![]() Schwab, before releasing this 1937 best-seller. Journalist Napoleon Hill studied more than 500 self-created wealthy men, including Andrew Carnegie, Henry Ford, and Charles M. Quote from the “Rich Dad Poor Dad” Book 3. “The key to financial freedom and great wealth is a person’s ability or skill to convert earned income into passive income and (or) portfolio income.” ![]() He underlines the critical distinctions between an asset and a liability. Also, he describes the distinctions between how rich people and average people choose to get paid. By telling the story of his dad and the father of his best friend - he makes it clear how to build wealth even with a small salary.Īdditionally, Kiyosaki challenges the well- known belief that your house is an asset. In this best-seller, Kiyosaki breaks the myth that to get reach, mentioning that you need to earn a lot of money. Quote from the “The Richest Man In Babylon” Book. “Budget thy expenses that thou mayest have coins to pay for thy necessities, to pay for thy enjoyments and to gratify thy worthwhile desires without spending more than nine-tenths of thy earnings.” Paying yourself first and spending money only on what you can afford, this is what’s important. To get rich, you should master a few simple concepts. It appears that the “secret” isn’t much of one. ClasonĪlmost a century ago, Clason exposed the “ secret” to gaining wealth in his 1926 personal finance classic. ![]() “How Rich People Think” – Steve Sieboldġ. “The Little Book of Common Sense Investing” – Jack Bogle “The Intelligent Investor” – Benjamin Graham ![]()
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