15 Lessons Rich Parents Teach Their Kids

15 Lessons Rich Parents Teach Their Kids

Alux

00:00 - Intro

00:28 - Understanding how money works

01:36 - The difference between an asset and a liability.

 03:08 - They are not entitled to anything.

 04:33- How to be sociable and connect with other people.

 05:27 - Increasing income instead of lowering expenses.

07:52 - How to create daily habits that give them incredible advantages.

09:09 - Money is a tool, and it's a good thing.

10:23 - Stop expecting immediate results and avoid magical thinking.

11:63 - Knowledge is more valuable than money in the long run.

13:37 - Don't work for money. Have money work for you.

14:46 - Solving problems is the quickest way to get rich.

15:38 - Not to waste time on things that do not correlate to the real world.

16:25 - How to use good debt instead of bad debt.

17:39 - 80% of the results come from 20% of the effort.

 18:49 - Having money doesn't make you a better person.

https://www.youtube.com/watch?v=WqA4PgRDvtY&t=938s

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