“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.” -- Warren Buffet
Be a share holder is more easier to earn money comparing to work as a worker because when you invest a company share, you got the right to earn passive income from annual (or quarterly) stock dividends which is usually ROI 3% to 8% of the investment amount (say purchased price).
For ordinary people, buying stock shares is just like buying a coffee tree. When the price of the coffee tree rises, most of them choose to sell it and make a profit. But when it comes to the stock saving method, it is to take good care of the coffee tree after planting it, and wait for the coffee tree to bear fruits and produce coffee beans, and after sold coffee beans, then use the money (i.e. stock share dividends) to buy another one or two coffee trees. Over time, there will be more and more coffee trees in the coffee farm. Eventually after so many days have passed that the coffee beans are too much to sell and drink coffee.
Asset Accumulation Chart is a comprehensive lifetime asset calculator for people to easily monitor their assets accumulated by year from the age 20 to the age 100.
I'm going to be rich ! This is what most people’s wish to become for their lifetime. Before you reach that goal, there are 5 steps and 28 habits to moving forward to the first pot of gold. Here we go:
For those who want to do monthly budgeting properly, you can use this monthly Cashflow Chart form for Personal Finance Calculation. So that you could overview and monitor all your incomes and expenses in one sheet.