The essence of this book expresses two different wealth concepts: one is to make money stably and justly, so as to have a sense of security and hope to have a stable wage income; One thinks that a stable job is better than bankruptcy, so as to continuously increase one's assets and pay expenses through the income from investing in assets. If cash flow is used more directly, it means that poor fathers get debts, but they think those liabilities are assets, while rich fathers get assets.
The problem is that we borrow money to buy a house. Is this house a debt or an asset? The answer given in this book is that buying a house is just to get a mortgage to pay for the rising expenses. A house bought with a loan can only be regarded as a debt. Once we buy a house with a loan, we will continue to work, pay back the bank and all kinds of expenses and taxes related to the house. That is, the income works for the employer, the expenditure works for the government and the debt works for the bank. If you don't have a job, you may even find it difficult to survive, and wealth is the ability to support a person for how long.
In fact, everyone's concept of financial management has changed now, but they basically make some steady investments with little return. Why are stocks so hot? Because stocks can be speculated, let's look at a phenomenon: when supermarkets have a big sale, consumers are crazy, while when the stock market falls, investors often choose to flee and cut their meat to sell; When the supermarket price rises, sellers will choose to buy from other stores, while when the stock market rises, investors tend to buy a lot of stocks. Think about this? In reality, some scenes in the stock market often have an essential reversal. Why? Because we are both greedy and afraid, greed makes some of us enter the stock market, buy when we see the rise, and fear makes us throw it crazy when we fall. Including some bad financial events at present, in fact, the premise of these accidents is almost always our greed. We want to be greedy, but we don't want to take risks. How can the road to wealth not fail? Who among the famous investors has not encountered Waterloo? This is just spreading the risk. Therefore, if you gain something, you must pay something first.
I feel a little confused. Finally, in today's rapidly changing society, you can't learn too much, because when you learn, it is often out of date. The question is how fast you learn. This skill is priceless. The only asset you really have is your mind. At the same time, use the desire of consumption to stimulate and use personal financial talent to invest.