{"type":"rich","version":"1.0","title":"utxo the webmaster 🧑‍💻 wrote","author_name":"utxo the webmaster 🧑‍💻 (npub1ut…r50e8)","author_url":"https://yabu.me/npub1utx00neqgqln72j22kej3ux7803c2k986henvvha4thuwfkper4s7r50e8","provider_name":"njump","provider_url":"https://yabu.me","html":"One of the best money lessons I learned was from rich dad poor dad, with the \"cashflow quadrant\"\n\nHe explained that the best strategy is to use income from labour to buy assets, then use income from assets to pay for life\n\nSo for example, if you want a yearly vacation that costs $5000, you actually need to save up $100,000 first, then pay for it with the 5% return on the 100k.\n\nIt kind of seems extreme at first, and requires a lot of sacrifice and delayed gratification, but once you have that first 100k it really starts to snowball"}