work spend, work more spend more, etc....Yes you can do better than this
“They get up every day and go work for money, not taking the time to ask the question, ‘Is there another way?”― Robert T. Kiyosaki, Rich Dad, Poor Dad
“Rule #1: You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know. It is rule number one. It is the only rule. This may sound absurdly simple, but most people have no idea how profound this rule is. Most people struggle financially because they do not know the difference between an asset and a liability. “Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets, “ said rich dad.”
― Robert T. Kiyosaki, Rich Dad, Poor Dad
yes when you start working don't live with everything you can. If you have money to buy a car don't buy the car. Save the money & buy asset's. wait 10 years for the car
when you are in your 20's & 30's don't spend it all, don't buy the house that you need, wait and you will have a better house later.
what do you do with the saved money? buy asset's
what are asset's?
houses to rent
mutual funds
stock's
things that you can rent
what are liabilities. Things that next year are probably worth less and you pay to maintain them every year
a second home
a car
a motorbike
a boat
“An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.”
― Robert T. Kiyosaki, Rich Dad, Poor Dad
what is the purpose of all of this? hopefully one day you make a bit from your work and you make as much from your asset's. If you have a bit of luck (invest during a Bull market) one day you could live only from your asset's. the rat race would be over!
“The poor and the middle class work for money. The rich have money work for them.”
― Robert T. Kiyosaki, Rich Dad, Poor Dad
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