Learn more about personaldevelopment with this collection
How to create a diversified portfolio
How to analyze stocks and bonds
Understanding the basics of investing
Rich people are taught from an early age that wealth is earned by LEVERAGE rather than hard effort. They put their money into investment entities, which handle all of the "labour."
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Learning can increase your knowledge and equip you with unique talents to help you advance in your career.
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There are clever methods to break free from the painful cycle of working for others your entire life while failing to preserve anything.
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"Money without financial literacy is no money"
Making money and keeping money are two different things. Never confuse the two . Remember the athlete who made millions at 24 but ended up sleeping under a bridge ten years later?
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"An asset is something that puts money in your pocket and a liability is something that takes money out of your pocket,"
Rich people acquire assets (securities and investments) and poor people add liabilities (commitments and obligations).
This is the most significant distinction that...
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The profits generated by your assets should be re-invested in new ones.
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Reading is a fundamental step when attempting to improve your personal finances.
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Rich people work to learn things and those things they learn can easily be applied to make money in the future, over and over again. It is better when you actually learn things in practice Being rich dor not Being rich has very little connection to material possession
Capitalization was key to the rise of economic indicators. Upper-class Americans began to put their wealth into new financial assets. They began to see their society as a capitalized investment and the people as capital that could be used to increase wealth.
In the North, ...
Budgeting your money is the cornerstone of a sound financial plan, and seeing all the numbers in black and white can offer valuable perspective on where your mone...
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