Financial Lesson : Focus On Asset, Not Income
Focus on asset -- In early 2009, Robert Kiyosaki is renowned for his book Rich Dad Poor Dad re-create a buzz again by writing another book titled Financial Conspiracy of The Rich. The book is somewhat like no other, because Robert wrote chapter by chapter and then uploaded to the Internet, to be the subject of discussion. Thus, this book is an interactive book.
Related Topic :
In the book Conspiracy of The Rich, I found a lot of valuable lessons about the finances of Robert Kiyosaki. In it there are so many brilliant ideas about finances that may not occur to most people.
One of the lessons that you can get to be a financial success in this book is to focus on assets, not income.
How can this principle be applied? Robert's business give an axample with his Rich Dad Company.
Robert Kiyosaki does not focus to get income by making products in the Rich Dad Company. However, Robert instead focused his attention on creating assets. That is, he does not focus on his books, but he focused on the production of derivatives, namely the right to license, so he could sell the licensing rights to other countries who want to translate the book. Apart from the book, Robert also has other assets of the license rights Cashflow games and his trademark.
In this way, Robert is also denying the principle "live below your means" that a lot of people applied. According to him, what is more appropriate is "expand your means"! So do not just focus on saving money, but more focus in the increase of assets. Increase in financial capability, rather than lower the standard of expenditure.
For Robert and his wife, Kim Kiyosaki, reproduce done with their plan assets in 2009 was to publish three new books, buying 200 to 500 rental units, drill more oil wells, and others.
Principles applied by Robert and his wife reminds we of the Mike Litman, author of Conversations with Millionaires. He once wrote in one article, that is what is done by the entrepreneur.
Thus, the entrepreneur focus on long-term goals, not short term. The entrepreneurial focus to build assets, rather than on revenue or income, such as what is done by the employees. If the employees focus on the salary that comes out every month, then the entrepreneur to focus on building assets that can provide benefits for the long term.
Increase the asset does not have to do with his own money. In fact, Robert says that he likes to build assets in debt (not for consumer goods). No wonder Robert to retire at age 47. Financial knowledge is so deep, and of course he practiced alone. Well, what you read was just a bit of valuable lessons from the book Conspiracy of The Rich.
Related Topic :
In the book Conspiracy of The Rich, I found a lot of valuable lessons about the finances of Robert Kiyosaki. In it there are so many brilliant ideas about finances that may not occur to most people.
How can this principle be applied? Robert's business give an axample with his Rich Dad Company.
Robert Kiyosaki does not focus to get income by making products in the Rich Dad Company. However, Robert instead focused his attention on creating assets. That is, he does not focus on his books, but he focused on the production of derivatives, namely the right to license, so he could sell the licensing rights to other countries who want to translate the book. Apart from the book, Robert also has other assets of the license rights Cashflow games and his trademark.
In this way, Robert is also denying the principle "live below your means" that a lot of people applied. According to him, what is more appropriate is "expand your means"! So do not just focus on saving money, but more focus in the increase of assets. Increase in financial capability, rather than lower the standard of expenditure.
For Robert and his wife, Kim Kiyosaki, reproduce done with their plan assets in 2009 was to publish three new books, buying 200 to 500 rental units, drill more oil wells, and others.
Principles applied by Robert and his wife reminds we of the Mike Litman, author of Conversations with Millionaires. He once wrote in one article, that is what is done by the entrepreneur.
Thus, the entrepreneur focus on long-term goals, not short term. The entrepreneurial focus to build assets, rather than on revenue or income, such as what is done by the employees. If the employees focus on the salary that comes out every month, then the entrepreneur to focus on building assets that can provide benefits for the long term.
Increase the asset does not have to do with his own money. In fact, Robert says that he likes to build assets in debt (not for consumer goods). No wonder Robert to retire at age 47. Financial knowledge is so deep, and of course he practiced alone. Well, what you read was just a bit of valuable lessons from the book Conspiracy of The Rich.
.gif)
.gif)
