Peeter's Blog

Rich Dad CASHFLOW Game History in Estonia

Peeter — Tue, 16 Nov 2010 10:38:56 +0000

This video includes main events from 2004 to 2010. That’s the road I had to take to publish Estonian version of Rich Dad CASHFLOW Board Game. If possible, watch it fullscreen.

Have a good time watching!

Links for Business Starting Cooperation Group

Peeter — Mon, 22 Feb 2010 22:24:23 +0000

Dream Host

Best place to hold Your webpages. No limit for hard disk space or domain names. I have over 20 webpages under one account… which makes it also one of cheapest place to keep my webpages.

Mad Mimi

Great place to create and manage Your mailing lists. Very easy user interface to create e-mails. Special feature (not found other places) – multiple users who can share the same mailing lists. I use this system for Rich Dad Official CASHFLOW Clubs in Estonia.

Get Response

One of most used system to create and manage mailing lists. Has possibility without any additional pay to create e-mails that will be sent out after certain period like 7 days after joining the list and so on…

Welcome to Peeter’s Blog | The Entrepreneur on mission

Peeter — Wed, 30 Dec 2009 14:15:08 +0000

At the end on 2009 this blog was born. 2009 has been a great year in personal and business life and I’m sure that 2010 will be even better. During 2009 I found my true mission and now is the time to go into World with it.

This Blog will be the prime place for me to share successes, failures and maybe some ugly parts on the way. If You are interested in entrepreneurship and business development, then You are welcome to read, comment and become part of this great journey ahead.

For a start I uploaded some previous postings I have been writing in English… from year 2007 and 2008. These were originally published at Rich Dad Underground blog.

Also, if You happen to understand Estonian, then You will find over few hundred postings in my blog at http://peeter.partel.ee/blog

As I have realized, it’s time to grow out of my tiny homeland Estonia, I keep on blogging in English at this Blog You currently read.

Two days with accounting

Peeter — Wed, 09 Jan 2008 10:00:27 +0000

Originally published at http://workingwithrichdad.blogspot.com/2008/01/two-days-with-accounting.html
I haven’t wrote about it yet, but something happened end of last year (few months ago) which is changing everything in my life…
I got an job offer to do a project in an accounting company. I refused, but made a counteroffer: give me ownership in this company and count me in.
So they (this small company had 3 owners) discussed it and then it happened: they welcomed me into their team.

My role in this company is now to develop everything: their working process, change the software etc. I started to prepare these things end of last year (in December) and now back to the title of this posting: it has been two great, I would even say fantastic days working with this team (with me now there is 6 people). I honestly have to convince that I never have worked in such a organization with so good working climate. It’s just fantastic. I’m already waiting to get back to office… (what I can do Friday, as I have to do an exam in my university Thursday in another city) .

Why would somebody be so greasy that they would give away ownership in their company?
With this concrete example I can explain that…. in 2006/2007 I made my Final Paper for my bachelor studies at Estonian Business School. I made it about financial accounting and it’s future opportunities using more IT possibilities. The instructor from university side was Enel-Eha Ristkok. At the same time she owned this particular accounting company. So basically this making of this Final Paper (research and discussions) built trust between us. So now she asked me to come and bring it into reality what I wrote… And also she is in my CASHFLOW Club.

Basically we have now an accounting company where people understand the logic behind Cashflow game…..

And as Robert Kiyosaki wrote somewhere 6 habits of getting rich and staying rich, I remember the first one: Hire an accountant. Now I have team of accountants (some with experience more than 20 years).

How I made a sale (again)

Peeter — Wed, 29 Aug 2007 10:00:15 +0000

Originally published at http://workingwithrichdad.blogspot.com/2007/08/how-i-made-sale-again.html
One of my (small) businesses is company called Kliko Safety, which deals with fire safety. You know… these red thing on the wall – 6 kg powder fire distinguisher is the most sold product.
But now to the sales… often I get mails where somebody ask about the price at certain quantity. They except a sales offer from me which points out the price. Most of the times when I do that – send back an e-mail with the price then I can already be sure that I never hear from them again…
So what I do differently and did again today?
I send a reply with only one question: How much do You want to pay?
Normally I don’t get a reply to that kind of e-mail, but I call them few hours later and ask if they have decided how much they want to pay… they are always supriced (probably because normally you don’t hear that question if you buy something). Then a hear a story that they sent this e-mail with price question also to other companies. Sometimes they have some replies, but mostly not yet… When they have I ask what others offered, if not then the question remains: when do You need them and how much You want to pay? When will probably answered like yesterday (as they got a warning from the fire safety control person) and how much get’s answered with much higher number that I would otherwise offer.
At least here, in Estonia, people are little bit shiny and they don’t want insult people by asking a very low price… and this is okay for me. They are happy, because I cared to ask from them and I’m happy because I get more payd than otherwise.

Why I sold my rent condo?

Peeter — Mon, 13 Aug 2007 10:00:20 +0000

Originally published at http://workingwithrichdad.blogspot.com/2007/08/why-i-sold-my-rent-condo.html

I will give you some numbers and tell you a story behind them.
Purchase price @ 28th of September 2004: 30677 €
Down pay 30%: 9203 €
In 2004 I had Cash Flow at this property about 72 € in a month, which makes 9,38% ROI.
In 2007 before I sold it I had Cash Flow about 114 € in a month, which makes 14,86% ROI.
Quite good? Think again… I did. What I had forgot and found out in the beginning of 2007 where the prices of that kind of a Condo, which had risen drastically over this time period here in Tallinn, Estonia.
Selling price @ 13th of July 2007: 59438 €
Some money went to the broker and I had to pay back the loan, so I was left with 36365 €.
How much could this money make for me?
@ 5% interest rate it would be about 151 € in a month. (5% is the highest interest of a one year savings account in a bank what I could get here, that’s guaranteed interest)
From original investment (9203 €) it makes the ROI 19,69% (and differently from rent income it could be guaranteed and is tax free).
But in reality I have found other opportunities to lend my money to people (who I trust) and their companies with higher interest rates…