Turniej Pokemon

john3859

yixian:
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http://www.public4you.fora.pl/offtopic,13/hrthaaeiqq,71975.html#108647

the Income Statement and the Balance Sheet. That relationship is vital to understand.
The primary cause of financial str [link widoczny dla zalogowanych][link widoczny dla zalogowanych]le is simply not knowing the difference between an asset and a liability. The cause of the confusion is found in the definition of the two words. If you want a lesson in confusion, simply look up the words "asset" and "liability" in the dictionary.
Now it may make sense to trained accountants [link widoczny dla zalogowanych], but to the average person, it may as well be written in Mandarin. You read the words in the definition, but true comprehension is difficult.
So as I said earlier, my rich dad simply told two young boys that "assets put money in your pocket." Nice, simple and usable.
"This is Cash Flow pattern of a liability."
Now that assets and liabilities have been defined through pictures, it may be easier to understand my definitions in words.
An asset is something that puts money in my pocket.
A liability is something that takes money out of my pocket.
This is really all you need to know. If you want to be rich, simply spend your life buying assets. If you want to be poor or middle class [link widoczny dla zalogowanych], spend your life buying liabilities. It's not knowing the difference that causes most of the financial str[link widoczny dla zalogowanych]le in the real world.
Illiteracy, both in words