Chapters 1 and 2 What is financial business
1, Why the rich get richer?
2, why the poor get poorer?
The main reason is that the rich continue to solve financial problems, while the poor to escape financial problems, to find financial experts to help solve financial problems, so as to increase financial business intelligence has not been running in place, the more money, the more of them will fall into financial problems!
Financial problems of the rich: too much money
Financial problems of the poor: enough money
How to solve? Training five kinds of financial business, first, to make more money; second, hold onto your money; third, budget your money, fourth, pry the lever money; fifth, to improve your financial information;
Chapter III make more money
Find ways to improve your ability to make money, make more money;
Chapter IV hold your money
Try not to work as the only source of funding, if earn money to pay taxes pay less than others, prove your financial IQ higher than others, money defensible than others;
Chapter V budget your money
Budget into deficit and budget surpluses;
Budget deficit represents less and less of your money in the budget, it will lead to increasingly poor month;
The budget surplus represents more and more money in your budget, not only will not change your standard of living, but also to embark on the road to prosperity;
The trick a budget, a budget surplus is an expense; such as savings, investment and so one item of expenditure;
Budget tips Second, the expenditure column is the crystal ball; time and money is very important asset to keep learning and keep your body healthy, wealthy in order to prop up the road;
Budget tips Third, my assets to repay my debt; such as the purchase of luxury cars with a capital investment to get, then not only my assets has not changed, but the purchase of luxury cars;
Budget trick Fourth, through the consumption become rich; for example, in times of economic downturn, not by spending cuts to keep the property, but to try to boost revenue to address the economic downturn;
Chapter VI lever to pry money
Only they can not control the investment of assets in people, leverage is dangerous!
Savings, stocks, bonds, mutual funds and index funds and other paper assets, the main drawback is uncontrollable;
The need to control the four main aspects, first, the income statement of income: Cushman second, the income statement expenses: Third operating costs, balance sheet assets: business, real estate fourth, the balance sheet liabilities: debt
As long as you learn to manage assets (controlled) and make it higher and higher profit margins can leverage to pry money;
Chapter VII improve your financial information
