Winstonlou
2022-04-29

An interesting book that I read was Rich Dad Poor Dad by Robert Kiyosaki. 

Quoting from the book, these are some thing s that everyone should know:

"1. Accounting

Accounting is financial literacy, or the ability to read numbers. This is a vital skill if you want to build businesses or investments.

2. Investing

Investing is the science of money making money.

3. Understanding markets

Understanding markets is the science of supply and demand Alexander Graham Bell gave the market what it wanted. So did Bill Gates. A $75,000 house offered for $60,000 that cost $20,000 was also the result of seizing an opportunity created by the market. Somebody was buying, and someone was selling.

4. The law

The law is the awareness of accounting corporate, state and federal regulations. I recommend playing by the rules."

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Comments

  • Toby_Chua
    2022-05-01
    Toby_Chua
    Should read this book at younger age to know how to money makes money....using own labor hour to trade for money is hard work n don't allow any leeway...passive income starts young way to go
  • DouglasMalan
    2022-04-29
    DouglasMalan
    even know the law is important but its hard to learn for me hmm
  • jimstocker
    2022-04-30
    jimstocker
    i like this book written by Mr kiyosaki, it teach us how to manage our wealth.
  • JessieTheresa
    2022-04-29
    JessieTheresa
    Let money works for us
  • WendyDelia
    2022-04-29
    WendyDelia
    thanks for sharing. nice points
  • asr68
    2022-05-02
    asr68
    good collection
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