Let's make money.. but how?
By xXxRashEeD
@xXxRashEeD (305)
Philippines
January 19, 2008 4:31pm CST
I've already been reading this Book..
Rich Dad, Poor Dad..
And as i flip one page to another.. i'm starting to know and learn the power of money..
I knew.. what real assets and liabities are.. what they do.. and how they will affect our life..
now.. its stated.. buy assets and lessen your liabilities..
22 now.. i've been thinking on how am i going to buy an asset..
in which field am i going to excel..
real estate? food business..?
but working now as an employee.. receiving my paychecks. i am not quite sure where to start..
i'm thinking of buying a computer.. it will somehow give me extra job right..? home based jobs.. online works..
somehow i can call an asset..
how bout you?
how will you secure your future financially?
2 people like this
9 responses
@macqueletmen29 (42)
• Philippines
20 Jan 08
yes..that's what is good.. to plan for your financial security in life ... but right now i'm not sure yet on how can i get an online job.. i'm afraid of being scammed by those people out there who make money from those who just want a decent online job to have time with their families... if you come across any legit online data entry or typing jobs.. please notify me and help me.. tnx
@shotgunner101 (315)
• United States
20 Jan 08
Well I have read a few books and talked with some very knowledgable people and i got to say their is some good ways to make decent money.Anyways im gonna work on other ways to make money.I'm gonna try online stuff till i can get a RL job :P
@stephcjh (38473)
• United States
20 Jan 08
I want to wish you luck in your search for money. I earn my money online and my husband works outside of the home for us. We are trying to pay off our bills and get ready for his retirement. We are also trying to buy the things we want and have to have before he retires because he will take a paycut when that happens. We are trying to also save some money.
@creationsbyrobin (3071)
• United States
20 Jan 08
The key to Kiyosaki's book is to build assets that will pay a residual income. Like a piece of rental property, poeple always will need a place to live and if you can rent the property for more than the mortgage, then you will be receiving residual income each and every month. As the years go by, you will be paying down the equity.
If you can create residual income, income that continues to come in, even if you don't do any work (or just a little work) are the keys to Mr. Kiyosaki's writings. A very good book to read is his Cashflow Quadrant.
The book is awesome and every day that passes, I can see everything he wrote about getting closer to becoming true.
As for how I'm securing myself for the future... Roth IRA (it can be used to purchase real estate w/o the penalties of a 401K) and a couple of online ventures, one of which is building my family a residual income.
@Sungolian (377)
• United States
20 Jan 08
This is exactly why starting your own business is better than working for somebody else. If you are working for paychecks, if for some reason they fire you or their business goes bankrupt, you are left with nothing. With physical or abstract assets, your money will "grow" and you own and control it.
@signorpetho (379)
• Indonesia
19 Jan 08
If you're looking for experiences first, you can start to do business as distributor or you applied your particular skills to be offered to people.
Try to explore more about your ability. And do it. If you have enough capital, you can join or invite some people to do nusiness with you and it has to be done legaly.
Business is simple if we now more and more
