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MoneyDecisions101 Brings you information and methods to help improve your financial future.
Introduction
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MoneyDecisions101
=> Making Money
Things that take money from you are known as liabilities.
Please note that you have to be careful labeling the two! For example, your house (residence) is never truely an asset unless you sell it and make a profit. Why? Because it costs you money to own it, sustain it, and insure it. Overall the key to becoming financially successful, is to have many more assets than liabilities. Your mentality along with creativity, is the key to this and (very important) be fair and never become greedy. Greed kills prosperity! You have to create or obtain assests and minimize ownership of liabilities.
Once your assets generate more income than your liabilities, you are financially
free.
Income can be classified as ACTIVE or PASSIVE.
How do you build wealth?
Please educate yourself. Here are ways for you to make money:
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