Robert Kiosaki Made by: Aminjonovich

Robert Kiosaki

Made by: Aminjonovich

The Debt Trap

The Bank Your house is an asset

But, an asset on whose balance sheet? Theirs of course!

An ASSET puts money in your pocket

A LIABILITY takes money out of your pocket

The name of the game of capitalism is Who is indebted to whom?

The more people you are indebted to, the poorer you are. The more people you have indebted to you, the wealthier you are.

The average American gets a credit card immediately after school and will be in debt until death

We are all indebted to someone else. The problem occurs when the debt gets out of balance.

The World Is Awash With Money

Every day 1.4 trillion criss-cross the globe looking for a home

That is 1,400,000,000,000 !!!

There is a ton of money waiting for excellent opportunities

If a country, a corporation or an individual knows how to take care of money, money will continue to flow to it

Be the Bank, not the Banker

Be careful of moneys addictive power. Once you get used to receiving it, that addiction keeps you attached to the way you got it

Most people struggle financially because they spend their lives using opinions rather than facts when making financial decisions

Expenses always rise to meet income.

It is not about how much money you make, but how much you keep and how long that money works for you

Discipline Gets You Out Of the Debt Trap

Of your income, remember, the first 10 is yours to keep

That is, keep it aside and dont touch it

With the remainder pay your normal expenses

You will quickly be forced to cut some expenses, but will get used to it

With the extra money do the following

Decide to run all your expenses on one credit card

Never spend more on the card than what you can pay in that month

Pay the minimum payment every month plus pay your 10 into that single credit card each month

Keep paying until the card is paid off

Then start the process with the next card and then the next debt

Most people can be debt-free within 5-7 years if they stay disciplined

You Can Be Rich and Poor in All Quadrants

Safe, Secure Job, Good Benefits

Surround yourself with specialists, work as a

group

Make your money work for you

Be your own boss, do your own thing

Time To Choose

Where Do You Get Your Income?

People are busier than ever

The only difference between the rich and the poor

is what they do in their spare time

When at work, work hard. What you do after work

with the paycheck for your hard work and your

spare time will determine your future

Turn Liabilities Into Opportunities

If you take on debt personally makes sure its

small. If you take on large debt, make sure

someone else is paying for it.

The Secret To the Wealth Of Corporations

The Typical person

EARN - TAXES - SPEND

100 - 33 - 40 27

The advantage of being the bank and not the banker

EARN - SPEND - TAXES

100 - 40 - 20 40

Rat Race Fast Track

Money Buys You

Having lots of time to raise your kids

Having money to donate to charities and support projects

Bringing jobs and financial stability to the community

Having time and money to take care of your health

Being able to travel the world with your family

What It Takes To Be Rich

A study of the rich world wide has shown that

they

Maintain a long term vision and plan

Believe in delayed gratification

Use the power of compounding in their favour

Einstein said Mans greatest discovery was the

power of compound interest

We must all run our bit of work like our own

business

As a group we will make the company more valuable

and will grow our asset in the business