Application for calculating available assets and liabilities (according to Kiyosaki)
Definition of assets and liabilities by Kiyosaki:
Assets - everything that brings income
Liabilities - all that does not generate income
The application takes into account:
- Investments (for example, a deposit in a bank, leasing, etc.)
- Debt obligations (e.g. loans, equipment rental, etc.)
- Unnecessary purchases (something without which it was easy to do and save)
The final results:
- total income or loss from all assets / liabilities
- alternative income that could have been obtained by making better use of money
(for example, if you do not buy a second car, but put money in a bank account)
- Estimated annual yield / loss ratio
Based on the results, you can make a decision about getting rid of liabilities,
and also to estimate what income can be received if not to borrow and not to make unnecessary purchases
Definition of assets and liabilities by Kiyosaki:
Assets - everything that brings income
Liabilities - all that does not generate income
The application takes into account:
- Investments (for example, a deposit in a bank, leasing, etc.)
- Debt obligations (e.g. loans, equipment rental, etc.)
- Unnecessary purchases (something without which it was easy to do and save)
The final results:
- total income or loss from all assets / liabilities
- alternative income that could have been obtained by making better use of money
(for example, if you do not buy a second car, but put money in a bank account)
- Estimated annual yield / loss ratio
Based on the results, you can make a decision about getting rid of liabilities,
and also to estimate what income can be received if not to borrow and not to make unnecessary purchases
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