Things every entrepreneur can learn from Robert Kiyosaki

You probably heard of Robert Kiyosaki, best-selling book Rich Dad, Poor Dad.Kiyosaki grew up with two father figures: “poor dad” his real father who died with bills to pay and “rich dad,” who started with little before becoming one of the richest men in Hawaii. Both of his “dads” were successful. His poor dad worked for the government and was highly paid each month while his rich dad, who dropped out of school at 13, became the richest man in Hawaii. While both dads presented characteristics that should guarantee a successful life, there was a major difference: Their way of thinking.

His poor dad, even though was gaining a significant amount of money, did not have the mindset that would guarantee him long term success. To make it short, he worked for money and did not allow money to work for him! While his poor dad, had the mentality that, true success was measured by the position/job you had and the amount of money on your paycheck. He also believed that money was “not important” and that working hard to make a living was where true value really resided.

Robert Kiyosaki is now a successful business owner and author who strives to share his experience with the world.

What are the main lessons we can learn from this book? And how can you, as an entrepreneur can apply it to your daily life?

It is not how much money you make but how much money you keep

Oftentimes, we focus on the wrong things. Yes, it is very nice to see multiple digits on your bank statement but how well do you manage this money? Robert Kiyosaki tries to make us understand that true wealth is not about the amount of money that comes in your pocket but about the amount that is left after your expenses. If your cash-flow only goes downhill after your paycheck comes on, then it is a sign you need to rethink the way you manage your money.


Related: 5 reasons you are still poor in 2017


Debt is not always our enemy

In this day and age, getting out of debt seems like it should be our main focus. However, it is important to know that there is bad debt and healthy debt. One of the best ways to truly identify the nature of your debt is to know your debt-to-income ratio. The debt-to-income ratio is calculated by dividing your monthly debt (loans, credit cards etc.…) by your gross monthly income (the amount you earn each month before taxes and other deductions are taken out).

The lower your debt to income ratio, the healthier your debt is. Whereas a high debt to income ratio signals that you might have too much debt compared to the amount of money you are making.

This is a relief for people who have spent their lives thinking that they should immediately get rid of credit cards and any kind of debt. Remember that knowledge is key. If you have the right information and learn how to manage your money properly, you will take wiser decisions when it comes to getting out of debt.


Related: 4 ways to be debt-free in 2017

Your money is supposed to work for you

If you do not learn the difference between assets and liability, you will always have to work for money.

“An asset puts money in my pocket. A liability takes money out of my pocket.”

The key to success is to invest in things that will generate more cash in the long run:

  • Putting a part of your home up for rent
  • Owning lands

In order to reach financial freedom, you must ABSOLUTELY make your money work for you! Your assets are what will help you get there.

Surround yourself with smart people

If you know how to do a task well, you will always have a job. If you can come up with ideas and find the right people to execute them, you will always be the boss. There is a famous quote that says:

“If you are the smartest person in the room, then you are in the wrong room.”

― Confucius

It is not about being the smartest but being able to surround ourselves with smart people who will be able to make our ideas come to life.

Patience and motivation are key

Success is not made overnight. Robert Kiyosaki spent a few years of his life sleping in a car with his wife…You must learn to fail in order to get better and stronger. Failure is an important part of the process. It is in the way that you get up after a failure that your true strength lies.

Related: 3 things to do when nobody believes in you

Do not be afraid of wealth

Depending on the way we were raised, it can be easier to see money as something evil that will cause us to lose our principles and values. However, this way of thinking will only keep us poor, settling and probably unhappy. Money has power and is necessary to survive here on earth. It is important that you do not become a slave to money but it is also crucial that you recognize that money is important and that it is more than OK to desire it.

Your mindset is your strongest weapon. The second your way of thinking shift, you will be able to accomplish things you never thought possible.

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Ann-Sophie Ovile, Writer, ShortStints

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3 steps to grow your net worth and reach financial freedom

Net worth simply means the total value of everything you own minus the total of all debts you have. What you own can be resumed to your house, your car, valuables that could easily be resold like jewelry) and your debts could be your student loans, credit cards debts and any other amount of money that you need to pay back in the short or long run.

This might seem like an obvious thing, but it’s not and making your net worth bigger should be in your top priorities if you want to reach financial freedom.

Here are 3 practical ways to increase your net worth this year:

Paying off debts

Paying off your debts is one of the first steps towards financial freedom. Pay off the most expensive debt first. By tackling your cards with the highest rates, it will be easier for you to pay off your biggest balances first while continuing small (or minimum) payments on your other credit cards.

