What the rich do,that the poor and the middle class don't
what separates the rich from the poor and the mddle class.
Over the years of extensive research and interviews that i have reviewed in various social media platforms,I have came to understand that their is nothing new about how to became rich in this world where only only few advantaged individuals are really living a life of real self actualisation,The actual truth is that the rich have learned and adapt to the principle of doing uncommon things in an uncommon way.
The rich have learned to distinguish the difference between assets and liabities,they have learned how to get rid of the fact that most people believe it as true that your house is the biggest asset one you can invest in,however this actually seems not to be true,Let's be real about the definition of assets and liabilities and be ready for a mindset shift in your perspectives that are deeply ingraned in your belief system if you really want to became rich.Iam really reminded of a phrase that 'you cannot do the same things over and over again and expect to get different results'.
definition of assets and liabilities.
An assets is something that puts money into your pocket while a liability is something that takes away money from your pocket,Pause for a moment and think about thing that takes away money from your pocket either on daily ,weekly ,monthly or yearly basis, that is a liability.
To really understand this concept,let's try to distinguish the differnce between a house and an apartment or a rental property--which one do you this is an asset and which one is a liability?
Hope you area now beginning to note the differnce,that is the game that the rich have mastered and they always repeat the same game day by day,they is no magic here.If you don't really learn the differnce between an asset and a liability,you will find comfort in your rat race where 'receiving a salary and paying the accumulated debts became your monthly routine thinking that your day job got covered,you spend almost eighthy percent if your time at work discussing about the retirement benefits that you are likely to receive from that organisation,the health,medical and transport allowances and gossiping about other colleague employees,by the time you realise that those retirement benefits was a trap to give you a sense of of contentment that everything is well taken care of ,it will be to late.
Learn to do the things differently if you need to get unpopular outcomes,use your monthly salary to invest in assets generating passive income.Each dollar or penny invested into your asset column is your employer,Invest in assets to an extent that the income generated by your assets can cover all your monthly expenses,that is the true definition of wealth.
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