At5% interest, the payment on the loans would be around $500. So, my cash flow on each property would be $300 a month ($800 in rent - $500 in debt payment = $300 per month) for a total of $1,500 ($300 x 5 = $1,500) per month—an 18% annual return. That is twice as much as if I'd only used my own money to invest.
RichDad Poor Dad from Dymocks online bookstore. What the Rich Teach Their Kids about Money That the Poor and Middle Class Do Not!. PaperBack by Robert T. Kiyosaki Dymocks wishes to acknowledge the Traditional Custodians of the lands on which our stores across the nation work and gather. We pay respect to the Elders past, present and Drawingfrom Kiyosaki's personal experience, Rich Dad Poor Dad examines the difference of mindset between the rich, the poor, and the middle class. It attempts to answer some of the burning questions that pervade each class and their eternal struggle with wealth, or lack thereof.Thislack of financial skills taught in school means that even highly educated people generally do not know how to handle money. The result is that the majority of people get trapped in work to pay their bills and are chasing paychecks all their life. This is the sad conclusion Robert Kiyosaki draws in his bestselling book Rich Dad, Poor Dad .
Sep2001 - Present22 years 1 month. Everything changed in 2001, when a friend recommended I read a book called Rich Dad Poor Dad by Robert Kiyosaki. The book so perfectly articulated all of my beliefs about money and reignited the passion for investing I had in my youth. Shortly after reading the book, I made the life-altering decision to start
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