Focus on acquiring assets that generate passive income from "summary" of Rich Dad's Increase Your Financial IQ by Robert T. Kiyosaki
When it comes to building wealth, one of the key strategies is to focus on acquiring assets that generate passive income. Passive income is money that comes in without you actively having to work for it. This is in contrast to earned income, which requires your time and effort on a consistent basis.
By acquiring assets that generate passive income, you are essentially creating streams of revenue that continue to flow in even when you are not actively working. This can provide you with financial stability and freedom, as you are no longer reliant on a traditional job for income.
There are many different types of assets that can generate passive income, such as rental properties, dividend-paying stocks, and royalt...
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