WEALTH
Wealth wisdom: when it comes to your money and your retirement, be smart, not blindly obedient.
Secret wealth generation nugget #1: Don’t focus on your cash, but rather focus on your cash-flow.
Insiders know this.
That’s why Wall Street firms value companies based on a Discounted Cash-Flow analysis, not on the size of the ‘Net Worth’ section of their balance sheets.
Secret wealth generation nugget #2: Many well-meaning people have taught you to believe that you don’t really have wealth, if you don’t save.
I’m going to tweak this sacred cow money-mantra a bit and brand it with this:
Your networth only stays on an upward track when you give your money a chance to work for you. There’s a big different between saving & investing, versus spending & consuming.
Investments have always been, and will always be, more profitable than saving money.
It is these kinds of nuggets, of real-world practical advice, that I shall be focusing on within this category, as shown by the posts below.