{"id":171,"date":"2014-08-23T00:00:00","date_gmt":"2014-08-23T00:00:00","guid":{"rendered":"https:\/\/empowernetwork.com\/gmichel\/the-secrets-of-the-rich-by-robert-kiyosaki\/"},"modified":"2014-08-23T00:00:00","modified_gmt":"2014-08-23T00:00:00","slug":"the-secrets-of-the-rich-by-robert-kiyosaki","status":"publish","type":"post","link":"https:\/\/empowernetwork.com\/gmichel\/the-secrets-of-the-rich-by-robert-kiyosaki\/","title":{"rendered":"The Secrets of the Rich by Robert Kiyosaki"},"content":{"rendered":"<div class=\"previewPostBlock imagePostBlock\">\n<div class=\"posRelative\">\n<ul class=\"postVideoSlider\">\n<li>\n<\/li>\n<\/ul>\n<table style=\"width: 100%;\">\n<tr>\n<td style=\"width: 50%; margin: 0 auto 0 0; padding-top: 20px; \">\n<div id=\"slides_counter\" style=\"color: #CCCCCC;\"><b><label id=\"imgIndex\" style=\"cursor: default;\">1<\/label><label style=\"cursor: default;\"> of <\/label><label id=\"imgCount\" style=\"cursor: default;\">1<\/label><\/b><\/div>\n<\/td>\n<td>\n<div class=\"pager\"><\/div>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<\/p><\/div>\n<\/p>\n<p>This secrets of the rich video by <strong>Robert Kiyosaki<\/strong> is a must watch if your financial life is not what you would like it to be. The subject of <em>&#8220;Money&#8221;<\/em> is not learned in school. We learn how to read and write, but we don&#8217;t learn how to read financial statements.<\/p>\n<p>Nowadays, having a job is not what will bring you security considering that it is almost impossible to stay in the same company for a life career as it used to be. Even so, the income would not be enough to retire with the same lifestyle at age sixty.<\/p>\n<p>Companies are looking for ways to be in better health financially and make more profit. They are looking into downsizing all the time. <em>Keith Cunningham<\/em>, a financial specialist, who helps companies to just do that explains it very well in the video.<\/p>\n<p>People have to learn how to make money with money.<\/p>\n<h2><strong><span style=\"color:#006400;\">The Secrets of the Rich by Robert Kiyosaki<\/span><\/strong><\/h2>\n<p><strong>Robert Kiyosaki <\/strong>explains in very simple terms that everyone can understand how finance works. You have an income statement with <strong>&#8220;Income&#8221;<\/strong> &amp; <strong>&#8220;Expense&#8221;<\/strong>, then a balance sheet with <strong>&#8220;Asset&#8221;<\/strong> and <strong>&#8220;Liability&#8221;<\/strong>. These are the basics for financial intelligence and you just have to know how to read these statements and understand how each element works.<\/p>\n<p>The main cause of financial struggle is the confusion in definition of an <strong>&#8220;Asset&#8221;<\/strong> and a <strong>&#8220;Liability&#8221;<\/strong>. So, what is the difference between the two?<\/p>\n<p>The dictionary&#8217;s definition is confusing and <em>Robert Kiyosaki<\/em> made his own.<\/p>\n<p><strong>Asset:<\/strong> Something that puts money in your pocket.<br \/><strong>Liability:<\/strong> Something that takes money out of your pocket.<\/p>\n<p>For example, a house is not an asset as the bankers would like you to believe, but a liability. They are not totally wrong in the sense that the house is their asset, not yours, with the mortgage that puts money in their pockets\u2026<\/p>\n<p>That&#8217;s the same with your car, it&#8217;s not an asset, but a liability.<\/p>\n<p>There is even a simpler definition:<\/p>\n<p><strong>If you stop working\u2026<\/strong><\/p>\n<p><strong>Assets feed you!<\/strong><br \/><strong>Liabilities eat you!<\/strong><\/p>\n<p>Now, don&#8217;t you think it&#8217;s time to learn more about financing and how the rich make their money work for them?<\/p>\n<p>Enjoy.<\/p>\n<p><strong>Michel Gerard<\/strong><\/p>\n<p>Get to know me &amp; Work with me! <a href=\"http:\/\/pantika.us\/gettoknowmichelgerard\" target=\"_self\" title=\"\">Click Here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>1 of 1 This secrets of the rich video by Robert Kiyosaki is a must watch if your financial life is not what you would like it to be. The subject of &#8220;Money&#8221; is not learned in school. We learn how to read and write, but we don&#8217;t learn how to read financial statements. Nowadays, [&hellip;]<\/p>\n","protected":false},"author":891,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-171","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/empowernetwork.com\/gmichel\/wp-json\/wp\/v2\/posts\/171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/empowernetwork.com\/gmichel\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/empowernetwork.com\/gmichel\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/empowernetwork.com\/gmichel\/wp-json\/wp\/v2\/users\/891"}],"replies":[{"embeddable":true,"href":"https:\/\/empowernetwork.com\/gmichel\/wp-json\/wp\/v2\/comments?post=171"}],"version-history":[{"count":0,"href":"https:\/\/empowernetwork.com\/gmichel\/wp-json\/wp\/v2\/posts\/171\/revisions"}],"wp:attachment":[{"href":"https:\/\/empowernetwork.com\/gmichel\/wp-json\/wp\/v2\/media?parent=171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/empowernetwork.com\/gmichel\/wp-json\/wp\/v2\/categories?post=171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/empowernetwork.com\/gmichel\/wp-json\/wp\/v2\/tags?post=171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}