The other father never finished eighth grade. Both were successful in their careers, working hard all their lives. Both earned significant income. Yet one always struggles financially. The other will become one of the richest men in Hawaii. One man died leaving tens of millions of dollars to his family, charities and his church.
The remaining bills have to be paid. Both men were strong, charming and inspiring. Both men offered me advice, but they did not suggest the same thing. And often these opportunities are missed because everyone is too concerned about the security that a job and a paycheck can bring. Kiyosaki explains that everyone is looking for a quick fix, the magic answer or formula to make their riches.
However, he explains that the only way to get rich is to become financially literate. The education is absolutely fundamental. Kiyosaki appreciates that accounting is boring, complicated and dull. However, despite its downfalls, accounting is the most important thing you can learn and understand if you want to make money in the long-term.
Keep it simple and straightforward but make sure that they know the essentials. Kiyosaki emphasises the importance of understanding that there is a clear difference between assets and liabilities. You cannot spend your life buying liabilities, you need to be buying assets. Kiyosaki explains that rich people acquire assets and poor people acquire liabilities. There should be one clear way to tell whether something is an asset or a liability. Ask yourself, does it put money in your pocket, or take money out?
An asset will put money into your pocket, be constantly providing a return. Whereas a liability will simply be sucking up your already limited funds.
If you want to be rich, simply spend your life buying assets. If you want to be poor or middle class, spend your life buying liabilities. And we know by now that spending more is not related to being happier. Kiyosaki explains that too many working professionals are struggling financially, they find themselves working harder and harder but never getting any further. The main reasons that people are entering the workforce with little financial education.
Whatever they have been taught in schools tends to be focused on how to make money, they forget about the importance of what to do with it when you have it and how to spend money wisely. SO one of the biggest questions we face now is about owning a house. Is a house considered an asset or a liability? Kiyosaki explains that the majority of working professionals never actually own their homes, they spend their entire working life paying off a mortgage. The pattern of upgrading and buying a new house every few years leads to new year loans, each one larger than the previous.
Kiyosaki believes that having all of your money tied up in your house results in missed opportunities. Feb 11, I have a question for you.
Have you produced a work of art, literature, software, service, or other product that you are selling in order to make a living? If you are looking for one of the best self help books and you are not having any of the good books, then you are in the right place. Because the one we are talking about is one of the best self-help books without any doubt. A lot of the very important things are discussed in the book and everyone needs to read these things for sure.
The book is written in such a manner that each and everyone can take the benefit from the book and everyone can learn a lot from the book. The subject of the finance is one of the major topics in the book. Both men were successful in their careers, working hard all their lives. Both earned substantial incomes. Yet one always struggled financially. The other would become one of the richest men in Hawaii.
One died leaving tens of millions of dollars to his family, charities, and his church. The other left bills to be paid. Both men were strong, charismatic, and influential. Both men offered me advice, but they did not advise the same things.
Both men believed strongly in education but did not recommend the same course of study. Cause on one side the Rich dad was giving him the keys for success. And the Poor dad was literally the best example and school for Robert. So, now here is the interesting fact guys. As you can see. But, of course, nothing can compare to FLIP!
Because of the flexibility flip really gives you guys while reading your favorite books. To get the better understanding, take a look at the second image below that clearly describes how to flip pages in Rich Dad Poor Dad Book! So, simply put. You just click and hold the corner of the page on any side and you just flip it.
Look at the toolbar that can tremendously ease your readiness.
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