The story is rich dad poor dad chapter 3 1) What is rule #1? 2) What

Fantastic news! We've Found the answer you've been seeking!

Question:

The story is rich dad poor dad chapter 3

1) What is rule #1?

2) What is an asset? Give 3 examples.

3) What is the difference between an asset and a liability?

4) According to "Rich Dad", when can a house be an asset?

5) Explain what the cash flow pattern of a wealthy person looks like. ( do not draw it)

6) Why is it flawed thinking to believe the following statement? "I'm in debt so I need to make more money." Explain why more money will not solve the problem.

7) WHy does rich Dad believe that schools are designed to produce employees not employers?

8) What is the definition of wealth? How can one achieve it.

Related Book For answer-question

Advanced Financial Accounting

ISBN: 978-0137030385

6th edition

Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay

See More Books

Posted Date: Apr 13, 2024 07:37 AM

See More Questions

The new line character is utilized solely as the last person in each message. On association with the server, a client can possibly (I) question the situation with a client by sending the client's...
CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
Q1. You have identified a market opportunity for home media players that would cater for older members of the population. Many older people have difficulty in understanding the operating principles...
A vertical force P is applied to the ends of cord AB of length a and spring AC. If the spring has an unstretched length δ, determine the angle θ for equilibrium. Given: P = 10 lb δ...
Write a balanced chemical equation using condensed structural formulas for (a) the formation of butyl propionate from the appropriate acid and alcohol, (b) the saponification (base hydrolysis) of...
Save one or two examples of comparative advertisements from magazines or online banners. Analyze each ad in terms of why you think the advertiser used a comparative-advertising format and whether you...
What are the final two steps a researcher should do after presenting the research findings to the decision makers?
Data Performance, a computer software consulting company, has three major functional areas: computer programming, information systems consulting, and software training. Carol Bingham, a pricing...
Define and discuss the terms 'privacy' in the context of web analytics by drawing on an example.
KYC Ltd is a registered private limited company that provides services such as repairs. Mr. Oliver contacted KYC Ltd for some reparation works in his house. They both had a written contract that KYC...
Prepare the petty cash book of B Post for February 2022, which is kept using the petty cash imprest system. Show the cash payments journal as an extract and post to the general ledger. The solution...
Indicate whether the following statements are true or false. a The trading and profit and loss accounts are actual general ledger accounts. True/False b The amount to close the trading account is...
S Sing has liquidity problems and an account payable, S Arnautovic, has applied interest on the overdue portion of the account still not paid. The amount owing to S Arnautovic is $14 000 and interest...
Identify a source and a control document that Chris Condie Computer Supplies could use for each of the following transactions: Transaction Repairs a customer's computer on credit Transfers monthly...
C Craft has been having trouble collecting monies owed from accounts receivable and has decided to apply the interest rates that are shown on the customers tax invoices for amounts that are overdue....
The volume of a rock is to be determined without using any volume measurement devices. Explain how you would do this with a waterproof spring scale.
Design a circuit which negative the content of any register and store it in the same register.
What role does the HAL play in the platform?
If your logic analyzer is capable of on-the-fly disassembly, use it to display bus activity in the form of instructions, rather than simply 1s and 0s.
Draw UML state diagrams for device 1 and device 2 in a four-cycle handshake.

The story is rich dad poor dad chapter 3 1) What is rule #1? 2) What

Question:

Expert Answer:

Answers Here are the answers based on Chapter 3 of Rich Dad Poor Dad 1 Rule 1 You must know the diff... View the full answer

Advanced Financial Accounting

Students also viewed these finance questions