Also stop using credit and buy everything cash until you reach the desired stability. This might seem simple but many people are slaves to debt because they spend money they do not have. Cutting your credit expenses will allow you to pay off your credit cards and get back on your feet. This will help you set up a budget and really see where most of your money is being spent.

Take advantage of your rewards by using your credit card points to payoff small debts. Wondering how this works? Simple. It is the principle of earning points without really spending. Want to buy something cash? Use your credit card instead and immediately pay it back with your cash. This will allow you to accumulate rewards without getting into more debt. After, you can change these points into money and pay off other credit card debts.

Improve your income and accumulate CASH

Make sure you have multiple source of passive income. If you want to increase your net worth, it is important that you make your money work for you. Write an Ebook, record Youtube videos, there are many opportunities nowadays to make money while you sleep. Most importantly, spend/Invest your profit wisely. Many people find themselves doing great in business (sales etc…) but broke because they do not know how to manage their cash flow. Don’t just spend less, put the money you save into a savings account in order to allow your cash to build up. Building up cash will decrease your chances of accumulating debt.


5 reasons why you are still poor in 2017

Build a cash emergency fund to limit your unplanned expenses

Most people find themselves unable to increase their net worth because they are always paying for “emergencies”. There will always be things happening that are out of our control and this is why we NEED emergency funds. By setting out a fixed % of your income each month to add to that fund, you will build some sort of stability that will ensure your financial security for the cold days. Let the cash build over time by adding small amounts on a regular basis. This fund is there to ensure that life’s emergencies don’t upset your bigger financial plans.

Making your net worth bigger is the best way to transition from “making ends meet” to thriving financially.

Learn more about money management and investment on Shortstints.

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How to manage multiple incomes and save more money


As a freelance, you will most often have multiple sources of income. However, working as a freelance can also be very challenging, as it does not always guarantee stability. Most of the time, it might not always be easy for you to manage your money but it is important to develop a financial discipline in order to make ends meet while still being able to save up some money for the cold days. 

Having multiple sources of income is one of the keys to financial freedom but how can you properly manage your money?

Budget! Budget! Budget!

Having a budget is crucial when it comes to managing your money properly. Failing to plan is planing to fail. It is important to list all of your monthly expenses by order of importance and attach a number to each one of them. This will set some boundaries for the amount of money you allow yourself to spend and develop your sense of discipline when it comes to your finances. Also make sure you set aside a fixed amount for leisure and random expenses. When you are too strict on yourself, you increase your chances of not respecting your limits. By allowing you to create a spending plan for your money,budgeting ensures that you will always have enough money for the things you need and the things that are important to you. It is the perfect way for you to avoid unexpected expenses, which is the easiest way to overspend.

Use your most stable sources to cover your fixed costs

You do not want to make the mistakes of linking fixed bills to unstable sources of income. As a freelance, you won’t be able to control everything but you will know where you have more stability. You will have to deal with bosses who do not pay on time and projects that are unexpectedly terminated. Some gigs will fluctuate with seasons, some bosses will change your job description every other month…these are all signs that you should not get too comfortable. Identify the jobs that are the most stable and use them to pay your fixed expenses. This will allow you to have more stability when it comes to the way to spend your money.

Save a fixed % of your income every month

Saving does not just happen accidentally. It is a decision to set aside a certain % of each pay check. Saving money will allow you to live better and accomplish more than just making ends meet. Saving is what will allow you to buy a car, buy a home, pay for vacation and even get out of debt! Identify the sources of income you want to extract from, to deposit on your savings account.

Also read:

5 reasons why you are still poor in 2017

The most important thing when it comes to managing your income and saving money, is to be intentional and disciplined. Do not take on more gigs than you can handle. It is better to take on less than to take on too much and have unhappy clients. Strive for excellence in all you do to ensure that you build a stable network of contractees.


Want to learn more about effective ways to manage your finances and reach financial freedom? Sign up for FREE today on Shortstints.

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5 reasons why you are still poor in 2017


Wondering why you seem to remain poor as your income increases? Truth is, it is not only about how much money you make but about how well you are able to manage your money. Many people are still not reaching their financial goals even though the amount of money entering their pockets seems to increase. Why is this? What are the bad habits that keep you poor?

