How to become rich? 1

     This is a tutorial video speaking about the secrets of how to be rich. Have you ever wondered how the rich people getting richer? There is a mistake about how do the broke people, middle class people and rich people spend their money. This is such as simple concept so profound. I am going to how you exactly how the rich people spend their money and you can revalue it for yourself, how broke people get broker, rich become richer and middle class people get stressed out. I want to review some financial terms will be using during this presentation the term that you need to be familiar with are, cash flow = money you bring in. expenses means money you spend. 

     Assets = this might be the confusing one. You might probably hear about the meaning of assets something you own or equity, however back in the 1990^th Robert Kiosaki introduces a new definition of assets, something that pays you. Liabilities = something that costs you.
As an example a house viewed as an asset but it is an liability yes with our revised definition. As it costs you money it is liability not an asset.  F you have a mortgage you house is an asset to your baker because it pays him or her every month. But a house could house be considered as an asset to you.? Yes, in the right circumstances it could pays you money. Let see if you buy a house or rented out house. And it and it pay you a positive cash flow every month after all expenses. That would be considered as an assets.

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