Balance Sheet Affluent

Income Statement vs Balance Sheet Affluence – Which Type of Affluence Do you Want?

Thomas J Stanley discusses two types of wealthy people in his best selling book The Millionaire Mind. Those who are Income Statement Affluent and those who are Balance Sheet Affluent.  Robert Kiyosaki also discusses a similar concept in his book Rich Dad’s Cash Flow Quadrant. Except, he divides people into four categories: Employees, Self-Employed, Business Owners, and Investors. To draw a…

Pay Yourself First

  To create wealth you must make your money work for you. You can start by paying yourself first.   The purpose of paying yourself first One of the most important rules for building wealth is to spend less money than you make, so you can save the surplus.  The surplus is not saved for…