Cash flow is more important than income. The rich focus on increasing passive income streams that consistently generate revenue without active involvement.
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Passionate about personal growth, financial literacy, and business strategy. Exploring ways to build wealth, develop effective habits, and scale businesses. Let’s connect and share insights on self-improvement and financial success! 💼📚💡
Rich Dad Poor Dad shifts perspectives on money, showing how to leverage assets, financial education, and a wealth mindset to achieve financial freedom. Through Kiyosaki’s guidance, readers learn to build wealth sustainably, transforming money into a powerful tool for lasting success.
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Similar ideas to Understanding Cash Flow 🔄
Cash flow is the amount of money a company takes in as a result of doing business.All companies take in cash, but some have to spend more than others to get it.
The word "budget" is often synonymous with restricted and rigid, making you want to avoid it. Instead, use the term "cash flow."
The formula for cash flow is:
(Monthly income) - (Monthly expenses + saving) = (Money left to spend.)
A liability takes money out of your pocket.
An asset increases the value of your money.
The cash flow patterns of poor, middle-class, and rich people differ based on their assets and liabilities.
Income Sheet:
Income: Money earned from various sources.
Expenses: Mone...
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