Thursday, October 15, 2020

Assets Vs Liabilities


Hi there and welcome to another business teaching on being financially smart

In my last post, I shared on Money and how to have lots of it.

I also shared with you, the difference between Assets and Liabilities and at this time, it is imperative to know how to generate assets more than CREATING LIABILITIES.

Based on my research on CREATION OF WEALTH, I realized one COMMON THING WITH THE RICH and that is to CREATE AN INFLOW OF INCOME to fuel or PAY for most of their expenses.

YOUR EXPENSES ARE YOUR LIABILITIES, let that sink in and WHEN YOU SPEND, YOU ARE INCREASING YOUR LIABILITIES.

So, what do you do to increase your assets building?
1. You need to create a passive income that has the ability to generate money for you.

In Nigeria, for instance, THE GREATEST WEALTH CREATION RIGHT NOW IS IN THE TELECOM INDUSTRY and the best way to it, is to OWN YOUR OWN VTU PORTAL, meaning HAVING THE POWER TO BUILD LIKE THE BANK.

Interested in checking that out, read more and when you are convinced, you click on the JOIN NOW to REGISTER 

This is one way you can start creating a passive income for yourself

2. Another way to it is to look for successful companies and partner with them. Partnership is one of the FASTEST WAY TO GET EXPONENTIAL SALES for your business.

Remember that Assets IS WHAT BRINGS MONEY INTO YOUR POCKET; partnering with companies with huge customer base is one.

Don't know of any? Ever heard of SFI Rewardical Economic Commerce Associate: RECA?
This is a group of E commerce sites that SFI bring together to help them serve their HUGE CUSTOMER BASE, interested as an Ecommercepreneur? Go HERE and check out the terms. IT IS FREE TO JOIN.

3. Another way is to CREATE DIGITAL INFOPRODUCTS based on your knowledge and put it as an ONLINE COURSE or as an ebk and sell online.

Don't know where to start? Smashwords can help, or amazon. See mine here

4. There are also several other ways like joining an affiliate or network marketing eg I work with SFI and it has been one of the fastest ways I  have been able to create assets for myself for the past 7 YEARS as at the writing of this blog post.

To end this, if you would like to know more about HOW TO BE FINANCIALLY SMART BY CREATING ASSETS RATHER THAN LIABILITIES, I have a MEMBERSHIP CLUB, I would love to invite you too.

You can check the trial here and if you love what you see, and would love to join then PLEASE, PROCEED HERE 

I will love to hear from you about the membership.

Take care and see you soon with another business insight that WORKS AND IS BUSINESS CHANGING

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