Bottom line is do not buy the liabilities first , buy your assets first and let your assets pay for your liabilities , you can live a luxurious life and still be rich you just have to be financially educated do not take your liabilities for assets as most people do , most people for example think that their home is an asset , well no it is a liability because it take money from your pocket every month , while an asset is supposed to bring money into your pocket every month ...big difference ! do not deprive yourself , buy any liability that you want nice house nice car etc , but first buy assets which will later on pay for your assets
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
Friday, May 20, 2011
Robert Kiyosaki - Robert T. Kiyosaki, best-selling author of the "Rich Dad" series, and former Marine gunship pilot during the Vietnam War, is an investor, entrepreneur, educator and New York Times best-selling author. His financial education book series Rich Dad Poor Dad has been translated to over 100 languages and sold more than 26 million copies world wide. He also created the educational board game Cashflow 101 to teach individuals the financial and investment strategies that his rich dad spent years teaching him. Robert Kiyosaki's perspectives on money and investing are different from traditional teaching. The old beliefs of getting a good job, working hard, saving money, getting out of debt, and investing for the long term are obsolete in today's world. Robert Kiyosaki's teachings focus on generating passive income through investment opportunities, such as real estate and businesses, with the ultimate goal of being able to support oneself by such investments alone. Some of Robert Kiyosaki's bestselling books: