Manage your money wisely
from Rich Dad Poor Dad for Teens: The Secrets About Money - That You Don't Learn in School! by Robert T. Kiyosaki
How to Apply This
-
Limit your expenses.
Buy only your necessities, and then treat yourself once in a while. Always keep your expenses below your income. -
Split what’s left into three buckets.
Giving, Saving, and Investing. Give to charities or help those around you who are in need, save some for a rainy day, and invest more money than you save. Buy stocks, bonds, or start a small business with friends. -
Always re-invest.
You might be tempted to use the money earned from your investment to pay bills or treat yourself. Resist that temptation and always put the money gained back into stocks, bonds, or your business until you’ve at least doubled what you initially invested.
Why Use Mentorist?
- Track your progress and build lasting habits
- Get personalized reminders to stay on track
- Access hundreds of book summaries with actionable steps
- Transform knowledge into action in just 15 minutes a day
Ready to Take Action?
Download Mentorist to track your progress, get personalized reminders, and turn this insight into a lasting habit.