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Don't work for money, make money work for you from "summary" of Rich Dad Poor Dad by Robert T. Kiyosaki,Sharon Lechter
The concept of not working for money but making money work for you is a key principle in achieving financial independence. Instead of relying solely on a paycheck from a job, one should aim to create passive income streams that generate money even when you are not actively working. This shift in mindset is crucial for building wealth and achieving financial freedom. By focusing on making money work for you, you are able to leverage your resources and investments to generate ongoing income. This can include investing in assets such as real estate, stocks, or businesses that have the potential to grow over time. By putting your money to work in this way, you can create a cycle of wealth generation that can lead to long-term financial stability. Working for money, on the other hand, can be limiting as it relies on the exchange of time for a fixed income. This traditional approach to earning money can be restrictive and may not provide the financial freedom that many desire. By shifting your focus to making money work for you, you open up new possibilities for generating income and building wealth. One way to start making money work for you is by investing in assets that have the potential to appreciate in value over time. This can include purchasing real estate, investing in stocks, or starting a business. By putting your money into these types of assets, you are able to generate passive income that can supplement or even replace your active income from a job.- The goal is to create a portfolio of assets that can generate ongoing income streams and provide you with financial security. By making money work for you, you can achieve greater financial independence and have more control over your financial future. This shift in mindset is essential for building wealth and achieving long-term financial success.
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