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Reading is a fundamental step when attempting to improve your personal finances.
by Robert T. Kiyosaki
"Money without financial literacy is no money"
Making money and keeping money are two different things. Never confuse the two . Remember the athlete who made millions at 24 but ended up sleeping under a bridge ten years later?
"An asset is something that puts money in your pocket and a liability is something that takes money out of your pocket,"
Rich people acquire assets (securities and investments) and poor people add liabilities (commitments and obligations).
This is the most significant distinction that...
Rich people are taught from an early age that wealth is earned by LEVERAGE rather than hard effort. They put their money into investment entities, which handle all of the "labour."
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