[Investment Story] Loans You Must Know to Become Rich (by Rich Dad)

The first thing you need to do to become rich is to find a wealthy person you can become and see how that person

became wealthy.

You should try to figure out their method and implement it while making it your own.

Personally, I've come too far to become an entrepreneurial wealth creator.

Excluding those who have become rich through stocks, among those who have become rich through real estate investment, I

should find their method and follow it.

Robert Kiyosaki introduces the following about loans, which he used as a major tool for his investments.

Let's understand and keep it in mind.

There are good loans and bad loans.

The criterion is whether or not the loan can generate cash flow.

When buying a house, if you live in the house, there is no cash flow, and that loan is a bad loan. Conversely, if you rent out the house you bought, it's a good loan.

A loan to buy a car is a bad loan, a loan to buy a house and live there (assuming the house price doesn't increase) is a bad loan, and a loan to buy a house and rent it out to generate cash flow is a good loan.

Remember this well and put it into action when the opportunity arises.

https://youtu.be/ipvqn8oA8Gw