Invest in assets that appreciate in value from "summary" of Rich Dad Poor Dad by Robert T. Kiyosaki
The concept of investing in assets that appreciate in value is a fundamental principle of financial intelligence. It is about understanding that not all investments are created equal. While some assets may provide short-term gains, true wealth is built by investing in assets that increase in value over time.
When you invest in assets that appreciate in value, you are essentially putting your money into things that have the potential to grow and generate more wealth for you in the future. This could be in the form of stocks, real estate, or a business that has the potential to increase in profitability over time.
By focusing on assets that have the potential to appreciate in value, you are setting yourself up for long-term financial success. This is because these investments have the ability to compound over time, meaning that the value of your initial investment can grow exponentially as the asset increases in value.
In contrast, investing in assets that do not appreciate in value may provide short-term gains, but they are unlikely to generate long-term wealth. For example, buying a car or expensive luxury items may provide temporary satisfaction, but they do not have the potential to grow in value over time.
Therefore, the key to building wealth and achieving financial freedom is to focus on investing in assets that have the potential to appreciate in value. By doing so, you are creating a solid foundation for your financial future and setting yourself up for long-term success.
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