Sunday, October 14, 2018

15 Lessons Rich Parents Teach Their Kids That The Poor Don’t on the Kyle Phoenix Blog

1. Understanding how money works 2. The difference between an asset and a liability 3. They’re not entitled to anything 4. How to be sociable and connect with other people 5. Stop expecting immediate results and avoid magical thinking 6. How to create daily habits that on the long run, give them incredible advantages 7. Money is a tool and a good thing 8. Increase income instead of lowering expenses 9. Knowledge is more valuable than money on the long run 10. Don’t work for money, have it work for you 11. Solving problems is the quickest way to get rich 12. Don’t waste time on things that correlate to the real world 13. How to use good debt instead of bad debt 14. 80% of results come from 20% of effort 15. Having money does not make you a better person, it just solves some of the problems.

Smile, Kyle


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