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 firstname.lastname@example.org and I'll be happy to help.
Here is todays video:
That’s my training and tip for you. Hope you got value some value in this blog post, if you did, feel free to share it with other people. If you would like more amazing trainings check out “Network Marketing Success Training” group http://titaniumsuccess.co.uk/successtraining.php. There are 10 amazing lessons in this training course that will help you get the breakthrough in your business!
Yours in success
In : Personal Development
Tags: assets liabilities income expenses