SECRETS OF FINANCIAL SOLVENCY

WE CAN DIVIDE OUR ECONOMY INTO 4 FACTORS.
1.INCOME
2.COST

3.ASSETS
4.LIABILITIES

*INCOME IS STH WHAT WE EARN LIKE WAGE.  *COST IS STH WE NEED TO PAY LIKE BILLS.

#ASSETS ARE THE THINGS PAYS US LIKE OUR OWN HOME WHAT WE GIVE RENT TO OTHERS. #LIABILITIES ARE THE THINGS WE NEED TO PAY FOR LIKE BUYING SOFA.

COSTS AND LIABILITIES SHOWS OUR LIFESTYLES.BUT IF WE JUST WASTE ALL OUR INCOME AND ASSETS FOR THEM WE WILL NOT BE ABLE TO IMPROVE OUR LIFESTYLE OR GET OURSELVES DOWN…….SO WHAT CAN WE DO?????
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WE CAN FOLLOW THIS GRAPH.IF A PART OF OUR INCOME IS BEING SPEND IN OUR ASSETS RISING IT WILL INCREASE ASSETS. AND BY INCREASING ASSETS WE WILL HAVE AN INCREASING COST AND LIABILITIES LEVEL….THIS IS HOW WE CAN GET SOLVENCY