So I was thinking it might be a very good thing for everyone to understand all these...
It is a book that written by the author "Robert Kiyosaki" and the book entitled "Rich Dad, Poor Dad"
This post is to give everyone to understand the difference between the rich and the poor.
So DO spend some time reading this is you want to understand more about the difference between the rich and the poor.
I've summarize everything so that everyone is easier to understand~ :DSo I guess I should start now...
A true tale of two dads — one a highly educated professor, the other, an eighth grade dropout. Educated dad left his family with nothing, except maybe some unpaid bills. The dropout later became one of Hawaii’s richest men and left his son an empire. One dad would say, “I can’t afford it” while the other, asked, “How can I afford it?”
Rich Dad’s Words of Wisdom:
• You are what you Think.
• A job is a short-term solution to a long-term problem.
• A highly paid slave is still a slave.
• Why climb the corporate ladder when you can own the ladder?
(And I guess everyone see this before when we were studying literature)
Good Thinking:
Two roads diverged in a wood, and I—
I took the one less traveled by,
And that has made all the difference.
Robert Frost, from ‘The Road Not Taken’
We must understand the difference between an asset and a liability.
Assets
• Real Estate
• Stocks
• Bonds
• Notes
• Intellectual Property
Liabilities
• Mortgages
• Consumer Loans
• Credit Cards
The poor have day-to-day expenses, the middle class purchase liabilities that they think are assets (i.e., a home or a car), and the rich build a solid base of income-generating assets.
The middle class finds itself in a constant state of financial struggle. Their primary income is wages, as wages increase, so do their taxes. Expenses increase as wages increase. Hence the phrase “the rat race.” They treat their home as their primary asset instead of investing in income-generating assets.
The rich get richer because they keep acquiring more assets and investments to generate more income, which far exceeds their expenses.
And these are Robert Kiyosaki's quotes~
• A game is like a mirror that allows you to look at yourself.
• A lot of people are afraid to tell the truth, to say no. That's where toughness comes into play. Toughness is not being a bully. It's having backbone.
• Academic qualifications are important and so is financial education. They're both important and schools are forgetting one of them.
• Face your fears and doubts, and new worlds will open to you.
• I have a problem with too much money. I can't reinvest it fast enough, and because I reinvest it, more money comes in. Yes, the rich do get richer.
• I still consider myself a little, fat kid from Hawaii.
• If you want to go somewhere, it is best to find someone who has already been there.
• Inside of every problem lies an opportunity.
• Money is kind of a base subject. Like water, food, air and housing, it affects everything yet for some reason the world of academics thinks it's a subject below their social standing.
"The main reason people struggle financially is because they spent years in school but learned nothing about money. The result is, people learn to work for money... but never learn to have money work for them." says Robert Kiyosaki.
So what do you think?
End~
~LZB~
