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Money lesson from Robert Kiyosaki

We can learn many things from R Kiyosaki because he is a successful investor. He dont have to work any more because his money or investment works for him 24/7. This is a summary of one of his idea about money:

"A large part of Kiyosaki's teachings focus on generating passive income by means of investment opportunities, such as real estate and small businesses, with the ultimate goal of being able to support oneself by such investments alone. In tandem with this, Kiyosaki defines "assets" as things that generate money, such as rental properties or businesses, and "liabilities" as things that cost money, such as house payments, cars and so on. " from Wikipedia .

From the summary above, we know that Kiyosaki believes that:

* The best source of income is passive income. Passive income means profit that flow into our pocket after we make an investment, we dont have to work for this profit but our investment works for it. This profit include rent if we have house and business profit. Dividends from share, royalty from writing a book, and money from hits4pay referrals are also passive income.

* Kiyosaki is very strict in defining asset and liability. For him asset is anything that puts money into your pocket, for an example your computer is your asset if its generate income from internet.

* Kiyosaki defines liability as everything that takes money from your pocket. In contrast to popular opinion, Kiyosaki believes that our house and our car that we still paying are liabilities. Make sense? There are liability because they take money/cash from our pocket, not giving us any money/profit.

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