Rich Dad Poor Dad provided a visual no one ever took the time to explain. You either work for money (1st example) or have money (2nd example) work for you.
- Earn
- Pay taxes
- Spend
Or….
- Earn
- Spend
- Pay taxes
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Tag: Career
If You Never Work Again
An elementary example: Say your expenses are $2,000/month. And your income (from whatever sources) is $1,000/month. You could live for two weeks without having to work again.
But if your income is raised to $2,000/month, you’d never have to work again.
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Wealth
I used to think wealth was a certain dollar amount. It’s not.
Wealth is how long you can live without having to work again.
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Two Books
If you think your home is your biggest investment, you’re in trouble. And if you think you’re going to live for a long time, you’re also in trouble.
Reading Rich Dad, Poor Dad changed the way I think about money. And reading The Last Lecture changed the way I think about faded childhood dreams.
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1st Trillion $
The problem is never how to get new, innovative thoughts into your mind, but how to get old ones out. – Dee Hock, Visa International (1st Trillion dollar Company)
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