What do the WEALTHY buy on Payday?

Posted by Gediminas Grinevicius on Friday, September 14, 2018 Under: Personal Development
Hey Guys,

Have you ever heard a saying that "The rich get richer and the poor get poorer"? Well in today's training I explain exactly why and more importantly HOW the rich get richer. 



But before I get into that it's important to mention few concepts so it makes sense. 

Income - is the money that comes into your account

Expenses - is the money that goes out of your account

Assets - are the things that make you money

Liabilities - are the things that cost you money

There are three groups of people, first, there is POOR people, they stay poor because as soon as the money comes in as income it all goes out as expenses and whatever extra money they earn they spend immediately on 'stuff'. 

The second group of people is the MIDDLE CLASS, they earn slightly more so after paying the expenses they often use the rest of the money to get liabilities, like a new sports car, a holiday on a credit card, a rolex watch on a credit card, a boat, a holiday home and so on. Before you know it, they are up to their eyeballs in monthly bills and get trapped in the vicious cycle.

Finally there are the rich or a better word would be wealthy people. After they pay their bills they use the rest of the money to buy assets, that start making them more money, which they can then re-invest to make even more money. You see most people work for money, wealthy people make the money work for them. Those assets might be stocks, shares, real estate, commodities, crypto currencies and so on. Or they can be businesses that bring passive residual income, like network marketing for example, it cost very little to get started in network marketing but very quickly it can start giving you a stream of income that you can re-invest to make even more money. That's how you become wealthy. 

If you would like to learn more about network marketing business opportunities just drop me an email on gediminas@titaniumsuccess.co.uk  and I'll be happy to help.

Here is todays video:
   


Yours in success

Gediminas



In : Personal Development 


Tags: assets liabilities income expenses 
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