Fours Forces To Build Wealth | Inflation, Debt, Taxes and Investing | "Master Investor" #invest

Fours Forces To Build Wealth | Inflation, Debt, Taxes and Investing | "Master Investor" #wealth #invest #biz #livestreaming #business #live #masterinvestor

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Summary:

It is not how money we make, but it how much keep.
The key to being wealthy is not how much money you make, but rather how much us keep.
The way out of the rat race lies on the right side of the Cash Flow Circle®.
We need to have the correct mindset about money and excellent financial intelligence to get wealthy.
It is not only excess of money that makes us wealthy, but our financial knowledge and free time we have determines how wealthy we are.

The wealth formula is found by understanding how much time we have without working and running out of money to pay our living expenses and all other expenses we may acquire. Wealth is measure in time not only in money. Divide all money we have now by our monthly expenses. The amount of time we can have without working or worrying about running out of money is our wealth number.

First, we must lear about money and apply the simple concepts of the wealthy person.

How Money Really Works?

The concept of having a big salary is generally positive. It's horrible for the wealthy people. Low costs are generally seen as a positive feature. Once again, it is awful for the wealthy.

Money is just an idea backed u by confidence today. Once we master and grasp how the monetary systems works today, then we have the chance to become truly wealthy. As getting wealthy takes understating of how wealth is created by the ultra wealthy. There are patterns that we should have in us in order to build true wealth. Let’s talk about the financial statement’s pattern of the wealthy.

The ability to reading and improving our personal financial statements by investing in sounds assets is the foundation of true wealth. this requires finical education as we all need the data we were not taught about money.

Finishing reading the article: https://masterinvestor.substack.com/p/fours-forces-to-build-wealth

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