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Childhood Lesson on Money's Value
- Robert did not tell his poor dad about not getting paid while working with Mike for three weeks.
- Rich dad used escalating hourly wages to test their emotional response to money and their value beyond money.
Money Controls Emotions and Souls
- Most people have a price because of emotions named fear and greed controlling them.
- Money controls their emotions and souls, causing them to react emotionally rather than think rationally.
Fear and Greed Fuel the Rat Race
- Fear of lacking money motivates work, while greed increases spending leading to a cycle.
- This cycle of working for money and increasing spending is called the 'rat race'.