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Active and Passive Capital : Suggestion

So what would be the good philosophy to follow?

First my suggestion, don’t spend more than 70 percent. Of course 10 percent from your income for charity (church), supporting multi project. It is a good place to start, it’s easy to give $1 out of $10 (10 percent out of 100 percent). Little more difficult to give a hundred thousand out of a million. You’d say, “If I had a million dollars, I’ll give hundred thousand. Well, I’M NOT THAT SURE ! Haha. We’ve better start you early, right? So when the big money come, it’ll just be automatic, you don’t have to think about it.

The next 10 percent
: ACTIVE CAPITAL. Try to make a profit. It’s call BUY AND SELL, means you try to make the profit, keep saving up these active capital until you’ve got something to work with to buy and sell.

The next 10 percent : PASSIVE CAPITAL, which means let’s somebody else use these 10 percent, you put these to work and see if you could make a profit. This is to let someone else use it, you are the passive partner in providing the money they are the active partner and see if they can make a profit and pay you dividend and their stocks increase, interest, whatever.

And that little formula is a good place to start, now you might really able not to start there, maybe by the time you heard this, you are in such in bad shape that you have to go here : 97 ; 1 ; 1 ; 1. That ninety seven is for your living and that three percent for charity, active capital, and passive capital. THE KEY IS TO START WITH SOMETHING ; IT’S NOT THE AMOUNT THAT COUNT, IT’S THE PLAN THAT COUNT.

“If I had more money, I’ll had a better plan.” Well this is bad idea.
“If I had a better plan, you’ll have more money.”

So you’ll have to. These now will become an exciting game to play, about measuring progress. This is one of the great motivating factors in the world is TO START SOMETHING AND MAKE THE PROGESS. So the ideal is 70 ; 10 ; 10 ; 10. But I can’t start there, you say. I’ve got to start with 97 ; 1 ; 1; 1. And here’s which you got to understand, THIS IS OK !! And this is the whole game to play. Now, when you start getting into the big money, this number has to change again. So you have to you start here, to make the ideal one.
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