Audio available in app
Cash flow is the lifeblood of real estate investing from "summary" of The Real Book of Real Estate by Robert T. Kiyosaki
Cash flow is the lifeblood of real estate investing. It is the oxygen that keeps your real estate investments alive and thriving. Without cash flow, your investments will suffocate and die. Cash flow is the money that flows into your pocket after all expenses have been paid. It is the profit that you make from your real estate investments. Cash flow is different from appreciation. Appreciation is the increase in the value of your real estate investments over time. While appreciation is nice, it is not guaranteed. Cash flow, on the other hand, is reliable and consistent. It is the income that you can count on month after month. Cash flow is what allows you to hold onto your real estate investments for the long term. It is what allows you to weather the storms of the real estate market. When you have positive ca...Similar Posts
Planning for the future and being proactive in financial matters is important
Planning for the future and being proactive in financial matters is crucial for achieving financial success. It is not enough t...
Take control of your finances and avoid debt
The first step towards building wealth is to take control of your finances and steer clear of debt. This may seem like an obvio...
Don't rely on a steady paycheck
The concept of not relying on a steady paycheck is a central theme in Robert Kiyosaki’s Rich Dad Poor Dad. Kiyosaki emphasizes ...
Building an emergency fund can protect you from unexpected financial setbacks
Having an emergency fund in place is like having a safety net to catch you in case you fall financially. It's a fund that you b...
Avoid highcost insurance products
Insurance is a necessary evil in the world of personal finance. It's like that bad-tasting medicine that you know you need to t...
Analyze potential deals thoroughly
When you are considering a real estate deal, it is crucial to examine every aspect of it thoroughly. This means looking at all ...
Reinvest dividends for compound growth
When a company makes a profit, it sometimes shares that profit with its shareholders in the form of dividends. These dividends ...
Learn to manage your emotions around money
Managing your emotions around money is a crucial aspect of achieving financial success. Many people let their emotions dictate ...
Passive investing through index funds is a costeffective strategy
Passive investing through index funds offers a cost-effective way to build a diversified portfolio without incurring high fees ...
Leveraging assets can generate additional income
One of the key strategies for creating wealth is to leverage your assets in order to generate additional income. This means usi...