By John Sage
When it comes to financial savings,there are possibly simply 2 types of individuals worldwide.
Those that invest their income and attempt to conserve what is left at the end of every week or fortnight,at the end of each pay package. That’s it,that’s the first team. Pretty basic really.
The second team type are those that conserve first and invest what’s left. That is,the second kind of person establishes a regular,pre-determined amount of funds aside on a regular basis. This amount is generally either a set dollar amount every week or month depending on how commonly they are paid. Occasionally they reveal the amount as a percentage of what they are paid,generally at least 10% of income. They establish this amount aside in a self-displined fashion; and then invest what’s left. That’s it. Also quite basic isn’t it.
The difference is that the income from “person at the workplace” income is short-lived. As long as your primary income originates from your own personal effort,your income remains short-lived. That is,the minute you quit,the cash quits.
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The large majority of individuals invest their lives counting on their own personal effort. However the “financier” makes every effort to builds wide range with the accumulation of possessions. Their income for that reason derives from rents,rewards and passion. They have moved from counting on the short-lived income that derives from “person at the workplace” effort to taking pleasure in the monetary safety and security of easy income originated from “cash at the workplace”.
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