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Lesson of the rich daddy

At the very beginning of this book I have told about how my rich daddy began our meetings with survey of my current financial reports. When I was the child, it forced me to make very simple documents. In process of my growing my financial documentation assumed more and more mature air. The more my status grew, the the documentation became more difficult. After I have found financial freedom, my financial documents have become complicated even more. Now, when I will become all more senior and, I hope, more richly, degree of complexity of my financial documentation will increase too, and together with it it is necessary to grow and me. The habit to make the personal financial reports corresponding to last requirements, demands continuous training, and the rich daddy did everything to develop it at me.

It is not necessary to say that my poor daddy of this habit had no and a little that understood in modern accounting subtleties. It, of course, could fill the credit statement at house or car purchase. But he never understood bookkeepers for conducting monthly personal financial reports.

It is time to repeat a question set in the beginning of this chapter: whether itWish to take you under the control the ark?it If the answer still "yes" the following question is that: whether ityou Are ready to make regularly flowing, corresponding to last requirements, the verified, personal financial reports?it If the answer "is not present", then will rest all your hopes of any pension plan of category DC (type of the personal savings bill, the governmental pension plans or 401 (k)), and upon your house.

If you are going to to take the ark under the control and, maybe, to construct an ark of a rich class are obliged to be accustomed to make, at least, monthly reports on incomes and balance reports it even if in them could not be written down. Once again I underline importance of this moment because I know many who with ease understands financial reports and annual balances of other companies, but does not make financial reports on own activity. If you really wish to supervise the ark, that for you your personal financial report should be important.

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