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Why rich people become more richer?
Poor people have a cash flow in which they get income and that money ends up in their needs. Middle people have a cash flow in which they get income and that money ends up in their liabilities and needs. so there are no difference between poor and middle class!
while in the rich people's cash flow, they firstly builds their assets and then necessary expenses. that's why they become more richer because their income sources are increasing!
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225 reads
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Summary of Rich dad Poor dad!
There was a boy named Robert! he had two fathers, Rich Dad Or Poor Dad! Both dad were very smart and hard working.
Poor dad used to say that we can't afford expensive things. and Rich dad used to say that find the ways to get what you want!
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593 reads
Know the difference between Assets and liabilities.
Rich dad always say that always know the difference between Assets and liabilities.
Assets which makes money and Liabilities which destroys your money. Wealthy people become more richer because they make assets. while middle class people focus only on liabilities.
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237 reads
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We think rich people should be more generous
Most of us believe if we earned a bit more money, we'd have more free money to give. But the wealthier people get, the more expenses they accumulate, meaning there is not that much "spare" income.
The result is that we often pass the buck, thinking that the wealthier peop...
Budgeting your money is the cornerstone of a sound financial plan, and seeing all the numbers in black and white can offer valuable perspective on where your mone...
WES MOSS
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