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2025-06-155 min readFinancial IQ

Why Traditional Budgeting Keeps You Poor

Why Traditional Budgeting Keeps You Poor

Most people budget like this: Breakfast $5, Lunch $15, Subway $2... End of month: "Wow, I spent a lot." Solution: "Drink less coffee next month."

The problem? It focuses on Expenses, ignoring Assets.

Poor Mindset vs Rich Mindset

Robert Kiyosaki said in Rich Dad Poor Dad:

  • The Poor focus on Income (Salary) and Expenses (Bills).
  • The Rich focus on Assets (puts money in pocket) and Liabilities (takes money out).

Traditional apps just track how you get poor. You need a tool that builds your Balance Sheet.

Redefine Tracking

Rich Dad Finance Tracker isn't for saving pennies; it's for growing wealth. In the App, you track:

  • Assets: Stocks, ETFs, Real Estate.
  • Passive Income: Dividends, Rent, Royalties.

When you shift focus from "Saving $5" to "Adding $100 Passive Income," your journey to freedom begins.

#Rich Dad#Budgeting#Assets#Cashflow