The rich don't work for money; money works for them.
The rich use their money to make more money. They invest in assets that generate income, such as real estate, stocks, and businesses. The poor work for money and spend it as they earn it.
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10 lessons from Second Chance: for Your Money, Your Life and Our World by Robert. Kiyosaki and Tim Wheeler.
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Similar ideas to Lesson 3
When my rich dad said, โThe rich donโt work for money.ย They have their money work for them,โ he was talking about passive income and portfolio income.
Passive incom...
There are 2 types of income:
Active Income: You are trading time for money. In order to make money you must perform something. Every day you start from zero.
Passive Income: You do not have to be present to generate income. Things like real estate...
First manage the money you do have, then use your money to generate more money. You don't need to think about investing until you're out of debt and have multiple ways of generating income.
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