Tag: profit
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How to Become Financially Independent
“To become financially independent you must turn part of your income into capital; turn capital into enterprise; turn enterprise into profit; turn profit into investment; and turn investment into financial independence” -Jim Rohn Notice that the entire concept of Financial Independence is broken into six different categories that I have listed below.
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Investing in Your Financial Education Part 3
Reading personal financial blogs is a step towards acquiring financial education. There are tons of fantastic blogs on personal finance. You need to read books on personal finance. For me, Rich Dad Poor Dad started me on my journey, finally got me to get moving after years of procrastinating. Apart from good books, there are…
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Is Your Salary a Seed or the Fruit?
Your mindset towards your salary income determines what you do with it when it comes into your hands. If you think it is a seed, you will save and invest it for increased returns. If you think it is the fruit of your labor, you will consume it without sparing a thought for tomorrow. There…
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Income Streams: Thinking Like a Farmer
The average employee receives his salary at the end of the month. He goes ahead to spend it, and typically in the next month (or before then), all the money is gone with nothing saved. He is not enthusiastic about the coming month because the same scenario will play out. The common expression is that…
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Turning Your Passion into Profit
Having been brought up to go to a good school, get good grades, and get a good job, it may be a challenge to believe we can do what they really love, and make money doing it. We generally think in terms of getting a good job and making a good living. More often than…