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Example research essay topic: Cash Flow Short Term - 1,062 words

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Kiyosaki explains money does not calm your fears when desire forces you to spend. You have to avoid the trap. Rich people often have a fear of losing it all. A job is a short term solution to a long term problem. You must master the power of money. When the donkey drags the cart with the carrot on a stick in front of him, the driver is getting where he wants.

For the donkey it's an illusion. What intensifies fear and desire is ignorance. To spend your life in fear and never exploring your dreams is cruel. Just as in my business of MJM Productions. Instead of looking at how much certain ventures will cost, we must look at the possibilities which will occur as a result of that venture.

Money does not calm your fears when desire forces you to spend. You have to avoid the trap. Rich people often have a fear of losing it all. A job is a short term solution to a long term problem. You must master the power of money.

When the donkey drags the cart with the carrot on a stick in front of him, the driver is getting where he wants. For the donkey it's an illusion. What intensifies fear and desire is ignorance. To spend your life in fear and never exploring your dreams is cruel. Just as in my business of MJM Productions. Instead of looking at how much certain ventures will cost, we must look at the possibilities which will occur as a result of that venture.

Therefore it is essential that the accumulation of money does not blind me and my cohorts from our prime objective of empowering ourselves. Choose your thoughts. Think long-term and ask yourself: 'Is this the best possible solution to my problem?' There is an old expression that 'I am too busy working to make money. ' When you are too busy, you miss many opportunities. You often go into a restaurant and see a lot of things done wrong. Why can't the manager see these things? Because he is too busy working IN the business instead of ON the business.

This had to be the most influential and empowering passage. When one is engrossed in improving the business... he or she must look back at the faults of the past and improve upon them. One must know the difference between an asset and a liability. Rich people acquire assets; the poor and middle classes acquire liabilities. Liabilities include a fancy boat, a fancy car and a fancy house.

These drain your cash. Liabilities add to your expenses because they have to be supported financially. An asset is a stock portfolio that pays dividends and grows or a rental property that generates positive cash flow. You don't have to pay money to support an asset.

It doesn't decrease in value. It adds to your income. Many can cook a better hamburger than MacDonald's. Well, it's MacDonald's that is making all the money. There is no sense cooking a better hamburger if you don't have the systems to get them out to the market. Focusing on your skills of building a better hamburger, or being a better dentist or better accountant is not the answer.

You need to develop the skills of selling and delivering the hamburger or whatever you are selling. The main management skills needed for success are the management of cash flow. I have found this to be essential in order to hava a the management of systems, including yourself and time with family the management of people. Sales and marketing skills - the ability to communicate - are the most important of the specialized skills.

So it is not the quality of the work which makes so attractive, but the representation it recipes. Which is the reason why my business is an obligated necessity for all businesses Overcome the fear of losing money. No one likes to lose any. You " ll never meet a rich person who has never lost money. How are you going to handle the fear?

Start investing as early as possible. The power of compounding is incredible. If you really want to go to heaven, you are going to have to die first. Remember the Alamo! Learn from your losses. Don't bury your failures get inspired by them.

You must invest big and take risks. Small investments with safe returns stay small. You can't possibly get rich, and you very likely won't go broke. Most people put their few eggs in too many baskets.

Busy people are often the most lazy. People are too busy to take care of their wealth. People are working too hard to make money. They know that deep down they are missing something.

The cure for laziness is a little greed. Maybe it's apathy, maybe it's a mind set. What's in it for me if I'm healthy, wealthy and sexy? What would life be like if I never had to work again? Habits control behaviour. Pay yourself first, before you pay any other bills.

Then you will be motivated to find the money to pay all the other bills. Look after number one. Choose friends carefully. The power of association. Learn from all of them, whether they have money or not. When I seek out people who have money, I am not after their money but their ideas.

Don't listen to poor or frightened people. Wise investors buy an investment when it's not popular. They know their profits are made when they buy, not when they sell. You become what you study. So, if you are tired of what you are doing and not making enough money, change the formula.

This was a key factor in creating a sucessful business. Only by having co-workers which are dependable will ones business flourish. Be an 'Indian Giver'. Put your money into an investment and when it goes up, take your money back out and do the same again. If you buy some stocks and they go up in price, sell enough to get your original investment back and repeat the process.

Assets buy luxuries. When the asset is generating surplus cash flow, then you use that surplus to buy the luxuries. Or in terms of this project, 50 % goin towards a college education instead of luxuries. Rich Dad Poor Dad Richard Kyosaki


Free research essays on topics related to: make money, rich people, short term, long term, cash flow

Research essay sample on Cash Flow Short Term

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