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Cash flow is more important than net worth from "summary" of Why the Rich Are Getting Richer by Robert T. Kiyosaki,Tom Wheelwright
Wealth isn't just about how much you have on paper. It’s about the money that flows in and out of your life every month. Many people focus on building net worth, which often includes the value of their homes, investments, and other assets. However, these numbers can be deceiving. A high net worth can give a false sense of security if it doesn’t translate into actual cash that can be used to fund your lifestyle and investments. Imagine someone with a million-dollar home, but they have a high mortgage, little savings, and no other income streams. They may look wealthy, but if they face an emergency or need to make a significant purchase, they could find themselves in financial trouble. In contrast, a person with modest assets but a steady flow of income from investments, rental properties, or a thriving business is much better posit...Similar Posts
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