"The rich buy assets. The poor only have expenses. The middle class buys liabilities they think are assets."
~ Robert T. Kiyosaki

Most people go on with their lives acquiring money problems, not because they are not smart, but because they fail to learn the simplest rule in financial education -- identifying which is an ASSET and which is a LIABILITY.

Let me show you the three different types of CASH FLOW, one of the poor, the middle class and of the rich. These are FINANCIAL STATEMENTS and BALANCE SHEETS that show the flow of money into our lives.

This is the cash flow pattern of the POOR:
Their income just flow to expenses and out of their pockets.

This is the cash flow pattern of the MIDDLE CLASS:
Their income goes to liabilities, believing that they are buying assets, thereby incurring more debts and adding more expenses.

This is the cash flow pattern of the RICH:
Their income goes to ASSETS, thereby producing more income. This is the very reason why the rich gets richer. They invest into increasing their asset columns.

So what exactly is an ASSET and a LIABILITY?
An ASSET is anything that puts money into your pocket.
A LIABILITY is anything that takes money out of your pocket.

So yes, your house, if you are still paying for mortgage is a LIABILITY. It takes out money from your pocket every month. While, if you have a house and have it for rent, then it is an ASSET, since it puts money into your pocket regularly. I am not saying you don't buy a house, I am just giving you an idea that if you want a bigger house, increase your asset column first to generate more cash for you to buy your house using your asset cash, not your working income.

FINANCIAL EDUCATION is important if you want to get ahead in life. These ASSET vs LIABILITY rule is one of the simplest yet overlooked by people. Do not fall into the trap of doing what most people are doing. Take control of your life and your money. THE FUTURE IS YOURS, take it!

Kate Cu (+639178808021)
Life and Business Coach
www.ca2020.net
ckatecu@createabundance2020.com

"The poor and the middle class work for money. The rich have money work for them." ~ Robert T. Kiyosaki

We Filipinos value education so much. Our parents go through great lengths just to bring us to school. They even borrow and pawn their things just to have us finish a degree, saying that it is the only inheritance that they can leave us. A lot of us go to college for four or five years. Some even take graduate studies and some other take second courses.

There is really nothing with being educated. In fact, it is better to be educated than be ignorant. The sad part of it though is that SCHOOL EDUCATION IS NOT ENOUGH. It never is. It may teach you about your professional career and how to work for money, but school will never teach you how to be rich. If you want to be successful financially, then you can never rely on school learning alone. Why? Because there are no subjects about MONEY in school. After graduation, majority of us go to work, get our paycheck, balance our finances, and that's it. We go along day by day, working for money, and then we wonder why we have money problems. Most often, people think that more money will solve the problem. Only a few realize that it is their lack of financial education that is the real problem.

People wake up everyday dreading to go to work. They work long hours, hoping for promotion or a raise. They worry about their bills and all the other expenses at hand. They are living a life dictated by the size of their paycheck. They are working for money. That I believe, is not how you should live your life. WHY NOT LEARN HOW TO MAKE MONEY WORK FOR YOU? Instead of you working hard, you work smart and let your money do the working. You only need to learn how to identify an opportunity.

People say that they haven't had any opportunity and that they are still waiting for their chance. They didn't know that if they focus on educating themselves financially, they would be able see what most people miss. Making your money work for you is easy. You only need to use your thoughts, creativity, and be open to learn new things everyday. Do not be afraid to try something new. Most successful people didn't do what most of the people are doing, successful people are the ones who stood out of the crowd and walked on a different path.



The Create Abundance Community are groups of business people that mentors people on how to cross from working for money to having your money work for you. If you are interested about financial education, you may visit our site www.ca2020.net.

Kate Cu (+639178808021)
Life and Business Coach
ckatecu@createabundance2020.com

Of course, when I say boss, they are the owners of your company. Your immediate bosses and supervisors right now are doing the same thing as you are, you are both making your real boss rich. And you? I bet, you're just making ends meet. Now, don't tell me that you're earning enough money, and you just bought a new car, or that new house, because I could bet, you bought it on credit! Bank loan? Pag-ibig? Meaning, if you are to stop working right now, you will be broke. Meaning, you are not rich, just earning a lump of cash.

