Rate Of ReturnYou can't find anyone more rational than Charlie Munger when it comes to money. Here's how he understands the poor: save money to buy a car, save money to buy a house... that's the (mindset of the) poor.
The rich mindset is also simple: don't buy a car before finishing your books (always arm yourself), don't buy a house while your investments are still losing money (a house is the trophy of investment).
The poor like to reward themselves (spend first when they have money), but to become rich, you have to discipline yourself—invest first when you have money.
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