For people who want to be financially successful can increase income and reduce costs And taxes are one of the biggest expenses.
1. Rich people don’t work for money. But work to buy assets that generate cash inflows as income. Assets will be a source of income (Passive income) for rich people, such as buying houses for rent.
2. Separate what are assets and liabilities. Assets are things that make money flow into your pocket. Debt is what keeps money out of your pocket. If we buy a house to live in, we will be in debt. not property Because it does not generate cash flow as income
3. Create your own business If successful, you will receive returns or create cash flow quickly. If developed from a small business (S) to a large business (B) that is managed by a system The owner does not have to waste time worrying about doing the work himself. It will create cash flow and give us more time to see opportunities.
4. Understand taxes Because taxes are one of the largest expenses. Whether it is VAT, income tax, other taxes, if we have an understanding of tax planning It will be possible to reduce this expense legally. Makes us have more cash inflow from tax savings.
5. Rich people make their own money. It’s about making money from ideas. Convert ideas into businesses Using not much of your own money or not using your own money at all, such as borrowing from other people or borrowing money from a bank Invest to create additional cash flow.
6. Rich people work to learn. And it will be accomplished faster if it is learning in the direction that matches the desired goal. and create skills by doing Financial knowledge is important. It can help us achieve financial success quickly.
