Wealth File #13

Rich people focus on their net worth.
Poor people focus on their working income.

Rich people understand the huge distinction between working income and net worth. Working income is important, but it is only one of the four factors that determine your net worth. The four net worth factors are:

  1. Income
  2. Savings
  3. Investments
  4. Simplification

Focus on all four net worth factors: increasing your income, increasing your savings, increasing your investment returns, and decreasing your cost of living by simplifying your lifestyle.

by T. Harv Eker

In order to create the four net worth factors, one needs a very strong self-discipline. Of course, we may learn money management at school or university. But how many people know how to manage their mind? Remember that your mind controls your action; your action affects your income. That’s just one of the powerful topics DMI cover in our upcoming trainings.

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