Example John earns £150,000 a year and Sarah earns £20,000 a year.
John doesn’t save or invest whatsoever But instead he chooses to spend his money on expensive cars, designer clothes, parties at the end of year, you name it and when all is said and done John has £5000 left.
Sarah spends her money on savings and investments. At the end of the year she has rental apartments that bring in £5000 every month thus having a cash flow of £60,000 a year. Sarah is Leveraging her resources and building and growing some Wealth. Sarah is Wealthy.
That is the Difference between the two and I hope you are leveraging your income however small it maybe now to build yourself and your family some wealthy. It is just a matter of choices. It is a matter of short term sacrifices for the long term gain.
Jaluum Herberts Luwizza is a Speaker,Writer, Columnist with the C.E.O Magazine and Contributor with the Nile Post.He is also a Business Consultant with YOUNG TREP East Africa’s No.1 Business Management and Consultancy firm that helps people start and grow profitable businesses.twitter:jaluwizza
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