What route does your money take?

AFODAT in Business 13 hrs ago
  • User
    AFODAT
    13 hrs ago

    Some basic definition:

    Asset: whatever brings money into your pocket, e.g business, shares and stocks, real estate, investment, etc

     

    Liabilities: whatever takes money out of your pocket e.g bills, gsm, electricity, water , school, feeding, DVD, home theatre, fees , transport, rent and etc.

     

    What route does your money take? For many people, all their income (salary, gifts, etc) goes to the bank for a while , before they spend it all.They work for thier money!

     

    What route should your money take? At least 10% of your income should go into assets ( or investment) until your investment are paying you more than you can earn on your job. Then your money is working for you.

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