How do i build my asset column?

Dude, housing is at record highs now. If you would have bought during the crash you would be doing great.

Still rich dad never gave great advice, it was more about getting you in the right mental frame of mind.

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cash flow producing assets = real estate

He means only that and nothing else

crypto to him is equivalent to stocks. He'll talk about fiat being unstable, but he won't endorse crypto

He also is in debt to the tune of $600 million.

This is a species of the idea that, if you owe the bank $1000 its your problem. If you owe the bank $100 million its the bank's problem.

tl'dr Kiyosaki, just go into debt in real estate and shit on anyone with a real job, also, write books, podcast, etc.

i made android apps/songs/websites

>"b-but i can't do shit!"
it's a good time to start learning then

Once you understand that your house and car isnt an asset, you pretty much get everything else.

I think one line in that pic needs explaining. It fucks the most business owners. Using your business to pay your personal expenses.

Legally the business can pay for some of your personal stuff, like health care, retirement, etc. But what small business owners do is go to Costco buy a 10 pack of paper towels and give 2 to the business and take 8 home. Writing it all off for the business. Shit like that is easy to do and the IRS will catch you and royally fuck you for it.

They catch you because the IRS knows you don't stop at paper towels, but eventually more and more personal expenses are business expenses. They use software to estimate business expenses and use software to estimate your personal expenses.

Don't fuck yourself over stupid stuff. My aunt and uncle got fucked for doing this shit.

yeah now, at a time it wasnt. how old are you? if you are older then 25 you would remember how it was.

in my experience, they buy the paper towels and use them. They do this shit with big purchases like cars

Yeah it just all adds up. My uncle bought all the wood for a home pavilion under the business. In the end the IRS got them for about 20k in stuff they should have paid for themselves by taking a higher salary and paying taxes.

yeah, I wouldn't have done that shit. That's pushing it big time. He could have bought a extra then taken the rest home after the job was done. Whatever though im not a tax guy. I just know how a small business operates.

sorry i mean he could have purchased wood for a job at his business and gotten extra. Just in case mistakes happened. Wich, they do . then take the rest home. like i said though I'm not a tax guy. you can only do that shit so many times