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His favorite example is the house which according to him we all mistake to be an asset but is.
Financial statement robert kiyosaki. One dad Roberts real father was a highly educated man but fiscally poor. The problem with secure investments is that they are often sanitized that is made so safe that the gains are less In one example Robert Kiyosaki paid 45000 on the house worth 65000 that the owner was struggling to sell. The companys main revenues come from franchisees of the Rich Dad seminars that are conducted by independent.
Even though cryptocurrencies didnt exist at the time of writing we also believe. Its never too late to grow wealth and get rich but it all starts with understanding your very own financial scorecard says best-selling author of Rich Dad Poor Dad Robert Kiyosaki. The other dad was the father of Roberts best friend.
Its a fact that most people lead lives characterized by recurring financial. The first is the Income Statement that tracks all the money you make and all the money you spend on a monthly basis. The real estate investor will benefit from it.
I read the book Why The Rich are Getting Richer by Robert Kiyosaki and enjoyed certain aspects of it and have extracted the following main learning points from the book. Robert Kiyosaki popularized the book Rich Dad Poor Dad and came up with that often quoted statement about assets and liabilities. A personal financial statement is a tool that provides a quick snapshot of your finances at a certain point in time.
For most people those terms may be unfamiliar to you. Greetings fellow Entrepreneurs. Profit and loss statement balance sheet and cash flow statement.
A financial scorecard or statement tracks the health of your personal finances and takes into account your income statement income v expenses and balance sheet assets and liabilities. The Rich Dad was an 8th-grade dropout who became a multi-millionaire. Robert Kiyosaki recommends doing a financial statement by filling out the game card in his board game Cashflow with your real life numbers.
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