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Viewing Grasp R. Kiyosaki's Wealth Concept: Find Financial FreedomGrasp R. Kiyosaki's Wealth Concept: Find Financial Freedom
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To begin, we first need to understand Robert Kiyosaki's Wealth Concept. Robert defines wealth as, 'The number of days that you can survive forward if you stop work today'. How can you apply this concept to achieve financial freedom? By Curt Lee The objective of this article is to review Robert Kiyosaki's concept of wealth and put it in my own words on how I would suggest we apply this concept to achieve financial freedom. To begin, we first need to understand Robert Kiyosaki's 'Wealth Concept'. Robert defines wealth as, 'The number of days that you can survive forward if you stop work today'. When you ask the question, 'What is wealth?' you probably get answers like, 'I have millions of dollars in my bank account', 'I have a big house and a big car', 'I can travel around the world and not worry about money', etc. A lot of people think that being wealthy means you need to have a lot of cash and own a lot of luxurious items. My understanding of Robert's definition is that as long as you have accumulated sufficient wealth or have the assets that generate constant cash to fund your lifestyle - even when you are not actively working - you are considered wealthy or have attained financial freedom. To me, this is the most fundamental concept that we need to recognize, because it acts as the base for our decisions and actions towards achieving financial freedom. As most of us are not born rich, we need to work our way towards financial freedom. The end result is not expressed in terms of how much money you accumulate. It is rather a lifestyle that you want to achieve and the ability to finance this lifestyle even when you stop work. If your desired lifestyle requires $5,000 per month to fund it, then the end result that you want to attain so as to declare yourself 'financially free' when you stop work, will be either: 1. You have accumulated $1.8 million (not including inflation) or $60,000 a year, assuming you have 30 years to live on, or 2. You have created an instrument or money-making machine that constantly gives you $5,000 a month without the need for you to work on it actively. Understanding this unique definition of wealth by Robert Kiyosaki is essential. To know more about Robert Kiyosaki's concept of wealth, you can visit this website: http://www.skyquestcomonline.com/Robert-Kiyosaki-.... Article Source: 1st Rate Articles - http://1stRateArticles.com |
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