Read Time: 1.08 minutes
You need to be clear about two things, if you want to have Financial Freedom. Those will take you every step closer to your goal.
Last year, I got aware of financial freedom. Cause I am lazy and get bored working long hours. And started searching for YouTube videos, blogs, and books to get related information.
I came across many books but choose Rich Dad Poor Dad to read first.
One review made me read it.
"If you want to know what rich people do differently than poor people. Then you should read this book."
It was the best decision to teach me about financial freedom. I was really dumb not studying how money works for so long.
You can almost say that 90% of people are not aware of it. They never study how money works. They know only one-way work and get paid.
Two Main Things
"Rich Dad Poor Dad" by Robert Kiyosaki teaches two main things with his life story.
- Liabilities
- Assets
How his dad buys new things or invests money is really worth reading. In every example, he simply showed what is liability apart from assets.
Liability is anything that takes money from your pocket.
An asset is anything that puts money in your pocket.
And without working you. As time goes liabilities will spend your money and asset will credit to your bank account.
Acquire as many assets as you can, so you don't have to invest your own time and money will keep coming into your account automatically.
You need to check which way works for you. In Software Industry, apps created like Whatsapp, Facebook, Instagram, Tinder, etc. automate income. Blogging works! Production of homemade product works!!
You need to check what you are passionate about and what works with you.
