01/09/2023
*LAWS OF FINANCE*
There are 2 types of Laws of finance:
1} LAW OF POVERTY.
2} LAW OF WEALTH.
*1} LAW OF POVERTY: This law states that you work alone or work under someone and grow poor limiting habits over time.
95% of people in the world are living under this law, enjoying only 5% of the world's wealth. The people under this law make use of their credentials, they have ego, they seek for job, they have someone called boss, they receive salary which is fixed amount.
*S.A.L.A.R.Y*
S= Small
A= Amount
L= Limiting
A= And
R= Restricting
Y= You
Of course, salary is a medicine to manage poverty; it doesn't cure it.
These people are called the working class. They always look for JOB (Just Over Broke). They are afraid of business or investment opportunities. Most cases, they're unwilling to leave their comfort zone.
*2} LAW OF WEALTH: This law states that you work with a team or group of people with a common fair purpose and grow wealthy with time. It is just 5% of people in the world that are living under this law, enjoying 95% of the world's wealth.
The people under this law make use of their potentials, and they are called the thinking class. They think of what to offer to the society and in return make money.
These people understand the principle of Leverage and Compound Effect. And all successful and wealthy people have one thing in common: LEVERAGE.
“I would rather earn 1% off a 100 people's efforts than 100% of my own efforts.” ― John D. Rockefeller
Hustle is not what makes you rich. The real reason that most people struggle financially is that they learn to work hard for their money without learning the principles of wealth creation.
The key word is not hustle; it's leverage.
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