Key lessons for becoming a "Rich Dad" - Deepstash

Key lessons for becoming a "Rich Dad"

According to Kiyosaki in his book "Poor Dad, Rich Dad", rich people do certain things poor people don't:

  1. The rich buy assets (things that generate revenue like bonds), not liabilities (things that cost money like rent).
  2. The rich become financial literate through experience, not by studying hard at fancy schools.
  3. The rich learn to sell early on.
  4. The rich manage fear better. They take more risks and don't play it safe.

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"You have to go broke three times to learn how to make a living." ~ Casey Stengel

The idea is part of this collection:

The Psychology of Money

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