Two Sorts Of Individuals: spenders & savers– Part 1

By John Sage

When it comes to cost savings,there are perhaps just 2 types of individuals on the planet.

Those who invest their revenue and effort to conserve what is left at the end of weekly or fortnight,at the end of each pay package. That’s it,that’s the initial group. Pretty simple truly.

The second group kind are those who conserve initially and invest what’s left. That is,the second sort of individual sets a routine,pre-determined quantity of funds apart on a constant basis. This quantity is typically either a set dollar amount weekly or month relying on how frequently they are paid. In some cases they share the quantity as a percentage of what they are paid,typically at the very least 10% of revenue. They establish this quantity apart in a disciplined fashion; and then invest what’s left. That’s it. Likewise rather simple isn’t it.

The difference is that the revenue from “individual at work” revenue is short-lived. As long as your key revenue originates from your own personal physical effort,your revenue remains short-lived. That is,the moment you quit,the money quits.

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The huge majority of individuals invest their lives relying on their own personal physical effort. Nevertheless the “capitalist” aims to builds riches via the accumulation of assets. Their revenue therefore stems from rents,dividends and rate of interest. They have moved from relying on the short-lived revenue that stems from “individual at work” physical effort to taking pleasure in the monetary safety of easy revenue originated from “cash at work”.

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