What Schools Will Never Teach You About Money By Robert T. Kiyosaki

Poor people focus only on the expense column.
They earn enough 
to survive day to day with a roof over their heads, food on the table, 
gas in the car, and clothes on their backs. It is not a matter of how 
much they make. It is what they think is important. There are many 
people who make a lot of money, but spend it all through the expense 
column. They live paycheck to paycheck, even if they make a lot of 
money. They have no future because they live for today.
The middle class focuses on the liabilities column. 
They want 
liabilities that improve their lifestyle. For the middle-class lifestyle, 
looking rich is more important than being rich. They want a bigger 
house, cars, fine food, vacations, education, and life’s luxuries… all 
paid for with debt. They spend more money than they make, and sink 
deeper and deeper into debt. Rather than buy an apartment house, 
they buy a bigger house in a better neighborhood that puts them in 
a better school district. If they invest, they turn their money over to 
financial planners because they would rather enjoy life than take classes 
and learn how to manage their own wealth.
the poor
focus here
Assets
BALANCE SHEET
Liabilities
Income
Expenses
INCOME STATEMENT
the
middle
class
focus here
the rich
focus here
Assets
BALANCE SHEET
Liabilities
Income
Expenses
INCOME STATEMENT

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Chapter Five
Unfair Advantage
175
174
FAQ
But if you’re acquiring assets for cash flow, aren’t you still working
for money?
Short Answer
Yes, but there are differences. The difference is why the rich get richer, 
regardless of the economy.