Wealth is the amount of time one can go without a money recouping income. You have two options for this: A) Save enough money to sustain your life for a prolong period of time. This is done by figuring out what your total amount of expenses are plus any leisure expenses you may encounter. Of course your emergency money is being built up in your “Security Need”. This gives you some comfort level, though remember that your Security Need is used only when there are no other methods of money. If you run out of money, start recouping as to keep away from your Security.
B) investing your money into “Assets”. Creating opportunities through Asset growth causes your money to work 24 hours a day while you are living your life. This also helps a person “Budget Their Time” so they can work on living their dreams. Assets are designed to earn a person wealth. When you learn to reinvest assets into other assets you’ll be on your way to designing an empire of possibilities. The advantage to working with Assets is your money will constantly grow, where as saving money will dwindle in time.
Saving recouped income is all about working hard. Investing starts with a few dollars plus your time. Create investing opportunities by distributing 20% of your earnings over expenses into your “Growth Need”. This is a great start to help solidify your “Triangle of Life” with any money placed into your Growth Need. Protecting one third of your eggs into a venture will insure a good start to longevity. Everything comes into place when you begin setting up Assets with your Growth Need. With your “Security Need” existing as a contingency plan, you’ll be safe to take chances.
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