Focus on building assets from "summary" of Rich Dad Poor Dad (Kannada) by Robert Kiyosaki
When it comes to financial success, one of the key concepts that I learned from my rich dad is the importance of focusing on building assets. Assets are what put money in your pocket, while liabilities take money out of your pocket. Rich dad taught me the importance of acquiring assets that generate passive income, such as real estate, stocks, or businesses, instead of accumulating liabilities like cars, houses, or expensive gadgets that only drain your finances. Building assets is essential for achieving financial freedom because it allows you to create a source of income that is not dependent on your active involvement. This means that even if you stop working, your assets will continue to generate income for you. By focusing on building assets, you are taking steps towards creating a sustaina...
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