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Save and invest a portion of your earnings from "summary" of Rich Dad Poor Dad for Teens by Robert T. Kiyosaki
One important lesson that my rich dad taught me is the importance of setting aside a portion of your earnings. This means that when you receive money, whether it's from a job, allowance, or any other source, you should always save some of it for the future. This might seem like a simple concept, but it can have a big impact on your financial future. Saving money is like building a safety net for yourself. It's important to have money set aside for unexpected expenses or emergencies. By saving a portion of your earnings, you're preparing yourself for whatever life may throw your way. This can help you avoid getting into debt or financial trouble when unexpected expenses arise. But saving money is just the first step. My rich dad also emphasized the importance of investing a portion of your earnings. Investing is about putting your money to work for you, so that it can grow over time. This can help you build wealth and achieve your financial goals. There are many different ways to invest your money, from stocks and bonds to real estate and starting your own business. The key is to find investments that align with your financial goals and risk tolerance. By investing a portion of your earnings, you're giving your money the opportunity to grow and work for you.- Saving and investing a portion of your earnings is a key principle in building wealth and achieving financial success. By setting aside money for the future and putting it to work through investments, you can secure your financial future and work towards your goals. So remember, always pay yourself first by saving and investing a portion of your earnings.
