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Do you drink Starbucks? Getting more expensive each year and yet the queue never stop. Another good fundamental stock captured by m...
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A Magic Formula for Getting Rich
ReplyDeleteThe only one thing you need to remember: " know the difference between assets and liabilities and buy assets"
An Asset is something that puts money in your pocket and should generate income on a regular basis.
A liability is something that takes money out of your pocket.
This is all you need to know. If you want to be rich. Simply spend your life buying assets. If you want to be poor or middle class spend your life buying liabilities. It's not knowing the difference that causes most of the financial struggle in the real world.
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