Create multiple streams of income to build wealth from "summary" of Rich Dad Poor Dad by Robert T. Kiyosaki,Sharon Lechter
One of the key principles that my rich dad taught me about building wealth is the importance of creating multiple streams of income. This concept is crucial because it allows you to diversify your sources of revenue and not rely solely on one income source. By having multiple streams of income, you can better protect yourself against economic downturns or job loss.
When you rely on just one source of income, such as a job, you are putting all your eggs in one basket. If that job disappears or you are unable to work for some reason, you could find yourself in financial trouble. However, by creating multiple streams of income, you can ensure that you have money coming in from different sources, which provides you with greater stability and security....
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