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The definition of ingenuity is that it is the invisible thought process that turns a liability or neutral possession into an asset.
The real power that you have is your thought process. The secret of this power is in developing your follow-through. Acquire the practical skills needed for follow through.
Do not work simply for money. Your real job is to create assets.
The acid test of an asset is to ask if you can pass it on to your loved ones. If you can and it continues to put money into their pockets then it truly is an asset.
The Ten Principal Upanishads
The most valuable resource you have is your time. It is finite. That means it will run out some day. You should invest your time wisely. The 3 Es are what you should invest it in :
Education (Philosophy and Finance)
Experience (Work place, volunteering, charity)
Excess Cash (management and re-investing)
Keep your earned money secure by converting it into property and shares that will become assets to return income to you. It is your responsibility to determine whether your securities become assets or liabilities. This is called Risk Assessment. Be a good investor not a risky one. There are no risky investments, only risky investors.Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!
It does not matter where you earn your money or what job you have. What matters is that you convert the maximum percentage of it into portfolio and passive investment as efficiently as possible.
Every time you lose money, you destabilise your financial position. Never deliberately make a loss just so you can take a tax break. It is ALWAYS better to make a profit and pay the tax if you must. Better still, make the profit and avoid,(not evade), avoid the tax.
There is a distinction between tax avoidance and tax evasion. Tax avoidance is LEGAL, evasion is illegal. This distinction can keep you out of jail.
Make sure that as the captain of your own ship, you do exactly the right work. Work ON your business rather than simply IN it. Do not manage your business by luck, manage it by design. Smart money shortcuts to becoming rich
