A liability, commonly confused for an asset. Few college kids own one but many adults do.
What is a house?
100
Taxes were first introduced to pay for this.
What is the civil war of 1861
100
If you want to be rich you need to be financially ______
What is literate
100
Macdonald's main assets
What is real estate?
100
Surrounding yourself with these kinds of people will make you successful.
What is smarter than you?
200
The poor have these, while the rich have assets.
What are expenses
200
The minimum rate for corporate taxes.
What is 15%?
200
The power of _____ reflects who we are as people
What is choice?
200
The principle that a dollar today is more than a dollar in the future
What is inflation?
200
These are the two emotions that cause people to work
What are fear and desire?
300
Rental property, Stocks, Bonds and patents are all considered _______ assets
What is income-producing?
300
Minimum tax rate for individual taxes.
What is 10%?
300
What principle about how one manages their money is the best way to get ahead.
What is "pay yourself first"?
300
This kind of bond averages 16% interest
What is Government Tax Lein Certificates
300
The fear of striking out prevents people from what
What is playing the game
400
If you can control this you will have control over your financial future. One of the four main financial statements is named after it.
What is cashflow?
400
Corporations are tax sheltered because business owners of corporations pay taxes after _____ where as employees who work for corporations pay taxes before ______
What are expenses?
400
Every successful person has experienced this at some point in time in their journey.
What is losing money?
400
In the book when they author runs his own library and does not have to do physical work he says it is
What is money making money?
400
This power is the ability to stop yourself from spending what you dont have
What is self discipline?
500
The rich manage these and do not let them grow proportionately with their income. The poor and middle class do the opposite.
What are expenses?
500
The asset that has the greatest tax advantage
What is real estate?
500
What is the keeping up with the Jones' trap?
What is buying luxuries on credit?
500
According to the book what are the 3 main types of income?
What is earned, portfolio, passive?
500
Kiyosaki highly recommends spending money on receiving advice from these people