3. Teach yourself financial literacyIt’s not how much money you make. It’s how much money you keep. This may sound noob. But keeping money is terribly hard. If you don’t believe me, look back at the income you made in the last month and how much of it you have now.Money without financial literacy is no moneyMaking money and keeping money are two separate things. Don’t confuse the two. Remember the athlete who at 24 earned millions but slept under the bridge 10 years later?With financial literacy comes great responsibility.

2. Make money work for youBroke people stay broke by spending all their money. Middle-class people stay middle class by saving all their money. Rich people stay rich by laboring all their money.If you work for money, you will run out of time to make enough money.The most common problem is people don’t want to learn about money. They study their subjects, go to work, get paychecks, and die.Buy real assets:stocksbondsreal-estateBusinesses

1. Get braveSchool teaches you to work for money. Our education system is built on the premise of producing a workforce for companies or institutions.People learn it without questioning because they are afraid. And it’s an easy path.If you want to take control, get brave. Why not bash the walls a bit?

Although we have been successful in our careers, they have not turned out quite as we expected. We both have changed positions several times-for all the right reasons-but there are no pension plans vesting on our behalf. Our retirement funds are growing only through our individual contributions. Michael and I have a wonderful marriage with three great children. As I write this, two are in college and one is just beginning high school. We have spent a fortune making sure our children have received the best education available. One day in 1996, one of my children came home disillusioned with school. He was bored and tired of studying. “Why should I put time into studying subjects I will never use in real life?” he protested. Without thinking, I responded, “Because if you don't get good grades, you won't get into college.” “Regardless of whether I go to college,” he replied, “I'm going to be rich.”

books

Books

Kiyosaki is best known for his book Rich Dad, Poor Dad, the #1 New York Times bestseller. Kiyosaki followed with Rich Dad's CASHFLOW Quadrant and Rich Dad's Guide to Investing.

ROBERT T KIYOSAKI

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2 mindsets of building wealth

Passive and Portfolio Income:

NAVAL RAVIKANT