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RE: Hypocrite Dad, Hypocrite Dad

in #money7 years ago

While the book has been written a long time ago and may appear outdated, there are still values that are applicable therein. Here are some of the goodies that really affected my life so positively:

  1. You don't necessarily deal with money as if it is physical to have it. In essence, you don't work for money, but make money work for you.
  2. While you don't necessarily have to be a math genius, it is important to gain some financial literacy. The lack of financial literacy can be quite imminent in the poor, as they do not even understand the turnover of their finances
  3. It may appear selfish to some, but it is important that you 'mind your business'. What should you mind, really, if not your bizness?
  4. The rich aspire to own their corporation where they can employ labor and pay employees, while the poor look forward to gain secular education with the aim of working for corporations and get paid. The rich pay themselves first before paying either their employees or taxes, while the poor pay taxes first before thinking of paying themselves, and most times do have little or nothing to pay themselves.
  5. The rich often build up their asset column, making every dollar work for them, while the poor often compound their liability column; things that will always make them spend unnecessarily.
  6. The rich work to learn, even when the pay is not too good, so long the experience will create wealth for them
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    I didn't argue about the values. I argued about the general take.

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