Rich invests what he earns, poor spends what he earns.
Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter. It advocates the importance of financial independence and building wealth through investing, starting and owning businesses, as well as increasing one's financial intelligence to improve one's business and financial aptitude.
Money without financial intelligence is money soon gone.
Average people tend to say, I work for my money, while rich people say, My money works for me.
Blind risk won't get you anywhere, but intelligent risk — in your which education and experience play a key role will give you rewards.
Start acquiring assets — things that put money in your pocket — rather than liabilities, things that take money out of your pocket.
Business of Mc Donald’s owner is not selling hamburgers but to have real estate. If hamburgers don’t sell, there is enough property to be sold, if required.
An Investment is not risky. Not knowing how to manage an investment is risky.
Master a formula and then learn a new one.
Only select professionals whose services make you money (or save you money), and pay them well.
Don’t buy a luxury until you have created an asset that pays for it.
The more you teach people, the more you will learn.
Do not let fear or opinions of the general public dictate your actions. When stock prices decline, people run away. However, when the local supermarket has a sale, people buy as much as they can.
Learn from history. Study success, and emulate it.
Action always beats inaction. If you don’t know what to do, overcome your inertia and just get moving.
“Imperfect action is better than perfect inaction.”
Harry Truman
Investment is not risky, that's exactly how Steemit and Steem Power is if you think about it.
I am a fan of Robert Kiyosaki. The thing I liked most about his teachings is the E-S-B-I cash flow quadrant :)
Thanks for sharing....some really good points. I started reading this book but got sidetracked and haven't finished it. Need to get back to it
very sound advice, too bad more people don't grasp these concepts
Glad to be here! Thanks everyone for your support! @libert
Welcome!
"Blind risk won't get you anywhere, but intelligent risk — in your which education and experience play a key role will give you rewards."
This line is one I definitely relate to crypto currencies
Glad you like it!
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Finally you worth it, thank you.
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I wish I read this book in 1997
Lol why
I was in my 20 's and if I took just a small bit of advise from this book then I be in different place now I believe - this is for everyone who is 20 to 30 - read it and use it