On 23 Apr 2014 15:39, "Clinton Rozario" <clintonrozario@gmail.com> wrote:

Personal goals
Medium, long
1. Want to run a business
2. Want to have a constant, large stream of income
3. Want to have a way of experimenting with stuff all the way to the end

Corner stone vectors

# how you spend time is important to income
# company you keep,  spouse and friends
# health

Financial corner stones

# buy appreciating assets asap
# delay depreciation assets as much as possible

Must have

# real estate
# get a second one. Rental is one source of income

# buy a loan - mistake
# pay cash -  mistake

# understand cash flow and discounted cash flow and tax implications

# give them a guarantee. Use people's averse ness to risk

Don't count on exceptions or fear exceptions
Build your portfolio assuming that you are going to do average
If you don't lose money, as a rule, you will be ok

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Depreciating assets

# cars depreciate
# try buying the car as soon as it depreciates

# try buy the item
# selling the car with accident door is low price