If you want to be rich quickly, you need to know what the rich buy on their pay-day!
Friday, November 3rd, 2006Before we begin, we needed to get some definition straighten!
- “Income” - the money that is going into your bank account
- “Expense” - the money that is going out from your bank account.
- “Liability” - an item that take money out from your bank account.
- “Asset” - an item that put money into your bank account.
So, if we all agreed on the term above, then, we shall proceed on with our findings. However, in order to understand the rich better, we needed to see what the other 2 classes of populations were buying on their payday. (more…)