Change Your Money Cycle
ebook ∣ Your Spending Habits Determine Your Wealth: Financial Freedom, #103 · Financial Freedom
By Joshua King
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90 to 95% of the workforce uses the "broke" money system. This cycle entails working, wanting, buying, and owning.
The other 5-10% use the "investor" money cycle that entails budgeting, saving, investing, and spending.
The key before between the two is cash flow. The "broke" use cash flow to buy liabilities, while "investors" use cash flow to purchase income-producing assets.
And guess what? Income-producing assets (like dividends) produce more income for you. So each month, you become wealthier and have more cash flow—it's a glorious cycle. You can convert to this money system if you choose. Good Luck!
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