41 rich dad poor dad assets liabilities diagram
Why Robert Kiyosaki's cash flow makes so much sense? | by ... 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 ... The Personal Financial Statement: Your Foundation for ... To illustrate this, rich dad drew this diagram: An income statement showing expenses but no income from a cash-flowing property. This shows how a house is a liability. "This is a house that is a liability," said rich dad. "You can tell it is a liability because it's only line items are under the expense column. Nothing is in the income column."
Book Summary: Rich Dad Poor Dad by Robert T. Kiyosaki Rich Dad Poor Dad Summary. "There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.". "Money comes and goes, but if you have the education about how money works, you gain power over it an...