Rich Dad, Poor Dad

Description

The poor have day-to-day expenses, the middle class purchase liabilitiesthat they think are assets (i.e., a home or a car), and the rich build a solid base of income-generating assets.
The middle class finds itself in a constant state of financial struggle. Theirprimary income is wages, as wages increase, so do their taxes. Expenses increase as wages increase. Hence the phrase “the rat race.” They treat their home as their primary asset instead of investing in income generating assets. The rich get richer because they keep acquiring more assets and
investments to generate more income, which far exceeds their expenses.