How Ignoring This Advice Cost Me $1 Billion in My 30s

What does the cash flow quadrant from Rich Dad include?

• X, Y, Z, and W

• A, B, C, and D

• N, M, O, and P

• E, S, B, and I

What do the letters E, S, B, and I stand for in the cash flow quadrant?

• Employees, Self-employed, Business, Investor

• Energy, Synergy, Balance, and Intelligence

• Efficiency, Speed, Brilliance, Innovation

• Education, Skill, Bravery, Inspiration

What is considered a liability for a bank when it receives it?

• Gold

• Stocks

• Your money

• Real estate

What is the average inflation rate mentioned in the text?

• 1-2%

• 3-4%

• 9%

• 5-6%

How long does it take for the balance in your bank account to be eroded due to inflation?

• 12 years

• 3 years

• 6 years

• 9 years

What does the speaker claim inflation does to the value of $100,000 in the bank over ten years?

• Increases its value by 25%

• Doubles its value

• Reduces its buying power by 50%

• Has no effect on its value

According to the text, what is the main goal of Wall Street?

• To simplify financial systems

• To reduce inflation

• To educate Main Street on investments

• To make the system complex and act as a middleman

What did the speaker wish they had understood earlier?

• The importance of saving money

• How the financial system works

• The best stocks to invest in

• The value of real estate

What is the speaker's current financial status?

• Over $750 million in debt

• Has $1 billion in savings

• Debt-free

• A billionaire

What does the speaker suggest is the key to becoming wealthier, faster?

• Investing in Wall Street type assets directly

• Keeping money in savings accounts

• Waiting for the right time to invest

• Investing only in real estate