In today’s rapidly changing business environment it makes sense to consider all the options before paying for your business equipment – whether it’s a photocopier, computer system, computer hardware or software, telephone system, security equipment, office furniture or anything else. Many business people will give great consideration to the actual purchase, getting quotes from different suppliers and considering different choices. When it comes to paying, however, they simply pay cash or use bank finance without fully exploring the available options.

Most businesses will think of leasing for cars, yet don’t consider this option for equipment. Either managements don’t realise that leasing companies will lease items with little or no second-hand value; or they don’t know which way to turn to get expert help or advice. Again they don’t realise that the leasing broker – a concept pioneered by Technology Leasing – came into being precisely to meet that need.

The leasing broker gives customers a single point of contact, providing access to many leasing companies (all with different lending criteria) and picking the lender best suited to the client’s individual needs. For example, some leasing companies dislike computer equipment. Others will not lease to businesses with less that five year’s trading to show. Some will lease on software on its own, though, while others will lease to brand-new start-ups. The broker must match the client to the leasing company, which means not only the one with the best rate, but also one which will finance the type of equipment and consider the client’s credit rating on the merits of the case.

Using leasing allows a business valuable leverage. You pay for the equipment as you use and profit from it. There’s and analogy with paying your staff; you wouldn’t hand over three or five years’ salary in one lump sum , so why pay for your equipment that way? Leasing enables businesses to get the equipment they need now. Those on limited budgets can acquire what they really want, rather than what the budget dictates. In the case of one firm of consulting engineers in Glasgow, leasing the equipment enabled them to upgrade their computer software and put them in a position to handle larger jobs at lower cost.

Leasing is also 100% tax-allowable. As the user you don’t own the equipment – the finance company does. This arrangement allows the lease payments to be written off the profit and loss account rather than the balance sheet (where a depreciating item is a liability). The tax saving of up to 40% of the cost of the lease payments goes to the lessor. A large firm of solicitors in London was able with our assistance to lease £40,000 of furniture, renovating the office and improving its professional image, while making the above 40% tax saving.

Another benefit is that you don’t need to contact your bank when leasing, so there is no need to impress or persuade the bank manager. You need not meet the broker, either. We arrange leases all over the UK for all kinds of different businesses and organisations, with equipment values from £1000 to £500,000 – in most cases without ever meeting anyone from the client. Everything can be done by e-mail, telephone and post, with the cheque going direct to the suppliers of the equipment.

Why increase your exposure to the bank when there is an alternative? The image of the friendly bank manager belongs to the past. Today the old gibe applies too often – that banks are happy to lend you the umbrella when the sun is shining, only to snatch it back at the first sign of rain. They will quote variable rates at so much over base (all the leasing we arrange is at fixed rates) and hide their profit by charging large ‘arrangement fees’. Most bank overdrafts are repayable on demand at a time to suit the bank – hence cases of loans being called in, without the borrower’s prior knowledge, after a large cheque has been paid in.

If you have a cash pile and want to pay for your equipment from that hoard, always consider one thing before parting with the money. Is there a better use for the cash than being tied up in rapidly depreciating equipment? Remember that, if you do use cash to pay for such equipment, you can’t later, in case of cash need, refinance and get the money back. It may well make more sense to invest the cash in marketing or staff training – or purchasing inventory at discounted rates. Simply holding the cash in case of unforeseen circumstances may also be a wise financial strategy.

When you lease equipment for up to five years, bear in mind that you are not tied to that equipment for the whole term. Clients have the option to upgrade and change some or all of the equipment at any time during the term – although this is more cost-effective if done half-way or later in that term. You simply select the new equipment. A new agreement will then replace the existing one, including cost of the equipment and the outstanding payments on the old contract, which will be discounted. This option allows many companies to keep up with new technology by replacing their equipment every two or three years, often with little or no increase in their monthly payments.

In all, leasing via a broker gives the client more choice. It saves the time and money that would otherwise be spent on shopping around to get the best or right deal. And it provides the best independent advice to suit individual circumstances.

Brian Burns – Technology Leasing Ltd – technologyleasing.co.uk technologyleasing.co.uk

technologyleasing.co.uk Computer Hardware and Equipment UK Leasing Experts

The investor in the currency market takes for granted that a pair of currencies can be bought or sold at a moment’s notice. Once an order is placed with a broker, the trade is executed within seconds. It is, of course, not as easy as that.

