare for bad times and you will only know good times. (Kim and Robert Kiyosaki have been preparing for 20 years so we have lots of catching up to do here!)

New Rule of money #5: The need for speed. (This is all about making money by the second rather than the month which is the old way of making money)

Here are some interesting questions from the book for you to chew on:

1) Are you being paid by the month, the hour, the minute or the second?

2) Are you earning money 8 hours a day or 24/7?

3) If you stop working, will money continue to come in?

4) Do you have multiple sources of income?

5) If you are an employee, are you working for an employer who is being left behind?

6) Are your friends and family moving forward or being left behind financially?

Take some time to think about those questions and grab yourself a copy of the book if this sounds like something you need to put your focus on.

I’m moving onto the next half of the book where Robert will be teaching us to print our own money and the doom and gloom of the first half will be behind us so stay tuned and I’ll post a final book review just as soon as I’ve finished.

I tend to read pages from 5 books at a time as well as dipping into my daily personal growth books (which keep me sane) so it’s not that I’m a really slow reader but this is not a Philippa Gregory novel, although the conspiracy theory does read better than a Robert Ludlum thriller in parts!

If you have read or are reading ‘Conspiracy of the Rich,’ check in at the blog and share your thoughts with us. In this new economy things are changing so fast that we are learning together, and the quicker the better.

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

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