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The 50/50 Law by writeups(f): 3:12pm On Sep 14, 2015 |
Sir John Marks Templeton strategy for building wealth has been known to skyrocket finances after few years. Jack Canfield opined, don't raise your lifestyle until you have earned the right to raise it by putting the same amount into savings. The 50/50 law simply emphasizes on your willingness and courage to spend half and save half of your income. Most people at the end of the month or year finds out their expenditure is more than their income due to inability to cut cost or close your eyes to something's. If you want to be rich, when you start earning start saving. Rule one. You must know the difference between an asset and a liability and buy assets. Poor and middle class acquire liabilities but they think they are assets. An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket - Robert Kiyosaki, Coauthor of Rich Dad Poor Dad. It seems difficult to an ordinary person to save 50%, if you want to buy a car, work more to have more income, and if the money you have can't buy it get a cheaper car or better still don't buy it yet until you have other sources of income to get you your dream car. Life is about sacrifice and wisdom. 1 Like 1 Share |
Re: The 50/50 Law by yomi007k(m): 3:53pm On Sep 14, 2015 |
Are u Adeola Afolabi? CSSI Green House 96 set. |
Re: The 50/50 Law by writeups(f): 8:12pm On Sep 14, 2015 |
Yes am Afolabi adeola, and what's CSS1 |
Re: The 50/50 Law by yomi007k(m): 8:29pm On Sep 14, 2015 |
writeups:Command secondary school Ibadan |
Re: The 50/50 Law by writeups(f): 9:13pm On Sep 14, 2015 |
Nope, command secondary school Ikeja, neither was I '96 set. |
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