Being rich is not how much money you make but how much money you keep. It is also about how long you can survive without having to work and depend on anyone for money. Your boss can have a vacation for a year and come back still having money. Why? Because you are working for him. If you think that you are working for yourself, you are so wrong. In fact, you are making everyone else rich, except yourself. You are making your boss rich, you are making the banks rich (because you know when you loan, they earn on interest, so they love it when you buy things on credit), you are making the mall rich, I'm sure you love to shop, again on credit. And you don't invest. Ah yes, you have savings, you say? How much interest? 1% annually, then less taxes and inflation, in a few years time your money will be worth half or less that its value today. You think investing only happens in the stock market and you are so afraid of going into business because of risk.

So what do you plan to do now? Continue making others rich? When do you plan to retire, by the way? If you keep on doing the same things, you will keep on having the same results. Make a choice now. Who do you want to make rich? Other people will not make you rich, unless of course, you are the bank or have your own business that people will work for.

Ckate Cu
+63 9178808021 / +63 9208149571

For a lot of people, this may be an out of this world, craziest thing, so impossible, where did you get that idea kind of thing. I laugh out whenever I open this idea to a lot of Filipinos and get a smirk, a raised eyebrow or a flat out no for an answer.

How can we not believe that this is possible? When the Wright brothers thought of a flying machine, they were ridiculed and laughed. When Thomas Edison proposed the idea of wireless telephone, he was considered a lunatic. When the bullet trained was designed in Japan, it was thought impossible because they thought that people's brain would burst out because of the train's speed. We all know now that these are all possible and we use them everyday. We ride planes like it was so normal, we use cellphones and we ride trains. Now, I ask again, is First World Philippines possible?

Yes, it is. I can't do it alone. Two or three more can't do it. A hundred would not even stand a chance. We need thousands of Filipinos who would believe in this cause, and work hand in hand. Everything is possible if we give it a chance to be possible. Let us not wait for the government, or another civil revolution to push us to make a difference. Let us be proud, head up high and say to the world, Yes, I am a Filipino!

Caren Kate Cu - +639175135217 / +639208149571
Create Abundance 2020
www.ca2020.net/profile/CKATE

What you are afraid of is never as bad as you imagine. The fear you let up build in your mind is worse than the situation that actually exists. Fear cripples your imagination, limits your results and stops you from succeeding. You cannot stay the way you are, if you are not growing then you are dying.

From the book, "Who Moved My Cheese" by Dr. Stephen Johnson, stated that change happens. Whether you like or not, it happens. It is up to you how you will react. The book is about four characters (Sniff, Scurry, Haw and Hem) in the maze of their lives, looking for their cheeses (or dreams). They were able to find the cheese until suddenly, it was gone, or did someone moved it?

Sniff was the one who can see a change coming and is ready for it. Scurry who, when he realized that change is coming, eagerly got ready to move into action as fast as he can. Haw, waited till he was way far behind, realizing later that he needed to face his fears and should have moved on with the change earlier. Haw refused to change at first then learned to laugh at his stupidity and understood that one should be ready to adapt to change quickly. He decided that change is important if you want to survive. Hem never accepted the change, blaming others for his failures, never realizing that life could have been better if he had accepted change from the beginning.

If you are Hem, you will never get your cheese back, not unless you get your butt off that couch and move on. Get out of your comfort zone, let go of your fears and find your cheese. The story ending, Sniff and Scurry was able to find their cheeses quickly. Haw went looking for it later, and eventually found it after he choosed to act inspite of his doubts. Hem, of course, never did leave his comfort zone, and continued to lived his life wondering where his cheese went. Be a man, don't be like Hem, if you want that cheese, get it. Don't sit there, forever in your little area, waiting for a miracle that your cheese will arrive. It will not come, you need to go looking for it.

Do you have the courage of a man? or are you a whimpering coward mouse?
The only permanent thing in this world is change. Face it or whither and die.

