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“How can you understand one without the other? How can you tell what an asset or liability really is without the income column or the expense column?” he asked.įor rich dad, understanding the relationship between the two allowed you to easily see the direction of your cash flow to easily determine if something was making you money or not.

Robert Kiyosaki’s rich dad, his best friend’s father, felt that the relationship between the two was critical. However, these classes don’t teach why one document is important to the other, or how they affect each other.

#Rich dad game how to

Many people who take accounting classes learn how to read an income statement and balance sheet separately. If you do not understand these concepts, the only way you’ll succeed in investing is by sheer luck, not skill.

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In the Rich Dad personal financial statement, which you can download here, you can see the relationship between these concepts. What is a personal financial statement, you ask? It tracks your income, expenses, assets, liabilities, and cash flow - each of these is crucial to not only understanding your personal financial standing, but they are also a barrier to entry when it comes to any investment opportunities. Give the same $100,000 to a person with a low financial IQ and a person with a high financial IQ, and you’ll see a vast difference in how that money is spent and grown.Ĭentral to the difference between those with low and high financial IQs is a simple but profound literacy: the ability to understand a financial statement. What makes you rich is your financial IQ. The reality is that money doesn’t make you rich. Financial literacy begins by understanding your personal financial statement They think that if they can just make a little more each month, all their problems will be fixed. For most people, being rich means making a lot of money. This is perhaps the most important question you can ask and answer. The first step to understanding your personal financial statement, is comprehending the relationship between an income statement, and a balance sheet The rich have mastered the craft of reading their personal financial statements

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Enjoy helicopter rides, dance parties, and drive expensive cars while exploring the lifestyle of rich families.ĭownload Virtual Billionaire Dad Simulator right now and play your role as a billionaire dad to perform interesting activities during your wold tour.Understanding your personal financial statement doesn’t have to be difficult Get ready to play the latest free dad family simulator game with the billionaire and luxury lifestyle. Buy Royal Mansions and Malls in the City. Realistic City, and Beautiful House Interiors. Visit Pet Shop to Buy Pets (Cat, Dog, or Lion) for the Kids. Drive Luxury Cars and Enjoy the Helicopter Ride. You can fulfill your passion and dreams with the luxurious lifestyle and businesses in this dad simulator.įeatures in Billionaire Dad Simulator Life: Get ready for the family adventures with the businessman dad of the virtual family games. Enjoy the luxury helicopter ride with your family as the richest man of the city for traveling to your royal mansion playing the dad games. Play as billionaire dad to feel the lifestyle of a businessman on his world tour with his family. Presenting you the luxury lifestyle of a billionaire family with this Virtual Billionaire Dad Simulator. Have you ever thought of a billionaire lifestyle?