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Financial Exchanges Icon Images

Financial Exchanges Icon

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Tags: red x on icon, small flower icons, my little sister icons, dormition skete icons, good life icon

Training the son and me to be owners of business and the investors, the rich daddy spoke often: itIf you wish to be rich, it is necessary for you to know about book keeping more than to the average personit. Since nine years, it deduced our financial education far for frameworks of financial education of the majority of adults and did it very much by a simple language.

Once the rich daddy has told: itIt is impossible to see a difference between an active and a passive, simply looking at the balance report. To see it, you necessarily should have before yourselves the report on incomes. Without both these documents it is impossible to distinguish an active from a passiveit.

To underline the thought, the rich daddy has drawn for the son and me the following scheme.

The book itthe Rich daddy, the poor daddyit is a book about relations between the report on incomes and the balance sheet, and not just history about two fathers and two sons. Without understanding of these relations it is easy to appear deceived.

Very important lesson

Then the rich daddy has told: itthe Most important words in business are words a monetary streamit. After that he has explained that rich people are rich because are able to supervise a monetary stream, and poor people are poor because it are not able. ItOne of the most important vital skills who is required to be developed, is to learn to supervise the monetary stream. The majority of financial problems is called by a lack of the personal control over a monetary streamit. It is one of the most important lessons whom I have acquired still the nine-year boy.

I will repeat Alan Grinsiena's words: itFinancial literacy will help to keep young men from acceptance of erroneous financial decisions, to overcome which consequences it is necessary many long yearsit.

Words of the rich daddy itOne of the most important vital skills who is required to be developed, it it to learn to supervise your monetary streamit completely correspond to Alan Grinspena's statement. The Pjatidesjativosmiletny worker itEnronit, whose photo is placed on the first page has undressed "Money" in magazine itUSA Todayit, only has in the evening of life learnt that it has not enough control devices over where its monetary stream flows. Alan Grinspena's words itto keep young men from acceptance of erroneous financial decisions, to overcome which consequences it is necessary many long yearsit in this case sound especially prophetically.

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