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Rich Dad Poor Dad vocabulary Flashcards | StudBud
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Rich Dad Poor Dad vocabulary
Rich Dad Poor Dad vocabulary
6 terms
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1
Learning how to manage and grow your money
Financial Literacy
Legal Structure
Tax Advantages
Asset
2
A report showing income and expenses over time.
Passive Income
Mindset
Income Assestment
Balance Sheet
3
A legal company or entity that exists separately from its owner
Rat Race
Corporation
Asset
Income
4
The movement of money into and out of your finances.
Paycheck
Balance Sheet
Cash Flow
Rat race
5
Benefits that reduce the amount of tax owed
Business
Financial Literacy
Tax Advantages
Loophole
6
The type of organization of a business (e.g., LLC, sole proprietorship)
Liability
Loophole
Business
Legal Structure