Whenever a pair of currencies is bought or sold, there must be someone at the other end of the transaction. It is very unlikely that the investor will always find someone who is interested in buying and selling the same two currencies at the same amount, and at the same time. Hence, the question remains, “How is it possible that the forex investor can buy or sell at any time?” This is where the forex market makers come in.

The forex market maker is a bank or brokerage company that stands ready, every second of the trading day with a firm bid and ask price. This is good for the investor because when the investor chooses to buy and sell a pair of currencies, the market maker will purchase from and sell to the investor, even if they do not have a buyer and seller lined up. In doing so, they are literally “making a market” for the currencies.

Forex market makers ensure that the market is always functional and that the currencies in it will always fetch the market rate. Forex market makers do so by updating their prices at intervals of at least 30 seconds and undertaking to trade if this is requested. Forex market makers must fulfill their obligations irrespective of whether the economic situation is favorable or unfavorable, or whether they lose or profit by doing so.

Typical forex market makers include Gain Capital, CMS Forex, Forex Capital Markets (FXCM), and Global Forex Trading, all of which are regulated by the Commodity Futures Trading Commission (CFTC) of the USA. Another prominent forex market maker is Saxo Bank, which is regulated by the Financial Services Authority (FSA) of Denmark.

Until recently, central banks, commercial banks and investment banks dominated the forex market. Due to the entry of forex market makers, other market players like international money brokers, large multinational companies, registered dealers, global money managers, and private speculators have entered the market in large numbers.

e-forexbrokers.com Forex Brokers Info provides detailed information on forex brokers, forex trading and market makers, and other forex-related topics. Forex Brokers Info is the sister site of e-incorporatinginflorida.com Incorporating in Florida Web.

An International Investment bank is a bank that does not accept deposits but rather provides services to investors and to those who offer securities to investors on a worldwide scale. International investments can provide growth and even poverty reduction which is why the OECD Global Forums on International Investment (GFII) support the services of international investment banks and work to enhance the benefits of investment in developing countries in particular. International investment banks offer similar services to the average local investment bank except that is expanded into the international market. This can be beneficial for investors who wish to expand their portfolios and create a well balanced set of investments. The benefits can include taking advantage of rapid expansion in recently established countries or investing into a country’s currency which can have its gains if the market in the investor’s home country crashes or the value of their currency is lowered.

International investment banks can also advise on the current market trends and potential future risks particularly in the type of countries, which are at present slightly unstable. In order to sustain growth and profit, care has to be taken into the type of investments made. Investing in a well established secure country has little risk but it may also be too late to reap financial benefits from this area. Many countries rely on outside investors to help growth increase in a substantial way. They offer business opportunities at low costs to the investor who can in their own way bring more potential business to this country. By promoting growth and investment, the odds of profits being garnered from a venture can significantly increase.

When looking at and International Investment bank for your portfolio, you must weigh the risks associated with your capital versus the potential rewards. You must also consider your personal aversion to risk. While a developing country might offer the potential for a great return on your investment, it could just as easily go the opposite direction and you could lose all of your investment. Developing countries are more apt than not to have serious problem with their infrastructure and unstable governments that could cause serious stability issues for investors. With undeveloped infrastructures, there may be potential in investment in these areas. Infrastructure includes such things as roads, telecommunications, water supplies, and even such basic services as hospitals and medical care. But without a well-developed infrastructure, even a small natural weather phenomenon could be a potential disaster. The past several years have shown what a tsunami, earthquake, or tropical cyclone can do to these countries.

On the flip side, many of these countries have vast stores of natural resources waiting to be discovered and exploited. Gold, diamonds, gems, and large deposits of oil can be found in many of these areas. In this case, the investor would see huge gains in their investments once these natural resources are developed and added to the local economy.

International investments have many faces and cover a wide variety of people and potential options. A family buying a holiday home, a land developer interested in buying cheap land or properties that will generate income and businesses looking for a less expensive base for their company can all use the services of international investment banks that keep a steady eye on international progress and use past success and future potential to provide for their clients needs.

Dean Novosat writes about investing and international banking on his site dmnfinancial.com dmnfinancial.com.

Some parents prefer their child attend camp with a best buddy. Others would never hear of it. Is there a right? Is there a wrong? Absolutely! But the answer is different for each family.

To decide which choice is right for your child, think carefully about your goals for his or her summer experience. Are you hoping for your child to meet new friends and try new things? Or are you hoping to fortify existing friendships?

