Post by account_disabled on Nov 29, 2023 5:20:41 GMT -5
If you create habits to get rich, the first step is to know how to differentiate financial assets and liabilities: Financial assets Financial assets are anything that puts money in your pocket. Salary Freelas Own business Land and real estate Stocks and fixed income securities Cryptocurrencies Goods for resale (if you are a merchant) Infoproducts (information products) Education (books, courses, conferences, podcasts, in short, everything that can increase your productivity, culture, empathy, and bring you new ideas). Financial liabilities Financial liabilities, on the other hand, are anything that takes money out of your pocket. For example: Car and motorcycle House/apartment (to live in) Smartphones and Gadgets Consortia Parties Accounts payable It may seem strange to you to see a motorcycle, car, house and apartment in this list.
This is because many people tend to see these Phone Number List things as investments, but in reality they are costs. A car and a motorcycle will lose their value over time and you will still spend on fuel, maintenance, parking, taxes, insurance, accessories, depreciation, fines, etc. As for the house and the apartment, even if they are yours, if they are for living in, they are passive. Two important things about assets and liabilities: Liabilities are not always luxuries. You need a house to live in, clothes to wear and things to have fun with. Assets and liabilities are not just things, but the purpose of their use. If you use your computer only to access social networks and watch videos on YouTube, it is a liability. But, if you use it for work, it then becomes an asset. Knowing how to differentiate assets and liabilities and purchasing assets is an extremely valuable lesson.
Main differences between rich and poor Surely you've heard about people who win the lottery, haven't you? And why does this happen? Because being rich or poor has nothing to do with how much money you have in your bank account! The truth is this is a question of mentality. You can think and act rich, even if you don't have the money now. And also, you can think and act like a poor person, even if you have all the money in the world. Below are some differences in mentality between rich and poor: Rich They visualize opportunities (they ask themselves: How can I make that possible? ) They take responsibility for their decisions and their own lives.
This is because many people tend to see these Phone Number List things as investments, but in reality they are costs. A car and a motorcycle will lose their value over time and you will still spend on fuel, maintenance, parking, taxes, insurance, accessories, depreciation, fines, etc. As for the house and the apartment, even if they are yours, if they are for living in, they are passive. Two important things about assets and liabilities: Liabilities are not always luxuries. You need a house to live in, clothes to wear and things to have fun with. Assets and liabilities are not just things, but the purpose of their use. If you use your computer only to access social networks and watch videos on YouTube, it is a liability. But, if you use it for work, it then becomes an asset. Knowing how to differentiate assets and liabilities and purchasing assets is an extremely valuable lesson.
Main differences between rich and poor Surely you've heard about people who win the lottery, haven't you? And why does this happen? Because being rich or poor has nothing to do with how much money you have in your bank account! The truth is this is a question of mentality. You can think and act rich, even if you don't have the money now. And also, you can think and act like a poor person, even if you have all the money in the world. Below are some differences in mentality between rich and poor: Rich They visualize opportunities (they ask themselves: How can I make that possible? ) They take responsibility for their decisions and their own lives.