Mind your own Business. - Deepstash
Mind your own Business.

Mind your own Business.

An individual should be spending their spare time investing as much as they can from their wages in assets, not spending them.

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MORE IDEAS FROM Rich Dad, Poor Dad

The Rich Don't work for Money.

Rich people work to learn things and those things they learn can easily be applied to make money in the future, over and over again. It is better when you actually learn things in practice Being rich dor not Being rich has very little connection to material possession

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The Rich invent Money.

Create your own intellectual property and try to monetize it. Sell your intellectual property with the power of the internet by selling crafts you can make, sell websites, songs, paintings on Ebay, Amazon etc.

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Work to learn.

When you actually have a 9-5 job, it is better for you to try and learn as much as you can, not just for the wages that you receive at the end of the month. It's not about money especially if you are young, as the skills you might get are more important than the actual money.

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Have good financial literacy.

An asset is something which can generate income, whereas a liability is anything that has costs. Your house is a liability as it may have cash value, but it doesn't bring you any money unless you rent it You can become rich by accumulating assets that can generate value example, a blog, local online shop etc..

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RELATED IDEA

Understand the difference between an asset and a liability; and grow your income-generating assets' column.

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1. Theory One

Money is the cause of all sufferings

2. Theory Two

Lack of money is the cause of all sufferings.

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People's lives are forever controlled by two emotions - fear and greed. While fulfilling our greed we often opt for a job to earn plenty of money, which is eventually a short term solution to a long term problem. 

It's just like the picture of a donkey dragging a cart with its owner dangling a carrot just in front of its nose. The donkey's owner may be going where he wants to, but the donkey is chasing an ILLUSION. Tomorrow there'll only be another carrot for the donkey.

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