6 ms·
Going to echo this one. Plus the following two books: 1/ Richest man in Babylon 2/ Rich Dad, Poor Dad. Both written for the simplest of readers but great advic
by davidhegarty 8y ago
Going to echo this one. Plus the following two books:
1/ Richest man in Babylon
2/ Rich Dad, Poor Dad.
Both written for the simplest of readers but great advice clearly told.
(Summaries are probably good enough)
- EnFinlay 8y agoSummary of Rich Dad, Poor Dad: Assets are things that give you money. Liabilities are things that cost you money. Therefore your house is a liability until it is sold, at which point it MIGHT be a net asset. Try to maximize your assets and minimize your liabilities. It sounds simple, and it is, but that's the primary lesson in the book IMO. It's eye-opening the first time you see things that way.
- 0x4f3759df 8y agoThe greater point is if you become a landlord, you get rich with the bank's money.