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Liberty Financial In Today World

Liberty Financial In Today World

It’s not how much money you

make

It’s how much money you keep

Liberty Financial – Retirement does not mean not working, for me, it means that, the bearing unforeseen cataclysmic changes. We can work or not work, and our wealth grows automatically, staying ahead of inflation.

People always ask ”How can I get make millions” there is any book that should prefer to become rich. There to focus on money and not on their greatest wealth, their liberty financial. If people are prepared to be flexible, keep an open mind and learn, they will grow Richer and Richer despite tough changes, if they think money will solve problems. They will have a rough ride. Intelligence solves problems and produces money, money without liberty financial is money soon gone.

Most the people fail to realize that in life, it’s not how much money you make it’s how much money you keep. We have all heard stories of lottery winners who are poor then suddenly rich, and then poor again they win Millions yet are soon back where they started. Or stories of professional athletes, who at the age of 24 are earning millions but are sleeping under a bridge 10 years later because they have lack of Liberty financial.

So, when people ask ”where they can get started” or ”how to get rich quick” they often are greatly disappointed with this answer which is ”If you want to be rich you need to be liberty financial.”

Factors Affecting

Financial Liberty

Strong foundation

If you are going to build the Empire State building. The thing you need to do is dig a deep hole and power strong Foundation. If you are going to build a home in the suburbs, all you need to do is pour a 6-inch slab of concrete. Most people in their drive to get rich, are trying to build an Empire State building on a 6-inch slab.

School system

Our school system created in Ukrainian a district believes in homes with no Foundation that floor is still the rage showcase graduated from school with no Liberty Financial.

 

Difference between Asset And A Liability

 

 

LIBERTY FINANCIAL

 

If you want to be rich, This is all you need to know. It is the only rule this may sound absurdly simple, but most people have no idea how profound this rule is most people struggle financially because they do not know the difference between an asset and a liability.

”Rich people acquire asset the poor and middle class acquire liabilities that they think are an asset”

You have to understand the difference if you want to be rich. I know after hearing this statement question will arise in your mind ”what is an asset” don’t worry!

 

just let the idea sink into your mind. If you can comprehend the simplicity, your life will have a plan and be financially easy. It is simple, that is why the idea is missedLIBERTY FINANCIAL

It means all you need to know is what an asset is, acquire them and you will be rich

I know again another question is an uprise into your mind. which is ”If it’s that simple how can everyone is not rich” so my answer is that ”Because people do not know the difference between an asset and liability”

If you want to be rich you must follow the KISS principle (keep it super simple/ keep it simple stupid) This made you financial Foundation strong and increases your liberty financial.

Again it causes the confusion into your mind?  how could something so simple be so screwed up? Why would someone buy an asset that was really a liability? The answer is found in basic education.

What is an Asset?

You have to focus on the World ”Liberty” and not ”financial liberty” what defines something to be an asset or a liability or not words. In fact, If you really want to be confused, look up the words asset and liability in the dictionary. I know the definition may sound good to be trained accountant, but for the average person, it makes no sense.

 

LIBERTY FINANCIAL

 

 

But if you think deeply ”what defines an asset are not words but numbers and if you can’t read the numbers you can’t tell an asset from a hole in the ground.

In accounting” means ”It’s not the number but what the numbers are telling you it’s just like what it’s not the words but the story the words are telling you.”

” If you want to be rich you have got to read and understand numbers”

” The illiterate of the 21st century

will not be those who cannot read and write,

but those

who cannot learn unlearn,

and relearn”

Here is how to tell the difference between an asset and a liability. Most accountants and financial professionals do not agree with the definitions, but these simple drawings were the start of a strong financial foundation for youth or everyone who wants to be a Re Chanda dedicate to their work.

This is the cash flow pattern of an asset:

liberty financial

The top part of the diagram is an income statement of an called the profit and loss statement it measures income and expenses money in and money out. The lower part of the diagram called balance sheet it called that because it’s supposed to balance assets against liability. Many financial novices do not know that relationship between the income statement and the balance sheet and it is vital to understand that the relationship so as, I earlier said ” assets put money in your pocket” nice simple and usable.

