8 Critical Lessons from Rich Dad Poor Dad by Robert Kiyosaki (🧵)
1. Making money work for you: Money utilization is a crucial factor separating the middle-class from the rich. The rich get richer by laboring all their money👇
If you work for #money, you will run short of time making money. Investing in Assets is the way to create #wealth 👇
2. Be braver: Our schools instill a sense of "work for money" in us. It does not always pay off.
Schools are built on the premise of building a workforce for #companies and institutions 👇
Take better control of your life by pushing yourself above this rat race. If you seek to take control, be braver👇
3. Financial Literacy, The Magic Wand: Wealth is never about how much you can earn, but how much you can preserve, and #invest
There is a difference between making money and keeping money. Financial Literacy will make you realize just how useless most of your expenses are👇
4. Mind your own business: Sounds daunting, right? The very thought of minding one's own business can be intimidating. However, with little steps, you can make it big👇
Owning a Business does not always mean just business. You can even own #Stocks, #RealEstate, Bonds 👇
5. Know the difference between assets and liabilities: We are all aware of both bookish definitions. However, do we stop and think if an #investment we make is an asset or a liability? 👇
The rich add assets to their portfolio. That's their secret. 👇
The poor, on the other hand, add liabilities unknowingly👇
6. Your mind is your best asset: You know what makes you, YOU? Your thought process. Use that to take some risks. Intelligent minds don't always rule the world. Brave minds do, too👇
When it comes to #Finance, the poor and middle-class play it safe👇
The rich put their Financial IQ to use and generate assets that do the job for them👇
7. Stop relying exclusively on Financial Advisors: Kiyosaki once said, "Learn how to invest because nobody will do it better than you" 👇
While it is always helpful to take the help of an expert, it is also imperative that you take better control over your Finances👇
8. Choose several workstreams: The worst mistake we can make is to bank on a single source of #income.
Learn to choose more streams from which you can generate money and develop #assets👇
Elon Musk and Twitter just announced that they are joining hands.
So, what's in store for Twitter's future?
Here are some of the earliest predictions (🧵)
1. Free Speech: Elon Musk has mentioned time and again that Twitter serves as a "De Facto Public Town Square", and failing to adhere to Free Speech Fundamentally undermines democracy👇
So, we can expect some changes in content moderation in the future. Whether this would be counter-productive remains to be seen👇
1. Trendlines: The Simplest of them all. After determining the trend's direction(quickly done using Swing High and Lows)👇
A sequence of higher highs, followed by a series of higher lows, constitute an #uptrend. Similarly, a line of lower lows and lower highs include a #downtrend👇