Rich Woman

a book on investing for women
Because I hate being told what to do!
by Kim Kiyosaki
isbn: ?

Notes:

Quote by Katherine Hepburn, "Women, if you're given a choice between money and sex appeal, take the money. As you get older, the money will become your sex appeal."

Why women must become investors

• statistics; 47% of women over 50 are single, less retirement income, divorce, live longer, has to work longer, living in poverty
• avoid dependency
• no glass ceiling
• no income limits
• increased self-esteem
• control your time

see p. 75 to determine your "Why"

Financial independence formula- buy and create assets that generate cash flow.

analyzing assets
cash flow
ROI (return on investment)

see glossary of recommended books at www.richwoman.com

gain financial education by reading books, listening to audiotapes & CDs, investing in educational seminars, workshops and conferences, read financial newspapers and magazines (wall street journal, investor's business daily, barrons. Wall Streets Journal's guide to understanding money and investing), local business journal newspaper, talk with real estate, stock and business brokers, talk with other investors, join a women's investment club focused toward education not pooling money to invest, join cash flow club, use internet, drive around town, watch financial news on TB, subscribe to financial newsletters, ask questions. Look up words you don't understand

Investing is a process. The process is more important then the end goal itself.

How wealthy are you?

1. What are your monthly expenses
2. How much money (cash, assets, stocks..., cash flow) you have not including salary from your job or work
3. divide how much money you have by monthly expenses
4. Wealth number is savings (or available cash) + passive income = your wealth

Some alternative methods for financing your investments as your investing experience grows
seller financing, finance out of cash flow, lender financing, assumable loans, other investors, family & friends.

Pay yourself first! 10% to each of these; investing, savings and charity

what do you do if you want to start investing but your partner's not interested.

• invest with her partner as a team (ideal)
• invest on her own with her partner's support (next best thing)
• invest on her own without her partner's support (not easy but your partner may come around)
• don't invest

What is your quality of your relationship in relation to money?

What makes women great investors

• not afraid to say I don't know
• willing to ask for help
• great shoppers
• do their homework
• risk-averse
• less ego
• nurturers (establish good relationships)
•  learn well from other women

Why invest for financial freedom?

• Your reason why
• where are you today
• your plan-where you want to go and how to get there

When creating your plan

• Determine your goal
• What will by your primary investment vehicle
• What type of product will you focus on
• What is time frame for accomplishing your goal

An active investor manages their own investments
A passive investor turns it over to someone else to invest for them

4 keys to being a successful investor

• education
• start small
• put a little money down
• stay close to home
• set yourself up to win
• choose your circle wisely (surround yourself with people who will sincerely support you and encourage you to reach your goals)
• investing is a process
• always keep learning
• have fun!

Be is your beingness, who you are
do is the doingness, what you do
have is your havingness, what you have
Who you are, and what you do determines what you have

Concentrate on what you want to have and what you have to do will ahppen

•