Poor people are more greedy than rich people - Robert Kiyosaki

It's not about income, it's about assets that generate income.

They are in such a hurry to make money that they eventually lose both time and money,” I added. “They want to do things on their own rather than invest in a little study.

My real estate strategy, on the other hand, is to start small and keep trading the properties up for bigger properties and, therefore, delaying paying taxes on the gain. This allows the value to increase dramatically. I generally hold real estate less than seven years.