If you are interested in Real Estate you probably know that there are thousands of books available on the subject. Choosing one that is really worth spending the time to read is not an easy task. I will be making posts with some recommendations. I will give my opinion of the book and how it has helped me.
It will be great if readers can also post their comments on the book mentioned in the post.
Today's recommendation: The Cashflow Quadrant by Robert T. Kiyosaki
As stated in Amazon's website "The Cashflow Quadrant is the follow-up guide to finding the financial fast track that best works for you. It reveals the strategies necessary for moving beyond just job security to greater financial security by generating wealth from four selective financial quadrants."
"Born and raised in Hawaii, Robert T. Kiyosaki co-founded an international education company that operated in seven countries, teaching business to tens of thousands of graduates. Now retired, Robert does what he enjoys most...investing. Concerned about the growing gap between the haves and have nots, Robert created the board game CASHFLOW, which teaches the game of money, here before only known by the rich.
Sharon L. Lechter is a wife and mother of three, CPA, consultant to the toy and publishing industries and business owner. As co-author of RICH DAD, POOR DAD and THE CASHFLOW QUADRANT, she now focuses her efforts in helping to create educational tools for anyone interested in bettering their own financial education."
This books makes a clear distinction between assets and liabilities. I was under the impression that my personal residence was an asset. However, it is a liability! It is a liability because I pay to live in it, it does not make money for me. A real asset will generate cash flow for you. If you own a rental property then that is an asset. The book also explains how people can be employees, self-employed, business owners, and investors. Most people fall under the first two categories, the goal is to be on the third and fourth.
This book is a favorite of mine. I have become a Robert Kiyosaki fan and I'm partial to his teachings. They have worked well for me. I hope to hear your comments on this book.
Thanks.
The Housing Ecologist
It will be great if readers can also post their comments on the book mentioned in the post.
Today's recommendation: The Cashflow Quadrant by Robert T. Kiyosaki
As stated in Amazon's website "The Cashflow Quadrant is the follow-up guide to finding the financial fast track that best works for you. It reveals the strategies necessary for moving beyond just job security to greater financial security by generating wealth from four selective financial quadrants."
"Born and raised in Hawaii, Robert T. Kiyosaki co-founded an international education company that operated in seven countries, teaching business to tens of thousands of graduates. Now retired, Robert does what he enjoys most...investing. Concerned about the growing gap between the haves and have nots, Robert created the board game CASHFLOW, which teaches the game of money, here before only known by the rich.
Sharon L. Lechter is a wife and mother of three, CPA, consultant to the toy and publishing industries and business owner. As co-author of RICH DAD, POOR DAD and THE CASHFLOW QUADRANT, she now focuses her efforts in helping to create educational tools for anyone interested in bettering their own financial education."
This books makes a clear distinction between assets and liabilities. I was under the impression that my personal residence was an asset. However, it is a liability! It is a liability because I pay to live in it, it does not make money for me. A real asset will generate cash flow for you. If you own a rental property then that is an asset. The book also explains how people can be employees, self-employed, business owners, and investors. Most people fall under the first two categories, the goal is to be on the third and fourth.
This book is a favorite of mine. I have become a Robert Kiyosaki fan and I'm partial to his teachings. They have worked well for me. I hope to hear your comments on this book.
Thanks.
The Housing Ecologist
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