Make decisions based on facts, not emotions from "summary" of Summary - Rich Dad Poor Dad by David De Angelis
When it comes to making decisions, it is essential to rely on facts rather than emotions. Emotions can cloud our judgment and lead us astray, while facts provide us with a clear and objective basis for decision-making. This is a key principle that can help us navigate the complex world of finance and investing. In the book "Rich Dad Poor Dad," the author emphasizes the importance of taking a rational and analytical approach to decision-making. By focusing on the facts and data available to us, we can make informed choices that are based on reality rather than on our feelings or impulses. This can help us avoid costly mistakes and achieve our financial goals more effectively. One of the dangers of making decisions based on emotions is that they can be influenced by external factors such as fear, greed, or peer pressure. These emotions can lead us to make impulsive decisions that may not be in our best interests in the long run. By contrast, decisions based ...
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