Rich people stay rich by living like they're broke and poor people stay poor by living like they're rich
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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:
- The rich buy assets (things that generate revenue like bonds), not liabilities (things that cost money like rent).
- The rich be...
2 mindsets of building wealth
- Spending mindset: People who stay poor or middle class see money as something to be spent.
- Investing mindset: People who become rich see money as something to be invested.
The broke leading the broke
A majority of people are broke, actually. We are not taking our money seriously, and just living paycheck to paycheck. We are doing it because there are so many like us, around us, doing the same.
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