Learn more about personaldevelopment with this collection
Understanding the concept of the self
The importance of living in the present moment
The illusion of control
Poor‘s Mentality
Most of the people think that their wealth will increase with increase in their income.
However, they end up increase in expenditure along with increase in income.
In contrast, rich people have attitude of saving and investing which make them rich.
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3.53K reads
MORE IDEAS ON THIS
Money - Two theories
1. Theory One
Money is the cause of all sufferings
2. Theory Two
Lack of money is the cause of all sufferings.
341
5.29K reads
The Money Education
Assets
The things which increase your money.
Liabilities
The things which reduce your money.
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3.63K reads
Direction of your cashflow
Poor
People whose income gets spend on basic expenditure.
Middle class
People whose income gets spend on luxury things and unnecessary shopping.
Real rich
People whose income does not get spend, but they invest a goo...
356
3.5K reads
CURATED FROM
IDEAS CURATED BY
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Other curated ideas on this topic:
The wealthy
Most rich people do not flaunt their wealth: They don't live in high-class neighborhoods or drive expensive cars. They look like you and me.
The rich have a net worth of above $1 million. Most rich people got wealthy through a simple combination of earning an income,
The habit of investing more
Consistent investing is essential. Investing as a habit will pay off in the long run.
It is most important to start with earning more, then saving more, then investing. People want to skip the first two steps and day-trade themselves to wealth, but most will only lose mone...
Risk is a spectrum
- The difference between investing or speculating, is not about what you buy, but why you buy—and that varies for people based on their financial goals.
- For example, a low-income earner near retirement won’t want to chase a short-term upswing. In cont...
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