Your Guide to Wealth

Your Guide to Wealth (by: Robert Kiyosaki) Raising our Financial IQ

“Wealth is Time and Rich is Money”

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CashFlow Quadrant

  • E – Employee
  • S – Small business owner / Self employed
  • B – Big Business / Business owners
  • I – Investors

3 Types of Education

  1. Academic Education
  2. Professional Education
  3. Financial Education

Terms @ 17:11 of the Video

Credit Report (E and S)

Financial Statement (B and I)

Definition of Assets and Liabilities

Some people said, in order to get rich you need to follow below, but this doesn’t make you Financially free!!!

  • Work Hard
  • Save Money
  • Get Out of Debt
  • Invest for Long Term
  • Diversify

“It takes money to make money”

Risky among Investments are: (most people say it’s safe!)

  1. – Savings
  2. – Stocks
  3. – Bonds
  4. – Mutual Funds

1971 – Money became Currency

6 Controls as an Investor

  1. Income
  2. Expense
  3. Asset
  4. Liability
  5. Financial Education / Management
  6. Insurance

Game of Money 

  • Pre Game Show
    • 25-35 1st Quarter
    • 35-45 2nd Quarter
  • Half-Time (Mid-life crisis)
    • 45-55 3rd Quarter
    • 55-65 4th Quarter
  • Over-Time
  • Out of Time

“Spend your Health gaining Wealth”

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