....and yes! money!
First we discussed about the affirmations to a millionaire mindset. you know what that means? anyone can be a millionaire if you just follow these simple tips!
> Be a super money magnet
> Manage all income with ease. one word. "BUDGET"
> Consistent yet massive actions to increase total net worth.
> Money flows endlessly regardless of where and what a person is doing.
> Ability to earn and invest money increases exponentially day by day. SAVE UP! SPEND LESS!
> Become rich by adding values to other people's life.
More helpful tips
- Don't use a credit card much, all of the excessive spending will come back to haunt you, and you may end up in debt. Try getting a debit card for daily purchases, they're a lot easier to deal with. Use your credit card only for emergencies, and to establish your good credit.
- Never invest more than you are willing to lose. This is particularly important when you start. The older and more experienced you get the less risk you are likely to take, or the better you are capable of taking it.
- Money represents value. You might come to the understanding that you make money on giving something that other value more than what they pay. You spend the money to get something that is more valuable.
- Think a lot on why you want to become rich, what exactly you want to buy, what lifestyle you want. Make it specific, and date your time for having it and why it matters to you.
- Money can never buy true happiness. Do not lose your friends and family over making money.
Moving on...
A continuation from the past blog post! yay! and its all about.....
DEPRECIATION
it is the lost in value of physical assets through its use.
Terms to remember:
1. DEPRECIATION CHARGES - The yearly deposits into the depreciation funds.
2. DEPRECIATION SCHEDULE - A spreadsheet for tracking the purchase of capitalized items and their depreciation status
more terms here: http://www.fieldstonealliance.org/client/book_excerpts/Glossary-Financial_Terms.cfm
DEPRECIATION SCHEDULE
1. Relate the total and average years in depreciation in the preparation of depreciation schedule.
2.Construct the depreciation schedule.
FORMULA:
( TOTAL DEPRECIATION )
DEPRECIATION = COST - SCRAP VALUE
( THE AVERAGE YEARLY DEPRECIATION )
DEPRECIATION/ TIME
MAKE MORE MONEY. Just always remember to save up and spend less. Don't put your money in your head put it in a bank.
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