Скачать или смотреть Why the Rich people focus on Assets not liability ?

Rich people focus on asset column but others focus on income column.

Theory of creating wealth and poor people in India types

Asset Rich, Income Poor

This is an interesting category of people. A lot of people are asset rich, but Cash poor. You must be wondering how?
The best example of this category are some senior citizens who do not have any source of income, but they have good assets. However, they are either living in that property or it's used by their kids now.

Asset Rich, Income Rich

This is simply the people who are at the higher end of the pyramid. With their several years of experience and discipline, they have created good wealth and also earn decent money each month. They are free from debt now (mostly)
A very high-level description for these people would be those who have
• A house of their own without any loan
• A good car without a loan
• A stable and secure income stream of upwards of 1-2 lacs per month
• Enough money lying in bank accounts or mutual funds/stocks
So what makes you Poor or Rich?
It’s all about how you structure your financial life and what shape you give it over the years. There is a big difference in the cash flow of Poor people and Rich people and THIS VIDEO has a diagram that shows it in a very simple way.
Poor people – Earn and simple Spend that money on expenses, they keep doing this all their life and never build any assets

Middle Class – While middle class earns better income compared to poor people, still, they create enough liabilities which eat up all their income, if anything left after expenses

Rich People – Rich people do something different, they focus on creating assets which generate income for them over the years. It can be the dividend from stocks, mutual funds or building real estate which gives income.


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