The rules of money made simple! Make income from home

The rules of money made simple! Make income from home

First, we must understand what is an asset and livability. Some people who let you have the elaborated definition. We will will keep things super simple here.

An asset puts money in our pocket, even when we are not working. A liability takes money out of our pocket when we are not working.

Some believe their home is heir biggest asset. But is not if they person is paying with the income from a job, or as we know earned income. (Trading time for money). However, if the house becomes an AIRBNB spot for tourist needing to rent a place, and now we occupy one room from the house for us but the rest is being rented through the entire month by others, then if the income from such renters exceeds the mortgage payment then it is an asset.

So we can turn liabilities to assets on our financial statement. What determines if something is an asset or no is the way the cash flow is flowing into our pocket without us working or if is drawing money out of our pocket then it is a liability.

It is crucial to learn how to read financial statements. Please get this financial statement that is blank and figure out where you are today financially. Because in order to increase passive income, we first need to know our financial situation in the form of a financial statement. That way we can see the whole picture of where our current money is going and flowing through our financial statement.

Read full blog here: bit.ly/whatareassetsandliabilities

Listen to the podcast here: bit.ly/whatareassetsandlibailitiespodcast

A lot of people come to me asking how they can get rich quick. That is the one question that disturbs me the most because it’s the wrong question. It tells me that they don't have the foundation of financial intelligence required to use their money well if they get rich.What are Assets and Liabilities? This is because most people don't understand that, when it comes to being rich, it's not about how much money we make. It's about how much money we keep.

How to Make $31k per Week Step by Step

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When it comes to building our asset column we must understand the rules of money inasmuch the history. Because just like anything money changes. Therefore, we must understand the cash flow patterns that exist for the poor, middle, and wealthy.

The steps are quite simple but you need to watch the video until the end to understand and implement the whole process and start earning money online.

To stay up to date with innovative and proven strategies for entrepreneurship, making money online, building financial independence make sure you subscribe to the “Master Investor” YouTube channel today.

BONUS:

Get a financial statement at https://bit.ly/masterinvestorfinancialstatment

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Related videos:

What is our mission at Master Investor? ➤ https://youtu.be/F7fLMLy3TnY
Building passive income in 90 Days ➤ https://youtu.be/VWtWb5yVNk4

Bonus:

1- Get the financial statement here, print and fill it out: https://bit.ly/masterinvestorfinancia...

2- Clickbank: https://bit.ly/createclickbankaccount (find a product you are passionate about and promote it)

3- Digital Store 24: https://bit.ly/digit24 (find a product that you are passionate about and promote it)

4- Email Auto Responder: https://bit.ly/emailautoresponderpro

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