Discover the amazing world of Indonesia
 

Welcome to our Indonesia Archive. Have fun browsing!

 

(Browse for more articles)

 

Personal Finance: What People Buy On Payday

Some people think that to become wealthy, carreer. But if the money that comes in
they need to live in a certain lifestyle are constantly spent on 'liability', it
and buy certain things that the real won't take long until they wind up highly
wealthy people have. By doing so many of stressed out in a financial turmoil. In
them would finally end up in a financial the end, the middle class find themselves
turmoil and are far from being what they enslaved by their jobs because of the
had always dreamed of: real wealthy or liabilities. It means they have no choice
simply financially free. than to go to work and make more money
The truth is, different people with every month to be able to pay off their
different financial conditions buy liabilities.
different things on payday not because of The problem with both the poor and the
how much money they have but because of middle class is, generally their income
their particular mindset that drove them is dependant on their own effort/ time.
to buy those things in the first place. The case with the poor is, that they
When the poor go shopping... exchange their time with their employers
Poor people would go and buy the things money -- while there is only so much you
we would simply call 'little stuff'. They can do in 24 hours with your own effort.
buy things that are inexpensive (and On the other hand, the middle class
sometimes useless) simply because they exchange their high education and
are inexpensive.The 'little stuff' won't expertise with someone else's money. As
cost them much but it won't worth soon as they stop 'exchanging' time and
anything to them over the years -- and education, the money stops coming.
because the money was all spent on When the real wealthy go shopping...
'little stuff', this will be the only Real wealthy people would go out and buy
thing they will have. things that we would call 'asset'. Assets
Some people who are even less fortunate are things that pay you money. The
like many in my own country, Indonesia, example would be investments, stocks,
won't even have 'stuff'. When they go bonds, real estate,... Another example of
shopping on payday they buy food and asset is education. If you buy education
maybe some clothes -- just basic things and apply it to produce income, your
they need to survive for one month. education is an 'asset'.
The poor won't have enough money to save, Real wealthy people would always put
let alone invest. So what comes in on aside a certain portion of their income
payday, goes out on 'little stuff' or to buy assets like those. The wealthy
food to survive. They simply just don't simply spend their money on things that
educate themselves that their income can produce more money.
could have been used to create more If you want to become wealthy you have to
income -- and this has caused a lot of find assets that would earn you income
financial pain. Yet, it does not need to and with the income, buy more assets to
be this way. earn you more income and so on. One
When the middle class go shopping... example of affordable asset you could buy
These are successful people with is a business. Any business that creates
well-paying jobs and great carreer. for you passive ongoing income is your
Because of this, society mistakenly asset.
considers them as 'the rich'. The middle Passive income is income that requires
class would buy things that we would call little work or no work at all. This type
'liabilities'. Liabilities are things of income is the income that you earned
that cost you money. A car would be a from work you did just once.
liability -- you would spend money on There are numerous of passive income
gasoline, insurance and not to mention creation opportunities. One asset that I
the thousands of dollars of monthly have found (and is affordable for me) is
payment for the new car. A house should investing in my own small business,
also be considered as a liability -- Success University. I find this an
although some people would call it invaluable asset because I have free
'asset', we can't escape the fact that access to the most powerful success
buying and owning a house would actually oriented personal development education,
cost you -- which makes this more a presented by over 50 of the world's
'liability' instead of an 'asset'. But greatest minds in personal achievement.
when you buy a house and rent it out and The education that I get is applied in my
it pays you money regularly, then the day job, causing me to earn even more
house is called an 'asset'. income than before. And the business
Typically, the middle class split their opportunity of Success Universityis just
big fat check into two and one portion of an outstanding asset that allows you to
it goes out to pay for the downpayment of earn money even during your 14 day free
a new car (or a new house) or anything trial.
that are actually 'liabilities'. By the This article has been written in the
next month, they will have created hopes that it will be an eye-opening
another thousands of dollars of monthly piece of information on managing you
expenses for paying the installments. personal finances better.
After this, they would want a new Rolex Resource Box:
watch, or another car, or a boat, or an Dinar P. Wiria-Atmadja earns money as a
expensive vacation. student of Success University. She is
The middle class may make big fat also the owner of Proven Map to Success &
paychecks because of their successful Financial Freedom.




www.baliboxes.com keyword stats [2007-10-05-2007-10-05]



Daily top traffic source : Yahoo
Most current Yahoo search phrases:

AJmain


Other search engines trends:



Other search phrases:

Map of Southwest Asia Cities northern sumatra indonesia
new year customs in sri lanka Map of indonesian recipe
indonesian games cafe asia dc
indonesia animals indonesia visa application
map of north asia made in italy
foreign exchange money indonesia visa requirements
us embassy in sri lanka five star hotel
indonesian translation indonesia population
southeast asia political map eastern asia map
what is the map of southwest Asia indonesian volcano
indonesian grocery red sea coral
indonesia maps asia america
country government





1- A- B- C- D- 2- 3- 4- 5- 6- 7- 8- 9- 10- 11- 12- 13- 14- 15- 16- 17- 18- 19- 20- 21- 22- 23- 24- 25- 26- 27- 28- 29- 30- 31- 32- 33- 34- 35- 36- 37- 38- 39- 40- 41- 42- 43- 44- 45- 46- 47- 48- 49- 50- 51-