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jueves, 19 de septiembre de 2024

15 Lessons Rich Parents Teach Their Kids

Alux.com

  1. Understanding how money works. Concepts of value. Put the topin oveer the table.
  2. The difference between asset and liability. Does it generates money?
  3. They are not entitled to anything. Focus on growth. The road is long.
  4. How to be sociable and connect with other people. Better environment around them.
  5. Increasing income instead of lowering expenses. Focus on how to increase money.
  6. How to create daily habits that give them incredible advantages. Compounding.
  7. Money is a tool, and it's a good thing. Exchange tool. Learn how to use it.
  8. Stop expecting immediate results and avoid magical thinking. 
  9. Knowledge is more valuable than money in the long run. You can create value.
  10. Don't work for money. Have money work for you
  11. Solving problems is the quickest way to get rich. Focus in big problems.
  12. Not to waste time on things that do not correlate to the real world. College education.
  13. How to use good debt instead of bad debt. Leverage. Dividends.
  14. 80% of the results come from 20% of the effort. Pareto. Focus on what is important.
  15. Having money doesn't make you a better person. Teach humility.
  16. Teach them to raise their expectations.