Rich Dad, Poor Dad
Robert T. Kiyosaki
Pay yourself first. Let assets build up in worth, then buy liabilities and pay bills.
Assets = stocks, bonds, real estate, notes (IOUs), intellectual property
Liabilities = mortgage, consumer loans, credit cards, car payments
Income = dividends, interest, rental income, royalties
Expenses = taxes, food, mortgage/rent, clothes, fun, transportation
To avoid income taxes, form a corporation, funnel everything throughout that and pay less. (Donald Trump?)
If you work a salaried position, work to learn and not for the money. Translate that learning into a marketable skill.
Change your think from “I can’t afford it” to “How can I afford it?” In what ways can you earn more money?
Don’t dip into your savings for any reason except medical emergencies.
Make your money work for you.
Profit is made when you buy, not when you sell.
It’s not about how much you make, being rich is about how much you keep.