You need to redefine wealth if you are serious about being wealthy. Redefine wealth!! In studies of millionaires, people are surprised to learn that most millionaires aren't doctors, lawyers, and corporate leaders with big houses and fancy cars; they're people who religiously live below their means and invest the surplus into assets, rather than liabilities. Know what you're investing into.
It's an asset if it will bring you more positive cash-flows, it's a liabilities if it will cost you additional money to keep!! Get it? Example: My car is a liability because it takes money from me in running costs as well as maintenance costs. An asset vehicle would be one that I use for extra money, e.g, if I owned a cab, it would be an asset because of the expected cash flows. The idea is to match assets and liabilities and to strike a balance. Remember, the accounting equation??? Regards, Simanga -- God is love... -- You received this message because you are subscribed to the Google Groups "tribewithavibe" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/tribewithavibe?hl=en.
