Poor dad focuses on earning a higher salary from "summary" of Summary - Rich Dad Poor Dad by David De Angelis
The poor dad, he's always focused on one thing - earning a higher salary. He believes that if he works hard enough and climbs the corporate ladder, he will eventually achieve financial success. But the problem is, no matter how much money he makes, it never seems to be enough. He's always struggling to make ends meet, living paycheck to paycheck, and never really getting ahead.
The poor dad is trapped in the rat race, constantly working just to pay the bills and keep up with his expenses. He's always looking for ways to increase his income, whether it's through overtime at work or taking on a second job. But no matter how hard he works, he never seems to be able to break free from the cycle of financial insecurity.
On the other hand, the rich dad has a completely different mindset when it comes to money. He understands that simply earning a higher salary is not enough to achieve financial success. Instead, he focuses on building assets and creating passive income streams that will continue to generate money for him even when he's not actively working.
The rich dad knows that in order to achieve true financial freedom, you need to think outside the box and take calculated risks. He's not afraid to invest in real estate, start a business, or pursue other wealth-building opportunities. And because of this, he's able to accumulate wealth and enjoy a life of abundance without being tied down to a traditional 9-5 job.
So, while the poor dad is stuck in a never-ending cycle of financial struggle, the rich dad is able to create a life of financial freedom and abundance. The key difference between the two lies in their mindset and approach to money. The poor dad focuses on earning a higher salary, while the rich dad focuses on building assets and creating passive income streams. And that, my friend, is the key to true financial success.
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