Abdul
I have been reading the RichDad books for a long time. I finally decided to take some action because everything that I have read by Robert has made perfect sense.
One thing that I have gained from the books and audios is a change in perspective of money.I realize that I have lived my life under the belief that I should save for my retirement and have a good job.That philosophy hasn’t really worked out for me, so the material by Kiyosaki has helped me understand the concept of cash flow.
As a result of reading that material, I have taken some money out of my 401K and used that for a down payment on a rental property and to form an LLC.I ended up trading a 3% or so return on my 401K into a 21% return on my investment in the rental.I think this is the way to go for me to move from "saving" to investing for higher returns.So far, in a short time, I have gained about 35% passive income.
When the tax return comes in in March or so, I will determine what kind of tax savings I will gain from the business.Needless to say I have had good results from my change in perspective of money!
Others may have a different opinion, but it is working for me so far.I am hoping to get more assets real soon!
Jack
