Documente Academic
Documente Profesional
Documente Cultură
Date: Jan2010
Asset Liability ▲
-taxes,
mortgage,
car loan,
credit card
Year 2000 Year 2010
We are in rat-race. The higher the income, the higher the desire to spent and increase
expenses and liabilities.
2. You won’t be wealthy until your asset can generate income equal or more to your
expenses.
Income
Expense
Asset Liability
To start with, we have to buy asset that we can afford from excess of our income
(income – expenses). The asset has to create higher value asset or generate
monthly income. Hint: Buy low and sell at or lower than market value.