6/19/2023 0 Comments Rich dad poor dad cashflowYou’re earning money, paying your debt, and then blowing the rest of the money. Think about it…if you’re poor and not able to save, thenĪs you can see from a screenshot of Rich Dad, Poor Dad, you’re not ever actually saving anything. Value such as a mortgage, loans or a credit card debt.īuy things that create income and avoid things that cause Examples might be real estate, stocks, bonds,Ī liability is anything that you own that you still owe on or doesn’t have Will hold its value, or even create future value for you. Well, an asset is simply something that you purchase that But that really shows how important that ruleĭifference and make sure you only buy assets. Rule #1: You must know the difference between an asset That you’re properly setup for financial success and man, is it extensive or Kiyosaki has a very extensive list of his rules to make sure Rich…I guess I should start acquiring some more assets. Hits home – what category do you want to fall into? I don’t know about you, but I want to be That’s a quote that Kiyosaki had in the chapter that also ![]() Numbers.” If I heard that once, I heard it a thousand times from my rich dad.Īnd I also heard, “The rich acquire assets, and the poor and middle class ![]() “If you want to be rich, you’ve got to read and understand In a year and save $0, then you are one of those three types of people, if not I know, that might sound harsh, but if you spend $500,000+ Well, it’s because they’re either financially illiterate,
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