"Own Theses Assets & Never Work Again" | Robert Kiyosaki
Curated from: begreaterthanthink.blogspot.com
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Summary of Rich dad Poor dad!
There was a boy named Robert! he had two fathers, Rich Dad Or Poor Dad! Both dad were very smart and hard working.
Poor dad used to say that we can't afford expensive things. and Rich dad used to say that find the ways to get what you want!
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Know the difference between Assets and liabilities.
Rich dad always say that always know the difference between Assets and liabilities.
Assets which makes money and Liabilities which destroys your money. Wealthy people become more richer because they make assets. while middle class people focus only on liabilities.
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Why rich people become more richer?
Poor people have a cash flow in which they get income and that money ends up in their needs. Middle people have a cash flow in which they get income and that money ends up in their liabilities and needs. so there are no difference between poor and middle class!
while in the rich people's cash flow, they firstly builds their assets and then necessary expenses. that's why they become more richer because their income sources are increasing!
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