What The Wealthy Buy On Payday-This 11 Minute Video Will Change Your Life!
Tim Sales, a multimillionaire in the network marketing industry, created a video that will absolutely change the way you look at liabilities and assets.
In the video, Tim Sales explains why the wealthier keep getting wealthier, the poor keep getting poorer, and the middle class are stressed out. It has to do with what they buy on payday. It is so simple, yet so different.
He goes on to explain that creating wealth is not a mystery, but a formula. He believes the only reason people don’t create wealth is they don’t know the formula.
So what is the formula? It has to do with what you buy on payday. You first need to understand some money terms which he explains in easy to understand terms.
The most important thing to understand is anything that costs you money is a liability, not an asset. People typically think of their house as an asset, but it can actually be a liability, as he explains so well in “What The Wealthy Buy On Payday.”
So what do people buy on payday? Tim Sales explains that the poor buy stuff on payday, the middle class buy liabilities, and the wealthy buy assets. Even though the middle class make a good paycheck, they can never get ahead and this video explains why.
So what’s the solution? Buy assets to earn income and use that income to buy more assets that earn income. In “What The Wealthy Buy On Payday ”, the pictures explain how this would actually work in your life and how you can begin to change your financial picture through educating yourself on what really creates wealth.
I share this video with you because although you may be making a good income in your business, what you do with that money determines if you have your money working for you or if you are living from paycheck to paycheck.
To Your Success,
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Online Business & Marketing Professional