Conclusion
Our education system needs to teach financial literacy. So, it’s totally up to you to develop yourself. Building wealth will become easier and achievable if you learn to think like the rich and understand how the financial world operates. Never hesitate to invest in developing your mind. Our mind is the most crucial asset. With its help, we can generate great wealth.
Many things hold us back in our pursuit of getting rich, and the lack of money is not our worst enemy, unlike our false visions and misconceptions about how to become wealthy. The biggest one is the idea that we must work ceaselessly for someone else. However, harder work only pays if we learn to work for ourselves. A valuable piece of advice Robert Kiyosaki gives is that we should understand the difference between liabilities and assets. The former requires regular investment, whereas the latter generates money for you. Moreover, we need to get familiar with how the taxation system works and follow big corporations’ example regarding their earning-spending-getting taxed cycle.
Determined to succeed in getting rich, we need to keep in mind that fear, cynicism, laziness, arrogance, and bad habits will get us nowhere, even if we learn to allocate our money the best way.
Try this:
- Reduce your liabilities and unnecessary expenses, and get some assets
- The wealthy worry about asset columns, not income statements. Start thinking like the rich and focus on building your asset columns.
- Investing in real estate is an excellent path toward financial independence. If you get the opportunity to invest in real estate, take it!
- Connect with successful people in the business you are interested in and learn as much as you can from them.
- Money comes and goes. But educating yourself on finances will make it possible to start building wealth.
If you enjoyed this summary and want to dive a little deeper, pick the book up at Amazon or purchase it for you Kindle or Audible.