The difference between the rich and the poor is that the rich save and invest part of their earnings in ventures that yield them returns or gains, while the poor eat all they earn. Unfortunately, many of us don't save or invest. We eat everything and don't leave anything for sowing forgetting that it is only when you sow, you can talk of harvest.
What is Investment?
Investment in economic sense, an investment is the purchase of goods that are not consumed today but used in the future to create wealth. In finance, investment is a monetary asset purchased with the idea that the asset will provide income in the future or appreciate and be sold at a higher price'. - investopedia.
Why invest?
*to save for the rainy/prepare for the future/safety
*for any eventuality
*so you don't work all your life
*so that your money will work for you
*to save for a purpose/project
What you invest in is called an asset and any asset that does not yield any returns becomes a liability. So the rich try their best to cut down their liabilities and increase their revenue gaining assets. So, what assets have you invested in.
What you invest in
*Shares of companies quoted on the stock market
*Bonds/treasury bills
*Mutual funds
*Real estate/properties
*invest in a business/venture that ultimately becomes your cash cow. Cash cow because no part of a cow is a waste. From cow, you get milk, hides/skin, manure, meat for protein, etc.
*fixed deposit
*Get involved in multi-marketing Robert Kiyosaki says it's the most secure to invest and earn passive income all your life.
*Invest in agriculture or food business because people must eat.
*Invest education all institutions because parents in the 21st century must send their children to school.
Who can invest?
Everyone can invest regardless of your level of income. Make it a habit to save 10% of your income, invest 10% of your income, pay 10% of your income as tithe and the remaining becomes your disposable income.
Be like the ant that keeps something for the rainy day or the farmer who doesn't eat his produce but keeps some as seed for sowing for the next planting season.
Robert Kiyosaki, author of rich dad, poor dad on investment
*understand and mastering the game of investment
*know the kind of income you're working for - ordinary income, portfolio income, passive income(multi-level marketing)
*convert ordinary income to passive income
*the investor is the asset or liability
*be prepared
*good deals attract money
*learn to evaluate risk and reward
What to do
*Seek out investment opportunities
*Secure the services of an investment planner.
Books to read: Rich dad, Poor Dad/Business in the 21st century both by Robert Kiyosaki and The Richest Man in Babylon.
There are different levels of marketing business you can invest in today, like aim global, it's a life time business investment which you stand to benefit if you register.
A trial will convince you.
Thanks
Written by IhawksFrank Singian
www.facebook.com/frank.singian.7
Investment in economic sense, an investment is the purchase of goods that are not consumed today but used in the future to create wealth. In finance, investment is a monetary asset purchased with the idea that the asset will provide income in the future or appreciate and be sold at a higher price'. - investopedia.
Why invest?
*to save for the rainy/prepare for the future/safety
*for any eventuality
*so you don't work all your life
*so that your money will work for you
*to save for a purpose/project
What you invest in is called an asset and any asset that does not yield any returns becomes a liability. So the rich try their best to cut down their liabilities and increase their revenue gaining assets. So, what assets have you invested in.
What you invest in
*Shares of companies quoted on the stock market
*Bonds/treasury bills
*Mutual funds
*Real estate/properties
*invest in a business/venture that ultimately becomes your cash cow. Cash cow because no part of a cow is a waste. From cow, you get milk, hides/skin, manure, meat for protein, etc.
*fixed deposit
*Get involved in multi-marketing Robert Kiyosaki says it's the most secure to invest and earn passive income all your life.
*Invest in agriculture or food business because people must eat.
*Invest education all institutions because parents in the 21st century must send their children to school.
Who can invest?
Everyone can invest regardless of your level of income. Make it a habit to save 10% of your income, invest 10% of your income, pay 10% of your income as tithe and the remaining becomes your disposable income.
Be like the ant that keeps something for the rainy day or the farmer who doesn't eat his produce but keeps some as seed for sowing for the next planting season.
Robert Kiyosaki, author of rich dad, poor dad on investment
*understand and mastering the game of investment
*know the kind of income you're working for - ordinary income, portfolio income, passive income(multi-level marketing)
*convert ordinary income to passive income
*the investor is the asset or liability
*be prepared
*good deals attract money
*learn to evaluate risk and reward
What to do
*Seek out investment opportunities
*Secure the services of an investment planner.
Books to read: Rich dad, Poor Dad/Business in the 21st century both by Robert Kiyosaki and The Richest Man in Babylon.
There are different levels of marketing business you can invest in today, like aim global, it's a life time business investment which you stand to benefit if you register.
A trial will convince you.
Thanks
Written by IhawksFrank Singian
www.facebook.com/frank.singian.7
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