The rich focus on acquiring assets, not liabilities from "summary" of Rich Dad's Prophecy by Robert T. Kiyosaki,Sharon L. Lechter
The rich have a different mindset when it comes to money. They understand the importance of acquiring assets that generate income, rather than liabilities that drain their resources. Assets put money in your pocket, while liabilities take money out. This simple concept is often overlooked by the majority of people, who focus on acquiring liabilities like flashy cars, designer clothes, and big houses. The rich prioritize building their asset column, which consists of investments such as real estate, stocks, and businesses. These assets have the potential to appreciate over time and provide a continuous stream of income. By focusing on acquiring assets, the rich are able to grow their wealth and achieve financial freedom. In contrast, those who focus on acquiring liabilities find themselves trapped in a cycle of debt and financial struggle. ...
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