Develop a longterm wealth-building strategy from "summary" of Rich Dad Poor Dad - What the Rich Teach Their Kids About Money by Robert T. Kiyosaki
Building long-term wealth requires a plan, a strategy that goes beyond simply earning a paycheck. It involves setting goals and taking deliberate steps to achieve financial independence. This means thinking beyond immediate expenses and considering how money can work for you in the long run. It's about creating a roadmap that will lead you to financial freedom and security.
One key aspect of developing a long-term wealth-building strategy is understanding the difference between assets and liabilities. Assets are things that put money in your pocket, such as investments or rental properties. Liabilities, on the other hand, are things that take money out of your pocket, like car payments or credit card debt. By focusing on acquiring assets and minimizing liabilities, you can set yourself up for long-term financial success.
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