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Your Financial Health


 
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#1 eds

eds

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Posted 04 October 2014 - 11:23 AM

Your Financial Future:
. . . Your Basic Cash Flow,
. . . Cash Paths You can take,
. . . How to Measure Your Financial Health.

What do the poor & middle class do?
The poor and middle class usually stay ‘poor’ and ‘middle class,’
. . . because of their mindset and financial education.
Once they get more money than they need for expenses,
. . . they usually spend it on liabilities.
The energy, time and labour from working for their money now,
. . . effectively turning “Cash into Trash.”  
Here are some examples of purchases that the poor and middle class make with excess funds:
. . . . . . Food (Eating out, costs more than eating in home)
. . . . . . Clothes (Keeping up with the latest styles, requires more storage area)
. . . . . . Homes
. . . . . . Vehicles
. . . . . . Entertainment and entertaining others (parties etc.)
. . . . . . Costly electronics
. . . . . . Trips
. . . . . . Household gadgets.

What do the rich do?
The rich purchase assets, their money begins working for them and
. . . begins to compound, making them richer and richer!
. . . . . . Stocks, bonds, mutual funds, etc
. . . . . . Investment real-estate
. . . . . . Businesses.

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#2 eds

eds

    Shifted

  • Global Moderator
  • 3,980 posts 263 rep

Posted 03 April 2016 - 10:44 AM

View PostThersher, on 03 April 2016 - 04:11 AM, said:

So all that hard work on your part was for nothing or did you actually do nothing at all?

There is no "Hard work" involved,
. . . it's all in your "mindset, and financial education."

"Cash Flow" + "Net Worth" = "Financial Health" (of the Poor, Middle Class, or Rich)

You are, what you are, because of your "mindset, and financial education,"
. . . if you want to change . . . simply change your "mindset, and financial education,"
. . . (do you know what an "Income Statement" & "Balance Sheet" are?
. . . . . . and do you know what yours, says about you?)
. . . some people will fill these out, and change the way they spend their money,
. . . most people will NOT change.
But, there's no "Hard work" involved,
. . . it's all in your "mindset, and financial education."

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