If you plan to be rich, learn some rules.

If you want to build a skyscraper, the first thing to do is to dig into the ground to develop deep foundations. If you want to build a log cabin, it will settle the land and the destruction wrought and then embrace it.

 Most of those who try to get rich today simply levelling and destruction wrought — without digging any deeper foundations – to build a skyscraper. These foundations are the financial culture.

The first and only financial base: learn the difference between assets and liabilities. It seems simple, but the general public are unaware and therefore suffer financially and fall prey to debt and bankruptcy and poverty.

What assets – and what are the liabilities?

What distinguishes assets for liabilities is numbers, and if you can’t read the numbers, they would not differentiate between assets and large hole in front of you on the road. In accounting, if you do not understand what you say you numbers, you like echoes words — without understanding their meaning.

If you plan to be rich, learn some rules

If you want to be rich, you have to understand what you’re saying and meaning of numbers. Numbers are what differentiate between assets and liabilities. The following rule will accept spin accountants and economists, it says:

Assets are things that put money in your pocket.

Liabilities are the things that come out of your pocket money.

On his intuition, causing ignorance of this difference of financial suffering for many people.

If you want to be rich, be sure to spend your life in the purchase of assets. If you do, you are going to be middle-class and poor.

With officialdom in their daily lives, not because they don’t get the money, but because they spend what you get money in purchase liabilities.

Let’s compare, according to this concept, between the poor and rich

Poor:

Employment, generate income, go on expenses such as food, drink, clothing, rent, transportation, and taxes.

Assets: none

Liabilities: none

Individual middle class:

Employment, generate income, go on expenses such as food, drink, clothing, rent, transportation, and taxes.

Assets: none

Liabilities: credit cards, loans, mortgage

Rich:

Assets: unlisted shares, real estate, intellectual property

Income: dividends, rents, rights to intellectual property

Liabilities: none

For simplicity, these examples tell a lot. That way your control in your income is determined for any layer into.

These examples illustrate why back poor people fall on them sudden wealth to being poor again after these top notes.

These examples answering question employee who increased his salary, but it still suffers from lack of money left.

If you plan to be rich, learn some rules

Get more money-income-salary will not solve the problem, but speed up the emergence of symptoms.

If you find yourself in a hole, stop digging!

How do we measure wealth and get rich? In accordance with the talent (or failed – would also like to call it), r. Buckminster Fuller, richer is to answer the following question: how many days can remain alive if it stopped working today?

Wealth is the amount of revenue earned by assets, compared with expenses box.

Whenever I drew money to buy assets, the higher the returns, the greater the financial flow. Whenever financial flow greater than bleeding expenses, will grow richer and richer.

Remember this simple rule, the rich buy assets, and the poor have only expenses, while the middle class buys liabilities they do you think they are assets.

The rich are eager to buy assets profit-generating. The poor and the middle class buy liabilities believing it assets.If you plan to be rich, learn some rules.