Lessons I learned from "Rich Dad, Poor Dad"

~ Thread ~

1. Put your money to work

You cannot get rich with your money in savings account,

Invest it in appreciating assets.
2. Amount of money retained matters

It is not the amount of money you make,

It's the amount of money you keep that matters.
3. Acquire assets

Rich people acquire assets while poor accumulates liabilities,

Your choices will determine your fate.
4. You are not born to work for others for lifetime

Most people consider this slavery as their life,

Completely forgetting the life possible beyond that.
5. Gain Financial Knowledge

Learn about investing, markets, accounting, sales and others.

It will help you make overall better financial decisions.
6. Winning means not being afraid to lose

Never be afraid to take calculated risks.

Those who always play it safe never make big fortunes.
7. Pay Yourself First

Every month, first invest in your income-generating assets,

The rest of expenses should be next to it.
8. Dream Big

You cannot earn millions by just dreaming of a small job,

Plan and dream big ventures and play with heart.
Thanks for reading.

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Recently, the @CNIL issued a decision regarding the GDPR compliance of an unknown French adtech company named "Vectaury". It may seem like small fry, but the decision has potential wide-ranging impacts for Google, the IAB framework, and today's adtech. It's thread time! 👇

It's all in French, but if you're up for it you can read:
• Their blog post (lacks the most interesting details):
https://t.co/PHkDcOT1hy
• Their high-level legal decision: https://t.co/hwpiEvjodt
• The full notification: https://t.co/QQB7rfynha

I've read it so you needn't!

Vectaury was collecting geolocation data in order to create profiles (eg. people who often go to this or that type of shop) so as to power ad targeting. They operate through embedded SDKs and ad bidding, making them invisible to users.

The @CNIL notes that profiling based off of geolocation presents particular risks since it reveals people's movements and habits. As risky, the processing requires consent — this will be the heart of their assessment.

Interesting point: they justify the decision in part because of how many people COULD be targeted in this way (rather than how many have — though they note that too). Because it's on a phone, and many have phones, it is considered large-scale processing no matter what.