Learn From This Story
The No. 1 expense for most people is taxes. Their spending habits have caused them to seek more income.They don't even know that the trouble is really how they choose to spend the money they do have, and that is the real cause of their financial struggle.The power of the sword, the jewel and the mirror.Remember the golden rule. He who has the gold makes the rules.Many great financial problems are caused by going along with the crowd and trying to keep up with the Joneses. The most important rule is to know the difference between an asset and a liability. Once you understand the difference, concentrate your efforts on only buying income-generating assets.Definition of wealth by Buckminster Fuller:Wealth is a person's ability to survive so many number of days forward... or if I stopped working today, how long could I survive?Just remember this simple observation:The rich buy assets.The poor only have expenses.The middle class buys liabilities they think are assets.
By Robert T. Kiyosaki
http://sunset.usc.edu/Research_Group/
