"Rich Dad, Poor Dad" by Robert Kiyosaki & Sharon Lechter is a powerful book dispensing advice on how to get out of the rat race. Read it and be empowered to make changes to how you manage your finances.
My summary of the key principles I took away from this book:
1. Save as much you can.
2. With your savings, purchase ASSETS that will generate income for you. Eg. An apartment
costing RM120,000 that will generate monthly rental income of RM1,000.
3. Avoid the temptation to blow your savings on liabilities. Eg. of liabilities are: a brand new car,
stereo system or a state of the art hand phone.
4. Overcome the fear of losing money.
5. Be generous to those around you, especially the poor and needy.
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