What 9 lessons to know about financial education? | MASTER INVESTOR | FINANCIAL EDUCATION

What 9 lessons to know about financial education?

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Lesson 1: Personal financial statement. One of the foundational elements of financial literacy is understanding how to read and understand a personal financial statement. What is a personal finance statement, you ask?

Lesson 2: An asset vs. liability. You’ve probably been told that your house is an asset, but I’m about to burst your bubble: Your house is actually a liability.

Simply defined, an asset is anything that puts money in your pocket, while a liability is anything that takes money out of your pocket. Once you learn the true meaning of assets and liabilities, you can get clever and find ways to turn your liabilities into assets.

Lesson 3: Cash flow vs. capital gains. Many people invest for capital gains (the difference they’ll earn when they sell their house for more than they owe on it), but that’s basically a gamble.

Instead, savvy investors choose to invest for cash flow (the money you’ll earn from renters each month after your mortgage and expenses are paid) and enjoy the passive income and real estate domino effect that leads to achieving your financial independence.

Lesson 4: The CASH FLOW Circle. We alluded to this earlier, when we mentioned “the masses working for corporations.” We see, the CASH FLOW Circle is made up of four types of earners: Employees, Small business/Self-employment, Big business and Inside Investors.

Lesson 5: Your wealth number. Regardless of how wealthy you may or may not be, you have a wealth number. If you’re making money through passive income (hello, cash flow) and bringing in more than you spend each month, than you’ll have an infinite wealth number.

Lesson 6: Seek expert advice. Choosing the right partners in life — whether marriage or business — will make or break your outcomes. For starters, we will want to find the right mentor and coach (yes, they are two different things).

Lesson 7: Know your asset classes. There are five asset classes to learn about — but you only need to learn the basics, really. Once you learn the fundamentals of each, most people will find one or two that really resonate with them and sink their teeth into learning as much as possible about those.

Lesson 8: Take advantage of financial training. There’s no shortage of online or community options for getting some highly targeted education, but of course I’d recommend starting with the classes Master investor's offers.

Lesson 9: It’s normal to make mistakes. It’s rare to find a linear path to success. In fact, most successful investors and entrepreneurs have at least one major failure under their belt (if not several). I’ve made some very big blunders myself, so I’m certainly not immune to this ego-crushing experience.

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As we say here, “Money is just an idea.”

An asset puts money in your pocket. A liability takes money out of your pocket.

The simple definition of a fake asset is one that promises to make us richer but in actuality robs us blind. We need three things:

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Then, we need to offer something of value in exchange for their email and name. Then, after we obtained the visitors of our capture page's information and email address. Then, we can deliver the free gift and also give them the product/solution of their problem.

Where to get products to sell that are already made for us? We do not need to create the products or sales pages, we can have use leverage by using other people's products that are already made for us. All we need to find the products we are passionate about marketing and bring new clients to the sales pages of those products.

Where can find these products that are already made?

Go to our website and find out where are the platforms to choose from hundreds of already made products that are paying high commissions and passive income for you to bring new clients to them - you will find products in any type of niche you can think about: Here: (https://www.masterinvestor.education/pages/affiliate)

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