The difference between a successful person and a failure is not the size of their dreams, but the actions they take. Before sending me a message, ask yourself first, Are you willing to take the action?

CKate Cu - +639175135217 / +639208149571
Create Abundance Business Community
www.ca2020.net

Today, I celebrate my breakdown!

It is not easy dusting off yourself knowing that you hurt, you feel the pain, and you failed, among the many mistakes you've made in your life. You felt that you've reached the point where you can't go on anymore and that everything is lost.

I feel the same way today. I am devastated and I feel so alone. It's like all my life have been thrown away and that there is nothing left to do about it. I let my tears fall, I let the emotions flow and then slowly, I let it go. It's hard, really hard. It's not easy letting go of something so important to you, something that is a part of your life. It's hard breaking away from a lifetime dream that ended up as something else than what you want it to be.

It is never easy. But it is doable, by choice, it is possible. Only you can move forward. It is a decision you have to take for yourself. I move forward because I know that in every breakdown there is a breakthrough. So I celebrate now, because the only way next when you're so way down is up.

Ckate Cu
www.ca2020.net
www.ck8cu.wordpress.com
www.ck8cu.livejournal.com
www.ck8cu.blogspot.com

 

Happiness, I believe is one of the main goals of everyone. I don't know anyone who ever NOT want to be happy, unless otherwise of course you chose a life of bitterness. What makes a man happy? His family, his friends, abundant life, good health, wonderful relationships, doing what he loves, freedom.. the list are endless.

My question however is this, are you happy now? Are you satisfied with your life? with your relationships? your career? are you dong what you love most? or are you among the many thousands of people stuck in your own race leading no where.

Life is a choice. Happiness is a choice. Are you willing to take that one choice to make a difference in your life or are you going to do again what you have been doing in your life.

You can't continue what you have been doing and expect a different result. That is insanity. If you want a change in result, change what you're doing. Change it, now!

Ckate Cu
www.ca2020.net
www.ck8cu.blogdrive.com
www.ck8cu.wordpress.com
www.ck8cu.livejournal.com
www.ck8cu.blogspot.com

No one has the right to tell us that we will never be successful, but how many times do we actually let people tell that to us?

"If everyone of us did what we are all capable of doing, we will literally astonish ourselves." said Thomas Edison. But how many of us do actually harness our full potential and do what we are so capable of doing? How much have you accomplished today? How much are you willing to accomplish?

Yes, no one can tell you what you can or cannot do. It is in your hands. You are the one who is capable of reaching your full potential. Not age, nor luck, nor education, and not even your background defines who you are and who you can be. It is you and your choices that defines the future you will have.

Will you listen to others that you can't? Or will you stand up and prove them wrong?

Ckate Cu
www.ca2020.net
www.ck8cu.wordpress.com
www.ck8cu.blogspot.com

What is the difference between working hard and working smart?

Working hard is getting up early in the morning, go to work for ten to twelve hours, getting home late with a few extra work at night, sleeping late, having no time with your family or friends, stressed, overfatigue and underpayed. Your pay is based on time, and you plan to do this until your retiring age, which is 60 to 65.

Working smart on the other hand is waking up any time of the day, you own your time, your pay is based on your result and not on time, you have a business that doesn't require you to be physically present, but you put a lot of effort and focus, but since you are using leverage, you still have time for other more important stuff like your family, your hobbies, your friends. You plan to build your business in the next three to five years, but after that you'll retire, may be when you are still at your 30's and can still enjoy most of your life.

Now, are you working hard? or are you working smart?
There are people who have done this, they worked smart and they succeeded. How much more time do you plan to waste on working hard knowing that you are never going to get ahead in your life.

The time is now. The place is here. Choose to make a difference in your life befor you realize it's already too late. We, the Create Abundance Community aims to create a world that works for all. We spread financial education and provide wealth couses to those willing to succeed.

Send me a message, then we'll talk.

Ckate Cu
www.ca2020.net
www.ck8cu.wordpress.com
www.ck8cu.blogspot.com