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Rules of the rich daddy

The rich daddy too very well knew rules. He too demanded, that we with his son knew that for different people and different situations exist different rules.

In 1933 Joseph P.Kennedy, the head of just founded Commission of securities and stock exchanges and the father of president John F.Kennedy, has supported the law which, as a matter of fact, keeps representatives of the poorest and average classes from investment in the same paper actives that are intended for the rich. As a result at whom are not present millions, and those who earns less than 200 thousand a year individually or 300 thousand on a family (and such people make less than five percent of the population of the USA), cannot invest often in investments of money some of the best variants on light. If you look at a game board itthe Monetary stream 101it will see on it two paths.

The game board itthe Monetary stream 101it reflects rules it from 1933. The small path is intended for "rat race". This field for investments poor and middle class. The big path is called high-speed, and there invest the rich. An essence that on different paths not only different game, but also different rules. The rich daddy insisted on that we with Mike have accurately acquired a difference between games and rules.

The labour right was very important course in academy. The reason on which we should study laws on work, consisted that as to representatives of command structure, us it was necessary to deal with trade unions, members of trade unions and trade-union rules. If we, as officers, did not know these rules could not be effective heads. Here therefore we also crammed the labour right.

In it And me it is much more favourable to borrow money, than to save up them. Moreover, than I am more than money I occupy and the less than my own money I put in the real estate, the above profit factor on the invested capital. In other words, the more I occupy, the my money and that above my profits if the investment is good more actively works. I will explain the thought. If I buy the property in cost in 100 thousand and I bring 20 percent of pledge, that is 20 thousand, occupying the others of 80 thousand under 8 percent, and I receive 200 dollars in a month of the net profit after a deduction of all expenses my profit on the invested capital makes approximately 12 percent.

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