You need to work on a “FIRE” (financially independent, retire early) plan if you want to get out of the rat race. The sooner you start working on it the earlier you can stop working. The basic idea is generating passive income from your investments and live off of it. When your passive income is more than your expenses, you can retire early. If you want to be on the safer side, work till you double your targeted passive income. Cutting your expenses is also a legit way of reaching your goals faster. For example you don’t need to drive a Benz, or live in a big house. These create liabilities and liabilities eat away your income. They make you poor. The less liabilities and more income producing assets you have, the richer you will be.
Robert Kiyosaki has a fantastic book which explains the details. Read it.
I dont care about the guy named kiyosaki tbh, if there is anything I would like to say, he is scammer who sell books to get rich, no better than WB, btw I had read a couple of his books I know clearly what is his intention in his books, I do not need anymore content from his books, most of the content in his books has zero substances, there is only one thing I could say about his book, his book and his success can be easily duplicate by playing monopoly board game but for some reason American is so lazy they do not even brother playing to win a board game, they rather someone write a book full of non-sense to explain the ins-and-outs of a board game, where they could finally find the excuse to blame the author for writing a book, organizing seminar and pyramid schemes and get rich quick scheme, making thing hyper complicated, so is there anything you think I can gain from his book, I tell you again, NOTHING, his book is a joke, I call it a joke the last time I read it, I still call it a joke today, his book has never improved or worth reading, fullstop.
Well, he is a book seller, of course he is trying to sell more books. What do you expect from him? That doesn't mean that he is a scammer though. According to your logic, every book author is a scammer...
It is sad if you feel that way. I already told you the main idea of the book anyway and looks like you already read it since you know about the board game stuff.
You may hate the guy but what he said is common sense and it is all true.
You need to have more passive income than your expenses... How could this idea be wrong or stupid? If you can't meet these conditions then I am sorry but you will work till you break because living costs money. Unless you find a way to pay for these expenses without working, that's how it is gonna be forever.
I bought the book, read it and I am glad I did. (I read many other books too, not from this author though) Even though I knew about most of the stuff he tells in the book, it strengthened my position.
Real wealth comes from the assets you own, not from the cash you own. Hoard assets, simple. There is nothing complicated with that.