“I sent my son to day camp with a friend from school & requested they be grouped together. I thought this would be good for him, as he is shy in new situations,” said New Jersey mother, Cyndi Hack. “In the end, this friend treated him differently at camp and my son was hurt by this. It probably would have been better if I had put him in a group alone and encouraged him to step up to the plate socially.”

“I wanted my daughter to go alone,” said Samantha Jaffe of Long Island. “I wanted Chloe to have what I had: a whole separate group of camp friends. Prior to camp, Jaffe contacted the camp for the name of another first-time camper in her area. The girls met beforehand and even went camp shopping together. Jaffe said, “If nothing else, it was a familiar face for the bus ride up to camp. The rest was up to her.”

Karen Dreyfus, also of Long Island, believes her son Zach had the best of both worlds. “I didn’t plan for him to go to camp with friends,”explained Dreyfus, “but two of his friends ended up choosing the same camp. Luckily, we all agreed to bunk them separately. This way, they had the comfort of a friend nearby, but also the opportunity to spread their wings.”

If you do decide to send your child to camp with a friend, think carefully about the state of this particular friendship. Does either child get jealous easily? Do the kids know how to successfully work out their differences? Is it an equal partnership? Of course, no child should be too reliant on another child, as this is not good for either of them. And don’t allow another parent to pressure you into a situation that you’re not comfortable with.

Only you can decide what the right situation will be to ensure a successful situation for your child.

Laura Miller has been a staff member at several camps and has worked in camp marketing. She is the founder and Director of Marketing for campratingz.com CampRatingz.com.

As Einstein said “Everything should be made as simple as possible but no simpler”. With that thought in mind, I will define 5 simple steps to a solid financial plan.

But first let me digress. For over 20 years, I was involved in the design, manufacture, test and launch of communication satellites. These satellites are in a geosynchronous orbit so that they appear to be fixed when viewed from the earth. Your TV satellites are in this orbit and that is why the dish (I would call it an antenna by the way) on your house is stationary. In order to achieve a geosynchronous orbit, the satellite has to be about 22,300 miles from the earth. Now, bear with me. Once the satellite reaches 22,300 miles, it is never coming back to the earth. This situation leads to many implications. One, the satellite has to be near perfect because if anything goes wrong, the satellite capability is lost.

There is no ability to bring the satellite back to earth and repair it. Many of these satellites cost over 100 million dollars. A 100 million-dollar piece of space junk is a painful business experience. Two, we want to test the satellite very thoroughly on the ground before launch and any little “blips” in testing get enormous scrutiny. They get enormous scrutiny because those blips could be the indication of a lurking problem of defect. Yet in all my experience in solving these types of blips, it almost always came down to one key thing that was the cause of the difficulties. It was quite amazing to me that such a complicated system and complicated difficulties could be reduced to one key item. Now many times there were many dead ends and confusing information but in the end, the cause was in a large majority of cases one primary thing. And once that cause was known, then the solution path was evident.

Well, your financial plan is not as complicated as building a satellite but as in the satellite, a few key things can make all the difference. And just like in the satellite world, there is a lot of confusing and complicated information. Information from newspapers, TV, family, friends, the radio, the company that your worked for and on and on. The key thing is to cut through all the noise and confusion and find the essence of the activity. For me the essence of a financial plan is the following 5 steps. I believe that if you can implement these 5 steps that you will have a solid financial plan and one that is far superior to most of your peers. It is as simple as possible but no simpler. The 5 steps in order are:

1) Eliminate all credit card debt
2) Contribute to a 401 K plan if possible up to the limit of the match
3) Save some money
4) Build an emergency fund
5) Invest in a one Stock Index Fund and one Bond Fund

In part 2 of this article, I will explore these steps in more detail.

I want one, no I want two, at least two. As I cruised past the mall I remembered I wanted a new something. I thought about how much it cost and did not want to part with that money. Then this battle started in my head about how I have the money and to quit being so cheap. (I am lucky; most peoples battles are about how to find the money) My mind went from a big smiling rush of excitement that I had bought it, to this deep despair on what a loser I was for not getting it.

Now read closely this is HOW YOU GET RICH! I did not need the thing so I did not and will not buy it. You see if I bought everything I liked or wanted I would be broke. I was broke once and that was enough for me to realize there are some rules to being wealthy. Once I got wealthy I just keep doing the same things, I have an account for buying things I like and want. I put 10% of my income into that account each month and when it is enough I go get something, just because I like or want it.

