peny498

@@@@@What is my wealth? Let's go back to Buckminster Fuller's definitionUsing his definition, how many days forward can I survive? And let's assume a 30-day monthBy that definition, I have enough cash flow for half a month When I have achieved $2,000 a month cash flow from my assets, then I will be wealthy So I am not yet rich, but I am wealthy I now have income generated from assets each month that fully cover my monthly expensesIf I want to increase my expenses, I first must increase my cash flow from assets to maintain this level of wealthTake notice that it is at this point that I no longer am dependent on my wages I have focused on and been successful in building an asset column that has made me financially independent If I quit my job today, I would be able to cover my monthly expenses with the cash flow from my assets My next goal would be to have the excess cash flow from my assets reinvested into the asset column The more money that goes into my asset column, the more my asset column growsThe more my assets grow, the more my cash flow growsAnd as long as I keep my expenses less than the cash flow from these assets, I will grow richer, with more and more income from sources other than my physical labor As this reinvestment process continues, I am well on my way to being rich The actual definition of rich is in the eye of the beholderYou can never be too rich Just remember this simple observation: The rich buy assetsThe poor only have expensesThe middle class buys liabilities they think are assetsSo how do I start minding my own business? What is the answer? Listen to the founder of McDonald's CHAPTER FOUR Lesson Three: Mind Your Own Business In 1974, Ray Kroc, the founder of McDonald's, was asked to speak to the MBA class at the University of Texas at AustinA dear friend of mine, Keith Cunningham, was a student in that MBA classAfter a powerful and inspiring talk, the class adjourned and the students asked Ray if he would join them at their favorite hangout to have a few beers Ray graciously accept