Solving the 90/10 Riddle
There are investors who buy assets and there are investors who create assets. If you want to solve the 90/10 riddle for yourself, you need to be both types of investors.
"I can't afford this land either, but my business can."
The business was being created in his head and that ability to create businesses in his head was the reason he would go on to be one of the richese men in Hawaii.
Rich dad solved his 90/10 riddle by creating assets that in turn purchased other assets. That plan was not only rich dad's investment plan, it is the investment plan for most of the 10% who make 90% of the money, in the past, in the present, and into the future.
Again the formula is to create an asset that buys other assets and that formula is the reason why McDonald's owns the most expensive real estate in the world.
It was all part of the plan.
"If you want to solve the 90/10 riddle for yourself, you need to be both type of investors. You need to be a person who knows how to create assets as well as a person who knows how to buy assets."
"My business is not hamburgers. My business is real estate." That is why McDonald's owns the most valuable real estate in the world.
Ray Kroc and rich dad understood that the purpose of a business was to buy assets.
(You may refer OldTown in Malaysia at the moment).
"I can't afford this land either, but my business can."
The business was being created in his head and that ability to create businesses in his head was the reason he would go on to be one of the richese men in Hawaii.
Rich dad solved his 90/10 riddle by creating assets that in turn purchased other assets. That plan was not only rich dad's investment plan, it is the investment plan for most of the 10% who make 90% of the money, in the past, in the present, and into the future.
Again the formula is to create an asset that buys other assets and that formula is the reason why McDonald's owns the most expensive real estate in the world.
It was all part of the plan.
"If you want to solve the 90/10 riddle for yourself, you need to be both type of investors. You need to be a person who knows how to create assets as well as a person who knows how to buy assets."
"My business is not hamburgers. My business is real estate." That is why McDonald's owns the most valuable real estate in the world.
Ray Kroc and rich dad understood that the purpose of a business was to buy assets.
(You may refer OldTown in Malaysia at the moment).
