How to stop living paycheck to paycheck, Assets vs Liabilities
How to stop living paycheck to paycheck assets vs liabilities - SUBSCRIBE, like, and share on social media. Help me reach 1000.
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Assets: Are properties and items that produce income.
Liabilities are items and property that depletes income (or subtracts from your income), things like, cable bill, phone bill, rent, mortgage, insurance, and car notes.
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All over America, its obvious that most people are comfortable with residual bills countering their income.
Here are 3 questions you may have to ask yourself before you can stop living paycheck to paycheck:
1. What are some of your best business qualities?
2. Where do you see your business practices leading you in the next 2 years?
3. What are some of your greatest investments, and why?
When you can answer those questions logically, than you can begin to see a true transformation.
One of the reasons why I speak the way I do in my videos is, because I recognize that economics is a language, and it's a culture. So if you are living paycheck to paycheck, a 5 or ten minute video can't help, and in fact, if my videos were only 5 - 10 minutes, they would only appeal to your subconscious mind, and not be practical enough for the viewer to identify with psychologically.
So moving along, what are some ways to start investing in assets, and decreasing overall liabilities? The process goes in steps that aren't always the same for everyone. Some people are on a fixed income, some aren't capable of practicing the strategies I discuss. I can't always tailor make a video for everyone, but I can toss around some practical investment information.
I can also give people a general idea about what they should read, or, what magazines they should think about subscribing too!
