Formula For Wealth


In this short video, Ryan Scribner shares what Robert Kiyosaki has shared through his Rich Dad Education company. There is a formula that explains why the rich often get richer while the poor usually stay poor. I hope you find this as interesting as me. In a nutshell, the rich use excess income to buy income-producing assets (e.g., stocks, bonds, real estate, etc.). The poor tend to use extra income to buy liabilities (e.g., stuff with engines).

Mark

Hey, there. I'm Mark... I teach statistics and personal finance to high school and college students. I'm also a Ramsey Solutions Master Financial Coach. I create content about financial education... things like: budgeting, investing, and eliminating consumer debt.

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