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Your Foundation for Being RICH – Kim Kiyosaki [CASHFLOW Clubs]

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Your Foundation for Being RICH – Kim Kiyosaki [CASHFLOW Clubs]



Financial literacy begins by understanding your personal financial statement
The reality is that money doesn’t make you rich. What does make you rich is your financial IQ. Give the same $100,000 to a person with a low financial IQ and a person with a high financial IQ and I guarantee you’ll see a vast difference in how that money is spent and grown.

Central to the difference between those with low and high financial IQs is a simple but profound literacy: the ability to understand a financial statement.

One of the most important things you need to know in order to be financially successful is to know how to read an income statement and balance sheet. But even more important is understanding the relationship between them.

Understanding the relationship between the income statement and the balance sheet as seen with our personal financial statement template allows you to quickly understand if an investment is an asset or a liability—and this understanding will allow you to make the right investment every time.

A CASHFLOW Club can help you discover your true purpose… Find one near you here: https://www.richdad.com/cashflow-clubs

https://www.richdad.com/

#KimKiyosaki #richwoman #financialeducation
https://www.richdad.com/

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38 Comments

  1. @stevebelieve3386 on

    How can I apply my reality to the game. ? How can I apply the game to my real life ? Well I just received the game today. And hopefully my Stupid brain can learn to understand the game to use in my real life situation. 🙂❤ thank you rich dad.

    Reply
  4. @juliereyes7810 on

    I’m confuse. The other video said, if your passive income is great than your living expense you get out of the rat race. The game said if your cash flow is greater than your living expenses then you get out of the rat race. Do I go by the game board? Income+passive income = Cashflow ?

    Reply
  10. @jounaling on

    Will you be releasing a digital version of the cashflow board game that's similar to cashflow classic? That'll make learning a lot more convenient. Don't mind paying for the digital version

    Reply
  11. @SovereignSaurus on

    Why are precious metals included on the balance sheet as an asset if they don't provide cashflow?
    Is that the best place for recording them?
    I believe they are a great way to store wealth but they do not generate cashflow until you liquidate them, like Kims watch in her example which as she says wouldn't be included on the balance sheet as an asset.

    Reply
  17. @blancaandrei7489 on

    What a lovely period it has been for me since this lockdown through Peter scott I am able to make $5100 weekly with him he has turned me into a better trader and I am on my way to really great things we have been trading non stop for the past 4 months now

    Reply
  25. @PdiseOG on

    In the Game i am able to borrow as much as i want. In real life is there a way to be eligible for a loan, just show them my financial sheet? that alone will separate me from the pack?

    Reply
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