Many people have stopped reading by now, too bad because they’ll probably stay broke. If you still are; good because I am going to give you another KEY to getting wealthy. What did I do to survive beating myself up for not buying the gizmo? I, like you, am affected by advertising. I see something on TV and go wow would I like that. Most of us don’t realize the advertising companies have used very carefully chosen lighting, colors and sounds to basically hypnotize us into buying whatever it is.
Don’t believe me? Take a child, before they can speak, down the aisles of a grocery store and see how they holler out for certain products. If you watched the ads they have been exposed to you will see a 100% correlation. They do not even understand the words on the ad, it is the lights, color and sound/music. There are well known, to ad agencies, pathways to our primal needs and they are using them.

If I don’t get the gizmo, the ad companies have made me tell myself I can not have it. Well tell a child they can not have the ice cream, what do they do? Cry, scream, stomp their feet and that’s exactly what an adult does also. At the least we will feel bad and to get rid of that feeling most of us will buy the thing to feel better. This will make you broke.

The solution is to treat these emotions like the other 10 million you have a day and just let it go. This is can be hard to do, especially if the advertising for the product is good. I just identify that I am being manipulated and think it is me against the advertising machine. That way when I don’t buy the thing I feel good about it. That is a key, make a way for you to win.

There are many techniques for overcoming this kind of manipulation and I will write about others in the future. Until then make sure all your purchases are things you need. For the other purchases in the like and want category, spend the time to save up for them and then rush out and pay cash. You will thank me in the Bahamas for this one. Be smart, be wealthy.

Larry, Alan & Ward are the Three Amigos who developed simple strategies for winthedebtgame.com/index2.html debt management. Learn their strategies at winthedebtgame.com www.winthedebtgame.com.

Everyone like you wants to be rich. It’s a fact. Only some will ever make their dreams come true. But if they can, so can you!!! There are lots of ways to build your wealth. One of the popular ways is using the power of internet. There are literally thousands of ways that you could make a living online, but it takes effort and time. You do not need any experience to start your online business, but you will gain experience and useful skills as you go along.

Here are three useful tips before you go on to this new exciting online career.

1: DO NOT GIVE UP!! Most people do not see that FAILURE is PROGRESS. So if you come to a dead end or fail to make any money then do not give up, keep going and find ways to overcome that failure. You need to fight, your way through till you see the light at the end of the tunnel.

2: It is extremely beneficial to have the correct mindset. What I mean by that is you need to think ‘rich’, you need to have the desire to become wealthy and get rid of all the negative thoughts that could upset that desire or thoughts you have. Try and think about positive things, such as what you would have once you become successful. Like a brand new car, big house, no more debts and more friends etc…

3: Be creative; don’t be afraid to try different things. Try new ideas and put them into action. If done right it can be very rewarding! And if your idea/s is successful then try and take one step further. If it fails then take one step back and learn why it failed. Just don’t give up like most people do. If you give up then you will not get to a position where you want to be in.

There are several different ways you could make money online. You can market someone else’s product or service and earn a commission for every sale you make. This is called affiliate marketing. Clickbank.com is one of the most popular places where you can find products to promote and is extremely popular among the affiliate marketers.

Another way is by creating your own product or service. Is not the easiest and it takes time but it is one of the most profitable way. So you create a product you want to sell, make a website to promote it on and drive traffic (potential clients) to your website. You could also create an affiliate program for your product so that others (affiliate marketers) can promote your products for you!!

There are plenty of other ways that you could make money online. You just need to use you imagination and unleash it to make a profitable online business.

As you can see that the power of internet could make you very wealthy. Internet have created so many millionaires and changed the lives of so many people like you. It’s simply an opportunity you should not pass up; in fact you should try it and learn from it.

There are many reasons a lot people turn to internet to create their own business, one reason is that there is very low start up cost and is much cheaper to run than an offline business. Also that you are able to reach thousands of potential customers to your online business very quickly with almost no effort required!!! But as you should know, that it is not straight forward as it seems. There are various things you need to know in order to get it running. But as we all know that internet has the potential to make you very wealthy provided that you learn and implement your thinking and strategies to make it work.

Amila De Silva is successful online entrepreneur who owns several online businesses related to online wealth creation and also submits tips and tricks to being successful online. Please visit – mila06.wordpress.com mila06.wordpress.com for excellent info and tips related to online marketing.

