Comments on: Improving Cash Flow vs. Accumulating Wealth

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By: commoditytips

commoditytips — Thu, 21 Oct 2010 06:40:24 +0000

As good as the "Rich Dad, Poor Dad" book is, Robert Kiyosaki's game "Cashflow" really helped clarify the most important concepts. I use the computer version. Given my time constraints with my business, I find it easier to set aside time to play it periodically. Even though it is a simplistic view of how the world works, and is heavily biased towards real estate, I found it extremely educational. As a side note, I majored in business in college, but there is very little I learned from my courses that I feel increased my financial intelligence. That has come primarily from studying books like "Rich Dad, Poor Dad," and "Think and Grow Rich." Do not underestimate the power of self education!!!

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I agree, I think the mental aspect of this decision outweighs the negligible monetary gains.

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Paying high interest rates first can help you pay your debt wisely but still it is better to pay everything though it may be the highest nor the lowest interest rates still it will affect your credibility.

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