Tuesday, February 17, 2015

Financial Thought of the Day February 17, 2015: The Basic Formula for Wealth Building

In business: Revenue - Expenses = Net income or Net loss (Depending on whether nor not expenses exceed revenue)

Personal: Paycheck – Bills = Discretionary income or loss (Amount you have to save [or spend] or the amount you have to draw on savings).

Personally I prefer the first option.

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