It's not how much money you make. It's how much money you keep.
Too many people are too focused on money and not on their greatest wealth, their education. If people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer despite tough changes. If they think money will solve problems and produce money. Money without financial intelligence is money soon gone.
Most people fail to realize that in life, it's not how much money you make. It's how much money you keep.
Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.
Rule #1: You must know the difference between an asset and a liability, and buy assets.
Why would someone buy an asset that was really a liability? The answer is found in basic education/
We focus on the word "literacy" and not "financial literacy."
What defines something to be an asset of a liability are not words.
An asset puts money in my pocket. A liability takes money out of my pocket.
"The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn,unlearn, and return."
An asset is something that puts money in my pocket whether I work or not. A liability is something that takes money out of my pocket. This is really all you need to know.
If you want to be rich, simply spend your life buying or building assets. If you want to be poor or middle class, spend your life buying liabilities.
If people are having difficulties financially, there is something that they don't understand either in words or numbers.
Cash flow tells the story of how a person handles money.
Financial aptitude - What you do with the money once you make it; how to keep people from taking it from you, how to keep it longer, and how to make that money work hard for you.
As income goes up, their expenses go up as well.
The number one expenses for most people is taxes.
A person can be highly educated, professionally successful and financially illiterate.
Fear is the main reason that people say, "Play it safe."
"An intelligent person hires people who are more intelligent than he is."
Wealth is a person's abilitty to survive so many number of days forward or, if I stopped working today, how long would I survive?
Wealth measures how much money your money is making and, therefore, your financial survivability.
Wealth is the measure of the cash flow from my asset column compared with the expense column.
-The rich buy assets.
-The poor only have expenses.
-The middle class buy liabilities they think they are assets.
It's not how much you make but how much you keep and how many generations you keep it.
If you want to be rich, you need to be financially literate.
Too many people are too focused on money and not on their greatest wealth, their education. If people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer despite tough changes. If they think money will solve problems and produce money. Money without financial intelligence is money soon gone.
Most people fail to realize that in life, it's not how much money you make. It's how much money you keep.
Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.
Rule #1: You must know the difference between an asset and a liability, and buy assets.
Why would someone buy an asset that was really a liability? The answer is found in basic education/
We focus on the word "literacy" and not "financial literacy."
What defines something to be an asset of a liability are not words.
An asset puts money in my pocket. A liability takes money out of my pocket.
"The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn,unlearn, and return."
An asset is something that puts money in my pocket whether I work or not. A liability is something that takes money out of my pocket. This is really all you need to know.
If you want to be rich, simply spend your life buying or building assets. If you want to be poor or middle class, spend your life buying liabilities.
If people are having difficulties financially, there is something that they don't understand either in words or numbers.
Cash flow tells the story of how a person handles money.
Financial aptitude - What you do with the money once you make it; how to keep people from taking it from you, how to keep it longer, and how to make that money work hard for you.
As income goes up, their expenses go up as well.
The number one expenses for most people is taxes.
A person can be highly educated, professionally successful and financially illiterate.
Fear is the main reason that people say, "Play it safe."
"An intelligent person hires people who are more intelligent than he is."
Wealth is a person's abilitty to survive so many number of days forward or, if I stopped working today, how long would I survive?
Wealth measures how much money your money is making and, therefore, your financial survivability.
Wealth is the measure of the cash flow from my asset column compared with the expense column.
-The rich buy assets.
-The poor only have expenses.
-The middle class buy liabilities they think they are assets.
It's not how much you make but how much you keep and how many generations you keep it.
If you want to be rich, you need to be financially literate.
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