Page 94 - Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money
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Every time Dan makes more money, he either buys a bigger house, a
newer car, or takes an expensive vacation with the kids. He has another bad
habit. Every ten years or so, he marries a younger woman and has a new
child. Dan grows older, but his wives are always about the same age—
twenty-five. Dan is an expert at taking a lot of money and making his
money problems worse through deficits.
A BUDGET SURPLUS
The second financial choice is to plan for a budget surplus. After making
money, financial IQ #1, and protecting your money, financial IQ #2,
learning how to budget for a surplus is essential for achieving financial
integrity.
The following are a number of lessons I have learned from my rich dad
and other wealthy people about budgeting for a budget surplus.
Budget tip #1: A budget surplus is an expense. This is one of the best
financial lessons my rich dad passed on to his son and me. Pointing to the
financial statement, he said, “You have to make a surplus an expense.” In
order to create a budget surplus, his financial statement looked like this:
