Saturday, August 22, 2009
A Robert T. Kiyosaki Tip I Want You To Know
Possessions under my name that take money out of my pocket every month are my Liabilities.
Those that put money in my pocket are called Assets.
The bank calls my house and my car and my boat (I am attracting a boat hence its inclusion here;)) an asset because it brings money into THEIR pockets, making them liabilities to me.
Liabilities that are vacuum cleaning my money from my wallet, minus the tax the government takes before I even see it.
A tax deduction plan the US government invented, according to one of my best inspirational businessman @Robert T. Kiyosaki from a free audio download by him suggested from his best sellers.
Because I was brought up to look for income sucking liabilities when I grow up - go get a job, a car, a house, get married and have kids to take to private school and least we forget the clothing/ credit card accounts you must pay every month - instead of cashflow rich assets that bring money into my pocket.
I change my focus I change my results.
I recommend Robert T. Kiyosaki's [affiliate link] Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! for more clarity on this.
Yours in abundant prosperity,