Robert Kiyosaki talks about Financial IQ

This is a snippet of what Robert Kiyosaki was teaching at a symposium, interesting stuff. For anyone interested you really should go and read that book called 'Finanical IQ)

Category:

Education

Tags:

• robert kiyosaki
• cashflow
• financial intelligence

[3rdEyeSpeaks]

so an asset is always something that can be sold? is it always a product or service? the house could be rented or sold.

[dddreamchaserrr]

@3rdEyeSpeaks the answer is yes and no... Asset is defined more to whether it will bring in money or cost you money. It can be a product, information or a book.

a house can be an asset but only when its positively geared and making money after all expenses.

Many people rent out a house but still have put more money in to cover the difference in the loan repayment and income from rent. Many accountant will classify that as a loss and then claim it on tax deductions.

[josoriop85]

I want to be very rich

[JTMarlin8]

LOL is your name really Mike Raper? No wonder you're poor.

[IcePrincess619]

He's Right! . My father was right!

[sab628]

@TheKuroky It's a semantic difference. Robert has a different definition of an asset, the same way that "hard" can mean a hard rock or a hard cock

[interkoby]

Koby kamhaji

Las instituciones financieras tienen dos objetivos 1) traer ganancias a la compañía 2) tráele ganancias al inversionista ,, que pasa cuando estos dos objetivos se cruzan una con el otro ,,por supuesto que van a preferir traerle ganancias a su compañía aun que sea a cuesta del propio inversionista.

Es hora que protejamos ( parte de ) nuestro capital en inversiones tangibles ,, es hora de invertir en,, Diamantes

[TheKuroky]

I thought an asset as an accounting term is defined as anything you own that has value regardless if it generates income or not. Does Robert know something I don't?

[cheeriosinabowl]

Never trust anybody wearing a pin striped suit !

Yet another financial guru. 

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