Rich Dad Poor Dad defined a term, and helped put perspective on the Rat Race cliche.
Basically, human nature teaches us to buy more or bigger (more expensive) things when we receive a promotion or a monetary raise from our job.
So, our expenses are never less than our earnings. We fail to save money, let alone invest money.
This cycle repeats itself until we die.
What really woke me up to this whole rat race thing was when Robert Kiyosaki said, “If you think your home is your biggest asset, you’re in trouble.”
Wait, that’s exactly what I’ve always thought. And now you’re telling me that it’s wrong?