You spend more as your income increases

Are you the type to upgrade your Iphone as soon as your pay check increases? If you are guilty of this, it might be the reason you still do not feel like you are on your way to financial independence even though your income increases. If you continuously raise your expenditure along with any increase in your income (or even without it), it would be hard to have any real savings.

You do not think about the future

Not thinking about the future is a mistake many of us make. We live day by day without thinking about a saving plan for the tougher days. It is never too early to save a portion of your income, no matter how low or high your income is. Saving will provide a plan B for unexpected life events (which are inevitable) and avoid you spending all of your money at once.

You do not keep a record of your money

keeping a journal for all your income and expenses will help you have a much better idea for controlling your finances. Keeping a record will allow you to take a step back and identify the things you spend too much money on. It will also help you identify ways to save up more. For instance, by keeping records, you might realize that you spend way too much money on gas. This might lead you to invest in a bike that will help you save up a lot of money while staying in shape.

You ignore the elephant in the room

Debts do not just disappear because you are very good at ignoring them. First of all, make paying your debt a top-of-the-list item on your agenda. Work out a plan for this and stick to it, no matter what. No matter how much your income increases, you will end up spending all of your money on interests if you do not take care of your debts.

You do not budget

It is important to know your daily needs and budget for them. Failing to budget is setting up yourself for failure. Budgeting has a huge impact on how you manage your money. Make sure you do not always cover your basic needs but also leave space for leisure and things that make you happy. Being too strict on your budget will increase your chances of slip ups. Give yourself the luxury to enjoy things in moderation.


Looking for more ways to reach financial independence? ALSO READ > 4 Ways to be debt-free in 2017
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Tips to nail your elevator pitch

An elevator pitch is a brief, persuasive speech that you use to spark interest in what your organization does. You can also use them to create interest in a project, idea, or product – or in yourself. They should be interesting, memorable, and succinct. They also need to explain what makes you, or your organization, product, or idea unique. The goal is not to talk for a long period of time but rather, to present your cleared and detailed idea in a short period of time. The main idea behind this is that many entrepreneurs, investors and sponsors do not have a lot of time in hand. It is important to be able to make the most out of the time they give you and convince them that your business idea is worth listening to.

Here are a few tricks you can use to nail your elevator pitch.

Use an attention-getter

Add an interesting fact or stat to use at the beginning of your speech. Your goal is to immediately engage someone so that he or she is intrigued and wants to learn more. Make it short an simple so that you can go straight to the point of your presentation.

Use the WHY method

If you watch TED TALKS I suggest you watch Simon Sinek’s video on why we should always start our pitch with our WHY. As Sinek explained, many entrepreneur can tell you what they do, how they do it but very few will say WHY they do it. The goal of presenting your idea is to convince people of the sole purpose and deeper goal lying behind WHAT you do. Truth is, no matter how cool what you do seems, people are mostly interested in the reason behind it all. How did it all start? What was the motivation to make the first step? What problem is your idea resolving? When you have a WHY, then what you do has a reason to exist.

Engage with questions

The point of this is not to actually conduct a questionnaire but rather, to make your audience think. You might be presenting s solution to a problem they have never even thought of before. It is important to insert short and strategic questions that will help them align their thoughts and idea in the direction you want to take them.

Set up a draft

Put your ideas on paper. This will give you a clearer idea of the order you want to use to present, identify examples and illustrations you could use to back up your ideas. The draft will help you get a clear map so that you can ordain your ideas.


Take the time to monitor yourself. If you realize that your pitch is too long, make sure you review your main ideas and eliminate things that are not really necessary. Videotape yourself, observe your gestures, your posture and your pronunciation. This will help you identify repetitions, things that are not relevant yo your pitch and things that you should absolutely add.

Take the time to craft your elevator pitch. There are Online tools available for you that will provide clear and practical examples on how to go about writing your pitch.

Also learn more about how to cope with your fear of speaking in public here!

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Time is money : How to turn your money into a loyal employee

Time is money and cash is king. Often, we find ourselves juggling between the need for money and our desire to make everything happen in our 24 hours while still: getting 8 hours of sleep, spending time with loved ones, traveling, eating clean and getting the perfect tan. While this might be possible in our imagination, we need to remember that we are real people, operating on real time, with real weaknesses and frustrations.

This is why it is so important to make sure our money works for us!


