Tuesday, July 21, 2009

5 WAYS TO BUILD YOUR FINANCIAL FOUNDATION

1 FIRST INVEST IN LEARNING ABOUT INVESTING

2 DIFFERENIATE BETWEEN ASSET AND LIABILITY,IS YOUR HOME ASSET OR LIABLITY?(PLS MAKE SURE OF UR ANSWER AND THEN READ FURTHER)ASSET IS A THING WHICH PUTS REGULAR ONE YOUR POCKET,AND LIABILTY TAKES REGULARLY MONEY OUT OF YOUR POCKET SO WHAT'S YOUR HOME ASSET OR LIABLITY?

(PLS DON'T TAKE PERSONALLY)SO BUILD YOUR ASSET STRONGLY

3 PUT ASIDE ATLEAST 30% FROM YOUR PAYHECK IN SAVING AND DON'T TAKE IT OUT UNLESS YOU MAKE ASSET OF IT.

4 PAY YOR BROKER WELL,LEARN TO PAY PROFESSIONALS WELL.

5 SETUP FINANCIAL GOALS FOR YOUR SELF FOR EG.

A YOU GET OUT FROM YOUR DEBT BY SOME 2YRS

B I WANT TO INCREASE MY CASHFLOW FROM MY ASSET

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