Recently I read the book “2nd Chance” by Robert Kiyosaki. It is always a joy reading his book, cause it is simply written (he is after all the author of the International Bestseller Rich Dad Poor Dad).
Especially, when you contrast that with “The
Intelligent Investor” by Benjamin Graham.
Robert Kiyosaki on Second Chance: For Your Money and Your Life (click here)
The word “
cash-flow” is repeated numerous time in his book. In fact, he made the distinction between:
- Being an employee, with a MBA climbing a corporate ladder, working for pay checks, bonuses, and a retirement portfolio filled with paper assets vs Being an entrepreneur, building a business and investing in the real estate, working to create assets that produce cash flow.
- “Net Worth Millionaire” / Millionaire next door- high paying job, money in the bank & stock market, nice homes vs “Cash flow Millionaire” – people who ...
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