cashflow101 l e a r n i n g p r i n c i p l e s

11
LEARNING PRINCIPLES

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Page 1: Cashflow101 L E A R N I N G  P R I N C I P L E S

LEARNING PRINCIPLESLEARNING PRINCIPLES

Page 2: Cashflow101 L E A R N I N G  P R I N C I P L E S

Money Is Just An IdeaMoney Is Just An Idea

It’s What You Think It Is,

It’s What You Wanted It To Be.

It’s What You Think It Is,

It’s What You Wanted It To Be.

How You Play The Game Reflex Your Idea About Money

How You Play The Game Reflex Your Idea About Money

Page 3: Cashflow101 L E A R N I N G  P R I N C I P L E S

Understanding What Is Assets and Liability

Understanding What Is Assets and Liability

To Determine Whether It’s an ASSET or LIABILITY is The Word

To Determine Whether It’s an ASSET or LIABILITY is The Word

ASSET= Cash Flows IN

LIABILITY= Cash Flows OUT

ASSET= Cash Flows IN

LIABILITY= Cash Flows OUT

CASHFLOWCASHFLOW

Page 4: Cashflow101 L E A R N I N G  P R I N C I P L E S

In Regards If You Work or NotIn Regards If You Work or Not

ASSET Puts Money In Your PocketLiability Takes Money Out of Your Pocket

ASSET Puts Money In Your PocketLiability Takes Money Out of Your Pocket

In Regards If You Work or NotIn Regards If You Work or Not

ASSET will Feed YouLiability will Eat YouASSET will Feed YouLiability will Eat You

Page 5: Cashflow101 L E A R N I N G  P R I N C I P L E S

Minding Your Own BusinessMinding Your Own Business

Is There A Difference Between Your Profession and Your Business?

Is There A Difference Between Your Profession and Your Business?

Profession= Minding Other People’s BusinessProfession= Minding Other People’s Business

Business= Minding Your Own BusinessBusiness= Minding Your Own Business

Work for MoneyWork for Money

Money Works for YouMoney Works for You

Page 6: Cashflow101 L E A R N I N G  P R I N C I P L E S

Why is it Important to Mind Your Own Business?

Why is it Important to Mind Your Own Business?

Builds Your ASSETS Builds Your ASSETS

ASSETS Can Get You Out of The RAT RACEASSETS Can Get You

Out of The RAT RACE

Page 7: Cashflow101 L E A R N I N G  P R I N C I P L E S

OPM (other peoples money)OPM (other peoples money)

GOOD DEBT buys AssetsBAD DEBT buys LiabilityGOOD DEBT buys AssetsBAD DEBT buys Liability

GOOD DEBT makes you RICHBAD DEBT makes you POOR

GOOD DEBT makes you RICHBAD DEBT makes you POOR

Page 8: Cashflow101 L E A R N I N G  P R I N C I P L E S

Understanding The Difference Between RISK and RISKY

Understanding The Difference Between RISK and RISKY

“There is Risk in Everything, but It doesn’t have to be

RISKY”

“There is Risk in Everything, but It doesn’t have to be

RISKY”

Page 9: Cashflow101 L E A R N I N G  P R I N C I P L E S

Are You A Risk Taker or A Risk Averse?

Are You A Risk Taker or A Risk Averse?

Risk Taker = Ideas are Bigger Than The Person

Risk Taker = Ideas are Bigger Than The Person

Page 10: Cashflow101 L E A R N I N G  P R I N C I P L E S

Risk AverseRisk Averse

1. Their Idea is Smaller 1. Their Idea is Smaller

2. Fear of What Others Might Think2. Fear of What Others Might Think

3. Fear of Making Mistakes / Failure3. Fear of Making Mistakes / Failure

Page 11: Cashflow101 L E A R N I N G  P R I N C I P L E S

SELLINGSELLING

“The Ability to Communicate Your Ideas to Other People”

“The Ability to Communicate Your Ideas to Other People”

Rank as The #1 Skill In the World of Business

Rank as The #1 Skill In the World of Business

“Your Wealth is The Reflection of Your Selling Skill”

“Your Wealth is The Reflection of Your Selling Skill”