Money - Two theories - Deepstash

Money - Two theories

1. Theory One

Money is the cause of all sufferings

2. Theory Two

Lack of money is the cause of all sufferings.

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MORE IDEAS FROM Rich Dad, Poor Dad

Poor

People whose income gets spend on basic expenditure.

Middle class

People whose income gets spend on luxury things and unnecessary shopping.

Real rich

People whose income does not get spend, but they invest a good part of their income on money generating assets.

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Robert kiyosaki

Poor work for money, the money work for rich

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Most of the people think that their wealth will increase with increase in their income.

However, they end up increase in expenditure along with increase in income.

In contrast, rich people have attitude of saving and investing which make them rich.

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Assets

The things which increase your money.

Liabilities

The things which reduce your money.

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RELATED IDEA

Understand the difference between an asset and a liability; and grow your income-generating assets' column.

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The Rich Don't work for Money.

Rich people work to learn things and those things they learn can easily be applied to make money in the future, over and over again. It is better when you actually learn things in practice Being rich dor not Being rich has very little connection to material possession

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People's lives are forever controlled by two emotions - fear and greed. While fulfilling our greed we often opt for a job to earn plenty of money, which is eventually a short term solution to a long term problem. 

It's just like the picture of a donkey dragging a cart with its owner dangling a carrot just in front of its nose. The donkey's owner may be going where he wants to, but the donkey is chasing an ILLUSION. Tomorrow there'll only be another carrot for the donkey.

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