Want To Get Rich? Invest In Real Estate!

Those who aspire toward riches should know that, in order to achieve their goals, they will need to abandon much of the conventional wisdom passed on to them by parents, teachers, and others. You may, however, already be on the right track - that is, if you were lucky enough to have a role model who knew what it really takes to become rich.

In the words of real estate guru and author of the bestselling "Rich Dad" book series Robert Kiyosaki, "It doesn't take money to make money. I often hear people say it takes money to make money. I disagree. We had no money when we started and we were also in debt. It also doesn't take a formal education."

He then mentioned Bill Gates as someone who never completed a college education. Which would you rather have, a collection of doctorates or Bill Gates' money?

What it does take, Kiyosaki says, is determination and a willingness to learn quickly. But you also have to know what to do with your talents and, most importantly, to know which part of the Cash Flow Quadrant to generate your income from.

The Cash Flow Quadrant is an icon taught to him by his best friend's father, a man to whom he refers in his books as his "rich dad." It is an illustration of what his rich dad called the four different types of people in relation to money: Employees, the Self-employed, Businesspeople and Investors. Each quadrant comes with its own outlook on the world. The outlook of those in the B and I quadrants are the ones that help make them rich.

What Robert Kiyosaki means when he says that in order to build wealth, you need to be a quick learner, is that you must learn the ropes of investing. Following in the steps of "Rich Dad," Kiyosaki himself invested in real estate - a great choice for anyone considering investing, as so much depends on it. In his "Rich Dad," book, he points out how many of Hawaii's businesses were located on land owned by Rich Dad.

But don't worry - learning about real estate doesn't mean that you have to learn every minute detail that goes into the buying and selling of property; in reality, there are plenty of people willing to take on the technical aspects of investing for you. You just need to think like a businessperson in choosing the individuals with whom you surround yourself.

Now, this is quite different from being in the 'S' or self-employed section of the Cash Flow quadrant, because, a self-employed person doesn't own a business; he or she simply owns a job. Those who own businesses, says Kiyosaki, can leave for a year and return to find your organization still intact and profitable - being a businessperson means that you are able to delegate authority to the right people, and not take on an excessive amount of responsibility yourself.

In the end, it doesn't really matter if you dive headfirst into the study of investing yourself, or you simply hire a qualified expert to help you make your decisions. The important part is that if you really want to strike it rich, you must be willing to move from the 'E' and 'S' squares of the Cash Flow Quadrant into squares 'B' and 'I,' which are where the real money is.

Alexandria P. Anderson is a licensed Minnesota Realtor that helps people to find and purchase real estate in the Twin Cities and other Twin Cities property depending her clients' needs.

Investment Properties Put Your Money Work For You

When it comes to thinking about money, people always seem to fall into one of two camps: first, there are the so-called "workaholics," employees who are so dedicated to their jobs that they are more than willing to work overtime, bring business home with them, and sometimes even give their families short shrift when the office demands it. On the other hand you have the "slackers," who see the workaholic lifestyle as needless drudgery and have themselves convinced that money isn't all that important anyways.

One person who most certainly does have money is Robert Kiyosaki, and in one of his books, "Cash Flow Quadrant," Anyone who says money isn't important obviously has not been without it long,"

He knows because he has been in both situations. For several weeks in 1985, he and his wife were so destitute, they were actually forced to live in their car, after which they moved into a friend's basement for nearly a year. They took only odd jobs, because wealth, not job security, was what they were after.

Four years later, they were millionaires.

Money is definitely a crucial thing, but it's not important simply for its own sake. This is what many people fail to consider when rushing into high-paying jobs; although these careers will make you money, are they really worth the stress, and the pain being separated from your loved ones for extended periods of time. Yes, money is important, but only to the extent that it lets you live the life you really want to live.

No job will ever give you more time to spend with your friends and family. Your work, especially if it's important, high-paying work, will always force you to juggle your priorities.

Everyone sees the Catch 22, worrying that if they spend the time working to make enough money to do the things they want to do, they won't have time to do those things. That is true. Working is not the answer. Making your money work, preferably in a solid investment like real estate, is the answer.

