INCREASING INCOME
We have all been taught to focus on working hard and making more money – earning income. Money has a flow, in and out, and income is about the different ways money can flow into your life. And you’ll learn that while income is an important ingredient… it isn’t the most important. Increasing your passive income, managing income, and using income effectively are what this section is all about.
If you’ve read books or articles on Buffett, then you know the conventional wisdom is that Buffett makes his fortune by buying great companies trading at great prices… and then holding them for years.
Your life is your business and your income statement, together with your balance sheet are your two wealth cooking measures.
Your Net Worth is Not Your Self Worth! Paradoxically your Net Worth is closely linked to your Self Worth.
