Summary of Frazer Rice's Wealth, Actually

Please note: This is a companion version & not the original book. Book Preview:

#1 If your parents aren't prepared to teach you about money, ask them to find someone who is. If they're unwilling or unable to help you, start learning on your own. Money is a skill you will use for the rest of your life. It’ll save you a lot of heartache to not only understand it but to be able to apply it in real life situations. Money is something you can control, and its power can be used for good or evil. You can use it for selfishness or for generosity. It’s a wonderful thing, and how you choose to use it defines who you are. -> Money is a skill that will serve you well throughout your life. It is something you can control, and its use can be used for good or evil. It's a wonderful thing, and how you choose to use it defines who you are.

#2 Money is a skill you’ll use for the rest of your life. Its use can be used for good or evil. It’s a wonderful thing, and how you choose to use it defines who you are.

#3 The How Much Do You Cost component helps you determine how much income a client needs to support their desired lifestyle. The distinction between liquid and illiquid wealth helps you determine the type of wealth each person has.

#4 Liquidity is defined as how easy it is to convert an asset into cash. The How Much Do You Cost component helps you determine how much income a client needs to support their desired lifestyle.

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Rafbók: 15 september 2022