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.