assets - aktiva
liability - odgovornost
acquire - sticanje
asset = something that puts money in my pocket
liability = takes money out my pocket
1) Poor thinking:
job > income
< expenses (food, clotes, drinks, cars)
Assets (none)
liabilities (house, mortgages, taxes, credit cards)
2) Rich thinking:
job > income > buy assets that create passive income
Assets that create passive income is: Business that doesn't require your presence, stocks, bonds, mutual funds, income-generating real estate, royalities %, notes.
Poor have:
income = expenses
assets < liabilities
Rich: Investing and minimize liabilities !
Rich have:
income > expenses
assets > liabilities
That is why rich are getting richer !
Assets generate expenses and reinvest to assets growing income.
Rich: Study hard so you can find company to buy !
Poor: Study hard so you can find a good copmpany to work for.
Rich: The reason I must be rich is that I have kids !
Poor: The reason I'm not rich is that I have kids.
Rich: Learn to manage risks with money !
Poor: Don't take risk with money.
Rich: How can I afford that ?
Poor: I can't afford that.
Poor have fear and greed !
Poor go to work and pay bills !
Poor earn money to be secure, comfort, pleasure and joy !
Poor peoples: profession is your income.
Rich peoples: your assets is your income !
Rich: I no longer work for money, money works for me !
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