What Do Rich People Have That The Poor Does Not Have Apart From Money? The rich has money which the poor does not have but aside that, there are other urbane possessions of the rich that the poor don't have and I will just write on10 of such. The rich has money because they have learnt how to make money flow to them effortlessly but the poor would never know or do that These other urbane possessions of the rich include: 1. Wealth Mindset The rich has learnt that his mindset is everything and thus he guards jealously never allowing weeds and negative thoughts to live therein and making every effort to avoid the victim mentality. But the poor has accepted his condition as his fate and thus makes no efforts to extricate himself from the poverty pool. 2. Personal and Financial Discipline The rich has taught himself both physical and financial discipline. He does not speak out of tune, he has a cultured mannerism, is often courteous and humble. He also...
Know Your Budget, Know Your Expenses How to Plan for and Cut Four Different Types of Expenses Knowing your spending is a huge step toward getting a handle on your budget. You could believe that expenses are just that: expenses. It's an expense if money is being spent. However, at Wealth Is Earned, we divide your expenses into four categories: fixed, recurrent, non-recurring, and whammies (the worst kind of expense, by far). What are the many types of expenses and why are they important? We're grateful you inquired. Let's get started. What is a Fixed Expense, and how does it differ from a Variable Expense? The types of expenses that most individuals consider when creating a budget are fixed expenses. They are monthly expenses that occur on a specific day and for a specific amount. Fixed expenses include your mortgage, mobile phone bill, car payment, gym membership, utilities, and Netflix subscription. Consider your fixed expenses, such as your bil...