| 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.
|
