SELF IMPROVEMENT

Powered by Blogger.

Five Assets that make people rich fast

These are 5 assets that make people rich according to Multi-millionaire Robert T. Kiyosaki 

Robert T. Kiyosaki


                                            Robert T. Kiyosaki is a Businessman,Investor,Author.He one's said in stage.How to be rich?

                                  Kiyosaki's financial and business teachings focus on what he calls "financial education" He usually talks about generating passive income not working actively For example:A shopkeepers earns by selling goods at shop.He cannot earn money if he didn't go in his shop he usually focuses on on business and investment opportunities, such as real estate investments, businesses, stocks and commodities.

For understanding and getting financially literate you can also play his game Cash flow also known as monopoly.


Cash flow(game)

Look,

Robert T. Kiyosaki was financially successful because of having a great financial knowledge and business ideas .Since,child he learned business ideas from his both father one father was struggling for money but another father was financially rich.
                               Robert T. Kiyosaki was rich in financial knowledge and he knew that assets make money rather than liability. He knew that to make money we should make money work for us rather than working for money. Due to his strong financial knowledge he has been financially successful and one of the richest person in the world.


5 assets according to Robert  T. Kiyosaki are presented below:-

  1. Business
Business





                        Business lies in top in the chart of assets and getting rich.People should start doing startups in order to get rich.You get paid in job for your time not for the the capacity.Today in twenty-first century.Virtual product can be a great choice than a physical product.It may be headache to take your product here and there.But, for the virtual product like Facebook,Google,Windows,Games,Software anybody can use it with just a single click.But, for being successful in business you must create PSP(Problem Solving Product).Facebook destroyed loneliness.Microsoft made GUI(  Graphical User Interface) based operating system which  made using computer easy.




2.Real estate


Real Estate




                             Real estate is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.Real estate lies in second position to get rich fast.For this you can also take online courses.Usually People don't have money for buying house.So,first you can debut in real estate by being an Agent or Real estate manager.After that you can buy some houses and earn some cash.You can also buy a land or house with partnership.



3. Stock,bonds,mutual funds



Shares and Stocks















                            Stocks,Shares,Bonds,Mutual funds lies in third position for getting rich fast.
share is a unit of account for various investments. It often means the stock of a corporation, but is also used for collective investments such as mutual funds, limited partnerships, and real estate investment trusts. Corporations issue shares which are offered for sale to raise share capital.
               
You can watch the down YouTube video to see the power of share :-


4.Commodities
Commodities









                                 A commodity is an economic good or service that has full or substantial  fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.Oil,Petrol,Gas are the some examples of commodities.We can get nice return from commodities.




5.Investment in Gold,Silver and other precious metals

Gold








                                   Investing in Gold,silver and other precious metals lies in fifth position to get rich fast.But, it should be in biscuits because if we make Jewelries than its value can get decreased if we invest it in gold,silver,diamonds than we can get rich fast.  




 You can check that video too which Robert T. Kiyosaki explained all about it :


                     

No comments