42 rich dad poor dad assets liabilities diagram
One of the things I learned from my rich dad when I was nine years old was what determined if something was an asset or a liability—and it is not what your banker or your real estate broker calls it. What determines if something is an asset or a liability is a very important word—probably the most important word in business and investing. Personal Cash Flow diagram. He highlights that the rich know the difference between an asset and liability and buys assets. Kiyosaki illustrates it really well by outlining how the middle class ... Mar 30, 2013 · Rich. Assets(stocks bonds notes real estate intellectual property)->income (dividends interest rental income royalties) Liabilities (none) The diagrams show the flow of cash through a poor, middle class or wealthy person’s life. It is the cash flow that tells the story. It is the story of how a person handles their money, what they do after they get the money in their hand. “The rich acquire assets and the poor and middle Rich ...