Prioritize saving and investing from "summary" of Rich Dad Poor Dad Summary (by Robert T. Kiyosaki) by Robert T. Kiyosaki
When it comes to building wealth, prioritizing saving and investing is crucial. This means setting aside a portion of your income for the future rather than spending it all on immediate gratification. Saving is about putting money aside for emergencies or future purchases, while investing is about putting your money to work to generate more money over time. Saving is important because it provides a safety net in case of unexpected expenses or emergencies. Without savings, you may find yourself in financial trouble if you lose your job or face a big medical bill. By saving regularly, you can build up a cushion to protect yourself and your family from financial hardship. Investing, on the other hand, is about making your money work for you. Instead of letting your savings sit in a low-interest savings account, you can invest in assets that have the potential to grow in va...
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