User:Mac672/Rich Dad

So what is the real purpose of Rich Dad Poor Dad?
To teach you the importance of becoming financially literate.

Many people go through life and they find themselves struggling because they are not educating themselves. Becoming financially literate. Learning the basics of your finances can change your live profoundly. The biggest lesson and take away from this reading is that the rich buy assets NOT liabilities. Assets will build your cash flow and allow you to have passive income to either reinvest or personal spending. The biggest mistake most people make is buy a house because they think it is an asset. But it is not. At least not the way the rich see it. How house comes with a mortgage and that is a liability. The way the rich go about is they would invest is assets, such as real estate. By investing in these assets, they are having their money work for them. And that is the key. Have your money work for you. The cash flow they get from theri assets is what they use to buy a house and in sense the house cost them nothing becuase their money is working for them.

So remember: Have your money work for you.