Comments on: A parable on creating a Passive Income Stream http://www.foreclosurephilippines.com/2009/12/parable-on-creating-a-passive-income-stream.html Your trusted resource for foreclosure investing in the Philippines with listings of foreclosed properties, real estate auctions, real estate investing tips, and more! Wed, 08 Feb 2012 16:17:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Amway: understanding economics « my contemplations http://www.foreclosurephilippines.com/2009/12/parable-on-creating-a-passive-income-stream.html#comment-3054 Amway: understanding economics « my contemplations Wed, 03 Nov 2010 06:07:48 +0000 http://www.foreclosurephilippines.com/?p=2647#comment-3054 [...] of the small elite of “rich people”. To explain this a small parable is used about the water carrier and the pipe builder. Nice story, but quite flawed I think. In the story, two people did a job, one was [...] [...] of the small elite of “rich people”. To explain this a small parable is used about the water carrier and the pipe builder. Nice story, but quite flawed I think. In the story, two people did a job, one was [...]

]]> By: Bryan Uy http://www.foreclosurephilippines.com/2009/12/parable-on-creating-a-passive-income-stream.html#comment-3053 Bryan Uy Tue, 29 Dec 2009 19:01:06 +0000 http://www.foreclosurephilippines.com/?p=2647#comment-3053 Hi Jay, I remember reading the story of Pablo and Bruno in the book of Burke Hedges entitled "The Parable of the Pipeline". Like Tyrone, I also read this when a friend of mine who is with Amway shared the book with me. Btw, Roel's site seems to be offline. Thanks guys. .-= Bryan Uy´s last blog ..<a href="http://investingpinoy.blogspot.com/2009/12/four-4-keys-to-successful-change.html" rel="nofollow">Four (4) Keys to Successful Change</a> =-. Hi Jay,

I remember reading the story of Pablo and Bruno in the book of Burke Hedges entitled “The Parable of the Pipeline”. Like Tyrone, I also read this when a friend of mine who is with Amway shared the book with me.

Btw, Roel’s site seems to be offline.

Thanks guys.
.-= Bryan Uy´s last blog ..Four (4) Keys to Successful Change =-.

]]> By: red http://www.foreclosurephilippines.com/2009/12/parable-on-creating-a-passive-income-stream.html#comment-3052 red Fri, 18 Dec 2009 08:47:40 +0000 http://www.foreclosurephilippines.com/?p=2647#comment-3052 That is definitely true kuya Jay. I just quote what I say from Rk and Ken. and I think the fastest way to get started in real estate is doing quick turn real estate. Just be sure we don't fall on the TRAP of investing for capital gains. That is definitely true kuya Jay. I just quote what I say from Rk and Ken. and I think the fastest way to get started in real estate is doing quick turn real estate. Just be sure we don’t fall on the TRAP of investing for capital gains.

]]> By: Jay Castillo http://www.foreclosurephilippines.com/2009/12/parable-on-creating-a-passive-income-stream.html#comment-3051 Jay Castillo Fri, 18 Dec 2009 08:04:30 +0000 http://www.foreclosurephilippines.com/?p=2647#comment-3051 Hi Red. In my opinion, investors can also find flipping properties very useful especially to get more capital to buy positive cashflow producing properties faster. Have you played cashflow 101 or 202? This technique works on the game and in real life just like I mentioned in this post:<a href="http://www.foreclosurephilippines.com/2009/11/rich-dad-cashflow-101-game-lessons-learned.html" rel="nofollow">Top 7 lessons I learned from playing Rich Dad’s Cashflow 101 game</a>. Capital gains can lead to getting cashflow faster. Hi Red. In my opinion, investors can also find flipping properties very useful especially to get more capital to buy positive cashflow producing properties faster.

Have you played cashflow 101 or 202? This technique works on the game and in real life just like I mentioned in this post:Top 7 lessons I learned from playing Rich Dad’s Cashflow 101 game. Capital gains can lead to getting cashflow faster.

]]> By: red http://www.foreclosurephilippines.com/2009/12/parable-on-creating-a-passive-income-stream.html#comment-3050 red Fri, 18 Dec 2009 04:24:24 +0000 http://www.foreclosurephilippines.com/?p=2647#comment-3050 Yup.. that's the advice of Robert Kiyosaki...FOCUS on cashflow! He said in a video of him that others are not really investors but they are FLIPPERS ... 3 or 4 months ago my goal is to be the largest wholesaler/flipper by age 25 and I'm glad I change my goal to having passive income of ( blank ) __ million by age 25. Robert also said that flipping is very tempting specially when you already make money doing it. Ken McElroy ( rich dad advisor ) - said he never flipped properties in his 20 yr career in real estate. In real estate the name of the game IS NOT capital gains the name of the game is CASHFLOW! Yup.. that’s the advice of Robert Kiyosaki…FOCUS on cashflow!
He said in a video of him that others are not really investors but they are FLIPPERS … 3 or 4 months ago my goal is to be the largest wholesaler/flipper by age 25 and I’m glad I change my goal to having passive income of
( blank ) __ million by age 25.
Robert also said that flipping is very tempting specially when you already make money doing it.
Ken McElroy ( rich dad advisor ) – said he never flipped properties in his 20 yr career in real estate.

In real estate the name of the game IS NOT capital gains

the name of the game is CASHFLOW!

