Watch the video and learn where you can buy assets and start
increasing your cash flow. Learn cash generating opportunities and how
you can start.
Be open to learning and education because
if you learn how to do something that produces more money for you and
you actually do it, that's buying an asset.
You need to learn this Financial Education.
First, understand this financial terms:
CashFlow - money you bring in
Expenses - money you spend
Assets - something that pays you, this is according to Robert Kiyosaki
Liabilities - something that cost you
Ask this question to yourself:
1. Am I living from paycheck to paycheck?
2. Am I buying liabilities, spending equal or more than the money I make?
3. Am I buying assets that make me earn more money?
Everything in life is about investment. An investment of your time and money. Investing your time creating an asset to work for you. Investing your money to work for you not the other way around.
Where you are investing your money? Are you really investing or spending? How about your time, where are you spending most of your time? Are you open to learning? Are you creating and building an asset?
This are just some of the question you might consider.
If you find this information troubling, send your inquiries to jessecadelina@gmail.com
Be blessed and be a blessing.
Jesse Cadelina
Truly Rich Club Member
Learn the TrulyRichClub way! Get Stock Market Update directly from the TrulyRichClub!
Showing posts with label Asset. Show all posts
Showing posts with label Asset. Show all posts
May 7, 2013
August 17, 2012
Rich Thinking versus Poor Thinking
There is a slight difference between the rich thinking and the poor thinking people around us. Take a look at this comparison and decide for yourself what kind of thinking do you have. This is from my mentor Robert Kiyosaki.
Rich Thinking:
Income - Expenses: = Savings:
Household Doodads
Charity Liabilities
Success Education
Business Seminars
Books
Investments
Poor Thinking:
Income - Expenses: = Savings:
Household Charity
Doodads Success Education
Liabilities Business Seminars
Books
Investments
Carefully scan at how and where the expenses of the Rich Thinking people go. Look at the priorities of their spending. They still have expenses for household but they also make it sure as urgent as possible to give for charity, success education, business seminars, books for personal development, and for investments. And after the first priority, comes the less important one's such as the unnecessary things in life called "doodads" and the liabilities.
By the way according to Robert Kiyosaki, assets are those that generates income that eventually adds to our pocket. While liabilities are those that adds up to our cash outlay monthly.
In contrast, poor thinking spends the money first for household of course, the doodads, and buys things that will only add to their monthly cash outlay called the liabilities. And after that, if their still are savings, only then that they will give for charity, education, business seminars, books, and investments.
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Be blessed and be a blessing.
Jesse Cadelina
Truly Rich Club Member
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