Monday, October 14, 2019

7 Hidden Lessons In Rich Dad Poor Dad

Here is the link.


#1 Money or the lack of money is a result of your emotions
#2 The rich does not work for money. Work to build skills.
#3 The rich do not work for money
#4 You come first!
#5 You become what you study
#6 Become wealthy. Not just rich
#7 Become financially literate

Assets vs liabilities
How the rich avoid taxes?

How millionaire becomes millionaire?
Average people, time -> average people, average TV
dedication - financial success -> study those who have done it.

Assets -> Invest in a cash flow generating asset - vs $1400/ month for a car payment

My assets buy my liabilities ->
Assets & liabilities
Gross or Net revenue
ROI
Income & expenses
Overhead costs
Understand your current finances
What was 1 idea that resonated with you the most about the video.

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