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第12部分(第2页)

Rich Dads Financial Statement

Ine 》 Expense

Asset 》 Liability

A review of my rich dads financial statement is why the rich get richer。 The asset column generates more than enough ine to cover expenses; with the balance reinvested into the asset column。 The asset column continues to grow and; therefore; the ine it produces grows with it。

The result being: The rich get richer!

Why the Rich Get Richer

Ine …》 Assets …》 More Ine

Expenses are low; Liabilities are low

The middle class finds itself in a constant state of financial struggle。 Their primary… ine is through wages; and as their wages increase; so do their taxes。 Their expenses tend to increase in equal increments as their wages increase; hence the phrase 〃the rat race。〃 They treat their home as their primary asset; instead on investing in ine…producing assets。

Why the Middle Class Struggle

Ine goes up; Expenses go up

Assets do not increase; Liabilities do increase

This pattern of treating your home as an investment and the philosophy that a pay raise means you can buy a larger home or spend more is the foundation of todays debt…ridden society。 This process of increased spending throws families into greater debt and into more financial uncertainty; even though they may be advancing in their jobs and receiving pay raises on a regular basis。 This is high risk living caused by weak financial education。

The massive loss of jobs in the 1990s…the downsizing of businesses…has brought to light how shaky the middle class really is financially。  Suddenly; pany pension plans are being replaced by 401k plans。 Social Security is obviously in trouble and cannot be looked at as a source for retirement。 Panic has sei in for the middle class。 The good thing today is that many of these people have recognized these issues and have begun buying mutual funds。 This increase in investing is largely responsible for the huge rally we have seen in the stock market。 Today; there are more and more mutual funds being created to answer the demand by the middle class。

Mutual funds are popular because they represent safety。 Average mutual fund buyers are too busy working to pay taxes and mortgages; save for their childrens college and pay off credit cards。  They do not have time to study to learn how to invest; so they rely on the expertise of the manager of a mutual fund。 Also; because the mutual fund includes many different types of investments; they feel their money is safer because ii is 〃diversified。〃

This group of educated middle class subscribes to the 〃diversify〃 dogma put out by mutual fund brokers and financial planners。  Play it safe。 Avoid risk。

The real tragedy is that the lack of early financial education is what creates the risk faced by average middle class people。 The reason they have to play it safe is because their financial positions are tenuous at best。  Their balance sheets are not balanced。 They are loaded with liabilities; with no real assets that generate ine。 Typically; their only source of ine is their paycheck。 Their livelihood bees entirely dependent on their employer。

So when genuine 〃deals of a lifetime〃 e along; those same people cannot take advantage of the opportunity。 They must play it safe; simply because they are working so hard; are taxed to the max; and are loaded with debt。

As I said at the start of this section; the most important rule is to know the difference between an asset and a liability。  Once you understand the difference; concentrate your efforts on only buying ine…generating assets。  Thats the best way to get started on a path to being rich。  Keep doing that; and your asset column will grow。 Focus on keeping liabilities and expenses down。 This will make more money available to continue pouring into the asset column。 Soon; the asset base will be so deep that you can afford to look at more speculative investments。  Investments that may have returns of 100 percent to infinity。 Investments that for 5;000 are soon turned into 1 million or more。 Investments that the middle class calls 〃too risky。〃 The investment is not risky。  Its the lack of simple financial intelligence; beginning with financial literacy; that causes the individual to be 〃too risky;〃

If you do what the masses do; you get the following picture。

Ine = Work for Owner

Expense = Work for Government

Asset = (none)

Liability = Work for Bank

As an employee who is also a homeowner; your working efforts are generally as follows:

1。 You work for someone else。  Most people; working for a paycheck; are making the owner; or the shareholders richer。 Your efforts and success will help provide for the owners success and retirement。

2。 You work for the government。 The government takes its share from your payc

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