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Passive income streams are essential for financial freedom from "summary" of Why the Rich Are Getting Richer by Robert T. Kiyosaki,Tom Wheelwright
Creating income that doesn’t require constant effort is a cornerstone of wealth-building. Traditional employment ties time to money, limiting financial growth and freedom. To break free from this cycle, one must cultivate income sources that generate cash flow with minimal ongoing involvement. This approach empowers individuals to focus on growth, opportunities, and their passions rather than being tethered to a job. Investing in real estate, stocks, and businesses can open doors to these income sources. For instance, rental properties provide consistent cash flow while appreciating in value. Similarly, dividends from stocks can generate regular income, allowing for reinvestment and compounding growth. The key lies...
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