Unlocking Secrets Of Rich: ONE Thing That RICH People Buy That Poor and ...

This intriguing narrative text video is over 700,000 views and counting on YOUTUBE, and it's not at all what you think... Keep an open mind, you are about to be very surprised...your life won't be same again!

It’s so simple but so important that when I finally understood it, it changed my life forever. 

I'm going to open your eyes and show you exactly what I mean, and you’ll see why the rich get richer, the poor get poorer, and the middle class are getting squeezed out.

The wealthy buy ASSETS. These assets pay them money, which they use to buy MORE assets which makes them MORE money. The ASSETS make them money instead of their TIME.

• The poor by STUFF
• The middle class buy LIABILITIES 
• The wealthy buy ASSETS

Preferably businesses that PAY YOU money then take that money and buy another asset that produces more money.

Republished for Awareness, Information and Knowledge!

Source: youcantmissthis

Lesson 3: What is a Balance Sheet and Margin of Safety

Preston Pysh is the #1 selling Amazon author of two books on Warren Buffett.

In lesson 3, explore the importance of a Balance Sheet and learn current assets and liabilities as income streams and obligations, respectively; a company will receive or pay during the next 12 months. Also learn the equity of a business as equal to the total assets minus the total liabilities. After determining a company's equity, you can use that important number to determine the margin of safety that's associated with buying a business.