Kiyosaki’s 2023 Passive Income Assets Guide
Renowned financial educator Robert Kiyosaki‘s famous book “Rich Dad Poor Dad,” continues to champion passive income guide as a path to financial freedom. In 2023, he recommends several assets for steady cash flow with minimal effort. These assets include rental on real estates, dividend stocks, royalties, businesses, and intellectual property.
Rental real estate remains a prime choice, offering predictable monthly income, and Kiyosaki emphasizes thorough due diligence before investing. He also highlights the tax advantages of owning rental properties, such as deductions for mortgage interest and property taxes.
Dividend stocks, from stable companies with consistent dividend growth, are another option. Kiyosaki advises diversification and reinvesting dividends for long-term gains.
Royalties, often overlooked, offer payments for work done once, such as books, music, patents, and online courses. Kiyosaki’s own success story with royalties demonstrates their potential.
Owning part of a business, especially in information, education, real estate, or direct selling, is also recommended. Kiyosaki prefers businesses with effective systems, training, and existing products.
Lastly, intellectual property can provide long-term royalties or licensing income. Kiyosaki encourages creating high-demand content that people will pay for over time.
In conclusion, Kiyosaki’s strategies involve investing wisely in these assets, performing due diligence, and diversifying to achieve financial independence and steady cash flow.
Re-reported from the article originally published in The New Trader u
