Page 102 - Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money
P. 102

Just  look  at  how  much  money  is  being  paid  to  other  organizations  or

                people first. Notice that I put retirement as a liability. In technical terms, it
                is an unfunded liability, until it becomes an asset. And if you are banking on
                your 401(k) for your retirement, you will be paying the highest percentage
                in taxes because it is taxed as earned income.

                    Compare that expense column to a pay yourself first expense column.
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