16. Financial Literacy (continued) Income Statement Balance Sheet Income Expenses (Payments) Assets (Own) Liabilities (Debts) Taxes, mortgage/rent, cards, car, food, fun, rent, clothes, child care, insurance, medical Paycheck, dividends, interest, rents, royalties, profits, advances
17. Financial Education Income Statement Balance Sheet Income Expenses (Payments) Assets (Own) Liabilities (Debts) Taxes, mortgage/rent, cards, car, food, fun, rent, clothes, child care, insurance, medical Paycheck, dividends, interest, rents, royalties, profits, advances Mortgage, car loan, credit cards, school loans
18. Income Statement Balance Sheet Income Expenses (Payments) Assets (Own) Liabilities (Debt) Taxes, mortgage/rent, cards, car, food, fun, rent, clothes, child care, insurance, medical Paycheck, dividends, interest, rents, royalties, profits, advances Mortgage, car loan, credit cards, school loans Stocks, bonds, notes, real estate, business, intellectual property Financial Education
19. How The Poor Live They only have small incomes and small expenses Income Statement Balance Sheet Income Expenses Assets = Zero Liabilities = Zero
20. How The Poor Live They only have small incomes and small expenses Income Statement Balance Sheet Income Expenses Assets = Zero Liabilities = Zero $ The Wealthy
21. How The Middle Class Live They buy expenses and liabilities they think are assets Income Statement Balance Sheet Income Expenses Assets Liabilities Assets
22. How The Middle Class Live They buy expenses and liabilities they think are assets Income Statement Balance Sheet Income Expenses Assets Liabilities Assets $ The Wealthy
23. How The Wealthy Live They take the income of the poor and middle class, and buy assets that produce more income Income Statement Balance Sheet Income Expenses Assets Liabilities
24. How The Wealthy Live They take the income of the poor and middle class, and buy assets that produce more income Income Statement Balance Sheet Income Expenses Assets Liabilities $ Poor and middle class income
26. Rich Dad’s Cash Flow Quadrant (modified) You have a job . Someone else is the boss. Security before money.
27. Rich Dad’s Cash Flow Quadrant (modified) You have a job. Someone else is the boss. Security before money . You own a job . Loner/”boss.” Perfectionists. Small bus. owners: Drs. Restaurateurs. Independence before money.
28. Rich Dad’s Cash Flow Quadrant (modified) You have a job. Someone else is the boss. Security before money . You own a job. Loner/”boss.” Perfectionists. Small bus. owners: Drs. Restaurateurs. Independence before money. You own a system that others operate. Coordinator. Delegator. Franchiser. Use other people's time and money.
29. Rich Dad’s Cash Flow Quadrant You have a job. Someone else is the boss. Security before money . You own a job. Loner/”boss.” Perfectionists. Small bus. Owners: Drs., restaurateurs. Independence before money. You own a system that others operate. Coordinator. Delegator. Franchiser. Use other people's time and money. Your money works for you. Make money with money. Other’s liabilities are your assets.
30. Rich Dad’s Cash Flow Quadrant (modified) Job Security Financial Security Financial Freedom Ultimate Financial Freedom Wealth Side Rat Race Side
31. Sample Paths To Financial Freedom Wealth Side Rat Race Side Start End or Start
32. Sample Paths To Financial Freedom Wealth Side Rat Race Side Start End