Kiyosaki seen been at that crossroads himself. "Money is important, but I did not want to spend my life working for it," he says in his Rich Dad series. Luckily he had the benefit of that rich dad's knowledge of how the financial world works to see him through.

He knew that there was a way to be a responsible provider for his family without spending most of his waking life working. He knew the secret was become an investor.

It's a simple principle; as an employee, you're working for money, but an investor, money works for you. All you have to do to start out is take some of the money you've made as an employer and move it into real estate. This is all it takes to start paving the way to a bright financial future, in which your wealth is constantly growing without you having to lift a finger, leaving you free to live life and spend time with loved ones.

That is how you can have your cake and eat it too; because the money you make no longer represents hours of your life spent away in pursuit of a living, you can take those hours and reinvest them in spending actual time with your family, in pursuing hobbies, hanging out with friends. In short, you can reinvest them in your life.

Author and Realtor Alexandria P. Anderson helps clients to find and purchase Plymouth MN Real Estate as well as Property for Sale in Plymouth, Minnesota.

Success In Real Estate Takes The Right Attitude

What is the difference between people who get rich and people who don't? It is a very simple question that many people simply forget to ask. The first time you are truly confronted with this question, you will probably reach for an easy answer, such as, "Being born into a rich family" or "Getting lucky with the lotto" or even "Having a good career that pays a lot of money." And you might indeed be considered lucky if any of those things had happened to you.

The truth is that not all of these lucky people can be truly considered to be rich. It is the belief of "Rich Dad" author Robert Kiyosaki that the true measure or wealth isn't really the amount of money you take in, but how much you manage to keep.

Kiyosaki's father, the titular "Poor Dad," was no bum; his work earned him more than enough to live on. The problem was, however, that none of his money was left at the end of each quarter

The good news for you, is that becoming rich has less to do with external factors like your job or whether you were born a Rockefeller, which you can't control, and more to do with internal factors which you can.

The real key to becoming right, is the way in which you think about money. It's as simple as that.

Kiyosaki's "Rich Dad" demonstrated the effects that one's personality and attitude have on the way in which one earns and handles money using a graph called the Cash Flow Quadrant. This graph is split into four quadrants, labeled 'E,' 'S,' 'B,' and 'I'-- "employee," "self-employed," "businessmen," and "investor," respectively. Not only do these four categories show how a person earns his or her money, claims Kiyosaki, but they shed light on the way in which different individuals view the world.

The quadrant into which an individual falls isn't determined simply by the luck of the draw; on the contrary, a person's perspective on money and the world, and their resultant decisions are the key.

In to book "Cash Flow Quadrant," Kiyosaki states that the people inhabiting the four corners of the graph are, in fact, totally different people. Their different intellectual and emotional mindsets are the main determining factor of how each group deals with money.

Individuals gravitate to one of the previously mentioned quadrants based on their innate natures, driven by their personal values in regard to money. You can tell which corner a person falls into simply by hearing them speak about money. A person who frets about money and desires nothing more than simple security is obviously an occupant of the 'E' quadrant, and there isn't anything wrong with that; this person will probably be unhappy if he or she strays into a different quadrant. The "Employee," quadrant, however, is not the path towards wealth.

Though the revelation that wealth simply depends on your attitude and personality may initially seem rather intimidating, you should take it as encouragement. Even if you don't see yourself as a lucky person right now, rest assured that you can, if you have the drive, become wealthy.

If you want to be rich, you should invest, and buying properties is a great place to start. Investing in real estate, in fact, was the very path Robert Kiyosaki's "Rich Dad" took to become rich. So, start thinking rich - quit working for your money, and start letting the money you earn work for you, building your wealth.

Author: Alexandria P. Anderson specializes helping people to find and purchase Golden Valley MN Homes, as well as Golden Valley property for her Minnesota realty clients.

