Why The Rich Get Richer?
Ever wonder why the rich get richer and the poor get poorer? According to Robert T. Kiyosaki, the financial statement of the rich looks like this as shown.In this financial statement, we have two rectangular boxes. The upper one is the Income and Expense statement and the lower box is the Asset and Liability Statement.The two lines with arrows, one red and one blue indicate the sources of how the money flow in and out of the rich people. Let's take the red arrow for example, the red arrow arrow indicates the money from business. The profit from the business will come into the financial statement as income. The rich people will use this source of money to buy an asset, in this case stocks of a blue chip company. This asset that is bought will in turn generate another source of money that contribute to his Income side of the financial statement through dividends from the stocks or sale of stocks after the price of the stocks has gone up.How the rich get richer is that they are always generating money into them because they understand their financial statement so well. Instead of buying liabilities to make themselves poor. They think of ways to generate money into their financial statement to make them rich.As long as there is more arrows with different colours representing different sources of money flowing as shown in the financial statement above, you can be sure you are going to get richer.
Rich Dad's Secrets To Money, Business and Investing
This is a ground breaking program that will teach you the priceless secrets that Robert learned from his Rich Dad. Learn why your house is a liability and not an asset and how the rich pay less taxes legally. It will teach you the seven levels of investing, the ten steps to unleash your financial genius, and specific cashflow management strategies to multiply your wealth. Rich Dad's Secrets includes 6 CDs and a workbook on CD-Rom.
Online Reviews for the product - Rich Dad's Secrets To Money, Business and Investing-CD
Entjik Jeffrie
6/8/2004 9:05:19 AM
There is no better way to learn from a mentor. I always love Robert's point of view of financial intelligence. This CD set has helped me to think positive about my financial future. It has taught me to look out for opportunities and possibilties that can help me to achieve financial freedom. Thank you Robert for being a great inspiration to me and my wife. Love you!
By Robert Kiyosaki
