Tuesday, June 22, 2010

FINANCIAL INTELLIGENCE PART 1


WEALTH IS MEASURED IN TIME NOT NUMBERS.
According to R. Buckminster Fuller, wealth is measured in time and not in figures. For example, if your cost of living is a thousand Naira per day. (That means you have to pay people for either goods or services to the tune of one thousand Naira per day) if you have thirty thousand naira, that means you are just thirty days rich. So the only way you can be truly wealthy is for you to make sure that someone else is paying somebody else you owe that way cash flows into your account consistently.(curled from my book "the game of money")
so you cannot think u're rich if u have a million in ur account. the most important question is how do i make sure that i dont run out of supplies.
u dont nid billions to be financially free. u just nid an income that comes consistently and a lifestyle that helps you spend less than you make. because with the wrong spending habit a billionaire could go flat broke.
but thats not all u nid to be truelly financially free. stay tuned for more.