Hello, once again, dear readers. Today I will expand more on a simple concept of wealth. Please do read on!
The road to financial freedom starts with making the choice to be rich. Once you have made the decision to be rich, next follows how you are going to be rich. A person's worth or wealth is measured by how much possessions in money terms the person has less what that person owes others.
Wealth is often a build up over time of possessions. You aquire possessions from your income. Income is the amount of money that a person earns over a given period of time. To earn an income one must spend time and to accumulate wealth, one must increase income and reduce expenditure.
A bit of economics here income equals expenditure, in simple terms. I personally don’t know what economics is – or are! All I know is that expenditure is simply money spent on consumption, savings or investments. In the book You Can Choose to Be Rich, Robert Kiyosaki gives a 3-step guide to wealth accumulation. Be sure to read this book or listen to the audio book as it has a lot of guidance to financial freedom.
Till later.
The road to financial freedom starts with making the choice to be rich. Once you have made the decision to be rich, next follows how you are going to be rich. A person's worth or wealth is measured by how much possessions in money terms the person has less what that person owes others.
Wealth is often a build up over time of possessions. You aquire possessions from your income. Income is the amount of money that a person earns over a given period of time. To earn an income one must spend time and to accumulate wealth, one must increase income and reduce expenditure.
A bit of economics here income equals expenditure, in simple terms. I personally don’t know what economics is – or are! All I know is that expenditure is simply money spent on consumption, savings or investments. In the book You Can Choose to Be Rich, Robert Kiyosaki gives a 3-step guide to wealth accumulation. Be sure to read this book or listen to the audio book as it has a lot of guidance to financial freedom.
Till later.
