Title: Rich Dad-Why Rich People Get Richer and Richer

Translation: Zhu Qinlu

Publishing House: Sichuan People's Publishing House

Edition: 1st edition in November 217?

Print: November 219, the second time

Reading time: May 7, 22

? By May 17th, 22

The difference between the rich and the poor mainly lies in the way of thinking, that is, the fundamental reason for the difference between the rich and the poor is that the ideas of the rich are completely different from those of the poor! It is a different way of life for the rich and the poor to earn money by selling their labor and time to work and to win with Qian Shengqian's investment.

The theoretical basis of the whole book is based on the following picture. Please compare which quadrant you are in.

What is a real rich man

1. The rich don't make money by selling their labor and time, and don't work for money;

2. You can make money even if you are in bed, turn debt into a means of making money, use tax law and debt, legally increase your phantom income (invisible income), and use Qian Shengqian (real estate investors are real people who use Qian Shengqian);

3. Debt and tax are ways for the rich to make money, while debt and tax make middle-class and small business people poorer and poorer.

The core phantom income is the biggest difference between the poor and the rich. That is: invisible income, such as buying a car, people who know financial business will not directly use salary savings to buy it, but borrow money to pay the down payment, use their own savings to buy a property that can generate cash flow, and use the rent of the property to pay for the loan of the property and the loan of the car, thus saving the salary tax. The legal income without tax is called phantom income.

Basic literacy of the rich

Skills (earning a living)+Financial Quotient (wisdom to become rich)+Perseverance/determination (adversity quotient)+Action (integration of knowledge and practice)+Ability to control wealth

How to become rich

Constantly improve financial Quotient, create passive income+build multi-channel income+reasonable investment

Risk

Working.

Wall Street is such a strange place, where people who come by Rolls-Royce are instructed by those who squeeze into the subway. -Buffett's Quotations

Real financial education must include financial history so that you can see the future.

In p>28, the largest banknote printing operation in history was euphemistically called quantitative easing.

Many people fail in life because they give up before they realize how close they are to success.

if you argue with one fool, there are two fools.

if you want to get out of hell, then you must keep going.

Enlightenment

A successful person is not necessarily a rich man with financial freedom. A truly rich man may not be a "successful person" in the traditional sense, but he is definitely a free man with free time and financial freedom.

The biggest difference between poverty and affluence lies in the way of thinking. As an ordinary person, how to achieve financial freedom, in addition to constantly improving his financial quotient, he should also stimulate the desire to acquire wealth and the firm will not be afraid of failure. The trilogy of increasing wealth:

1. Starting from ordinary income, increasing wage income is the benchmark value;

2. Create your own portfolio income, through wealth management, fixed investment funds, stocks and other investments (determine the investment that can protect the capital);

3. Create cash flow, increase passive income and increase phantom income.

Practice is the only way to test the truth, and change begins with the change from thought to action.

? Enyi

? At 2:5 pm on May 18th, 22.