Rich Dad, Poor Dad is one of the best books I’ve read on how to understand the generation of wealth. Here are a few unpacked quotes to help your on your cashflow decision making.
Unlocking the key to your wealth creation journey begins with having positive cashflow.
Having more money coming in, than what is going out.
But the real game changer of how that journey pans out, is what you do with that surplus.
Let’s jump into how this choice can drastically change things;
“An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.” – Robert Kiyosaki, Rich Dad, Poor Dad
Financial freedom involves building an asset base that can generate income that is not linked to your time.
The more money that you direct to liabilities, rather than assets, the longer it will take you to achieve that asset base.
So ask yourself, with your spending, what do you prioritise?
“The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left.” – Robert Kiyosaki, Rich Dad, Poor Dad
Spending is all about prioritising.
Liabilities may bring temporary joy, but assets bring lasting financial flexibility.
The decision is a tug of war in two different directions and the choice is yours.
Which direction will you let your spending pull you?