Most people can be debt-free in five to seven years. To eliminate your consumer debt, put aside $150-$200 every month to pay down credit cards, then car payments, then your mortgage.Draw up personal income and balance sheet statements to show all your income, expenses, assets, and liabilities. To start on your path to financial freedom, write down where you want to be financially one year from now and five years from now.The Investor is neutral on wins and losses and only sell a stock when it has peaked or as soon as it starts to slide. They also hold on when it slides down to $5 with hope that price will come back up. People who fear loss buy a stock at $20, then sell it as it rises lest they lose what they gained.Kiyosaki lived modestly for years and worked hard not to pay bills but to acquire assets. ![]()
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