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| Robert Kiyosaki |
It's such a frustration when you get a phone call in the middle of watching a television programme (especially when hubby answers it when you would have ignored it!). I was watching a programme on BBC about money called "Who wants to be a millionaire". It's currently available on the BBC iPlayer for those who can access it. (That's how I caught up with the full programme.)
Among the folks featured was American Robert Kiyosaki who has made a lot of money (after starting with nothing) by following some basic principles which he says are taught by the wealthy to their families. He explained on the programme that owning something which produces income is an asset and something which costs money or earns nothing is a liability (he and his wife mentioned that their home is actually a liability because it doesn't generate an income.) Kiyosaki loves "toys" - he has a stable of some very expensive cars and obviously likes other gadgets and gizmos. However, before he buys a new toy he makes sure that there is an asset somewhere producing enough income to cover his expensive choices. Wise move!
The other thing which obviously makes him a lot of money is his coaching and mentoring programme - and his board game, Cashflow, which aims to teach people how to manage assets and liabilities.
