appeal 请求
crumble : decay 崩溃
Agrarian:农业的
cramped:拥挤的
dogma:教条
If people areprepared to be flexible, keep an open mind and learn,they will growricher and richer through the changes. Ifthey think money will solve problems, i am afraid those people will have a rough ride. Intelligence solves problems and produces money. Money without financial intelligence is money soon gone.
Rule one. It is Rule No.1. It is the only rule.You must know the difference between an asset and a liability, and buy assets.
An asset is something that puts money in my pocket. A liabilityis something that takes money out of your pocket. If you want to be rich, simply spend your life buying assets. If you want to be poor or middle class, spend your life buying liabilities.
Pattern of a poor person, or a young person still at home:
Job(provide income)---Expenses(Taxes Food Rent Clothes FunTransportation) ---Asset(none) ---Liability(none)
This is the cash flow pattern of a person in the middle classl:
Job(provide income)---Expenses(Taxes Food Mortage Clothes FunTransportation) ---Asset(none) ---Liability(mortgage consumer loans credit cards)
This is the cash flow pattern of a wealthy person:
Assets( stocks bonds notes real estate intellectual property)---income( dividends interest rental income royalties)---Liabilities(none)
An intelligent person hires people who are more intelligent than they are.
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