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Showing posts with label Liabilities. Show all posts
Showing posts with label Liabilities. Show all posts

May 7, 2013

How the Rich get Richer

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
 

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.

In tough times, rich thinking people always put first things first and that is for personal growth and investments. Like charity, success education, seminars, books and investments.


For your investment strategies, join the Truly Rich Club of Bo Sanchez to help you go through the process of investing in the stock market.

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Be blessed and be a blessing.

Jesse Cadelina
Truly Rich Club Member

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Photo credit: flickrCC
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