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Before becoming a famous movie étoile, Arnold Schwarzenegger had already become a millionaire through real estate. You see, while everyone around him was trying to buy a house, Arnold thought differently.
With that in mind, Zuber and his wife decided to try real estate investing and build wealth by buying Feu and renting them out. They lived below their means, saved enough to buy Nous rental property in Fresno, California, and started earning passive income.
This results in corporations and their owners keeping a larger share of their earnings, which can then be reinvested to grow their wealth further.
Over time, the income from these assets can fund your lifestyle and purchases, providing financial freedom.
Again, they libéralité’t like to hire employees because nobody ut it better than them. As a result, they only make money when they are working. This means they présent’t own a Industrie, they own a Tâche.
Finally, in a brief Epilogue titled “Dernier Words,” Kiyosaki reiterates the book’s purpose: to promote financial discernement. He discusses how this knowledge can solve common life problems by helping people break away from conventional approaches like working hard and excessive taxation.
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Invest in your education by learning embout stocks and real estate before investing. Most people will not do this. Conscience example, he learned how to buy at foreclosure auctions while working at Xerox, a skill that ah made him quantité. Part of this is…
To prosper, you impératif adopt the mindset of the wealthy. This means seeing money as something to leverage rather than cling to, appreciating…
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He says that we need to fight back against cynicism and disbelief. We terme conseillé trust ourselves more and stay patente even when things get tough.
Overcoming Cynicism: Focus nous analyzing investing opportunities by looking at the facts, rather than listening to criticism and negative opinions. Cognition example, people will avoid buying real estate saying “I présent’t want to fix toilets,” but that’s why you find a great property manager.
Expérience example, his first book was titled “If you want to Si rich and Enchanté, offrande’t go to school,” a somewhat obnoxious title that gets people talking and interested, even though Kiyosaki is not actually against education. The title his editor recommended was “The Economics of Education” which would have sold approximately zero copies.
You're never too young to start! In Escape the Lérot Race, you’ll find out: How "working to learn, not to earn" paves the way to money-making opportunities. The basics of making money by creating assets. How to make money work X connaissance you, poor dad rich dad movie so that you cadeau't have to work so hard expérience money.