]]> By: The importance of time freedom, one reason why I want to be financially free | Foreclosure Philippines http://www.foreclosurephilippines.com/2009/12/parable-on-creating-a-passive-income-stream.html#comment-3049 The importance of time freedom, one reason why I want to be financially free | Foreclosure Philippines Thu, 17 Dec 2009 18:20:26 +0000 http://www.foreclosurephilippines.com/?p=2647#comment-3049 [...] want, when you want, and with who you want. I believe that time freedom is a by-product of having passive income streams, and a good example would be those from passive income generating [...] [...] want, when you want, and with who you want. I believe that time freedom is a by-product of having passive income streams, and a good example would be those from passive income generating [...]

]]> By: Jay Castillo http://www.foreclosurephilippines.com/2009/12/parable-on-creating-a-passive-income-stream.html#comment-3048 Jay Castillo Tue, 15 Dec 2009 08:19:13 +0000 http://www.foreclosurephilippines.com/?p=2647#comment-3048 Hello Allan, excellent insight, thanks! Yes, sometimes people lose focus on the fact that building passive income streams still requires a lot of hard work at the start, although the goal is to have the system work for you in the end and earn passively. Personally I have had those moments when I had doubts and thoughts of frustration and I was thinking if all the effort was worth it. I guess it really helps to be with like minded people and a healthy dose of perseverance and persistence also helps a lot. ;-) Hello Allan, excellent insight, thanks! Yes, sometimes people lose focus on the fact that building passive income streams still requires a lot of hard work at the start, although the goal is to have the system work for you in the end and earn passively.

Personally I have had those moments when I had doubts and thoughts of frustration and I was thinking if all the effort was worth it. I guess it really helps to be with like minded people and a healthy dose of perseverance and persistence also helps a lot. ;-)

]]> By: Jay Castillo http://www.foreclosurephilippines.com/2009/12/parable-on-creating-a-passive-income-stream.html#comment-3047 Jay Castillo Tue, 15 Dec 2009 08:12:21 +0000 http://www.foreclosurephilippines.com/?p=2647#comment-3047 Hello Tyrone, yes you are correct, that is the same company that conducted the seminar my friend and I recently attended. :-) What the.. a fake job offer?! Sorry to hear that you got scammed, at least you learned about the cashflow quadrant early on. That explains why you are quite advanced when it comes to Kiyosaki's principles which usually focus on this. Hello Tyrone, yes you are correct, that is the same company that conducted the seminar my friend and I recently attended. :-)

What the.. a fake job offer?! Sorry to hear that you got scammed, at least you learned about the cashflow quadrant early on. That explains why you are quite advanced when it comes to Kiyosaki’s principles which usually focus on this.

]]> By: Jay Castillo http://www.foreclosurephilippines.com/2009/12/parable-on-creating-a-passive-income-stream.html#comment-3046 Jay Castillo Tue, 15 Dec 2009 08:06:49 +0000 http://www.foreclosurephilippines.com/?p=2647#comment-3046 Hello Roel, you're welcome bro! What do you mean you're not as gifted a writer as I am?! You're just being humble. The way I see it, I'm more of a technical writer. :-) I have always looked up to you and your blog, from the very start I can sense your sincerity and passion in helping people by sharing ways on earning passive income just like Tyrone, Fitz, James, etc. I'm really very thankful bro, this has been in my mind for quite a while since I started writing my 1st anniversary post, although the anniversary of this blog was actually last October 31, 2009 pa. Nakalimutan ko tapusin sa sobrang busy ko lately... hehe. Hello Roel, you’re welcome bro! What do you mean you’re not as gifted a writer as I am?! You’re just being humble. The way I see it, I’m more of a technical writer. :-)

I have always looked up to you and your blog, from the very start I can sense your sincerity and passion in helping people by sharing ways on earning passive income just like Tyrone, Fitz, James, etc. I’m really very thankful bro, this has been in my mind for quite a while since I started writing my 1st anniversary post, although the anniversary of this blog was actually last October 31, 2009 pa. Nakalimutan ko tapusin sa sobrang busy ko lately… hehe.

]]> By: Rich Money Habits http://www.foreclosurephilippines.com/2009/12/parable-on-creating-a-passive-income-stream.html#comment-3045 Rich Money Habits Fri, 11 Dec 2009 14:57:44 +0000 http://www.foreclosurephilippines.com/?p=2647#comment-3045 Interesting read. One thing that is sometimes missed in the parable is that the one who builds the system STILL has to work for it. He still needs to spend some time, perhaps working on the pipeline for years without any guarantee that the system will work for him one day. I imagine he might have pondered many times whether it was all worth it. In short, he still has to "pay" for it in hard work, determination and courage to persist even when everyone else seem to think it is just a waste of time. Just my two cents. :) .-= Rich Money Habits´s last blog ..<a href="http://www.akosiallan.com/7-ways-to-celebrate-christmas-without-breaking-your-piggy-bank/" rel="nofollow">7 Ways to Celebrate Christmas Without Breaking Your Piggy Bank</a> =-. Interesting read.

One thing that is sometimes missed in the parable is that the one who builds the system STILL has to work for it. He still needs to spend some time, perhaps working on the pipeline for years without any guarantee that the system will work for him one day. I imagine he might have pondered many times whether it was all worth it.

In short, he still has to “pay” for it in hard work, determination and courage to persist even when everyone else seem to think it is just a waste of time.

Just my two cents. :)
.-= Rich Money Habits´s last blog ..7 Ways to Celebrate Christmas Without Breaking Your Piggy Bank =-.

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