Rich Dad Poor Dad (Deluxe) cover art

Rich Dad Poor Dad (Deluxe)

Rich Dad Poor Dad (Deluxe)

By: Team Sarezah
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 The journey to financial freedom, as outlined in the principles of "Rich Dad Poor Dad," hinges on a crucial mental shift from the conventional wisdom of a "poor dad" to the strategic mindset of a "rich dad." This transformation begins with rejecting the notion of simply working for money and instead learning to make money work for you. The core of this philosophy lies in financial literacy: the ability to understand the fundamental difference between an asset, which generates income, and a liability, which creates expenses. While the middle class focuses on their income statement and often acquires liabilities they believe are assets, like a primary residence, the wealthy focus on building their asset column with items like businesses, stocks, and income-generating real estate. Ultimately, escaping the "rat race" of working harder only to pay more in taxes and debt requires self-discipline, a continuous education in how money operates, and a focus on minding your own business by diligently building a portfolio of assets that can provide financial independence.

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Team Sarezah Economics Leadership Management & Leadership Personal Development Personal Finance Personal Success
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