You know why the rich get richer? Robert Kiyosaki says the main difference between poor and rich is what a person buys. He authored Rick Dad Poor Dad where he explains the poor man’s downfall in detail (sort of). I say “sort of” because he doesn’t really give you a step-by-step blueprint. But Robert does enlighten readers with the BIG PICTURE. Rich people buy assets while poor people buy liabilities. The weird thing is that many people buy things with the intention to bolster their status. The irony is that most of those things prevent them from improving their financial situation. I know a friend that struggles to pay his bills yet still has an iPhone 6. To me, that’s disturbing. I know the irresponsible reaction to my opinion is probably along the lines of “YOLO” Which is true… You do need to consider short term happiness bursts that can be expensive. Travelling is a great example of a worthwhile liabili...
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