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It is strange how the over expenditure scenario is practiced by many whom one would think are smart people...but there you go.
The assets vs liabilities section however is the powerhouse of your financial future. I believe if there is one lesson to take away from Robert Kiyosaki its this one on understanding that the asset you just bought to secure your future could be a liability.
We are taught the profit and loss game in accounting & business school classes but few teach the balance sheet game. One sees it indirectly when the subject of financial ratios comes up but the only time I have really seen it operating is in the treasury banking world.
The assets vs liabilities section however is the powerhouse of your financial future. I believe if there is one lesson to take away from Robert Kiyosaki its this one on understanding that the asset you just bought to secure your future could be a liability.
We are taught the profit and loss game in accounting & business school classes but few teach the balance sheet game. One sees it indirectly when the subject of financial ratios comes up but the only time I have really seen it operating is in the treasury banking world.
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