Second day of February monthly prompt

Namastey 🙏🏻🇮🇳

Hello friends,how are you all?? wishing you all happy and prosperous life ahead.

Today i would like to participate in the February initiative by @leo.task is to make a post on the topic as Feburary Calendar 🗓️, As i was not aware of it yesterday so didn't participated, So today is 4 Feburary, The topic is Book you Recommend So i would like recommend one of most interesting finance related book i.e. Rich Dad Poor Dad 1997 book written by Robert T. Kiyosaki and Sharon Lechter. As inleo is totally related to finance so will definitely will you suggest to read this book atleast once in your life, as it show the importance of financial education, financial independence and how to make huge money through investing in various assets, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence which is also know as financial IQ.

Rich Dad Poor Dad

Some important lessons related to finance I learnt from Rich dad poor Dad

1. Learn to live with risk

As we all learn that don't take risk when it is about money, but taking calculative risk is very important in life, when the decision is not in your favour then also we should take it learning and move on.

2. Emphasize on Savings

How much you earn monthly is not the matter but the savings you is you done monthly is matters alot,as many of experts say that we must save atleast 10-20% of your total income, but it is totally wrong, but due inflation and our due to our daily expenses, it difficult to do much savings, Rich people believe more in investing than in savings, they believe in invest for long term and forget,

3. Money isn't your greatest asset

Money is not everything, you are itself is everything, you more invest in yourself just by learning skill development, enhancing your knowledge, etc From childhood we read various type of books of different subjects, but unfortunately we lack behind in finance, so start getting knowledge about finance investment, assets.

4. Rich Don't work for money, Money work for them

Rich men invest wisely, so can easily produce money without working hard, where as mid class person work for monthly salary to get salary for it expenses, Rich create a system where system make money for him even when he is on vacation, sleeping doing whatever he wants without having any stress of earning money.

5. Buy Assets Not Liabilities

Buy as much as asset you can, instead of wasting your money in buying expensive mobile phones, showing off, doing party etc The more you invest in asset the more secure your future is... Go for it

Guys please read this book,'You will definitely learn something,I guarantee that if you read this book, your time will not be wasted, you will learn a lot and your knowledge will increase. Related to assets, Financial etc.

It took me 2 months to read this book, I was not able to understand many things, but gradually as I gained experience, I started understanding things, now there is no need to read, many applications have audio. Because you can listen whenever you get time.

Initiative February Monthly Prompt

Thankyou

@gargi 🇮🇳

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