Get rich by Investing NOT by Saving !!!
Автор: Doodle Finance
Загружено: 2022-09-19
Просмотров: 78978
Get rich by Investing NOT by Saving !!!
The story of Bunti and Bubbli is the story of majority of people on this planet. Poor remain poor , while the middle class remain middle class , but the rich keep getting richer . What makes the rich gets richer and not poor ?. Why can't poor and middle class people catch up with Rich people ?.
Poor work hard and earn money. Spend it on necessary expenses. Resulting in less to No month end savings.
Middle class on the other hand , earns money and spends it on necessary expenses and liabilities. They own a house with the assumption of it being an asset. Which is not true. It does help you make money in the long run but smartness is to make your asset make you money from day 1 , by renting it out , which middle class people do not follow. They end up with little month end savings which they prefer to deposit in the bank.
Rich people earn money , pay off the expenses and liabilities. They put a major portion of their month end saving towards building assets like houses or investments. In the end they set aside some portion of month end savings as an emergency fund. They always have investor mentality and NOT consumer mentality like poor and middle class people. Rich use the money from asset to build more asset. They set up their finances in such a way that they earn money when they are sleeping , so that they can spend money when they are awake. This is only possible by investing.
Now that you know the importance of investing . How would you like to spend your money ? SAVE or INVEST ?.
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