Money & Wealth Theory 1

life pushes all of us around- learn and move on, learn the lessons.
the situation play it safe is good when the fear of losing is greater than fear of winning.



RICH DONT WORK FOR MONEY
=rich make money work for them
=rich are not slave to money or paying bills
=learning to make money work for you is LIFE TIME STUFY
=FEAR and IGNORANCE are the main causes
=learn to use emotions to think, dont think emotionally

BE FINANCIAL LITERATE & APTITUDE
=know the differences between ASSETS & LIABILITIES
=buy ASSETS
=ASSETS are anything that puts money into the pocket
=LIABILITIES are that takes money out of the pocket

MIND YOUR OWN BUSINESS
=wealth is a person's ability to survive forwards
=rich buy ASSETS
=middle class buy LIABILITIES that they think are ASSETS
=lower class only have EXPENSES

RICH WORK FOR ONLY THEMSELVES

RICH MIND THEIR OWN BUSINESS
=look after their ASSETS
=INVEST, REINVEST, RE-RE-INVEST
=find new, more, creative ways to generate income, reveneues and CREATE WEALTH
=FOCUS on the ASSET COLUMN
=have solid habits, characters, learn to grow, work on personal growth, human relations
=mind their own BUSINESS, keep shut, keep quiet and keep their SUCCESS FORUMALAS & SECRETS and RULES to THEMSELVES
=have excellent interests, hobbies, people skills, knowledge, learning aptitude

RICH TEND TO BUY LUXURIES LAST
=poor and middle class buy their luxuries, designer wear sooner- to look rich and impress others
= live well within their means
=save and save and save
=work hard, hard, hard
=focus on the BOTTOMLINE