oter
Audio available in app

Investing is a mindset from "summary" of FAKE: Fake Money, Fake Teachers, Fake Assets by Robert T. Kiyosaki

Investing transcends mere financial transactions; it embodies a way of thinking. This mindset requires individuals to view money as a tool for building wealth rather than just a means to fulfill immediate desires. Recognizing the difference between assets and liabilities is crucial. Many believe they are investing when they are actually accumulating liabilities disguised as assets. This confusion stems from societal conditioning that emphasizes consumption over wealth creation. Seeing opportunities where others see obstacles is a hallmark of this mentality. While the average person follows conventional paths, the true investor seeks knowledge and insights that others overlook. It’s not just about number...
    Read More
    Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
    Similar Posts
    Set clear financial goals and work towards them diligently
    Set clear financial goals and work towards them diligently
    Setting clear financial goals is a crucial step in achieving financial success. Without a clear direction, it is easy to get lo...
    Surround yourself with likeminded individuals
    Surround yourself with likeminded individuals
    To truly thrive in life, it is essential to be surrounded by individuals who share similar values, beliefs, and goals. When you...
    Surround yourself with likeminded individuals who support your financial goals
    Surround yourself with likeminded individuals who support your financial goals
    When it comes to achieving financial success, one essential piece of advice is to surround yourself with like-minded individual...
    Patience is key to successful investing
    Patience is key to successful investing
    Successful investing requires patience. It is essential to understand that the stock market is unpredictable, and there will be...
    Understand the relationship between risk and return
    Understand the relationship between risk and return
    To succeed in investing, it is essential to grasp the critical relationship between risk and return. This concept is at the cor...
    Stay disciplined during market fluctuations
    Stay disciplined during market fluctuations
    As an investor, it is crucial to remain disciplined during market fluctuations. This means sticking to your investment strategy...
    Invest in companies with a margin of safety
    Invest in companies with a margin of safety
    The essence of the concept of investing with a margin of safety lies in the idea of protecting oneself from potential losses. E...
    Embrace change and adapt to new opportunities
    Embrace change and adapt to new opportunities
    In order to achieve success in life and in business, it is crucial to have the mindset of embracing change and being willing to...
    Create an emergency fund
    Create an emergency fund
    An emergency fund is like a financial safety net that you can rely on when unexpected expenses or emergencies arise. It provide...
    Stay adaptable to changing financial circumstances
    Stay adaptable to changing financial circumstances
    The key to financial success lies in your ability to adapt to changing circumstances. The world of finance is constantly evolvi...
    oter

    FAKE: Fake Money, Fake Teachers, Fake Assets

    Robert T. Kiyosaki

    Open in app
    Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.