Minnesota Townhouses

Now is a wonderful time to look for your next home! So many places are available at unusually low prices, and townhomes in Minnesota are no exception! Minnesota townhouses are a great option to think about if you are thinking about purchasing. What advantages do townhouses have over typical stand-alone houses? For starters, there's generally less exterior maintenance to worry about since two of your four walls are shared with neighbors and are interior. If you don't need much yard space you can find many townhomes that have minimal grass to mow, especially if you have a deck or patio. Sometimes the lawn-care is even included in your association fees and you don't have to worry about it at all! Many great extras are included in townhouse communities, like swimming pools, gyms, playgrounds, tennis,  basketball courts, etc., and are for exclusive use by only those living in your association.

Minnesota townhouses can be a financially good decision in addition to all the great amenities. You can typically buy more square footage for your money when purchasing a townhome...or you can get the same square footage for less money! Use that saved money to improve the home - how about updating the kitchen or turning the basement into a game room?! Put us to work finding great Minnesota town homes to fit your lifestyle. You might be surprised at what quality and convenience you can get during this buyer's market - let us show you!!

Potential Real Estate Investors Have Many Options

In his Rich Dad book series, Robert Kiyosaki trumpets the benefits of investing, especially those of real estate investing. Those include tax benefits, and the ability to have your money go to work for you without your lifting a finger. It sounds wonderful, doesn't it? The idea that you can turn a dollar into two just by placing it in what can seem like a magical realm can seem very enticing.

In order to actually turn a good idea into money in your bank account, however, you have to know a little something about how the magic works. It is a good idea, for instance, to take apart this term "real estate." Just what is real estate, and what are the types of real estate investing that are open to you?

Well, real estate is made up of parcels of land, and includes any structures built on said land. The prices you will pay for pieces of real estate are largely dependent on how the local market is faring. As an investor in real estate, you will find ample opportunities to pay less in taxes than others would. In regard to exactly what type of investing you will do, you have quite a few options.

Real Estate Investment Trusts (REITs) allow you to make money by investing in real estate, either by owning the properties themselves or by owning the mortgages on them, or to do a combination of both. The benefits of this type of investing are high yields and tax considerations. This is also a highly liquid type of investing, which means that it is easily converted to cash.

In a real estate partnership, you are pairing with another investor or group of investors. in order to make money from existing structures or to build new ones. You can even make money off the sheer appreciation of undeveloped land itself. This is a good bet because of high growth potential and tax benefits.

Another option is to put money in vacation property, property that you use for recreational purposes but do not live in (as living in such a property would make it a primary residence.)

Rental property is another common choice for those looking to make money in MN real estate. Everyone has dealt with landlords, so this type of investing doesn't take much explaining. Do, however, mind the differences between residential and commercial rental properties.

Even raw or undeveloped land can afford the canny investor a chance to make money off appreciation on its value, and this type of investing also provides the aforementioned tax benefits.

Your needs and abilities will determine what sort of real estate investing will be most beneficial to you, so it is a good idea to familiarize yourself with each type. Regardless of which path you choose, the tax benefits associated with real estate investing will keep more money in your pocket.

If you are particularly interested in pursuing real estate investment because of tax benefits, you may even wish to become a real estate professional, as the IRS allows people who spend at least 750 hours a year on their investing duties to have nearly unlimited tax deductions. If you are not considered a professional, and your salary is high, that can actually cost you deductions on your real estate. You must have the time to participate in your real estate activities yourself, even if you have hired another real estate professional, to qualify for all tax benefits.

Author and Realtor Alexandria P. Anderson helps clients to find and purchase Minneapolis Townhomes as well as Townhouses in Minneapolis in Minnesota.

Real Estate Investing - Are You Listening To the Right People?

It's an unfortunate fact of life that regardless of where you go, you are sure to encounter cynics and pessimist. Whatever it is that you hope to accomplish, these people will be ready with discouraging words. This goes double when one is talking about money - since most people don't have as much of it as they would like, or any idea how to acquire more, it's easy to become jaded, believing that financial success is impossible for those who are not already wealthy.

Press about the declining value of MN real estate as an investment or about skyrocketing housing prices that keep regular people out of the market altogether can make the prospect of making money through real estate investment seem almost ludicrous. Yet people are doing it - real people like you and me. And you can do it too. All you have to do is listen to the right people.

