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HC Tang
09 Apr 2019
Financial Enthusiast, Budgeting at The Society
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Hello!
I would recommend the book Rich dad,poor dad by Robert Kisoyaki!
The book is about the author narrating the money lessons that he has learnt from over the years from two fathers with different mindsets when it comes to money. The poor dad, the educated one made money mistakes and was stuck in a 'rat race'. While the rich dad taught him to move ahead with a bold mindset.
Here are some of the key takeaways from the book.
1) The rich don't work for the money
2) Financial literacy is of great importance; "Money without financial intelligence is money soon gone" accorind to Robert Kisoyaki
3) It is important to know the differnce between assets and liabilities. An assest is something that brings you money while a liability is something that takes money out of your pocket.
4)The rich acquire assets, the poor and middle class acquire liabilities that they think are assets.
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Hello!
I recommend Morningstar's "The Five Rules for Successful Stock Investing" by Pat...
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Consider sgbudgetbabe recommendations at:
http://www.sgbudgetbabe.com/2017/07/recommended...
and start reading! :) Enjoy!