Learn rules of the rich from "summary" of Midas Touch by Robert T. Kiyosaki,Donald J. Trump
One can achieve financial success by following certain principles. Understanding the behaviors and habits of the wealthy can help one to become rich and stay that way. Knowing the rules of the rich can be the key to becoming financially prosperous.- Wealthy people follow the principles of financial freedom so they can think big and do what they want with their money.
- Rich people don't work for money, they make others work for them and their money works for them.
- Being rich means having intellectual capital - knowledge that allows investors to identify new ideas as well as spot trends and changes in the marketplace that present profitable opportunities.
- Building long-term wealth involves creating multiple sources of income which will help keep you financially secure regardless of life's ups and downs.
- Don’t let your money disappear, have control of where it goes and protect it through wise investments.
- Richer individuals are often more generous with their money and use it to benefit non-profits or institutions.
- Investing in yourself is key as it opens up panelty of future revenue streams and even offers additional tax benefits.
- Opportunity costs must always be considered when making a decision about how to manage your finances.
- Learn to take calculated risk and diversify rather than put all eggs in one basket.
