7 money lessons from Rich Dad Poor Dad
Stories

7 money lessons from Rich Dad Poor Dad

Admin
Published on: 
Reinvest the profits you make- The profitability created by your assets should be reinvested in other assets.
Reinvest the profits you make- The profitability created by your assets should be reinvested in other assets.
Reduce your spending as much as possible- The author advises having as little debt load as possible because, in the end, it hinders the financial freedom you want to achieve.
Reduce your spending as much as possible- The author advises having as little debt load as possible because, in the end, it hinders the financial freedom you want to achieve.
Know the difference between assets and liabilities- An asset is something that puts money in your pocket and a liability is something that takes money out of your pocket.
Know the difference between assets and liabilities- An asset is something that puts money in your pocket and a liability is something that takes money out of your pocket.
Don't work to earn money; work to learn- Learning can make you much more knowledgeable and can provide you with unique skills to improve your professional situation.
Don't work to earn money; work to learn- Learning can make you much more knowledgeable and can provide you with unique skills to improve your professional situation.
Financial education is your greatest asset- Money isn't your greatest asset. The book recommends having knowledge of accounting, investing, markets, law, bidding, marketing, leadership, writing, etc.
Financial education is your greatest asset- Money isn't your greatest asset. The book recommends having knowledge of accounting, investing, markets, law, bidding, marketing, leadership, writing, etc.
The rich make their money work for them- Rich people make money and don't work to earn it. In other words, they buy assets that generate income. This is one of the book's most important lessons.
The rich make their money work for them- Rich people make money and don't work to earn it. In other words, they buy assets that generate income. This is one of the book's most important lessons.
7 money lessons from Rich Dad Poor Dad
7 money lessons from Rich Dad Poor Dad7 money lessons from Rich Dad Poor Dad

Here's More

No stories found.
True Scoop
www.truescoopnews.com