summaries

Rich Dad's Cashflow Quadrant: Rich Dad's Guide to Financial Freedom

mendi926Vocabulary listWords: 8
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English
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WealthAn abundant possession or supply of money, goods, or other assets.
Definitions:
An abundance of valuable possessions or money.
InvestmentThe act of spending money, time, or energy into something in order to get benefits in the future.
Definitions:
The action or process of investing money for profit.
LiabilitiesFinancial debts or obligations that a person or company owes.
Definitions:
A company's legal financial debts or obligations that arise during the course of business operations.
AssetsItems of property that have value and can be sold or used to pay debts.
Definitions:
Property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
CashflowThe total amount of money being transferred into and out of a business, affecting liquidity.
Definitions:
The net amount of cash and cash-equivalents being transferred into and out of a business.
EntrepreneurshipThe process of starting, running, and growing a business.
Definitions:
The activity of setting up a business or businesses, taking on financial risks in the hope of profit.
QuadrantOne of four sections that an area or space is divided into.
Definitions:
A quarter of a circle or of its circumference.
Financial freedomThe ability to cover life's necessities, luxuries, and future financial needs with ease and certainty.
Definitions:
Financial freedom is the status of having enough income to pay for living expenses for the rest of a person's life without having to rely on formal employment.