It is not the man who has too little, but the man who craves more, that is poor. — Seneca. Being rich is simply having a lot of money or income. It comes down to how much cash you have in your bank account. But just because you’re rich, doesn’t mean you are wealthy. In…
Money is always eager and ready to work for anyone who is ready to employ it. ― Idowu Koyenik. What Is Capital? Capital is a broad term that can describe any thing that confers value or benefit to its owner, such as a factory and its machinery, intellectual property like patents, or the financial assets…
You are your greatest asset in the business of your life. ― Matshona Dhliwayo. What is asset? An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. An asset can be thought of as something that, in the…
To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of undeserving people. ― Charlie Munger. Who is Charles Thomas Munger? Charles Munger is an American billionaire investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is…
Taxation is the price which civilized communities pay for the opportunity of remaining civilized. ― Albert Bushnell Hart. We’ve got a tax code that is encouraging flight of jobs and outsourcing. And that’s why we’ve specifically recommended, that Congress change our tax code so that we stop giving tax breaks to companies that are moving…
If you would know the value of money, go and try to borrow some. ― Benjamin Franklin. Why lending is important? On the same hand lending personal loans has made life easier for the common masses who used to face cash crunch now and then. Let us Make you Rich/ Secrets of Success Together we…
Bottoms in the investment world don’t end with four-year lows; they end with 10 or 15 year lows. — Jim Rogers. Why market is very important to our economy? As everyone knows, free markets are important because they voluntarily bring together willing buyers and sellers. Supply and demand are the sine qua non of economics.…
Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very low gravitational pull on asset prices. —Warren Buffett. Why you should understand interest rates? In general terms, interest rates influence the cost of borrowing money for individuals and companies, as well as the…
You can make positive deposits in your own economy every day by reading and listening to powerful, positive, life-changing content and by associating with encouraging and hope-building people. — Zig Ziglar. What is deposition? A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money.…
If you owe the bank $100 that’s your problem. If you owe the bank $100 million, that’s the bank’s problem. — J.P. Getty. What Is Debt? Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under…
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists. ― Ernest Hemingway Whoever controls the volume of money in our country is absolute master of all industry and…
Competition is always a good thing. It forces us to do our best. A monopoly renders people complacent and satisfied with mediocrity. ― Nancy Pearcey. What is monopoly in economics and business? Investopedia defines a monopoly as, “a situation in which a single company or group owns all or nearly all of the market for…
Too many people spend money they earned..to buy things they don’t want..to impress people that they don’t like. — Will Rogers. ✌️IMPORTANCE OF MONEY ✍️🏆🚗💰 1. Money can’t buy relationships? But all relationships require money.😍🥰💰 2. Money can’t buy happiness, but there’s no happiness without money.😍🥰💰 3. Money doesn’t be important? but all important things…
If you owe the bank $100 that’s your problem. If you owe the bank $100 million, that’s the bank’s problem. — J. Paul Getty. What is bank? A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by…
The vote is precious. It is the most powerful non-violent tool we have in a democratic society, and we must use it. — John Lewis. What is vote? Voting is a method for a group, such as a meeting or an electorate, in order to make a collective decision or express an opinion usually following…
O Zeus, why is it you have given men clear ways of testing whether gold is counterfeit but, when it comes to men, the body carries no stamp of nature for distinguishing bad from good. ― Euripides. Why gold is valuable? The metal is abundant enough to create coins but rare enough so that not…
The best investment on Earth is earth. — Louis Glickman What is real estate? Real estate is the land along with any permanent improvements attached to the land, whether natural or man-made—including water, trees, minerals, buildings, homes, fences, and bridges. Real estate is a form of real property. Real estate is property consisting of land and the buildings on…
If you like gold, there are many reasons you should like Bitcoin. — Cameron Winklevoss. Why you should invest Bitcoin? Apart from the many advantages that Bitcoin has over FIAT currencies, it is also way more superior compared to other cryptocurrencies. For starters, Bitcoin’s network is far more stable than the one of any other cryptocurrency. Its infrastructure is also far…