The Purpose Of Creating These Mock (eBook, ePUB)
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Study the diagram above and notice if you can see the difference. Again, you have to understand the cash flow to understand the story. Most people just look at the numbers and don't read anything. If you can truly understand the power of the cash cycle, you will quickly see what is wrong with the next picture, or why more than 90% of the population has to work hard all their lives and need financial support. Government assistance such as social benefits when no longer able to work.Can you see? The diagram above reflects the activities of an individual who chooses to pay himself first. Each mon...
Study the diagram above and notice if you can see the difference. Again, you have to understand the cash flow to understand the story. Most people just look at the numbers and don't read anything. If you can truly understand the power of the cash cycle, you will quickly see what is wrong with the next picture, or why more than 90% of the population has to work hard all their lives and need financial support. Government assistance such as social benefits when no longer able to work.
Can you see? The diagram above reflects the activities of an individual who chooses to pay himself first. Each month, they put money into the asset column before paying their monthly expenses. Even though millions of people understand the saying "Pay yourself first," in reality, they always pay themselves last.
Now I can hear the boos from those who sincerely believe in paying their bills first, and the naysaying from the "responsible" people who always pay their bills on time. I'm not saying you should be irresponsible and not pay your bills. I say do what the book says, "pay yourself first." And the diagram above is an accounting picture that accurately describes that action, not the following picture:
There have been many years in my life when, for some reason, my cash flow was much lower than my bills, but I still always paid myself first. My accountants shouted in panic: "The tax authorities will put you in jail." "You will not be able to use this credit card again!" "They will cut off the electricity!" I still pay myself first.
Why? Because that is the power of self-discipline and the power of the spirit, or to put it more commonly, it is grit.
As rich dad taught me in my first month working with him, most people let the world push them around. Have the courage to go against the tide and you will be rich. You may not be weak, but when it comes to money most people become timid.
Can you see? The diagram above reflects the activities of an individual who chooses to pay himself first. Each month, they put money into the asset column before paying their monthly expenses. Even though millions of people understand the saying "Pay yourself first," in reality, they always pay themselves last.
Now I can hear the boos from those who sincerely believe in paying their bills first, and the naysaying from the "responsible" people who always pay their bills on time. I'm not saying you should be irresponsible and not pay your bills. I say do what the book says, "pay yourself first." And the diagram above is an accounting picture that accurately describes that action, not the following picture:
There have been many years in my life when, for some reason, my cash flow was much lower than my bills, but I still always paid myself first. My accountants shouted in panic: "The tax authorities will put you in jail." "You will not be able to use this credit card again!" "They will cut off the electricity!" I still pay myself first.
Why? Because that is the power of self-discipline and the power of the spirit, or to put it more commonly, it is grit.
As rich dad taught me in my first month working with him, most people let the world push them around. Have the courage to go against the tide and you will be rich. You may not be weak, but when it comes to money most people become timid.
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