Monday, 21 June 2021

8 LESSONS I LEARNED FROM THE WORLD’S FAMOUS BOOK “RICH DAD POOR DAD”




1.    PUT YOUR MONEY TO WORK

You cannot get rich by just money sitting in a saving account you have to purchase and invest in appreciating assets because asset makes you rich.

 

2.    MONEY RETAINED

The amount of money retained matters a lot because it is not the amount you make; the matter is how much money you can save after all the necessary expenses of a month.

 

3.    ACQUIRE ASSETS

Rich people buy assets what makes them more money and poor people lose money when they buy something.


4.    YOU ARE NOT BORN TO WORK FOR OTHERS

You are not born to work for others only all of your life this will be modern slavery.  Most people know that but they can get more in life

 

5.    GAIN FINANCIAL KNOWLEDGE

Learn about investing, markets, accounting, and sales and in shares. It will help you to make better financial decisions. Financial knowledge helps you make more money.

 

6.    WINNING

Winning means not being afraid of losing. Never be afraid to take calculated risks. Those who play it safe will never make it big.

 

7.    PAY YOURSELF FIRST

Always pay yourself first every month, first make an investment in income-generating assets, the rest of your expenses should be next to it.

 

8.    DREAM BIG

Always dream big but you cannot earn millions of dollars just by dreaming of a small job, play and dreams big ventures, and play with pure heart.

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