The Purpose Of Creating These Mock

By Lucia Lepe

Study the diagram above and notice if you can see the difference. Again, you have to understand the cash flow to understand the story. Most people just look at the numbers and don't read anything. If you can truly understand the power of the cash cycle, you will quickly see what is wrong with the next picture, or why more than 90% of the populat

• Language: English
• Publisher: Lucia Lepe
• Release date: Feb 1, 2024
• ISBN: 9798869216182

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The Purpose Of Creating These Mock

The Purpose Of Creating These Mock

Copyright © 2023 by Lucia Lepe

All rights reserved

TABLE OF CONTENTS

CHAPTER 1 : SMART INVESTORS DON'T TRY TO FIX THE MARKET.

CHAPTER 2 : TRIPARTITE COMMISSION

CHAPTER 3 : SIMULATORS FOR AIRPLANES

CHAPTER 4 : WOODS MADE A SERIOUS MISTAKE FOR A SCIENTIFIC BETTOR

CHAPTER 5 : ORGANIZATION OF WORK

CHAPTER 1 : SMART INVESTORS DON'T TRY TO FIX THE MARKET.

If they miss a wave, they will find the next wave and get into position in time for it to arrive. This is difficult for most investors because having to buy something that is out of favor is terrifying. Shy investors are like sheep walking in a crowd. Or it's greed that draws them in when the wise investors have already taken their share and gone. Wise investors invest capital when it is not yet popular. They know that they make a profit when they buy, not when they sell. They waited patiently. Like I said, they don't regulate the market. Just like a surfer, they have to get into position when the next big wave is coming.

All of this is internal trade. There are forms of internal trade that are not legal and there are forms of internal trade that are legal. But whatever form they take, they are still internal commerce. The only difference is how far away from internal you are.

Money is made from information.Do you want to hear about the next boom, get in or get out before the next bust? I'm not saying do it illegally, but the sooner you know, the better your chances of making a profit with minimal risk. Those are the things that friends can help you with. And that is financial intelligence.

4. MASTER ONE FORMULA AND THEN LEARN A NEW FORMULA:

The power of learning quickly.To make bread, each baker must follow a recipe. The same goes for making money. That's why money is also called dough.

Most of us have heard the saying: What you eat is what you become. I have a similar saying: The way you study, the way you are. In other words, be careful what you study and research, because your mind has the power to influence you so much that you will become what you put into your mind. For example, if you learn to cook When you eat, you will tend to become a chef. If you don't want to be a chef anymore, you have to go to another school, for example, study pedagogy. After studying teaching, you usually will become a teacher. And everything goes like that. Choose carefully what you want to learn.

When it comes to money, most people follow a general formula they learned in school. It's about working to make money. A formula that I see having a huge impact in the world is that every day, millions of people wake up, go to work, make money, pay their bills, balance their income and expenses, buy some public bonds and go to work again. That is a basic formula or method.

If you're tired of what you're doing or if you're not making enough money, it's simply time to change your money-making formula.

When I was 26, I went to a weekend class called How to Buy Foreclosed Properties. I learned a recipe. The next thing is to be trained to be able to apply what you have learned into practice. Most people stop at this point. During the three years I worked with Xerox, I used my free time to learn how to master the art of buying foreclosure properties. I made several million dollars using this formula but nowadays it's too slow and too many people are doing it.

So after mastering that recipe, I kept looking for other recipes. In many classes, even though I never used the information I learned directly, I was always looking for new information.

I took classes just for veteran traders, classes for option traders as well as classes for everyone who wanted to learn. I was out of my league, in a room full of people with PhDs in atomic physics and space science. However, I learned many things that made my stock and real estate investments more meaningful and profitable.

Most startups and public universities offer classes in traditional financial accounting and investment planning. Those are great places to start.

So I'm always looking for a quicker recipe. That's why even though I have a fairly common background, I can still make more money in a day than many other people who work all their lives.

There is another aspect to note. Today's rapidly changing world does not consider much of what you know, because often what you know is already outdated. The main thing is how quickly you can learn. This skill is invaluable. It's invaluable because if possible, it will help you find formulas - methods to make money faster. Working hard to earn money is just an old formula that people came up with in ancient times.

