Continued... - Deepstash
Continued...

Continued...

It is often used to illustrate the importance of financial education and the need to develop a mindset that focuses on building assets and generating passive income. It emphasizes that traditional education does not necessarily lead to financial intelligence/success and encourages individuals to seek knowledge & practical experience.

It also highlights the importance of taking control of one's finances and not relying on others. It encourages individuals to think like entrepreneurs & view money not just as a means of survival but as a tool for creating wealth and positively impacting the world.

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Just another homo-sapien

"Rich Dad Poor Dad" is a personal finance book written by Robert Kiyosaki that challenges traditional beliefs about money and investing. The author draws on his experiences growing up with two father figures, one of whom was financially successful, and the other who was not. He teaches readers about the importance of financial education, asset-building, and the differences between assets and liabilities. Kiyosaki shares practical lessons and advice on managing debt, building wealth, and developing financial intelligence.

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Financial Well-Being as a Continuum

The federal Consumer Financial Protection Bureau (CFPB) defines financial wellbeing as:

  • having control over day-to-day finances
  • being able to absorb a financial shock
  • being on track toward financial goals
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<p>9. <strong>Think Big</stron...

9. Think Big: Wealthy individuals think big and set audacious goals. They aim for significant achievements and are not afraid to dream on a grand scale.

10. Take Responsibility for Financial Outcomes: The book stresses the importance of personal responsibi...

Acceptance and commitment therapy (ACT)

The goal of ACT is not necessarily to reduce one's problematic thoughts and emotions. It is to help people effectively function while they are distressed and to promote more flexible and value-driven behaviors.
In other words, the primary goal is to promote 'valued living.'

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