Assets put money in your pocket from "summary" of Summary - Rich Dad Poor Dad by David De Angelis
Assets put money in your pocket. This is a simple concept that many people fail to understand. The key to financial success is to have assets that generate income for you. These assets can come in many forms, such as rental properties, stocks, or businesses. When you own assets that produce income, you are essentially putting your money to work for you. Instead of working for money, your money is working for you. This is the key difference between the rich and the poor. The rich focus on acquiring assets that will generate income, while the poor focus on acquiring liabilities that will drain their money. For example, buying a rental property is an example of acquiring an asset. The property will generate rental income for you each month, putting money in your pocket. On the other hand, buying a new car is an example of acquiring a liability. The car will cost you money each month in terms of maintenance, insurance, and depreciation. It is important to understand the difference between assets and liabilities in order to build wealth. By focusing on acquiring assets that put money in your pocket, you can create a passive income stream that will allow you to achieve financial freedom. This is the mindset that the rich have mastered, and it is a mindset that anyone can adopt with the right knowledge and discipline.
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