Rich people focus on building assets, while poor people focus on working for money from "summary" of Cashflow Quadrant: Rich dad poor dad by Robert T. Kiyosaki
Rich people focus on building assets, while poor people focus on working for money. This concept is one of the fundamental differences between the mindset of the rich and the poor. Rich people understand that in order to achieve financial independence, they need to acquire and build assets that generate passive income. Poor people, on the other hand, believe that the only way to earn money is through hard work and a steady job. Building assets is a key strategy that rich people use to create wealth and achieve financial freedom. Assets are investments that generate income without requiring active participation on the part of the owner. This can include things like real estate, stocks, bonds, and businesses. By focusing on building assets, rich people are able to create m...
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