The Formula to Become Rich

Don't buy liabilities, which we discussed before, like a personal house and a car. Don't buy just supernice clothes andand things for fun. Not in the beginning, not until you're rich. Buy a lot of assets. That's your business. Parents need to teach their children this information. The children need to learn the difference between an asset and a liability. Keep your expenses low. Reduce your liabilities. Can't usually eliminate them, but you can reduce them. Start buying real assets with your money. And then diligently means, with a lot of effort, build a base of solid assets,. meaning buy a number of assets.