“The wealthy focus on their asset columns while everyone else focuses on their income statements.”
— Robert Kiyosaki
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Simplified Meaning:
Rich people think about building and growing what they own, like properties or investments. Meanwhile, most others just think about how much money they earn from their jobs. When you concentrate on assets, you're looking at things that can make you money over time, even when you’re not working. For example, someone might buy a house and rent it out. The rent money is ongoing income. On the flip side, if you only focus on your paycheck, you might spend it all and have nothing left. To apply this, people can try to save and invest, rather than only spending what they earn. This way, over time, their money works for them, creating a more secure financial future.
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Assets Financial advice Financial literacy Financial planning Income Investing Money management Personal finance Wealth Wealth buildingFEATURED QUOTES
