And while I am glad people have been getting...
And while I am glad people have been getting richer and richer, I only caution that in the long run, it's not how much you make, it's how much you keep, and how many generations you keep it

So when people ask, "Where do I get started?" or "Tell me how to get rich quick," they often are greatly disappointed with my answerI simply say to them what my rich dad said back to me when I was a little kid"If you want to be rich, you need to be financially literate

That idea was drummed into my head every time we were togetherAs I said, my educated dad stressed the importance of reading books, while my rich dad stressed the need to master financial literacy

If you are going to build the Empire State Building, the first thing you need to do is dig a deep hole and pour a strong foundationIf you are going to build a home in cartier watches women the suburbs, all you need to do is pour a 6-inch slab of concreteMost people, in their drive to get rich, are trying to build an Empire State Building on a 6-inch slab

Our school system, having been created in the Agrarian Age, still believes in homes with no foundationDirt floors are still the rageSo kids graduate from school with virtually no financial foundationOne day, sleepless and deep in debt in suburbia, living the American Dream, they decide that the answer to their financial problems is to find a way to get rich quick

Construction on the skyscraper beginsIt goes up quickly, and soon, instead of the Empire State Building, we have the Leaning Tower of SuburbiaThe sleepless nights return

As for Mike and me in our adult years, both of our choices were possible because we were taught to pour a strong chanel bags and wallets financial foundation when we were just kids

Now, accounting is possibly the most boring subject in the worldIt also could be the most confusingBut if you want to be rich, long term, it could be the most important subjectThe question is, how do you take a boring and confusing subject and teach it to kids? The answer is, make it simpleTeach it first in pictures
My rich dad poured a strong financial foundation for Mike and meSince we were just kids, he created a simple way to teach usFor years he only drew pictures and used wordsMike and I understood the simple drawings, the jargon, the movement of money, and then in later years, rich dad began adding numbersToday, Mike has gone on to master much more complex and sophisticated accounting analysis because he has had toHe has a billion-dollar empire to runI am not as sophisticated white chanel purse because my empire is smaller, yet we come from the same simple foundationIn the following pages, I offer to you the same simple line drawings Mike's dad created for usThough simple, those drawings helped guide two little boys in building great sums of wealth on a solid and deep foundationYou must know the difference between an asset and a liability, and buy assetsIf you want to be rich, this is all you need to knowThis may sound absurdly simple, but most people have no idea how profound this rule isMost people struggle financially because they do not know the difference between an asset and a liability
"Rich people acquire assetsThe poor and middle class acquire liabilities, but they think they are assets"
When rich dad explained this to Mike and me, we thought he was kiddingHere we were, nearly teenagers and waiting chanel 5 ladies handbag au for the secret to getting rich, and this was his answerIt was so simple that we had to stop for a long time to think about it
"What is an asset?" asked Mike
"Don't worry right now," said rich dad"Just let the idea sink inIf you can comprehend the simplicity, your life will have a plan and be financially easyIt is simple; that is why the idea is missed
"You mean all we need to know is what an asset is, acquire them and we'll be rich?" I asked
Rich dad nodded his head
"If it's that simple, how come everyone is not rich?" I asked"Because people do not know the difference
between an asset and a liability
I remember asking, "How could adults be so sillyIf it is that simple, if it is that important, why would everyone not want to find out?"
It took our rich dad only a few minutes to explain what assets and liabilities pink louis vuitton bag wer