rich-dad-poor-dad-pdf

Rich Dad Poor Dad Rule #1: You must know the difference between an asset and a liability, and buy assets. If you want to be rich ...

Chapter Two: Lesson 2 children again. An intelligent adult often feels it is demeaning to pay attention to simplistic definition ...

Rich Dad Poor Dad This is the cash-flow pattern of an asset: The top part of the diagram is an Income Statement, often called a ...

Chapter Two: Lesson 2 This is the cash-flow pattern of a liability: Now that assets and liabilities have been defined through pi ...

Rich Dad Poor Dad maintain your wealth, it’s important to be financially literate, in words as well as numbers. The arrows in th ...

Chapter Two: Lesson 2 This is the cash-flow pattern of a person in the middle class: Job Assets Income INCOME STATEMENT BALANCE ...

Rich Dad Poor Dad This is the cash-flow pattern of a rich person: Assets BALANCE SHEET Liabilities Income Expenses Taxes Mortgag ...

Chapter Two: Lesson 2 All of these diagrams are obviously oversimplified. Everyone has living expenses, the need for food, shelt ...

Rich Dad Poor Dad They know that professional success is no longer solely linked to academic success, as it once was. Because st ...

Chapter Two: Lesson 2 As their incomes go up, their expenses go up as well. The number-one expense for most people is taxes. Man ...

Rich Dad Poor Dad their house, they have a new tax, called property tax. Then they buy a new car, new furniture, and new applian ...

Chapter Two: Lesson 2 off the high-interest consumer debt by paying off their credit card. And besides, interest on their home i ...

Rich Dad Poor Dad themselves in the foot as they leave for work every morning. By not fully understanding money, the vast majori ...

Chapter Two: Lesson 2 By the time Mike and I were 16 years old, we began to have problems in school. We were not bad kids. We ju ...

Rich Dad Poor Dad My highly educated dad never pressured me about my grades, but we did begin to argue about money. By the time ...

Chapter Two: Lesson 2 I remember when I drew the following diagram for my dad showing him the direction of cash flow. I also sho ...

Rich Dad Poor Dad So here is the argument I put forth. I really don’t expect most people to agree with it because your home is a ...

Chapter Two: Lesson 2 In summary, the end result in making a decision to own a house that is too expensive in lieu of starting a ...

Rich Dad Poor Dad The following diagram on the left shows my poor dad’s income statement. It is worth a thousand words. It shows ...

Chapter Two: Lesson 2 Why the Rich Get Richer A review of my rich dad’s financial statement shows why the rich get richer. The a ...