Rich Dad Poor Dad Audiobook By Robert Kiyosaki cover image

Casflow quadrant

Rich Dad Poor Dad Audiobook By Robert Kiyosaki

CHAPTER

Real Estate Is Risky, but I Can Control the Level of Debt

In Australia, negative gearing is a strategy actually if you have a lot of money. The reason I like real estate, although it's slower, is that I'm in more control of it. It's not dependent upon necessarily market forces where the price is going to go up and prices went down. How much can I rent this thing for? If the toilet breaks, that's an expense on it. I control vacancy factors. That's all part of financial literacy or understanding numbers.

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