Personal Finance Course

Also, if you have a good product and you have well managed business, it is that there will be many people who will seek to buy your product, so you will have to force yourself to damage your sales and thus follow the path of poverty. Investor, forget it, is almost impossible for an investor to pay taxes. Here’s why: most of the investments that pay high yields are recorded with taxes, but the majority of investors have losses that offset those taxable income. Now, if your you invest in products of lower profitability, as the bonds of the State, it is that these are usually tax-free. Basically, no matter how how you look, being an investor simply not going to be poor. It is much easier to reach poverty working 40 + hours per week in a job, than sitting on a leather sofa being the owner of a collection of investments.

Being poor? Stay and defend your job and your salary. # 6 Assets and liabilities looks like something that people simply cannot understand is the concept of the cash flow (Cash flow). The best way to explain it is that in the cash flow assets give you eat and liabilities you bleed every month. If you want to be poor trafficking qualify for the largest mortgage you can. That money comes out of your Pocket every month will take you quickly to the path of poverty.

Now I know what you’re thinking a House is an asset then you are producing money through capital gains. Incorrect! We are talking about CASH FLOW, assets and liabilities. The mortgage of a House will only decrease your monthly cash flow and only will increase in the month you sell, if you manage to sell it some people more poor people we know have houses very, very large. If you manage a contract of mortgage with the greater possible time, while longer better, this undoubtedly will help in the way poverty. # 7 MAKING THE COMMITMENT. You have to have the desire, you can do it. If you can handle the way many, many taxes, spend all your time in a job that gives you a wage insurance, avoid always start your own business, never educate yourself financially or make any type of investment, you’ll be poor. There is simply no way around it. It may be that your appearance is not poor, because to keep in the negative terrain that monthly cash flow, you may have to drive a large and elegant car and living in a giant House. But, as long as expenses are greater than the income you’re progressing towards obtaining cherished poverty. It is that simple. You spend more of what they earn, every month. Gives all your money to the rich and not you you forget to pay your taxes. Pretty simple, yes or no? Now you know how to be poor. But if what you are interested in is the opposite, i.e. having enough revenue to eliminate the financial problem of your life and dedicate yourself to do what you like and are interested in, we suggest you start your financial education. The school’s wealth have online and classroom courses.

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