I hope this motivate someone
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Few out of the numerous lessons I got from Rich dad and poor.
I hope this motivate someone
- know the difference between an asset and a liability.
Simple and straightforward definition,
An asset brings money into your pocket while a liability takes money away from your pocket. Many people thinks building or buying a house is an asset, hell no, it is a liability. Many other expenses comes with it. I am not saying we shouldn't build or buy house but before you do get an asset that will cater for that or except you want to start a real estate business. - Make sure your expenses is far less than your income so that you can have excess to buy assets
- It is said that the rich buys asset, the poor has expenses and the middle class buys liability
- Got this from a movie, no one that is truly rich that does not own something. Something in the sense of an asset that brings money to their pocket,
- Make sure your expenses is far less than your income so that you can have excess to buy assets
- It is said that the rich buys asset, the poor has expenses and the middle class buys liability
- Got this from a movie, no one that is truly rich that does not own something. Something in the sense of an asset that brings money to their pocket
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Happy Sunday to you all