Tuesday, March 7, 2017

Definitions

The amazing power of words... The astounding control we give them over our lives.

We need to define seven terms before moving further in our journey. 

1.  Richness - Having everything you need. Accepting and realizing that it is all you need.

2.  Wealth - The acquisition of assets.

3. Asset - That which provides you income.

4.  Liability - That which takes money from you.

5. Earned Income - Income derived from a job or service provided. 

6.  Portfolio Income - Income derived from the Stock Market. 

7. Passive Income - Income derived from residual sources. 

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