Get the ebook " The 10 New Rules of Money: https://www.masterinvestor.education/courses/10-new-rules-of-money

What Is TheFoundation Of Wealth?The  key  to  financial success  is  understanding  our  personal  financial statement. This is perhaps the most important question you can ask and answer. For most people, being rich means making a lot of money. They think that if they can just make a little more each month, all their problems will be fixed.They will live like kings and queens. Financial   literacy   begins   by   understanding   our   personal   financial statement.The reality is that money doesn’t make us rich. What does make us rich is our financial IQ. Give the same $100,000 to a person with a low financial IQ and a person with a high financial IQ, and we guarantee to see a vast difference in how that money is spent and grown.Central to the difference between those with low and high financial IQs is a simple but profound literacy: the ability to understand a financial statement.One  of  the  most  important  things  you  need  in  order  to  be  financially successful is to know how to read an income statement and balance sheet.But even more important is understanding the relationship between them. We can see that in the Master Investor personal financial statement, which we canuse anddownloadat https://bit.ly/masterinvestorfreefinancialstatement. Many people who take accounting classes learn how to read an income statement and balance sheet separately. 

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