This is the cash flow pattern of a liability

liberty financial

Now that assets and liabilities have been defined through pictures it may be easier is something that puts money in my pocket whether I work or not a liability is something that takes money out of my pocket this is really all you need to know. If you want to be rich, simply spend your life buying or building assets, if you want to be poor or middle class spend your life buying liability.

Illiteracy both in words that number is the foundation of struggle if people are having difficulties financially there is something that they don’t understand, either in what all number, the rich are rich because they are more literate in different area then people who struggle financially is so if you want to be rich and maintain your wealth, it’s important to be financially literate, in words as well as numbers.

The arrows in the diagrams represent the flow of cash or ”cash flow” numbers alone means little just as words out of context mean little it’s the story that comes in financial reporting reading number is looking for the plot the story of where the cash is flowing in 80% of most family is the financial story paint a picture of hard work to get ahead. However, these efforts are for not because they spend their lives buying liability instead of assets.

This is the cash flow pattern of a poor person.

liberty financial

This is the cash flow pattern of a person in the middle class

liberty financial

This is the cash flow pattern of a rich person

liberty financial

All of these diagrams are obviously oversimplified, everyone has living expenses the need for food, shelter and clothing.

A diagram shows the flow of cash through a poor, middle class, and wealthy person’s life. It is the cash flow that tells the story of how a person handles his or her money but more money will not solve the problem in fact it may compound the problem most often makes obvious our tragic human flaws putting a spotlight on what we don’t know that is why all too often a person who came into a sudden windfall winnings soon return to the same financial mess.

If not worse than the cash flow pattern running in your head. If your pattern is to spend everything you get most likely and increase in cash will just result in an increase in spending, Thus saying,

”A fool and his money is one big party”.

 

The power of the mirror

More money seldom solve someone’s money problem intelligence solve problems. There is a saying a friend of mice uses over and over to people in that ”if you find you have dug yourself into a hole… stop digging “?

 

Power of mirror

I don’t know how many people know this Japanese were aware of three powers the power of the sword the jewels and the mirror the sword symbolises the power of the weapon, America has spent trillions of Dollar on weapons and because of this, is a powerful military presence in the world.

The jewels symbolise the power of money there is some degree of truth to the saying

” remember the golden rule he who has the gold makes the rule”.

The mirror symbolises the power of self-knowledge. This self-knowledge according to Japanese Legend was the most treasured of the three.

All to often, the poor and the middle class allowed the power of money to control them by simply getting up and working harder feeling to ask themselves. If what they do make sense, they shoot themselves in the foot as they leave for work every morning. By not fully understanding money, the vast majority of people allowed it’s awesome power to control them. If they use the power of the mirror they would have asked themselves Power of mirror”Does this make any sense”. All too often instead of trusting there in wisdom, that genius inside most people follows the crowd. They do things because everybody else does them they conform, rather than question often they mindlessly repeat what they have been told

”Diversify”, ” Your home is an asset”, ”Your home is the biggest investment “, ”You get a tax break for going into greater debt”, ” Get a safe Job”, ” Don’t make mistake”, ” Don’t take the risk”.

 

It is said that the fear of public speaking is a fear greater than the death of most people. According to two psychiatrists, the fear of public speaking is caused by the ostracism, the fear of standing out, the Fear of Criticism, the fear of ridicule and the fear of being and outlast.

The fear of being different events most people from seeking new ways to solve their problems that is why the Japanese valued the power of mirror the most, for it is only when we look into it that find truth fear is the main reason that people say ”play it safe” that for anything be its sports, relationships, careers, or money.

A person can be highly

educated, professionally

successful, and

financially illiterate.

 

It is that same fear of ostracism, that cause people to conform to, and not question commonly accepted opinions or popular Trends: ”your home is an asset”, ”get a bill consolidation loan and get out of that work harder”, ”it’s a promotion someday”, ”I will be a vice president”, ”save money”, ”when I get a days I will busy as a bigger house”, ”Mutual Funds are safe” many financial problems is caused by trying to keep up with Jones’s. Occasionally we all need to look in the mirror and be true to our wisdom rather than our fear.

 

 

 

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