Assets are things that can put money in your pocket (increase your income).
Debt is something that comes out of your pocket (increases expenses).
Once you drive your new car out of the parking lot, you lose 25% of the fare. A car is not a real asset, even if your bank manager asks you to list it under assets. When I once used a new golf club worth $400, it was only worth 150.
The main reason why 90% of the American public have financial difficulties is that they manage their money to avoid losses, not to make profits.
Most workers work for wages and short-term benefits, but in the long run, this is often disastrous. On the contrary, I suggest that when looking for a job, young people should look at what they can learn from it, not just how much money they can earn.
Some people are poor because they have bad spending habits.
Physical assets can be divided into the following categories: businesses that can operate normally without me. I own them, but they are run and managed by others. If I have to work there, it's not my profession but my career; Stock; Bonds; Mutual funds; Real estate that generates income; Bills (IOUs); Music, manuscripts, patents and other patents; Anything that is valuable, can generate income or may add value, and has a good circulation market.
When you are short of funds, bear external pressure instead of using your own savings or investment. Use this pressure to stimulate your financial talent, think of new ways to make more money, and then pay the bills. Doing so can not only improve your earning power, but also improve your financial quotient.
My well-educated father (poor father) works harder and harder and is more and more competitive, but he also relies heavily on his professional expertise. Although his salary has increased, his choice opportunities have disappeared. It was not until he lost his job at go-vern ment that he realized how powerless he was in his career choice.
Being the master of money, not the slave of money, is the financial quotient.
Risks are always everywhere, and we should learn to control them rather than avoid them.
Busy people are often the laziest people.
The rich buy assets. The poor only have expenses. The middle class buys liabilities (such as houses) that they consider assets.
The poor and the middle class work for money, and the rich make money work for them.
Give yourself a strong reason or goal, otherwise, you will find life difficult.
I have 150 employees. They just ask for work and get paid. They spend the best time of their lives working for money, but they don't want to know why they are working.
Schools in Www.fuze98.com are places to train good employees, not good employers.
Money is not a real asset. Our only and most important asset is our mind. In fact, human beings learn by constantly making mistakes.
Poor dad said, "Follow the company ladder and climb up step by step." Rich dad asked, "Why not be the master of the ladder?"
The management qualities necessary for success include: cash flow management; Systematic management (including self, time and family); Personnel management.
Poor dad tries to save money, while rich dad keeps investing.
When your cash flow increases, you can buy some luxury goods. An important difference is that the rich buy luxury goods last, while the poor and middle class buy luxury goods such as big houses, jewelry, leather clothes, gems and yachts first, because they want to look rich. They look really rich, but in fact they fall into the trap of loan. Those who are always rich, those who can be rich for a long time, first build their own assets, and then use the income generated by the assets to buy luxury goods, while the poor and the middle class use their hard-earned money and the legacy they will leave to their children to buy luxury goods.
The rich care about their assets, while others care about their income.
My highly educated father always encourages me to find a good job in a big company. His values are: "Climb the ladder of the company step by step". He doesn't know that only by the employer's salary, he will always be a cow waiting to be squeezed.
When a new idea negates the old way of thinking, many "smart" people will instinctively defend themselves. In this case, their so-called "intelligence" and "arrogance" together are equivalent to "ignorance".
In the long run, what matters is not how much money you earn, but how much money you can save and how long you can save.
Proficiency in professional skills is both an advantage and a disadvantage.
Edison did not pursue balance, he focused on something; Bill Gates does not pursue balance; Soros focused on one point; George patton never deployed his tanks on a long front, but concentrated on attacking the weakest part of the German defence. On the contrary, the French laid out a long maginot line, the result of which is well known.
Rich dad's financial statements also explain why the rich are getting richer. The income generated by the asset project can make up for the expenditure, and the remaining income can be used for reinvestment at the asset end. With the accumulation of investment, there will be more and more assets and more corresponding income, thus forming a virtuous circle. The result is: the rich are getting richer!
Many people are working hard and struggling, because they are still stubborn and backward. They don't realize that an existing idea or method was an asset yesterday, but today it has become a liability.
The more knowledge of sociology, the less rewards will be given to those who learn more. Rich dad said, "You only need to know a little about a lot of knowledge."
Most people never win, because they are too afraid of losing, which is also a big misunderstanding of school education I found.
His educated father encouraged him to be a smart man, while his rich father encouraged him to hire smart people.
My poor father taught me how to write an excellent resume in order to find a good job. My rich dad taught me to write down ambitious career plans and property plans, and then create entrepreneurial opportunities.
Listening is more important than speaking. Otherwise, God will not arrange two ears for us, but only one mouth.
If you don't work hard and let things happen, nothing will happen. If a goal can be achieved without effort, it can only show that the goal is of little value. Remember, your unfulfilled dream is a dream imprisoned by your greatest enemy-fear of failure! Don't let anyone steal your dreams!
What can cure this inertia? The answer is to be more greedy and have the courage to pursue and get the life you want.
If you have the desire to get rich, you must concentrate. People who pursue balance will only stand still and will not move forward. To make progress, we must first be "unbalanced" and pay attention to how to make continuous progress.
Financial knowledge (ability to read and understand numbers); Investment strategy (Science in Qian Shengqian); Understand the market (the science of supply and demand); Laws and regulations.
Workers work as hard as possible to avoid dismissal, while employers provide minimum wages to prevent workers from resigning.
Poor dad said, "a stable job is everything!" " Rich dad said, "continuous learning is everything!" " "
For a poor father with a good education, a stable job is everything. For rich dad, continuous learning is everything.
