Conspiracy of The Rich blog : Learn with Rich Dad Robert Kiyosaki how to Survive and thrive in today's economy, how to build assets, how to save money and increase your financial success, how to invest wisely and how to plan your path to financial achievement

Friday, January 10, 2014

Start with Small Investments in Assets that produce Cash Flow each month

 We're guessing with the enormous success of "Rich Dad" that you feel pretty financially secure. But what habits should everyone, from the most cash-strapped to the comfortable, get into in order to become or remain financially solvent?

The first step is to increase your financial intelligence through financial education. Read books, attend seminars, and build a network of smart financial friends and advisors. Once you understand how money works and how you can make it work for you, you're well ahead of the majority of people.

On a very practical level, don't go into bad debt trying to live a lifestyle that you can't afford. Lots of people buy things like televisions, cars, clothes and vacations on credit, convincing themselves that they need these things. But those items are liabilities. They take money out of your pocket and don't put any money in. Instead, put financial education into action and start with small investments in assets that produce cash flow each month and build up your investments until the cash flow allows you to enjoy life's luxuries. - in

Rich Dad Poor Dad is the story of Robert Kiyosaki 's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.