What would you do, if you win 1,00,000 dollars while reading this post?
80% of us will spend this money in a span of a month. 16% will manage to save mere 1000 dollars. Only 4% will multiply the amount by utilizing the power of their inner genius, Financial Intelligence.
Thousands of people who win lotteries become poor again in no time due to this human behaviour. Majority of us rely on “working for money, instead of money working for us.”
We go to school, get educated, a good pay job, and wait for promotion to make money. We forget to realize, harder we work, more taxes we pay, our expenses rise, luxuries increase with the pay. We buy a car, house with our hard-earned money. That’s how an average person spends money and lives his life, dreading for more and more. Wanting to improve his lifestyle and work hard each day for someone else. We forget to mind our business in this process, business of making money work for us instead of working for money. And often we get trapped in the rat race where we never have enough money because of our spending patterns.
Robert Kiyosaki, author of bestseller, “Rich Dad Poor Dad”, describes how understanding of assets, liabilities, basic investing can ensure to make anybody Rich. Continue reading “Art of Making Money”