The next mindset change, after having others Abundance With Money Review work for you, instead of working for an hourly wage or on salary for the benefit of someone else is the idea of purchasing assets and using liabilities. To achieve the wealth of the rich 1%, you need to have others work for you, and you need to create assets while seeking to eliminate liabilities.
Assets can be best defined as something, which brings money into your life, and provides a positive cash flow. A liability is something which takes money out of your or at least has the potential to do so. The rich 1% are constantly looking to acquire new assets, and improve their cash flow by building passive income businesses. Most of the world wants to buy material objects, and things that are not valuable, or immediately depreciate in value.
I'm Edmund J. and I teach people how to become wealthy and live anywhere in the world. You will discover how to become wealthy, by harnessing the power of the 1% system, which I explain in detail at FinancialSafety.net/1-percent.
Is it possible to become wealthy as a renter. Absolutely. How. It is quite easy really. The concept of renting is not a negative to creating wealth as many people would have us believe. On the contrary, renting can and does offer some very advantageous benefits to your wealth creation program. Just compare the real costs or renting a home compared to buying a home.
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