Sounds easy doesn't it? Yes it does. That's because it is. It is very easy to find a person who knows how to make money by investing in real estate, find out what has worked for them, and apply it to your own life. If it's so easy, you might be tempted to say, then why isn't everyone doing it? And that, my friend, is the meat of the matter. Everyone isn't doing it for two reasons. The first reason is that they've simply been told all their lives that success is very, very difficult. In fact, they've been told, because of the scarcity of money, success is almost impossible.

Most people are scared of trying to make money, based on cynicism and negative hype.

Secondly, most people do not become successful investors because they overcomplicate things. Successful investors follow a systematic plan, allowing their wealth to steadily grow. They do not risk it all to make a quick buck off of some dubious moneymaking scheme. Most people do not have the discipline to forego flashy scams and persevere on the proven path to wealth. The adrenaline rush of making a gamble is certainly tempting, but those who succumb to this temptation frequently end up worse off than they were when they started.

Because most people think like that, those are the ideas that the media are catering to. That is why murder and mayhem is front-page news and happy things are not. That is why people slow down when they see an automobile accident and not when they see a couple holding hands. Tragedy is far more interesting. Just check out the plot line of any major motion picture. People like to believe that life is tough.

Fortunately, this destructive and self-defeating perspective is far from accurate.

If you want to succeed, the first step is to break through the wall of cynicism that you've more than likely developed as a result of a lifetime of listening to media sensationalism and the pessimists you encounter in your day-to-day life. You need to start listening to the people who know that success is possible, and, furthermore, know exactly what one needs in order to achieve it. These folks will tell you that in order to make money in real estate, you'll need to formulate a systematic plan, and you'll need to stick to it. Why would you listen to those who haven't found success, when you could be getting the facts straight from me and others who have made money as real estate investors. Think about it.

Real Estate Investing Takes The Right Mindset

Everyone wants to be rich, right? Well, actually, everyone says they want to be rich. But few people want to actually take responsibility for taking control of their future. And that's what you have to do in order to get rich: Take control.

This may sound like an intimidatingly difficult undertaking, but it really isn't as hard as it sounds. With all of the literature and educational materials on the market for budding Minnesota real estate investors, there's no reason you shouldn't be able to learn the ropes, provided that you put in the necessary hours of study. In fact, simply reading this article is a great start to the learning process that will ultimately transform you into a successful investor.

As you come closer to your goal of becoming rich, you will realize that they key to success isn't really mastery of the minutiae of accounting and all of the other details involved in the process. You can always find others more knowledgeable than you on these subjects. In reality, the trick is to look at money from the perspective of a rich person.

It may sound overly simple, but how are you ever going to become a successful investor if you still have the thought process of a salaried employee?

This may seem quite simple (and it is!), but the investor perspective sets the stage for you to become rich. From the employee's perspective, one must do exactly what the boss instructs, and work within the established system to earn their livelihoods. Those with this mindset always manage to get by, but if you want to do more than just get by you must obviously take a different approach.

If your goal is to make your own fortune, you must first teach yourself to adopt the mindset of those who control the money. You've got to be smart and assertive, and rather than working for your money, you have to make your money work for you.

Who are these people who are financially in control? Corporations hold a great deal of power in our society, but a corporation is an abstract concept; the money and therefore the power are really held by the businessmen who make the decisions for the corporations.

With these businesspeople in mind, you are getting closer to understanding what it really means to be in control of money, but are they really the ones in charge? Not quite; at the very top, you have the investors.

In contrast to hired employees and even major businessman, investors are the real financial top dogs, and this is because they really and truly have their funds working for them. This may seem like an oversimplification, but the truth is that it isn't as difficult as it may initially appear - in fact, just about anyone could do it, provided that they aren't trapped in the mentality of an employee. This self limiting, "employee," mindset is, at its heart, the reason why most people are unable to become rich.

All you have to do to become one of the big fish is invest. It's that simple. Investing in real estate is a good bet because it's a stable investment. It's so stable, in fact, that the bank will actually lend you money to purchase it. No kidding.

That's the long and short of what you will learn if you read every book available to you on how to start thinking rich and stop thinking secure. They will tell you how easy it is. They will tell you to change your thinking. And they will tell you to let the experts deal with the details.