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Earned income is what you earn when you work for your money.

Robert kiyosaki financial statement template. My choice of independent study has always been business related even at a young age. The result is that the majority of people get trapped in work to pay their bills and are chasing paychecks all their life. Article by KIM KIYOSAKI Understanding the difference between assets and liabilities In the world of financial education there are fundamental principles that are impossible to omit when were talk.

In the book Rich Dads Guide to Investing Robert Kiyosaki explains how this statement is valid through a diagram. GetApp helps more than 18 million businesses find the best software for their needs. You will need it for Step 2.

According to Robert Kiyosaki assets generate revenue. Its income youre paid for doing a job as an employee or income you receive as a self-employed person. Version 10 - Introduces a sanitized version of the financial statement for public use.

See more ideas about financial statement financial accounting and finance. The personal income statement can be captured in the following equation. This section of your cash flow statement in excels spreadsheet template shows all the investing activities in the financial period.

Wondering which assets to invest that could help you to get rich. Financial literacy begins by understanding your personal financial statement. These activities include cash receipts from the sale of property and equipment the collection of the principal of loans sale of investment cash paid for the purchase of property equipment making loans to other entities purchase of investment.

Start with your paycheck. HERE IS A PERSONAL FINANCIAL STATEMENT prepared by Robert Kiyosaki. Business and Finance has always been an eye opener for me whether its waking up to the latest financial news headlines to reading books written by the likes of Robert Kiyosaki and Peter F Drucker.

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