The biggest loss is to lose the opportunity. If all your money is invested in a house, you have to work hard, because your cash is constantly flowing out of the expenditure item, not into the asset item, which is a typical cash flow model of the middle class. What should be the correct approach? If a young couple invest more money in their assets earlier, they will have an easier life in the next few years, especially if they plan to send their children to college. Because the investment in assets will increase their assets and automatically make up for their expenses. Investing in a big house first is nothing more than taking a mortgage to pay for the rising expenses. The result is nothing more than robbing Peter to pay Paul. In short, an early decision to own an expensive house instead of investing in securities will have an impact on a person's financial life in the following three aspects: losing the opportunity to add value with other assets. The capital that could have been used for investment will be used to pay for all kinds of high and long-term expenses of the house. Lose the opportunity of education. People often include their houses, savings and retirement plans in their assets, and education is an important asset. Because they don't have the money to invest, they don't invest, which makes them unable to gain investment experience and will never become "mature investors" recognized by the investment community.
The poor work for money, and the rich let money work for them. The rich buy assets, and the poor only consume.
The rich buy assets, and the poor only consume.
Assets are things that can put money in your pocket. Debt is something that comes out of your pocket.
Rich dad: "The reason I have to be rich is that I have children."
Only if you have the courage not to follow the crowd can you get rich.
Please remember these words: the rich buy assets; The poor only have expenses; The middle class buys liabilities that they consider assets.
Smart people tend to hire people smarter than themselves to work with them.
Finance. Q consists of four main skills:
Education and wisdom about money are very important. Start early, buy a good book, attend some useful seminars, and then put it into practice, starting with a small sum of money and growing up slowly. It took me less than six years to turn $5,000 in cash into $6,543.8+0,000 in assets and generate $5,000 in cash flow every month, but I still study like a child. I encourage you to study, because it is not difficult. In fact, as long as you go the right way, everything will be easy.
Everyone wants to go to heaven, but nobody wants to die.
Financial quotient consists of four aspects of professional knowledge: the first is accounting, which is what I call financial knowledge. The second is investment, which I call science in Qian Shengqian. The third is to understand the market, which is the science of supply and demand. The fourth is the law. It can help you effectively run an enterprise that enters the fields of accounting, investment and marketing, and achieve explosive growth.
Getting rich doesn't mean paying bills at the expense of a comfortable life. This is financial quotient.
In the real world, people often rely on courage rather than intelligence to surpass others.
The problem with the school is that it often turns you into a professional in your major. The terrible consequence of becoming a professional in your major is that too many people forget to pay attention to their own careers. They have been paying attention to other people's careers all their lives and making others rich.
The world is full of talented poor people.
In my opinion, physical assets can be divided into the following categories: businesses that can operate normally without my presence. I own them, but they are run and managed by others. If I have to work there, it's not my profession but my career; Stock; Bonds; Mutual funds; Real estate that generates income; Bills (IOUs); Music, manuscripts, patents and other patents; Anything that is valuable, can generate income or may add value, and has a good circulation market.
If your financial quotient is low, money will be smarter than you. If you are not as smart as money, you will work for it all your life.
The poor work for money, and the rich let money work for them.
A wise man always hires someone smarter than him.
The sooner you train yourself and your loved ones to be masters of money, the better the effect. Money is a powerful force. Unfortunately, most people use the power of money to deal with themselves. If your financial quotient is low, money will be smarter than you and will slip away from you. If you are not as smart as money, you will work for it all your life. To be the master of money, you need to be smarter than money, and then money can do things according to your requirements, obey you, and make you the master of money, not its slave. This is financial quotient.
"Most people want to have a salary income. This is because they have fear and greed. Let's start with fear. The fear of having no money will stimulate us to work hard. When we get paid, greed or desire will start us to think about all the things that money can buy. So a pattern was formed. " (Get up, go to work, pay the bill, get up again, go to work again, pay the bill ...) "For example, if people are afraid of having no money to spend, they will immediately find a job to earn money, so the fear will be eliminated. It seems quite right to do so. But once he understands this, he won't think about such a problem. Can a job solve your financial problems for a long time? In my opinion, the answer is' no', especially in one's life. Work just wants to solve long-term problems in a temporary way. "
Economic mind is developed in the process of solving economic problems.
(P.S. accounting, net assets = assets-liabilities, profit = income-expenditure)
The biggest advantage of money is that you can work 24 hours a day and serve your generations. Remember: be a hard-working employee, make sure your job, but keep accumulating your assets.
Money is not a real asset. Our only and most important asset is our mind. In fact, human beings learn by constantly making mistakes.
The middle class finds itself always struggling with financial problems. Why? The main income of the middle class is wages. As wages increase, taxes will also increase. More importantly, their propensity to consume will also increase with the increase of income. They repeatedly invest in houses as their main assets, instead of investing in real assets that can bring income. This concept of treating a house as an asset and the financial philosophy that the more money you have, the more you can buy a bigger house or spend it are the foundation of today's debt-ridden society.
The rich care about their assets, while others care about their income.
When I was a child, my well-educated father encouraged me to find a stable job, while my rich father encouraged me to start buying my favorite assets, "because if you don't love it, you won't care about it."
Poor dad: "The reason why I am not rich is that I have children."
The biggest loss is to lose the opportunity.
After learning, people have mastered financial knowledge, but they still face many obstacles on the road of financial freedom. We know that asset projects can generate a lot of cash flow, so that people can live their dream lives freely without having to work all day for a living. There are five main reasons why people with only financial knowledge still can't have rich asset projects: fear; Cynicism; Laziness; Bad habits; Conceit.
Lack of self-discipline is the primary factor to distinguish between the rich and the poor. People who lack inner perseverance often fall victim to those who have strong self-discipline.
The problem with the school is that it often turns you into a professional in your major. The terrible consequence of becoming a professional in your major is that too many people forget to pay attention to their own careers. They have been paying attention to other people's careers all their lives and making others rich.