Here are 4 simple ways that will help you make your money work for you:


Develop streams of passive income

Passive income is one of the best ways to make sure your money works for you. It can come in the form of an ebook, a book, or an online course. Passive income has the sole purpose of making sure something you worked on, is now bringing you money without you having to lift a finger anymore. Find ways to make money in your sleep HERE

Become a silent partner in a business

If you can identify a business with potential, become a silent partner. Find out what you can do to become a useful card and collect comissions- whether it is bringing clients, helping the business gain visibility or else. Learn how and why you should consider this route HERE

Pay off your debts

If you really want your money to work for you and not be a slave to money, find a way to Pay off your debts this year. Debts, if not dealt with on time and properly, can become a big elephant in the room. In the this Post we share 4 ways to be debt-free in 2017. The sooner you take care of your debts, the easier the road to financial freedom. While it might be very difficult to stay disciplined until everything is paid off, it will be worth it in the end.

Choose credit cards with rewards you will benefit from

Many credit cards nowadays offer points and rewards on purchases made. While this is great, it can also be tricky if you do not know how to manage properly. No need to accumulate more debts while trying to get a reward. My advice to you: When you have the cash available for a purchase, pay it with your credit card then pay it back right away. This will allow you to accumulate points while staying debt free. Then you can change these points into cash to payoff other debts! It is a win-win situation. You can also make sure you use rewards that can benefit your business!



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Becoming a silent partner in a new business: How

A silent partner in a business is an individual who invests capital in a business in exchange for a share in the profits (or loss) of that business.


Becoming a silent partner in a business allows you to set it without having to worry about it. – You might have identified ways to help a business strive by bringing them the right clients, the right technical assistance or just something that will make a huge difference in the business without you having to be stuck there but still receiving money from their profits!

You might not have a direct say in the way the company operates but it sure gives you advantages:

  • Passive income : You earn profit on your small investment when the business makes profit. The % you get will depend on the kind of arrangement you made with your partner.


  • Less responsibility : Startups usually require a lot of work. While active partners will often work long hours under a lot of stress, a silent partner suffer from way less pressure as he is not involved in the day to day activities of the company.


  • Less risky investments : A silent partner risks way less when investing in a business. While active partners have more pressures to understand exactly how the business is functioning, a silent partner is way less concerned with the day to day tasks and projections. Of course, he understands that his paycheck depends on the success of the company so he will make sure he does his part. However, a silent partner is probably juggling multiple sources of income and will be more relaxed in times of trouble.( which can become an issue depending on the relationship the active and silent partners have developed)


Becoming a silent partner can turn out to be an excellent investment if the concerned individuals take some time to do their research and think things through. Understand that not every silent partnership turns out as expected. Ending a partnership might even cost money and clients to the company. Just keep this in mind as you make your way through this path.

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Crowdfunding: Pros and Cons

Crowdfunding is the practice of funding a project or venture by raising money from a large number of people who each contribute a relatively small amount.

Although crowdfunding has its challenges, it is a great way for small businesses struggling to stay afloat, to showcase their business and projects to the entire world.


  1. It is free marketing as it allows you to pitch your project or current business through the platform.
  2. Sharing your idea to experts is a great way to receive valuable feedback, ideas and even find a mentor.
  3. It gives you a chance to find funds with no upfront fees.
  4. It allows you to test their reaction towards your product or service
  5. It is a great way to get customers! People might not directly fund your project because they realize that all you need is a little boost. They will gladly become, or send you customers! And sometimes, it can be just what you needed.
  6. It is a great alternative for those who have been unsuccesful with traditional funding.


  1. More risk for your business reputation. When an investor decides to finance your business through crowdfunding, it is because he/she sees a potential in you and your idea. Not being able to fulfill your targeted objectives has to potential to have negative effects on your business because it will change the way people who believed in you now perceive your project.
  2. It might require more work than traditional funding. There is a lot of work to be done so you can make your project appealing to potential funders
  3. More pressure to protect yourself. Crowdfunding exposes your idea to so many people dying to find a good projects and make their way on the entrepreneurship path. If you are not well protected (copyright etc…) you might have to deal with copycats.


Keep in mind that there are still ways to Start your business with very little money . Crowdfunding might not be the best option for all entrepreneurs and that is more than ok. Take the time to analyze and see what you can personally do to start right.

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How to properly manage your cash flow

Cash flow, by the Investment & Finance Dictionary means: The process of planning a company’s schedule for paying bills and estimating when income is likely to be received. Cash flow management helps a company avoid damaging its relationship with creditors by not paying bills on time and being forced into bankruptcy.

