Topic > Rich Dad and Poor Dad Analysis - 945

Therefore, he emphasized "The importance of financial literacy", meaning that people need to learn how to make money work for them. Although the idea seems complex, it is very simple; Kiyosaki is telling us to control our assets and liabilities by increasing our investments and decreasing our expenses. Simple math: manage your income, so that inflows are always greater than outflows; so, never spend money you don't have. Furthermore, it tells us that “Rich people don't work for money”, which is the same concept given from the perspective of the rich. Rich people don't work for money, they "work to learn", therefore always acquiring knowledge that can help them in a future project or business venture. As a result, “Rich people invent money,” meaning they don't wait for a job to generate income, they have developed business strategies to open their own business and/or invest in real estate or stocks that provide them with a steady source of income . . Likewise, “How to Get the Right Start in Investing” emphasizes the importance of income-generating strategies such as purchasing mutual funds, CDs, stocks and/or bonds. Already overwhelmed? No problem, the article breaks it down for us into seven simple steps that can help us get started investing. First, “choose the right mix of assets to achieve your financial goals before purchasing any investment.” Everyone has different goals;