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Robert Kiyosaki Net Worth
A well-known Robert Kiyosaki Quote says: “The poor work for money; the rich have money work for them.” I will make the assumption that most readers of this are familiar with his writings, and will ask the following question, what? yours How much is Robert Kiyosaki worth?
What is the market value of the business? Isn’t it usually a two-year estimated profit for a business that sells? Ok then. If you were to ask me what my personal worth is, according to Robert Kiyosaki, I would have to take the gross income I made last month from the business I recently built, and multiply it by twenty-four. That simple equation would be my personal net worth, because I currently have no additional sources of income to add to this.
That certainly deters many regular patrons, like for example the equity in my home. Let’s say I own a $150,000 home with a $100,000 mortgage, so that gives me $50,000 in value. I just cut myself off from that $50K. What on earth would I do? to be?
Answer: it makes me honest. This used to be a radical assumption, but those who study the housing bubble must understand that a $150,000 home today may not be worth $150,000 tomorrow. Why would I include in my current net worth the income from a house that I may never intend to sell? So let’s not forget it.
In contrast, let’s pretend that I have had my own internet business for the past year that has been making me $2000 a month. In this example, the business I am building is structured in such a way that, after one year, half of my sales are generated actively (perhaps through the first registration in a service program of some kind), and the other half is received continuously (perhaps I could foresee developing an auto-renewal system for this business.) What does this mean? my remaining value?
Obviously there would be a counter to this rule, but if I were to sell my business, I can’t imagine that the buyer would have already developed the marketing skills I developed in building my business, so we wouldn’t use active income as an important factor. . A passive income is all a customer can hope for. So, here is my Robert Kiyosaki Net Worth
Monthly Income (50% of Total Monthly Income of $2000) $1000
24 times 24 months
Total Robert Kiyosaki Net Worth $24,000
Doesn’t that make it more tempting for my $50,000 home equity on top of that? I can triple my net worth for a penny! But again, they were being honest here.
There are a few lessons to be learned from this:
1) $2000 gross income, or $1000 income, is a more profitable and safer investment plan than we are advised to make.. If I were to take my money from the sale and invest it in a dividend yield that guarantees a 10% annual return on my withdrawals, I would earn $2400 that year, or $200 a month. Considering that $1000 would come to me with no more effort than the dividend yield would, I would be a fool to sell this business.
2) We don’t know money well. A 10% return is considered aggressive in most investment strategies. If the inflation rate is 7%, leaving us with a 3% growth gap in real purchasing power, the traditional advice of buy, hold, and diversify will be insufficient. A 25-year-old making $50,000 a year and putting 10% into a retirement account would have $377,006.30 in today’s dollars, giving that person $11,310.19 a year to live on, in today’s inflation-adjusted dollars, at the age of 65. And this sample Person is much more active in preparing for their retirement than the average American is! Using the rule of 24 months and counting only the passive (investment, in this case) dollars, this person will have a Robert Kiyosaki Net Worth of $ 22,620.38. You are so bad!
I would strongly encourage you to pick up any of Robert Kiyosaki’s books and read them thoroughly. Personally, I still have a long way to go in my pursuit of earning money, but I’ll get the hang of it! My future, and the future of my family, depend on it.
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