The characteristics:
- Maintain a long-term vision and plan
- Believe in and practice delayed gratification
- Use the power of compounding (for money, knowledge and learning from taking action)
The path:
- Don’t only hold short-term goals for your life
- Become aware of and begin to control your need for immediate gratification
- Don’t ignore the immense power of compounding
Source: “Rich dad’s Cashflow quadrant: The guide to Financial Freedom” by Robert Kiyosaki