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One key difference I’ve noticed between leaders and everyone else is that leaders do a better job focusing on the big picture. When you get to the top level of anything nurturing the “big picture” becomes your job.

What is the big picture?

In some companies the big picture is the profits. In others the mission statement. In some organizations it’s called “higher purpose”. Whatever it’s called the big picture is really accountability and determining what you want your organization to be accountable for.

Continue reading Success Key: Nurture the big picture »

I started covering some of the basic accounting terms on Tuesday. On Wednesday I covered why Rich Dad says accounting is important and that if you are financially illiterate you will be stuck where you are.

Today I want to start putting accounting into action! This is where the fun starts but I’m going to take things slow.

Continue reading The Income Statement »

If you are really interested in developing your financial intelligence Robert Kiyosaki’s Rich Dad, Poor Dad is a must read for you. Kiyosaki narrates his experiences growing up with an educated father who is poor while his best friend’s uneducated dad builds an empire. This book is the first of the Rich Dad series. All of these books are easy to read, personal and give great insight into why the rich get richer while the rest of us don’t.

If you want to be rich, you have to be financially literate

Being rich isn’t about how much money you make. It is about how much money you keep.

Continue reading The Rich Dad Guide to Wealth and Accounting »

Accounting gives people useful information so they can make rational decisions.

Usually, this information comes from financial statements. A financial statement is a report providing financial statistics relative to a given part of an organization’s operations or status. The two most common financial statements are the balance sheet and the income statement.

Continue reading Accounting Introduction »