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Podcast: Wealth Formula Podcast
Episode: 282: The Cash Flow Ninja!
Description: When I first read The Cash Flow Quadrant by Robert Kiyosaki (the purple pill), I was fascinated by the concept of using earned income to produce streams of passive income, that would eventually become a great river that would replace ones earned income all together. That concept is what I now call Wealth 1.0. You see, while the concept is appealing, the math is not. Let's do some simple arithmetic to understand the challenge. Say for example you make 500K per year. Let's assume that at a 30 percent tax rate, that leaves you with $350K. Let's be generous here and say...