Page 104 - Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money
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afforded it was to create an asset in the asset column, an asset that paid for
the liability. His financial statement looked like this:
In other words, he acquired assets by paying himself first. With the cash
flow from the assets, he then purchased his luxury liabilities. If he wanted
big luxuries, he first created big assets. What many people do is buy big
luxuries first and never have enough money to purchase assets. Again, it’s a
matter of priorities.
The Bentley Account
