KEY
For becoming RICH
And developing investor mentality
Is it enough to go to schools or colleges to become rich?
WHY
Only few people become filthy rich Whereas many people lead a poor or middle class life
Robert had 2 fathers
- His 1st real dad struggled throughout his life
- Learnings from the 2nd dad
- Become financially literate
Know the difference between assets and liabilities
Rich acquire ASSETS while middle class acquire liabilities
Every person has an income statement
An income statement comprises of – income and expenses
What is important
NOT THE amount you earn BUT THE AMOUNT YOU KEEP
Shift from a CONSUMER MENTALITY to an INVESTOR mentality
People complain about their incomes
They want their incomes to increase
But this actually results in them increasing their expenditure- thus they invest in LIABILITIES
Thus what matters is how much money you keep for yourself
As Robert T Kiyosaki’s Rich dad (dad of his friend) was academically not qualified BUT was financially Literate
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