Robert Kiyosaki Income Statement Pdf

An income statement showing expenses but no income from a cash flowing property.

Robert kiyosaki income statement pdf. Robert kiyosaki and sharon l. Why your house is a liability. Only investors mindset can generate more investment income. This shows how a house is a liability.

As you fill in the numbers monthly or quarterly on the income statement and balance sheet the spreadsheet will analyze where you are now and will give you direction on what you need to do in order to become financially free. According to robert kiyosaki assets generate revenue. Categorisation has been on the basic of how people generates income for themselves. The answer is of course no.

Your income statement is shown on the left side of the screen. A word about revenue. Revenue expenses income income is the amount of money you make revenue minus the amount of money you spend expenses. These days people prefer to look richer by distorting the actual reality.

This is why we call it an income statement. Even with higher income they can t keep up with the incurred liabilities. This is the bottom line on your current financial situation because it shows whether you re making or losing money on a monthly basis. Most people like me and you has mindset like quadrant e s.

Regarding expanding your means robert kiyosaki said living below your means is easier in the short term but harder in the long term remember the easy road often becomes hard and the hard road often becomes easy focus on moving to the right side of the cashflow quadrant the cashflow quadrant shows how people earn their income. Version 1 0 introduces a sanitized version of the financial statement for public use. To illustrate this rich dad drew this diagram. Background this template was developed by preston smalley for managing his personal finances and was inspired by the book rich dad poor dad by robert kiyosaki.

The personal income statement can be captured in the following equation. And yes you would argue that you already know how to do that but that s usually not the case. This personal financial statement is very similar to the scorecard used in the cashflow game. In order to know for sure you would need to refer to the income statement to see if it was an asset or a liability.

Robert brings up the importance of being able to read your financial statement. Robert kiyosaki has categorised people in 4 broad categories. Discover how to move from the left side to the b and i quadrants where you work less earn more pay less taxes and have more free time to spend with your loved ones. Lechter e b s i the letters in each quadrant represent the employee self employed business owner and investor.