RICH DAD POOR DAD, - Coggle Diagram
RICH DAD POOR DAD
LESSON 1: The rich don't work for money
Too often people reacted to their emotions instead of thinking logically
The pyramid of learning (actual -> books)
"The poor and middle class work FOR money. The rich have money work for them"
"When it comes to money, people want to feel safe. So, passion does not direct them. Fear does"
"A job is a short-term solution to a long term problem"
LESON 2: Why Teach Financial Literacy
"It's not how much money you make. It's how much money you keep"
Like a tree :evergreen_tree:
"Where do I get started"
"If you want to be rich, you need to be financial literate"
Cash Flow Patters
Cash flow tells the story of how a person handles money
Rule 1: You must know the difference between an asset and a liability, and buy assets
ASSET - puts money in my pocket
LIABILITY - takes money out of my pocket