Have you come across the term High Yield Investment Program (HYIP)? It is an investment that involves extreme risk. HYIP is on a high and is growing everyday on the Internet circuit. People who are gaining fortunes investing in these programs are increasing in numbers. But it is to be understood that HYIP investments are not always a bed of roses. You will have to harvest as much of information as you can about investments as a whole before actually venturing into one. Knowing the right things about HYIP investments beforehand can surely do good to you.

If you are to find a HYIP, you will have to undertake a lot of research work. Researching a host of HYIP program sites is the first thing that you should do before you jump into anything. There is no dearth of websites regarding the subject of HYIPs that help you with all the relevant information that you need the most. They also urge the users to rate every program whatsoever.

As for investing in a HYIP, you will have to transfer cash from your bank account to the company’s account by way of e-currency. And to make possible the use of these accounts you will be required to register with one or all of them. Not just that, before your account gets active, you will have to certify your email address to say it all.

Profit making from HYIPs will require you to devote some time to the Internet. And this is primarily because you will have to get a clue about the market scenario. You will also know where to search for HYIPs. Knowing facts big or small will certainly help you to face situations better and consequently will help you to add on to your profits.

There are certain tips that can help you to find the right way as regards HYIP investments. Look at the returns and try to be realistic right from the word go. Beware of scams or ‘Ponzi schemes’ for that matter. Savvy scammers who can literally put you in neck deep trouble run these schemes. Discussion forums, blogs, HYIP monitors, HYIP news websites and the like are something that can aid you in improving your information level. These means are pretty eye opening and hence very essential before you arrive at any kind of conclusion regarding investments.

Make sure that you go in for a test spend first. By doing so, you will know whether they are paying or not and whether the withdrawal button functions properly. Again, the best you can do is never exhaust money totally. Having your capital set into different programs is great idea and you will know why. You can access a whole lot of resources to bring in money if one of the programs flops. To do away with hackers you will have to secure your e-gold. It’s a ‘must’ have thing.

All of the above mentioned facts and the useful tips would surely help you to sail across all the difficulties that come in way of HYIP investments.

Alice Dexter is a successful writer and publisher of HYIP related issues, for more informative articles go to hyipreviewed.com hyipreviewed.com

Let me make a prediction…

96.8% of subscribers who actually are reading this have wished they had more passion in the gym.

And a full 99% of those still reading, do not have their goals written down anywhere.

Why is motivation so difficult? How come the #1 question I receive is from somebody who asks, “I know what to do, but I just need somebody to motivate me to do it all year round.”

So let me ask you…

Can you clearly see your goals that you want to obtain? No really. Can you SHOW me what you want to accomplish in the next 6 months?

Personally I always thought that writing down your goals and to-do’s was crap. Until I took a sticky yellow post-it and wrote down 4 things I wanted to accomplish on my website over the weekend. Nothing fancy at all but clearly the things I wanted to do. They were specific, simple and realistic.

Needless to say…

I did them all over the weekend. And here I’d thought about them for 6 months!

Look… goal orientation is the key element in establishing strong motivation.

Let me say that again – Knowing what you want to accomplish is key in establishing the desire to actually do it!

A goal is nothing more than a stepping stone from one goal to another. It’s the bridge between wanting to achieve something and actually achieving it.

So let’s being with the Six Steps you must do to go from thinking about it, to actually doing it.

:: A Goal Must Be Well Defined ::

If you’ve seen those Red Cross thermometers or any place that shows some type of chart with the money received and the ultimate goal.. that is pretty well defined.

Just think about it…

What sounds best to you?

a) I want to lose weight

b) I want to destroy 15 lbs of fat and get to 10% body fat with a year

Please tell me you picked B. B is clearly more defined and therefore more obtainable.

:: A Goal Must Be Stated In Writing ::

Life gets in the way. My story of wanting to do just 4
simple things to my own website that I had the ability to do just kept getting buried under the complexities of life and schedules.

Once it was a simple post-it note on my desk, it had a magical way of getting done as I checked off each item. It didn’t require any more work on my part but it was defined and clearly visible.

Everybody says this right? Even Tony Robbins, Tom Venuto, Jon Benson, Jeff Anderson, and the rest of them.

But guess what? Those guys are right. That is their secret to success.

They write down what they want and once it’s in writing, it gets done.

The rest of us think about it forever and never really get around to doing it.

Heck, if you don’t write down a grocery list of what you want, you’ll forget things at the store, get distracted and make 4 more trips that weekend.

Opps… maybe that is why I should take a list to the store. Saves on gas too.

My point is, your goals MUST be written down.

