Cash Flow: Will it make you rich?

[treebarkgem]

Hello po mga pips,

Totoo kaya ito? http://media.richdad.com/cashflow4.swf

Seems logical naman yung approach eh. For me medyo naconvince ako.

To all tsikoteers na negosyante, ganito po ba kayo magisip? share naman po mga tips.

thanks

[uls]

well, that rich dad poor dad thing did make one person really really rich ---- that person is Robert Kiyosaki

now he co-authored a book with The Donald. Both those guys want u to be rich daw.

Hmmm....... if u buy their book and make them richer first.

[ian_rex]

actually, i've read the book. all of it makes sense. now, how do i learned all of this without getting ripped? i read whenever possible in powerbooks gb4.

[kimpOy]

yan ang mautak...

[theveed]

All of these financial planning books are in essense "true" naman eh, but none of the concepts will help if the reader doesn't understand the fundamental issues like budgeting, investing and controlling spending.

Uls: Exactly, they know how to make themselves rich as well by doing so. Would you buy a finance book from a guy who's bankrupt? hehe.

[niky]

RE: Powerbooks: BWAHAHA! That's a great way to practice proper cashflow... just don't spend it!

RE: self-help books... true... these books won't work if you don't educate yourself on the basics. Most of this stuff is just common sense in an easy to read package.

Buying lots of these isn't as helpful for prospective entrepreneurs as going out and actually applying the principles is.

[treebarkgem]

lets say you have 20k to start with. what will you do with it? sa current na setting po dito sa pinas.:grouphug1:

[niky]

20k pesos? Fishball cart? (self-run)...

With that much, you can get a good price for cellcards, but the amount of time it takes you to sell makes earnings marginal.

[uls]

ummm... i would not buy a get-rich book written by a guy who got rich by writing get-rich books hehe