Tuesday, January 10, 2017

Are You Living in a Full Life Cycle or You're Locked in a Half Life Circle ?

#2017FinancialResolutionPlan Are you living in a full life cycle or you're locked in a half life circle with a small inflow and a big expenditures list (Out Flow)?

Here are simple tips that compliments the once I shared late in 2016. The vicious circle, red line, thin line, invisible line, the golden line, whichever name you want to give it the rule of the thumb is that if you are born in a poor family it doesn't mean you will be stuck with the status quo for the rest of your life even if you have a zero foundation from your parents you can still make it through genuine means.

The secret that the rich might not share with you is that they have good discipline when it comes to money, at least those that I know their secret is in balancing the Inflow (Income) Vs. Outflow (Expenditures).

The Rich

  1. Hand to invest
  2. Operates a full life cycle.
  3. Makes the future
  4. Multiple sources of finance

The Poor

  1. Hand to mouth
  2. Operates a half life cycle
  3. Tomorrow will take care of itself.
  4. Single revenue stream.

Best wishes in 2017

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