Gabriel Dzsurdzsa "Founder of TheGreatWallofWealth"

Gabriel Dzsurdzsa "Founder of TheGreatWallofWealth"

Friday, June 15, 2007

The Truth! If ever so clayrvoiant!

"A greater psychological threat to our
investment success. Is our society's
obsession with immediate gratification.
Without assurance that I'll win,
I won't play. I want the Canadian dream
I see in the movies, the one my parents
promised me. And I want it NOW.
A willingness to delay immediate
gratification and instant results is the
first step in the right direction.
Patience is the first virtue. All
"value investors" demonstrate patience.
It is the hallmark of emotional maturity
in all of us. We must grow up, and rid
ourselves of the obsession with guarantees
and immediate gratification.
This liberates us to pursue real
financial success."

Friday, June 8, 2007

Under Construction!

UNDER CONSTRUCTION! CHECK BACK LATER!

Friday, June 1, 2007

The Cash Flow Quadrants Continued...


2. Self-Employed:
This is a little better
than being employed.
Why? It's simple. You
get to write off some
of your taxes, you
have your own schedule
and you have some
control over your
income. Usually categorized as middle
class but still clueless about how money works.
Ussually a very dangerous position to be in.
Lets say that you are a dentist and you got
your own office which means rental expense,
utilities etc. 1 secretary, 1 receptionist
and 2 dental assistants, employees. Again you
are not free because you have to be phisically
there to make money. If something happens to you
GAME OVER + you still have to pay your business
overhead expense. Again a very dangerous position
to be in. Where I'm getting at is
PASSIVE INCOME!!!!! PASSIVE INCOME!!!
.....coming soon!

Books I'm currently reading! Honestly!