There is a financial secret that many people overlook
There are many people who are afraid of the uncertainty in the income of their main job. Office workers expect to have a double salary, no need to overtime after work, regular salary and more expenses in life, no need to worry about food, housing, transportation. But, the truth is, no matter how many jobs you have, the more time you spend at work, the more your health declines even though you earn a small amount of money while the cost of living is increasing day by day. the higher the increase.
In a course on wealth, the on-stage speaker asked the audience: “Do you know what the definition of wealth is?” The speaker shook his head. “If you think that people with money are rich, you don’t know the definition of wealth. The definition of wealth is: When you don’t work or lose your job, you can still live without food or clothing for yourself and your family..
The audience froze on the spot. Can they continue to survive if they don’t work? This is not taught anywhere at all. The speaker went on to say: “When the rich don’t work, they still have money from investments, rent… So rich people play golf every day and earn millions of dollars a month.”
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Give the fishing rod, not the fish. So, don’t choose money, but choose a source to spend money. “It doesn’t matter how much money you make, it’s how long you make it, what matters most.” Many people have exhausted their lives and have almost become working machines, but they can’t become rich all their lives.
Income structure is a key factor in determining whether you will have money or not. Your income through work will account for the majority of the proportion, and about 95% of income comes from salary. The income earned when not working, such as bank interest, etc., accounts for only 5%. Therefore, to change the income structure, it is necessary to increase non-wage income and smart people know how to use their leisure time to help themselves find a sustainable income.
Every car has a 5th tire, which is the spare tire. Do you have a spare tire to create a “sustainable income” for yourself and your family? There are two roles in the family, carer and dependent. People who are responsible for their livelihoods and earn money to support their families are called “caregivers”; another role that is not able to work is called a “dependant”.
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Risk is always present, and if something happens to the caregiver, the family will fall into poverty, even unable to live. It is not uncommon for the whole family to lose their support due to the caregiver’s inability to earn money, prompting the family to beg for social assistance. The reality is that there doesn’t have to be an accident, just one day a caregiver is fired by a boss and loses a source of income, and the family’s economic center of gravity will suddenly be out of balance.
Smart families know that planning ahead can make it even easier for carers. Completely changing income structure and pursuing sustainable income trends is the only option. So, in order to escape the situation of not having enough food to eat and clothe due to an accident, at least one person in the family must generate a sustainable income.
When people are in good times, they have to anticipate times of crisis. When you generate a sustainable income, you can lift yourself out of poverty. While you still have physical strength and free time, quickly accumulate at least a sustainable income for yourself and your family.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
