How Much Does A 3 Year Old Grow Per Month Robert Kiyosaki Net Worth

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Robert Kiyosaki Net Worth

A good candidate for Robert Kiyosaki’s most famous quote is: “The poor work for money; the rich have money work for them.” I will assume that most readers of this are familiar with his writings, and will ask the following question, what is your Robert Kiyosaki net worth?

What is the going value for the sale of a business? Isn’t it often the projected two-year profits of the business being sold? Okay, then. If you were to ask me what my personal net worth is, according to Robert Kiyosaki, I would have to take the net earnings I made last month from the business I recently built and multiply it by twenty-four. That simple equation would be my personal net worth, as I currently have no additional passive sources of income to add to this.

That certainly disqualifies many regular contributors, such as the equity in my home. Let’s say I own a $150,000 home with a $100,000 mortgage, thus giving me presumably $50,000 in value. I just cut myself out of that $50K. Why in the world would I that?

Answer: it keeps me honest. This used to be a radical concept, but those with a reading of the housing bubble should understand that a $150,000 home today may not be worth $150,000 tomorrow. Why would I include in my current personal worth the income from a home that I probably have no intention of selling anytime soon? So let’s not count it.

Instead, let’s pretend that I’ve owned my online business for the past year that has been making me $2000 a month. In this example, the business I’m building is structured so that, after a year, half of my sales are generated actively (perhaps through initial sign-ups in some kind of service program), and the other half is earned passively (perhaps I had the foresight to develop an automatic renewal program for this business.) What does this mean for my net worth?

Obviously there would be exceptions to this rule, but if I were to sell my business, I wouldn’t be able to assume that the buyer has yet developed the sales skills I’ve developed in building my business, so we can’t use the active income as a factor. . The passive income is all the buyer could count on. So, here is my Robert Kiyosaki Net Worth

Monthly Passive Income (50% of Total Monthly Net of $2000) $1000

Times 24 months 24

Total net worth of Robert Kiyosaki $24,000

Doesn’t that make it even more tempting to my $50,000 home equity on top of that? I would triple my net worth with the stroke of a pen! But again, speaking honestly here.

There are a few lessons to be learned from this:

1) The total income of $2000, or even the passive income of $1000, is a more profitable and safer investment strategy than what we usually advise to do.. If I took my sales profits and invested it in a dividend product that would guarantee a 10% annual return on what I spent, I would make $2400 that year, or $200 a month. Considering that $1000 came to me with no more effort than the dividend product, I would be foolish to sell this business.

2) We are woefully ignorant about money. A 10% return is considered quite aggressive by most investment strategies. If the inflation rate is 7%, leaving us with a 3% growth difference in real purchasing power, the traditional advice to buy, hold and diversify will be insufficient. A 25-year-old earning $50,000 a year and putting 10% away in a retirement account will have accumulated $377,006.30 in today’s dollars, giving that person $11,310.19 a year to live on, in today’s post-inflation dollars, by age 65. And this sample. person is considerably more diligent in preparing for their retirement than the average American! Using the 24-month rule and only counting for passive (investment, in this case) dollars, this person would have a Robert Kiyosaki Net Worth of $22,620.38. Pretty ugly!

I strongly encourage you to pick up any of Robert Kiyosaki’s books and read it thoroughly. Personally, I still have a long way to go in the pursuit of money work for myself, but I will master this! My future, and the future of my family, depends on it.

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