:: A Goal Must Be Stated In The Positive ::

I’m not a medical doctor of some Neuro-Linguistic
Programming, but I know enough about the subconscious to know it doesn’t understand negative goals.

Use a positive mindset when creating a goal. “I won’t eat junk food” is better stated as “I will eat healthy foods eat day.” Even better is “I will enjoy eating healthy foods each day.”

Now your goal is an affirmation which can be used to kick- start some action!

Rather then state what you won’t do, start telling yourself what you will do.

:: A Goal Must Have A Deadline For Completion ::

How many of you get excited about payday? Or an up-coming vacation? Or even a UFC fight in Las Vegas?

Simple. It’s something to look forward to and think
about. It creates a sense of urgency in ordering tickets and getting the hotel if you know you are leaving on a specific date.

If there’s no real goal for completion, there’s no sense of urgency after a bit and hence, most people quit the gym after 6 months.

Not only did they not have a clear goal most of the time but they had no deadlines for obtaining anything.

After a bit, it’s just a routine, gets boring and since
there’s no deadline to accomplishing anything, they get back to life and out of the gym.

:: A Goal Must Have Sincere Emotional Appeal ::

So let me ask you…

If you don’t really care, how much passion do you have for that thing?

Creating a goal should be a sincere effort with something tied to your emotional desires.

Heck if you don’t even care, trust me, your mind will find a quick way to end that gym session.

An emotionally charged goal will have a sense of urgency and that leads to passion to complete something specific by a certain deadline.

Passion is the fuel you are looking for and only you can create it. Sadly, it’s not available in any gas stations that I know of… yet.

:: A Goal Must Be Difficult, Yet Realistic ::

With that said, if it’s too easy, it’s unlikely you’ll give
it enough attention to really focus on it or care. “I’m
going to make it to the gym tomorrow,” is hardly an earth shattering revelation for most. To make matters worse…

If it’s too difficult, you’ll get frustrated with the lack
of progress and your confidence in actually doing it will be compromised. That means…

You need to create goals in such a way that with a
continual, concentrated effort, you know you can get the job done.

Imagine a mountain top with a red flag at the very top. That is your long term goal (specific too). But it’s unrealistic to think you can achieve that in 2 months.

But if you had little yellow flags along the path to that red flag, those would be short term, achievable goals you could look forward to with a sense of urgency because they could have a shorter deadline and time to completion.

How about losing 1 lb a week of fat?

How about gaining 2 lbs a week for those who are on a bulking cycle?

How about writing one question and answer a day for the Beginner’s Guide to Fitness and Bodybuilding? (That’s how I got all 250 pages of my first book done.)

Short term thinking but with long term results.

If you know you can get the job done, your passion for doing it will rise.

Now go get some yellow sticky notes!

Copyright 2006 Marc David

You can learn more about success techniques that are designed specifically to maximize your fitness efforts in the Beginning Bodybuilding program:
beginning-bodybuilding.com beginning-bodybuilding.com

For most people the idea of asset vs. liability is a blur. It often becomes more confusing when you go to your banker. When you go to the bank to get a loan, your banker asks you to list your assets as collateral to insure you can pay back the money they are about to lend you. What is most commonly listed…. house, car, jewelry…

This is the single most significant idea that keeps the middle class from becoming wealthy. They purchase long term debt items such as cars and jewelry as their earned income increases, by allowing you to list items that do not bring any kind of revenue into your cash flow your banker is contributing to the chance you are going to default. It is this idea that generates many other problems with a person’s cash flow.

Those that are financially literate understand that an asset is something that puts money into your pocket each month, regardless if you work or not. Such as properly managed rental property or managed businesses.

A liability is something that takes money out of your pocket every month, weather you work or not. This is anything with monthly payments but usually a house, car, or other luxury.

If you get a raise and spend that extra money on something that locks you into an agreement to pay X amount of dollars for X amount of years, then you really have fallen into the middle class trap. By not investing your money into assets you have agreed to continue working for money.

Now that you understand the differences between these two concepts you should re-evaluate your current financial status. Do you indeed have assets or do you have a long term debt obligation for liabilities?

Some people will still argue that they can sell their car or their house to produce a revenue. They are correct but until the point they sell their liabilities off they are not assets and should not be confused with one.

With those ideas in mind we can now resolve many of the problems in the cash flow patterns of the poor and middle class.

The next step to becoming wealthy is to understand the three basic cash flow patterns.

Hello my name is Robert but you can call me Bob, a year ago I made a decision that I would not be a slave to money. This is what I learned.

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