5 THINGS TO LEARN TO ACQUIRE WEALTH
1. Don’t work for money: Rich people focus on building assets. Every dollar in their asset column works for them, creating more wealth.
2. Don’t be controlled by emotions: Fear and greed trap people in a cycle of working for money. Educate yourself to avoid being driven by these emotions.
3. Acquire assets: Avoid buying liabilities like cars and luxury items early. Invest in assets first, and let those assets fund your luxuries.
4. KISS principle: Keep it simple. Assets put money in your pocket, liabilities take it out. Always focus on buying assets.
5. Know assets vs. liabilities: Assets generate income (stocks, real estate, crypto); liabilities drain money (house, car, debt). Be clear on the difference.
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