Robert Kiyosaki, the author of Rich Dad Poor Dad
This is an entrepreneur who has influenced the financial intelligence of a generation, and he is even the enlightenment teacher of financial intelligence for more people.
Li Xiaolai, Sun Ge, Bao Erye, Zhou Wenqiang, etc., who we are familiar with, all started their life wealth journey by listening to his class.
The course "The Road to Financial Freedom" is regarded as a criterion by many people.
One of his core ideas is not to work for money, but to work for assets.
All your labor should be to earn assets.
First, use time, energy, education, connections...all resources. Create assets that can bring cash flow.
Use the cash flow brought by assets to bring you a steady stream of income. In this way, you can achieve passive income. You can get a steady stream of income without relying on specific labor. It can also be understood as pipeline income!
And he himself bought a large number of low-priced properties (more than 10,000 properties) by borrowing (300 million US dollars) during the 2008 economic crisis, thus achieving complete wealth freedom.
From an investment perspective, it is called buying assets rather than liabilities.
Assets are what allow money to enter your pocket actively.
Debt takes money out of your pocket.
Real estate is no longer the best cash flow target. So he has been advocating the purchase of Bitcoin on social media in recent years. [呲牙][呲牙]$BTC