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After I graduated, I realized school taught me nothing about money. Then I found the book ‘the Richest Man in Babylon’ and learned everything about money that I was not taught. Also started watching videos like this. Lots to learn!
as a 14 year old I know that ill achieve being a successful business owner. I'd rather die trying than rather then not try at all. I'm currently developing my knowledge into how a business works since I'm very interested ever since i can remember. I am also improving my self discipline
"To obtain financial freedom, one must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis." - Robert Kiyosaki. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already,got a new business my wife is managing, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made
Understanding the intricacies of investing is crucial. That's why it's important to have a reliable support system, such as a financial consultant, who can guide you, especially when it comes to selecting assets. Personally, I work with Regina Louise Collaro, an investment advisor who collaborates with a licensed wealth management firm. I must say that my financial journey has been exceptional under her guidance. Regina is widely recognized for her excellent services, so you may already be familiar with her. Thanks to her expertise, I have achieved financial stability and now earn a consistent monthly income through her passive income strategy.
That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?
She is easy to find , make a quick research of her on the internet with her name Regina Louise Collaro and leave her a message. I believe sh works with anyone independent of their location.
Cash equivalents? Great content as usual but one crucial mistake there, buildings, machinery, and the rest are not cash equivalents, they are not even liquid assets.
I agree. ‘Cash equivalent’ is a technical term so should be used appropriately. Buildings, machinery, equipments would be fixed assets, inventory or investment properties depending on the nature of the business of the company.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works
I totally agree with you, the stock market is the most profitable venture I ever invested in, I reached my goal of $500k yearly trade earnings. Setting realistic goals is an essential part of trading
@@andrewpeter6783 the stock market is a vast platform to invest in. It's very profitable especially when you've got a trusted professional to assist you
Could you elaborate on the free cash flow? Why is it very important? And why did you say that it isn't part of operational, investing, and financing cashflows? What's the use of the free cash flow? Is it the emergency fund, or it has other uses?
I really appreciate your efforts! Could you help me with something unrelated: I have a okx with USDT, and I have the 12word phrases: ( proof inner hobby bounce blouse able donate virtual luggage cart morning ticket). What's the way to send them to Binance?
I think its game changing when business owners plan their financial goals, and then monitor them weekly. This really helps drive performance by getting focus on the ultimate goal, of making profit and cash! This really helped me clarify my message in my latest video, thanks!
1:12 none of those are cash equivalents. Those were all PP&E… Cash equivalents are things that can be easily converted into cash at least within 3 months.
I wish to know how one can calculate their cash flow at the end of the year to know the profit the company has made for it's shareholders while paying employees salaries every month (case of a growing business that receives and spends money daily). Thanks
Poor video. I'm an accountant. Furniture and buildings are not cash equivalents. They are assets, but not equivalent to cash in their liquidity. This video has many words but says nothing helpful.
![Accounting Basics for Small Business Owners [By a CPA]](http://i.ytimg.com/vi/3KeG7hHzUy4/mqdefault.jpg)
Want to learn more about money? Join and become a channel member to get access to My Personal Finance Course:
ruclips.net/channel/UCYyqGqI-bpzGpo5DBtUcJQAjoin
Ingenuity Mags Process - The unique digital transformation
Financial management is a vital subject that many avoid, often leading to future regrets.
After I graduated, I realized school taught me nothing about money. Then I found the book ‘the Richest Man in Babylon’ and learned everything about money that I was not taught. Also started watching videos like this. Lots to learn!
Same journey
They just took your money
Great book gave it to my son after his high-school graduation.
They didn’t teach you for a specific reason, other than keeping you poor. If you knew why, you would throw up in anger……….
mr money sam is here guys.
as a 14 year old I know that ill achieve being a successful business owner. I'd rather die trying than rather then not try at all. I'm currently developing my knowledge into how a business works since I'm very interested ever since i can remember. I am also improving my self discipline
Cash flow model is much more practical than model offered by motivational content makers
Cash flow is important for all businesses.
Wh@ts@pp💬
+1⃣, 2⃣, 1⃣, 0⃣, 8⃣, 1⃣, 7⃣, 5⃣, 7⃣, 8⃣, 8⃣
Do well to tell her that I referred you to her, her business strategies are top-notch, she will be very helpful and supportive
Guess I’m the first and only one that needed this info today
The most important thing is to pay yourself first!
You mean last?
"To obtain financial freedom, one must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis." - Robert Kiyosaki. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already,got a new business my wife is managing, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made
Hey Lawrence,I will be happy if you could advise me, as I am ready to go the passive income path.
Understanding the intricacies of investing is crucial. That's why it's important to have a reliable support system, such as a financial consultant, who can guide you, especially when it comes to selecting assets. Personally, I work with Regina Louise Collaro, an investment advisor who collaborates with a licensed wealth management firm. I must say that my financial journey has been exceptional under her guidance. Regina is widely recognized for her excellent services, so you may already be familiar with her. Thanks to her expertise, I have achieved financial stability and now earn a consistent monthly income through her passive income strategy.
That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?
She is easy to find , make a quick research of her on the internet with her name Regina Louise Collaro and leave her a message. I believe sh works with anyone independent of their location.
