Rich Dad Poor Dad - What the Rich Teach Their Kids About Money - Deepstash

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The Rich Don't Work For Money

The Rich Don't Work For Money

Money psychology for rich is, money works for them as they have different parameters,

When life's pushes all of us around usually people react and try to push them back on their jobs or their loved ones, but some learn from those and find out their views and mistakes.

Thinking that problems are from others, you will always find reasons but actually take time and think of your self as alrounder(all situations) that helps one to become wise.

When it comes to money most of people want play it safe due their fear and greed over money.

Note: these lines should be analysed, you can find much meaning.

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Fear And Greed

Fear: fear for affording thing or that they can't sustain in present generation of taxation or insecurities for not having money((feeling of not having money).

While greed comes when money is secured in our account or in cash,

Greed: money makes people greedy because it pushs them to buy un wanted stuff (feeling that they want to buy something but actually it isn't required).

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Assets And Liabilities

A liability takes money out of the pocket.

An asset that increases value of the money.

On basis of these assets and liabilities there are different cash flow pattern of poor, middle and rich people

Categories into

income sheet: income, expenses

Balance sheet: asset and liabilities

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Bussiness

Be creative in business not in the profession your actually working on profession must be done simultaneously by improving assets.

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Factors

1. Accounting

2. Investing

3. Understanding market

4. The law

5. Supply and demand

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Overcome

Fear

Criticism

Laziness

Bad habits ( expenses)

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Management Skills

Management Skills

Clash flow

People

System

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Finally

Small thinkers don't understand the big breaks.... Just think big.

Understanding market and find out the insiders.

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ROBERT T.KIYOSAKI

The single most asset we have is our mind.

ROBERT T.KIYOSAKI

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CURATED BY

gbk

I believe "suffering is optional"

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