5. PAY YOURSELF FIRST

The power of self-discipline.If you can't control yourself, don't try to get rich. You can join the army or a certain religion to be able to control yourself. It doesn't make sense to invest, make money and then throw it out the window. It is the lack of self-discipline that causes most lottery winners to go bankrupt after winning millions of dollars. It's this lack of self-discipline that causes people who get a raise to immediately go out and buy a car or take a trip and then end up in debt...

It's hard to say which of these 10 steps is the most important. But most of all, this is probably the hardest step to take if it's not part of your nature. I dare say: it is the lack of personal discipline that is the number 1 differentiating factor between the rich, the poor and the middle class.

Simply put, people with low self-esteem and low tolerance for financial stress will never get rich.

As I said, I learned a lesson from rich dad that the world will push you around. The world pushes down on those who lack self-restraint and self-discipline, and pushes them to become victims of those who have their own discipline.

In the business classes I teach, I often remind people not to focus too much on their products or services but to focus on developing their management skills. The three most important skills needed to start your own business are:

1. Cash flow management.

2. Human resource management.

3. Personal time management.

It can be said that the above three management skills apply to everything, not just businesses, they are three issues in the life of every individual, every family, every business, every organization. charity, each city or each country.

Every skill is enhanced through self-discipline. I never take rich dad's words lightly: Pay yourself first.

As I said, financial literacy allows people to read the numbers, and the numbers tell stories to them. Looking at someone's income statement and balance sheet, I can see whether someone who eloquently says pay yourself first is actually doing what they preach.

A picture is worth a thousand words. So again compare the financial statements of those who pay themselves first with those of others.

Study the diagram above and notice if you can see the difference. Again, you have to understand the cash flow to understand the story. Most people just look at the numbers and don't read anything. If you can truly understand the power of the cash cycle, you will quickly see what is wrong with the next picture, or why more than 90% of the population has to work hard all their lives and need financial support. Government assistance such as social benefits when no longer able to work.

Can you see? The diagram above reflects the activities of an individual who chooses to pay himself first. Each month, they put money into the asset column before paying their monthly expenses. Even though millions of people understand the saying Pay yourself first, in reality, they always pay themselves last.

Now I can hear the boos from those who sincerely believe in paying their bills first, and the naysaying from the responsible people who always pay their bills on time. I'm not saying you should be irresponsible and not pay your bills. I say do what the book says, pay yourself first. And the diagram above is an accounting picture that accurately describes that action, not the following picture:

There have been many years in my life when, for some reason, my cash flow was much lower than my bills, but I still always paid myself first. My accountants shouted in panic: The tax authorities will put you in jail. You will not be able to use this credit card again! They will cut off the electricity! I still pay myself first.

Why? Because that is the power of self-discipline and the power of the spirit, or to put it more commonly, it is grit.

As rich dad taught me in my first month working with him, most people let the world push them around. Have the courage to go against the tide and you will be rich. You may not be weak, but when it comes to money most people become timid.

Even though I always pay the bills last, I'm financially smart enough to not get into a difficult situation. I don't like taking on consumer debt. Actually, I have a lot of liabilities, but I don't have to pay for them, others have to pay for my liabilities. Those are the tenants. Therefore, the first rule when paying yourself first is not to get into debt. Even though I pay the bill last, I have to arrange it so that I only have to pay small, unimportant bills.

Second, when I'm occasionally short on money, I still pay myself first. I let the creditors scream. I like them to be firm with me. Why? Because it was these people who helped me. They forced me to go out and earn more money. That's why I always pay myself first, keep investing the money and let the creditors yell. In general, I usually pay them on time anyway. My husband and I have a great reputation. We don't let ourselves be pressured into using savings or paying off shares to pay off consumer debt. That's not financially smart.

So the answer is:

1. Don't get into debt that's too big for you to pay off. Let's spend less. Build assets first, then buy a big house or a nice car. Getting stuck in the Rat Race is not smart at all.

2. When you're short on money, let the pressure press down on you to make things happen and don't fall into excessive spending or investing. Use pressure to force your financial genius to come up with new ways to make money and then pay the bills. Surely then you will be able to increase your earning potential as well as your financial intelligence.

Many times I have been stuck in financial difficulties and had to find ways to generate more income, while still faithfully protecting the assets in my asset column. My accountant screamed and disappeared to find a way to make ends meet, but I remained like a heroic soldier defending my Fortress of Assets.

Poor people have poor habits. A common bad habit is wasting money. Rich people know that they should only save to make more money, not to pay bills.

I know these may sound harsh, but like I said, if you're not tough on yourself, the world will