In the world of business, cash is and should always be King. Because there is a gap between the time you receive goods and services from your suppliers and the time you receive money from your customers, you need good cash flow management.

Measure your cash flow

Planing without measurements or indicators is simply a guessing game. Cash flow for the next years, months or weeks should be prepared based on a series of factor such as: Customers’ payment histories, your own thoroughness at identifying upcoming expenditures, and your relationship of trust with your vendors. Do not assume that things will continue to flow at the same rate but identify exterior factors such as global economy, weather or else, that can also affect your cash flow.

Your cash flow sheet should start with the previous season’s balance and you will add up all your receivables to this amount. Make sure you do not leave anything out from this list: interest earnings, service fees, customer payments…

It is also very important to identify where the cash is going. Have a line item on your projection for every significant outlay like: rent, inventory (when purchased for cash), salaries and wages, sales, equipment purchased for cash etc…

Set clear indicators in order to know when the business is doing good and when you are in the red. This will allow you to take the appropriate actions at the right time to avoid important setbacks.

Improving Receivables

In order to keep the business going, you must sometimes accept the fact that you will not receive cash right away from all customers. Fortunately, there are ways to minimize the tardiness and make sure that your cash flow does not suffer too much from late payments.

  • Issue invoices as soon as the customer desires to place the order
  • Ask customers for deposits in order for them to place orders
  • Offer special discounts to customers who pay on time
  • Make sure you have a department or an employee responsible for follow-ups with clients
  • Apply late fees

Well managing your payables

  • Take advantages of payment terms. If a payment is due in 2 months, (unless you have an amazing cash flow and are ready to pay immediately) do not pay in 1 month. Take advantages of your terms. (Without being late of course!)


  • Choose your suppliers wisely. Do not focus on the lowest cost but seek advantages like trust, loyalty, rapidity of delivery, the % of damaged goods, their flexibility and more.


  • Make sure your company is always in communication with your supplier so that you are always on the same page for delivery dates and payments.


Cash Flow is the backbone of your business so it is important to keep it alive and healthy. Do not hesitate to put pressure on customers who do not pay on time and make sure you are always on top of things. Of course, things happen and you might find your cash flow affected by late payments, fees asked by your suppliers or mistakes in payroll. The most important thing is to identify these slip ups as soon as possible and find solutions. Pay your debts on time instead of letting them accumulate. The better the cash flow, the sooner your business will strive.

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4 Ways to be debt-free in 2017

One of the keys to success in this day and age is to minimize/eliminate your debts. Oftentimes, businesses and people fail because, when they finally think they have reached their goals, they realize that there is an elephant in the room called debt, which they have accumulated to get to this point. Their next years is spent paying back these debts instead of thriving. Borrowing money is fine especially when starting a business. However, it is important to identify ways of minimizing these debts so that you may find your path on the way to financial freedom.

Credit cards with low interest rates


There are a few ways you can try to make your way out of high interest rates. Often a simple phone call to the issuer is all it takes to get a reduced rate, provided that you have good credit  and you are a long-term customer who makes payments on time. Some companies also offer advantages to their employees like lower interest rates on credit cards offered by banks they partner with. Do not hesitate to tell your bank if you’ve been approached by a competitor proposing a lower interest rate. This might be all it takes for them to make a better offer!

Borrow from friends and family

If you prefer borrowing with no interest rates at all, borrow from friends and family! This is a great way to get some cash to start your business or invest without the stress of having to deal with interest rates. You can always pay them back in goods and services at a lower price from your company. Many startups think that starting big is the way to go. However the are many ways to start with very little money

Benefit of the points and rewards system

Many credit cards nowadays offer points and rewards on purchases made. While this is great, it can also be tricky if you do not know how to manage properly. No need to accumulate more debts while trying to get a reward. My advice to you: When you have the cash available for a purchase, pay it with your credit card then pay it back right away. This will allow you to accumulate points while staying debt free. Then you can change these points into cash to payoff other debts! It is a win-win situation.

Do not purchase unless it can bring you more money

See all of your purchases as investments. Before buying equipments or hiring an employee, ask yourself if this will bring in more money to the company. If the answer is NO, then do not purchase. If you are unsure, seek counsel in order to make the right decision.


In need of a short term or temporary job? Shortstints is a great tool to connect with employers looking to fill freelancing, consulting, and temporary positions. Sign up today!

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