So you want a new car. Typically people goto the car lot and talk with a salesman get a good deal and buy the car. They talk with the finance dept. and the guy behind the desk asks them what would you like your payment to be. He then proceeds to put the loan together for 3,4,5,6, or even a 7 year term so that you are happy with your payment. You sign the papers and you drive off with a new car.
Here is what the Rich do when it comes to buying toys (cars, boats, motorcycles, etc. or as Robert Kiyosaki calls them DooDads) They buy an Asset (i.e. Real Estate) that cashflows each month equal to or greater than the car payment. They take the cashflow they receive each month to pay for their toys.
Let’s say you are not the typical American and you could pay cash for the car say $25,000. “Why not” put $25,000 down on a piece of Real Estate that will cashflow $350.00/mo. to pay for your car? I will tell you why F.E.A.R. (false evidence appearing real). Most people are scared and don’t take action. Once you know your risks and have assessed them take action and get the toys for FREE.
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