It is possible to become wealthy without money...People often ask Robert and Kim how they can get started investing with little or no money. Their answer: invest in your financial education. This is because, after years of experience, they’ve learned that you and your financial intelligence are your most important assets. There are always opportunities to do deals and make money, but only someone with financial education can see and capitalize on the best opportunities. At the Art of a Deal event Robert Kiyosaki was joined by special guest Wayne Palmer and his team of professional “exchangers,” to teach participants how to expand their thinking in order to see deals in a whole new way, and leverage their knowledge and existing resources into bigger and bigger deals – even without money.
Cowboy Auction!
Michael Jackson Collector’s Edition CD Exchanged for 3 Months in Argentina
Attendees at the Art of a Deal 3-day event participated in a “cowboy auction” – where items of real value were exchanged among the group, without the use of money. In this scenario it was all about the value in the eyes of the beholder – one man’s junk may be another man’s treasure. No trades were made unless everyone came away feeling like they’d gotten a great deal.
In one case, the hot commodity was a collector’s edition of Michael Jackson’s Dangerous CD. Bids included everything from jewelry, to consulting, to golf in Sweden, vacations, and even a poster of a fish with a unique story. The owner of the Michael Jackson CD decided to make an exchange for travel to Buenos Aires, Argentina, 3 months rent, and the opportunity to train with local investing experts. But the trading didn’t stop there! Check out the diagram below to see all the amazing exchanges that took place!
One Red Paperclip
Turning One Red Paper Clip into A House
Participants at the event were inspired by this story about how one creative young man turned an ordinary red paperclip into a house. Watch the video at left.
Money is a Handicap
Most people assume that one needs money in order to invest. Robert and Wayne know that money can be a handicap because it limits your thinking.
When money is involved, people focus on how much money something is worth. Without money in the equation, the entire focus moves to value. When we focus on value we can create exchanges where all parties come away feeling like they got more than they gave.
The convenience of using money can also stop you from thinking creatively. Training your mind to solve problems without money is a skill that is truly priceless.