You need to learn how to have your increased efforts benefit you and your family directly.” “The problem with simply working harder is that each of these three levels takes a greater share of your increased efforts. Once you understand the difference between assets and liabilities, concentrate your efforts on buying income-generating assets. “Many financial problems are caused by trying to keep up with the Joneses.” “A person can be highly educated, professionally successful, and financially illiterate.” “The fear of being different prevents most people from seeking new ways to solve their problems.” “More money seldom solves someone’s money problems.” “The number-one expense for most people is taxes.” “Most people don’t understand why they struggle financially because they don’t understand cash flow.” “Cash flow tells the story of how a person handles money.”

“Money often makes obvious our tragic human flaws, putting a spotlight on what we don’t know.” “Illiteracy, both in words and numbers, is the foundation of financial struggle.” A liability takes money out of your pocket. “You must know the difference between an asset and a liability and buy assets.”Īn asset puts money in your pocket. “Intelligence solves problems and produces money.” “Thinking that a job makes you secure is lying to yourself.” “So many people say, ‘Oh, I’m not interested in money.’ Yet they’ll work at a job for eight hours a day.” “People’s lives are forever controlled by two emotions: fear and greed.”

“Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.” “There is a difference between being poor and being broke. Lesson 6: Work to Learn-Don’t Work for Money.Lesson 4: The History of Taxes and The Power of Corporations.Lesson 2: Why Teach Financial Literacy?.Lesson 1: The Rich Don’t Work for Money.

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The rich dad's guide to investing pdf