Why rich people become more richer? - Deepstash

Why rich people become more richer?

Poor people have a cash flow in which they get income and that money ends up in their needs. Middle people have a cash flow in which they get income and that money ends up in their liabilities and needs. so there are no difference between poor and middle class!

while in the rich people's cash flow, they firstly builds their assets and then necessary expenses. that's why they become more richer because their income sources are increasing!

49

232 reads

CURATED FROM

IDEAS CURATED BY

parth325

My Name is Parth. I love to have and discuss Great Ideas!

The idea is part of this collection:

Ask for a Raise

Learn more about moneyandinvestments with this collection

How to close the deal

How to handle objections

How to present your value to your employer

Related collections

Similar ideas to Why rich people become more richer?

Assets And Liabilities

A liability takes money out of your pocket.

An asset increases the value of your money.

The cash flow patterns of poor, middle-class, and rich people differ based on their assets and liabilities.

Income Sheet:

Income: Money earned from various sources.

Expenses: Mone...

We think rich people should be more generous

We think rich people should be more generous

Most of us believe if we earned a bit more money, we'd have more free money to give. But the wealthier people get, the more expenses they accumulate, meaning there is not that much "spare" income.

The result is that we often pass the buck, thinking that the wealthier peop...

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...

WES MOSS

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates