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Personal Financial Statement

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Personal Financial Statement

Post by Mkstyle on Sat Feb 20, 2010 8:38 pm

Hi Guys

I have now read Rober Kyosaki and played his game cash flow 101. My question is: if you have bought an apartment and have the cost of the apartment let say was 50,000 you have a down payment of 5,000 and the rest 45,000 would be mortgage. If I had to plug that into a personal financial statement I would put the "down payment" into expense, right? Course I would have to pay the money at once. Where as the mortgage would go to liabilities, but I should also know how much of the mortgage I would have to pay each month, and place that amount into expense, right? I'm a little bit confused.

Best regards
Mkstyle
Mkstyle
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