facenglish:
well organized thought.

uprof:


Thanks!

facenglish:


I want to aske you questions on each of the points you mentioned in the video. will you have time for the real engagement?

facenglish:
regarding the first point, I often tell people that frugality is not good,but they keep telling me that money is difficult to get it is not available. do u agree with that?

uprof:


Yes! I agree. The scarcity mindset is not really helping us. You believe that giving out what you will make your situation worse off Which is not its from being generous with skills and values

facenglish:


thanks! I also need explanation on the second point.are you saying my personal car is not an asset?

uprof:
.

Regarding assets and liabilities you need to consider the Flow of cash. If is it outward flow it an asset. Cash flow is the most important economic benefits to consider when buying asset

facenglish:


OK! if it doesn't bring cash it is a liability and if it does it is an asset. is that what you are saying?

heroninja:
From my own point of view aset also include capital gains but cash flow is the real wealth

facenglish:
there is another thing you talk about regarding the traditional education, can I ask you some vital questions on that?

uprof:


Go ahead and ask your question!

facenglish:


thanks! let me start with this,what form of traditional education are you talking about?

do u mean school system?

uprof:


My context is school, it is what majority goes to for education

facenglish:


OK! are u telling me with my certificate can not make me to be financially independent?

uprof:


It is your responsibility to seek financial independence. Financial education is not taught in school if it is taught many teacher will be rich

Distinct123:
great one! u prof! information like this may not go well with people,it is number, as for me I need to ask you some questions to seek clarification.

uprof:

Go ahead and ask your question!

uprof:


Yes! I agree. The scarcity mindset is not really helping us. You believe that giving out what you will make your situation worse off Which is not its from being generous with skills and values

tenderjunkie:

Frugality is not supposed to be mistaken with being stingy. Frugality is about being economical and having a plan for your money.
You could earn 100k for example, and decide to budget 10% for people who need your assistance. Frugality is budgeting and sticking to a budget.

uprof:

Go ahead and ask your question!

Distinct123:


Good! cant one be rich without generosity!

facenglish:


hmmm! teachers are not well taken care of in most countries, that is why there standard of living quite low

uprof:


That is not an excuse, there are different approach to teaching, if you one approach is keeping you poor. Change it

facenglish:


what type of teaching are you talking about?

Real teaching, teaching people how to solve real life problem by doing it yourself and make money from it

uprof:


Go ahead and ask your question!