![]() ![]() ![]() This is the cloth from which memorable Saturday afternoons are woven, and I intend that the garment will not wear out when my children assume real-life financial responsibilities in the future. performance calculated as operating cash flow minus capital expenditures. Moreover, the three year old learned to count by interacting with his banker siblings, while I made sure nobody embezzled. Why Kids Above All At Kids Above All we value our employees work/life balance. They know that what most Americans call “Assets” really are Doodads, expensive trophies that cover the ugly reality of debt with a shiny, but thin, veneer of socio-economic success. They understand that some Assets have a better return for their risk than others, and so sometimes it is more prudent not to buy a particular Asset, saving up for another one instead. They have learned that the green tokens (Assets) are better than the red ones (Liabilities). Meanwhile, my children enjoy Cash Flow for Kids. That being said, I have recommended Kiyoaski’s books to others in the promotion of financial literacy, and his suggestions for establishing a passive stream of Income from rental real estate or other Assets may be appropriate to some people’s situations. It can be a wonderful means of serving others and of receiving daily bread from God with thanksgiving. Earned income, despite its unfavorable tax status, is part and parcel of the vocation to which God has called many of us. I view labor as a gift from God and I don’t worship the evasive god known as Financial Freedom. Ultimately, Kiyosaki hopes that people will achieve financial freedom by quitting their day job and living off their rental real estate income. Second, seek to acquire genuine Assets, the kind that generate Income and minimize Expenses. First, learn to think in financial statements, keeping a clear distinction between Income and Expenses and between Assets and Liabilities. With these observations in mind, Kiyosaki points to an escape from the Rat Race. Federal tax regulations favor passive Income from investment Assets (especially in the rental real estate market) over active Income from earned wages.Many so-called Assets of the middle class (such as cars and boats and giant-screen TVs) are really Doodads or even Liabilities (even at their best, they fail to generate Income, and at their worst they generate maintenance Expenses-not to mention interest Expenses for debt).Genuine Assets generate passive (non-labor-intensive) Income.Income minus Expenses equals Profit (or Loss, if Expenses exceed Income).Kiyosaki, has presented to adults through both seminars and his best-selling Rich Dad, Poor Dad book series. Cash Flow for Kids teaches the same principles that its creator, Robert T. ![]()
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