How To Grow Your Business With The Best Tools

I on page 3 now and as I start to read the section "Just What I Was Looking For" I see where I went wrong in the 80's, 90's and early 2000. I was getting myself in assets that were laden with negative debt. Learn More ! Instead of buying properties that would give me a positive cash flow I had started to buy houses that made a loss for me so I could offset the losses against any profits I made in my restaurant business. Just imagine now if you were running a traditional business and made a loss year in and year out for the next 20 years. Would you stay in business? How many houses run at losses can you sustain against the tax you pay. Maybe one, maybe 2 or maybe three investment properties. Because there is only so much income you can make in a week or a month or a year. And that tax is more or less fixed. There will come a time when the tx you pay cannot be offset any more against any more homes as your borrowing capacity would be at the limits. The banks may...

Today is Day-2 in my study of the book Rich Dad Poor Dad by Robert Kiyosaki. On page 1 I can relate to what Sharon Lechter says about financial literacy .  When I was growing up as a teenager in India my dear mother pushed us to study hard as it was the only thing she felt was between having a job and being broke in the 70's. My parents spent so much of their life's earnings on educating their 7 children giving them the very best of education there was around making us engineers, accountants and administrators. Yet as I was growing up I felt there had to be a better way. I saw both mum and dad working very hard to just put us through school first and then college. What hurt me most as a 11 year old was to see mum take up a job so we could keep on studying at a private school. Having a large family back then was not easy for my father to bring up 7 children just on one wage. Due to this huge finacial burden they never really had a great life. They were so much like the...

I am reading the book Rich Dad Poor Dad by Robert Kiyosaki for the second time to learn the things I missed out when I first read the book in 2002. Its now 13 years later. Why did I take all this time to get back to this book is my question I ask myself. After all this book by Robert Kiyosaki holds so many secrets to creating wealth and would have helped me to get to my goals so much faster. I am intrigued by the tagline on the book - "What the rich teach their kids about money - That the poor and middle class do not!"  I am excited to get started and the paragraphs below are what I have gleamed so far from page one in Chapter 1. I am intrigued at what Robert says in his book that the school system has not taken any steps to teach students anything about the real world. All we are taught in schools is to just study hard and get good grades and to beat everyone else at school. The focus is to get the best jobs out there in the market place . Interestingly the jobs that...