“ “ LIFE PUSHES ALL OF US AROUND. MOST PEOPLE LEAVE THEIR JOBS SOME PEOPLE GIVE UP AND OTHERS FIGHT. BECAUSE THEY AREN’T RECEIVING ENOUGH MONEY. A FEW LEARN THE LESSON AND MOVE ON. THEY WOULD HAVE ALREADY QUIT. THEY WELCOME LIFE PUSHING THEM AROUND THE WEALTHY SEE IT AS AN OPPORTUNITY TO LEARN ” ” Life will push you around THE POOR ” THE RICH DON’T WORK FOR MONEY + One of life’s biggest traps “ “ + 1 “ AND MIDDLE CLASS WORK FOR MONEY. THE RICH HAVE MONEY WORK FOR THEM. LESSON PEOPLE’S LIVES THEY WORK VERY HARD ARE FOREVER CONTROLLED BY TWO FOR LITTLE MONEY, CLINGING TO THE Fear and Greed ILLUSION OF JOB ” A SKIMPY PENSION ” Seeing what others miss INCOME STATEMENT Habit “ LESSON IT’S NOT HOW MUCH MONEY YOU MAKE IT’S HOW MUCH MONEY YOU KEEP ” WHY TEACH FINANCIAL LITERACY? + “ YOU MAKE IT’S HOW MUCH MONEY YOU KEEP INCOME EXPENSES BALANCE SHEET ASSETS ” LIABILITIES ASSET Your home is NOT an asset Cash-Flow Patterns INCOME STATEMENT INCOME EXPENSES IT’S NOT HOW MUCH MONEY ASSETS VS LIABILITIES BALANCE SHEET ASSETS LIABILITIES LIABILITY + 2 EMOTIONS: FEAR AND GREED SECURITY...3 WEEKS VACATION....AND INCOME STATEMENT INCOME STATEMENT ASSETS ASSETS LIABILITIES CASH FLOW PATTERN OF THE MIDDLE-CLASS INCOME STATEMENT MIND YOUR OWN BUSINESS THE RICH FOCUS ON ON THEIR INCOME STATEMENT ” + Put your savings into REAL Assets BALANCE SHEET + 3 “ EXPENSES THEIR ASSET COLUMNS WHILE EVERYONE ELSE FOCUSES ASSETS BALANCE SHEET ASSETS LIABILITIES Your 24 hour employees “ EACH DOLLAR IN MY ASSET COLUMN WAS A GREAT EMPLOYEE MAKING MORE EMPLOYEES TO BUY THE BOSS A NEW PORSCHE ” ESCAPING ORDINARY EXPENSES TAXES MORTGAGE REPAYMENTS BALANCE SHEET INCOME LESSON DIVIDENDS RENTAL INCOME ROYALTIES INTEREST SALARY EXPENSES TAXES MORTGAGE REPAYMENTS CREDIT CARD PAYMENTS FOOD AND TRANSPORTATION BALANCE SHEET CASH FLOW PATTERN OF A POOR PERSON INCOME JOB SALARY EXPENSES FOOD RENT TAXES TRANSPORTATION Main ways to get out of the Rat Race INCOME STATEMENT INCOME INCOME JOB PART II - COMING SOON.... LIABILITIES BALANCE SHEET LIABILITIES CAR LOANS HOME LOANS CREDIT CARD DEBT SCHOOL DEBT ASSETS CASH FLOW PATTERN OF A RICH PERSON STOCKS REAL ESTATE BONDS BUSINESSES INTELLECTUAL PROPERTY LIABILITIES HOME LOAN CONSUMER LOANS CREDIT CARD DEBT