Revenue is vanity, profit is Sanity, but Cash is King 🖖
Nothing equates investing and when it's done properly, you don't need to get all worked up about money any more as it creates a lot of extra income.
Thank you for this knowledge
Good explanation of business well done buddy
Cash equivalents? Great content as usual but one crucial mistake there, buildings, machinery, and the rest are not cash equivalents, they are not even liquid assets.
I agree. ‘Cash equivalent’ is a technical term so should be used appropriately. Buildings, machinery, equipments would be fixed assets, inventory or investment properties depending on the nature of the business of the company.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works
I totally agree with you, the stock market is the most profitable venture I ever invested in, I reached my goal of $500k yearly trade earnings. Setting realistic goals is an essential part of trading
@@beckansmith5224 Your right . Ever since I started investing in stock I've had a very good life
Having a stable investment package keeps you financially stable!
@@andrewpeter6783 the stock market is a vast platform to invest in. It's very profitable especially when you've got a trusted professional to assist you
I'm interested in this stock market but I don't know how to come about it . Any advice ??
Could you elaborate on the free cash flow? Why is it very important?
And why did you say that it isn't part of operational, investing, and financing cashflows?
What's the use of the free cash flow? Is it the emergency fund, or it has other uses?
Great video
You deserve to be popular bud😊😊
Thanks! Glad you like my content, feel free to share it with you friends if you think you can help them too!
Thank You
I really appreciate your efforts! Could you help me with something unrelated: I have a okx with USDT, and I have the 12word phrases: ( proof inner hobby bounce blouse able donate virtual luggage cart morning ticket). What's the way to send them to Binance?
Love ur channel
awesome video!
How do you rescue or revive an unhealthy cash flow
Insightful
The best businesses spend their money thoughtfully. The richest people do the same.
Budget realistically. Cut out all the waste. Stick to your plans. Medium and long term planning is critical.
I think its game changing when business owners plan their financial goals, and then monitor them weekly. This really helps drive performance by getting focus on the ultimate goal, of making profit and cash! This really helped me clarify my message in my latest video, thanks!
At about 3 minutes did anyone else see the lady zoom in on the chart on the ipad and then try zoom in on a piece of paper 🤣🤣
😂😂
thanks
More lessons, more progression, thank you for the lesson.
1:12 none of those are cash equivalents. Those were all PP&E… Cash equivalents are things that can be easily converted into cash at least within 3 months.
I wish to know how one can calculate their cash flow at the end of the year to know the profit the company has made for it's shareholders while paying employees salaries every month (case of a growing business that receives and spends money daily). Thanks
Thanks breaking this down completely. I love it.
Wow!
Informative stuff, keep it up!
buildings and equipment are NOT cash equivalent. they are the opposite they are illiquid assets. cash equivalent is commercial paper, bonds etc
Diamond sounds like Graham, smile...
For more information on where to inves your initial capital this year
My mentor sir kelvin in highly informed and reachable on w.h.a.t.s.a.p.p
+1-2-0-5-5-4-7-3-3-1-0-
Thanks so much sir
Sir kelvin is my mentor too..
Cash is king!
Jesus is king!
@@renata25f Amen
What if your apartment no tenant?
Its become debt
fact
Your apartment has to meet certain quality before you just throw your capital in it
2:51 LOL!!!
Same lmao.
Maybe Americans should require the fed gov to watch this video.
Speaking of passive income and investments, I would go for the crypto currency
Yes, you are right, Bitcoin is a good business, making money is easier through investment, do not save your Bitcoin money and invest.
Yes, investing in Bitcoin with the guidance of an expert is the best and most profitable.
Exactly, it's really good to keep an expert with years of experience around. Like I have Mr. Larry Kent Nick, he has made many benefits for me
wow i'm surprised someone mentioned and recommended the expert Mr. Larry Kent Nick, Mr. Kent is the best ... he is the plug
I have this little interest in bitcoin, maybe I will give it a try. I could use that experience, but I will need more information about his services.
use small easy numbers not big ones
Right off the bat you were wrong about cash equivalents….
in this video you learn what cashflow is by a guy that read 5min of cashflow on wikipedia...
🤑💯✅
PhD---- Poor,helpless and desperate..
-----Robert Kiyosaki
That's a good one :)
😊
🙏🙏👍😊
👍
What is this? An ad for rich dad poor dad ?
💀
A good attempt to talk about investments, but too superficial. Didn't work for me.
2:53 😂
8:30 She didn't know much people😭😭
👍😎👍
❤️👍🏼
Thanks for commenting and do subscribe
For more information on where to inves your initial capital
My mentor sir kelvin in highly informed and reachable on w.h.a.t.s.a.p.p
+1-2-0-5-5-4-7-3-3-1-0---
wtf is wrong with subtitles??
Bow this dude got over 500k subs and gets 900 views in an hour 😂🤦🏾♂️
bought subs ??
Kiosaki is a joke.
He’s a legend ..!
Have you seen how much money he charges for his POS boardgame?
Q
Poor video. I'm an accountant. Furniture and buildings are not cash equivalents. They are assets, but not equivalent to cash in their liquidity. This video has many words but says nothing helpful.
😂 nonsense
Yes even when fake companies are add with out permission they still are allowed under who's authority it's wrong
Thank you for this knowledge
2:53 😂