We teach people to acquire assets (real estate, etc.,) to aim for multiple sources of income” said Moore. An asset puts money into your pocket every month, a liability takes money out of your pocket. “We have a different definition of an asset. When compared with traditional accounting principles, simplification and added value are the greatest attributes associated with this concept. Through his work with entrepreneurs, Roger Moore, President of Cash Flow Clubs (Trinidad and Tobago), has been using the six-time New York Times Bestseller “Rich Dad, Poor Dad’ currently the most successful book on personal finance, to demonstrate the simplicity of his cash flow concept which is proven to be highly beneficial to entrepreneurs.Īccording to Moore “the author of this book, Robert Kiyosaki, found a way to teach investing, finance and entrepreneurship to just about anyone.” But according to Moore “the Rich Dad books became so successful, that the world missed out on the true prize – his games and simulations our brains seem to be wired for simulations, as we remember 90% and more of what we do in a simulation.” Moore continued “we use simulations to teach investing, finance and business simulations are the gold standard in the military and aerospace industries because they work.” ![]() Many would agree, that the gateway of success to the start of one’s entrepreneurial journey, is the development of a solid and sustainable Cash Flow statement which paints the financial picture of a business for a specific time period.
0 Comments
Leave a Reply. |