"IDEA HOW TO GET RICH"

do you know something different?
the habit of their financial capability of poor, middle class and rich
it is so easy to differentiate the difference of this.
But not all people know about this.
It’s a very simple strategy that why is the poor get poorer
The middle-class stress out and no time
The rich are getting richer
If you want to know more about this continue reading my blog

Heres some facts.
First from poor people
This is the regular days of a poor people
they wake up very early in the morning to go to their work
if luckily they have a stable job usually contractual
minimum wage sometimes less than minimum wage
sometimes poor are so hardworking and patient with their monster boss
after work, their go home and get too tired
and they need to get rest to repeat their routine for tomorrow
it will do it every day to get their exact monthly wage.
This is not a new storyline
the strategy of poo when it comes to saving is
before they invest for their future
more often self pleasure first jolibee,shopping, cost here costs there
the silent killer of pocket going somewhere buying anything
that not important why? Because there is some sales in department store
their mind set because the garment are cheap so they wanna buy it. Even if this is not important
the result in the mid of a month their money is gone.
They remedy is cash advance or get loan with high interest
Even if the poor wants to change something in his career its useless they will do that as a routine.
For them to get paid the ash advance or their loan.
A poor is not a bad person many of us go through to this kind of strategy.
Not all graduate in school is become a successful someday
More often in mind set of taking care of money is hereditary
So where the money of the poor.
#1 income and expenses
#2 asset and liabilities
The practical meaning of income and expenses
And asset and liabilities
First the income
This is the money given to you by your works.
Meaning income = earnings
If the money goes out this is an expences
Meaning expence = cost
Now what is the asset and liabilities
Asset is when this thing is giving you an income
And liabilities when this thing is givine you an expenses.
Now go back to the question where is the money of the poor?
To simplify the answer more often in expences and liabilities.
Poor was dommed if there a posiblity to catch up and to change the lifestyle of poor?
I can answer that later.

For now let see the strategy of a middle class
In the first place much better to see a lifestyle of a middle class compare to the poor.
The truth is there is great chance of being rich when it comes to lifestyle of the middle class
Middle class have the house a car and you see them more often travelling and vacation.
And if a new gadget was release they can afford it to buy.
But many of us didn’t know many of this is from their credit card promo or installment.
And monthly they charge for the billing.
So wheres is the money of the middle class
The simply answer more liabilities than asset
Instead of investment of their mind set they need to upgrade their lifestyle first.
They mind set is convenience and quality to their lives.
If traditional economics is the basis
House and car is always an asset
To be practical in life this kind of mind setting is now updated
In the definition of asset is if the things will give you an earning
But when is this an installment this is not an asset
This is money out considered as liabilities
After months continue you have to get pay the bills again
The car is considered as asset when it will help you to get an income
For example if it use in business and not for pleasure
The house is considered as an asset when the house is a renting type like an apartment
Or an storage in business or if your business is buy and sell of a property.
So why the middle class no stressed out and no time because they need to pay the liabilities they need to go over time to get more salary increased.
For this kind of mind set if middle class want to build a business thaey cant because thay need to pay their monthly billings.
Middle class is kindly they want to give more time and happiness to their family but they cant because they need to work hard to pay they liabilities.
if there a posiblity to catch up and to change the lifestyle of the middle class?
Il can answer it that later

For now let see the strategy of a rich
Many of rich is self made
fruit of tiredness, sacrifice
in that they enjoy success
thay have a time and financial freedom.
They have a choice where to live what car they want and who was their company where and when they want on vacation in reality they have many chance to help others most especially donating in charity and sponsoring an event like outreached program.
Lets go back to the question where is the money of rich?
If rich have a money they invest it into asset and this asset will make their earnings to create a big asset
And if the asset get big they invest it again to another asset
What an example of this kind of assets
Investment,apartment,rent a car,profit education like seminar,training etc…
Anything That they can help you to make rich this is considered as asset too..
“If you think education is expensive try ignorance”
Business is considered as an asset this is what we called a passive income.
How can rich work their time and financial freedom.
The secret is passive income and leverage.
Passive income meaning money keeps on going even if your participation to your works is done.
Less more time for rich to maintain the passive income even if their in a sleep their money will continue to grow.
Leverage meaning ability to do moreand more with less and less
In short the true leverage is the capability to do more things by the little capital.
Heres an example for you to understand more
The biggest drug store in the country theres a lot of destruction on world war II
After this people need to rebuild this will enter MARIANO QUE he see the demand of a kind of antibiotic this Is called a sulfa drugs he use his knowledge as leverage.
The people have enough information is ahead to some who have not
He use a 100peso to buy a sulfa tablets and earn while selling it
His earning use again to buy more tablet and sell it again.
And his routine goes on and on
The earning he has he did not use in expenses like car house etc.
He save his earning and build a cart. He use this cart to sell more antibiotic tablet
The cart he use is an asset and he give a leverage
In 1945 he earned money and get his first drug store this is mercury drug. Now even mariano get sleep his income is continuing to earn he has 900 branches and and 11,000 plus employed for his drugstore.
BOSS – LEVERAGE – BRANCH – EMPLOYEE
Now all the question for poor and middle class heres an a simply answer
Use your money to start an passive income
Many kind of business or strategy how to make a passive income
Make prioritize to get more asset than liabilities

This is the conclusion to get you rich
Not making money will make you rich
You must know how will you spend your money
make your own strategy like now so many media site that you can earn money.
To habit to make asset not a liabilities.

Source: Screenshot of pictures is taken from Google.

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