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Focus on building passive income from "summary" of Wisdom from Rich Dad, Poor Dad by Robert Kiyosaki
In the world of finance, one concept that is often overlooked but holds immense power is the idea of passive income. Passive income is essentially money that comes in without you having to actively work for it. Instead of trading time for money, as most people do in their jobs, passive income allows you to build wealth in a way that is not dependent on how many hours you work. This concept is at the heart of the teachings of Rich Dad in Robert Kiyosaki's book. Rich Dad emphasizes the importance of focusing on building passive income streams as a way to achieve financial independence. He believes that by creating sources of passive income, you can free yourself from the constraints of traditional employment and build wealth in a more sustainable way. One of the key benefits of passive income is that it allows you to leverage your time and money more effectively. Instead of being limited by the number of ho...
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