Balance Your Sheet & Stop the S*** (Turn Your Owned Expenses into Business Income)

Proverbs 10:4 says: Lazy hands make poverty, while those diligent brings wealth.

I love reading and listening to Robert Kiyosaki's ideas, a Japanese entrepreneur, coach and author. Here is where I had a glimpse of what's going on in the real world of business and "incomes".

In this article let's focus on Personal Expenses and wannabes businessmen & their future Business Income, if this is where you feel you're being called too, Hi how are you? If not, Hi still, even bystanders I believe can learn. Our personal expenses are not our assets (except in business with accruals -advance-delay/ left depreciated value). Studying the financial statement/balance sheet is a little confusing with all its technicalities, terms and process. I will not talk it that way.

While cleaning up my skin this morning I'm joking to myself "personal owned expenses" can be turned even into small business income ey self. Cars, houses, gadgets, and the like are "owned expenses" because it reduce money from our pockets like repairs, gas, load etc, until we decided to let it gives us positive cash in-but this topic will take wider analyzation. Assets in big companies are defined as this (online or at universities), something that gives you future benefits, monetary value of your properties (hope it's positive value), gives you cash flow/cash in and lastly it's,

ASSETS = LIABILITIES+CAPITAL.

See, how come LIABILITIES (mostly Payables) became ASSETS in the balance sheet? I don't know how, but the system says so & this is my idea...

Note: Your Liabilities once paid is considered as "Business expenses" which are income deductions (could benefit you in terms of tax) because you'll be tax based on your Net Business Income (Business income- Business expenses). If my understanding is right, your "Payables become your future benefits" in terms of reduced tax (Do you still remember that Assets are considered as belongings that give you future benefits? As business builders that give job to others, yes you have benefits of lower taxes. (However in some countries now, even those who are minimum wager employees are benefiting from lower or exempted personal income tax, we are blessed with that here in Philippines. This old system is currently burning and we can see that balance is happening now in governance, wealth (Kirby is right) and law in which ☀️The justifiable conditions are here while the righteous Sons of God are sitting & claiming their positions & authority in business and this land of the LIVING ONES!☀️)

Another note is that most businesses even those who earned Php 250K- annually like mini groceries etc, are exempted from tax already, if I'm right. Better to consult an accountant or advisor as your "personal expenses" turn into big business and grows.

As you practice having small businesses, consider this truth- in which you can gain advantages from it. Who knows, we'll see you with multiplied business one day and see you successfully serving both your clients and employees with this graceful fact on how you can handle your real assets with cash in. We'll be celebrating even in advance, like NOW and congrats for your manifestation! Yes you!

How do I view some small business owners and who are they for me?

Those who converted their "owned expenses" as revenue generating such as:

1 . Cellphone/gadgets owners who decided to do online selling, vloggers, writing- content creations such as this platform, so on

2. Those who rented out their land/offices/buildings, transient houses, Airbnb condos,

4. Those who use their houses as their home offices and sell goods or services (I remember our Accounting Prof who told us that chinese businessmen loves to do this that Filipinos copy haha)

5. Those who spent cash buying cars and rented it out later, tricycle owners, riders, grab riders and so on,

6. Camera owners who primarily bought it for leisure but decided to sell their photos after or offer photography/videography service later and so on,

There are many things to consider on what are our "personal expenses" and how we can turn it into positive cash-generating "assets". I believe when you earn revenues or interest from it, then welcome, cash in makers, you did it!

Done with business talk. Discover your potentials and passions.

I would also like to acknowledge the chilren today, can you imagine how they are not afraid to use cellphones, edit apps/videos or open gadgets wherein, our generations were frightened even to open it before & can't find the power buttons? Hahaha. Not to mention, we studied 4 years probably in Computer Subjects (funny me and you) and they didn't spend a single tuition with it & use it geniusly?

What's the point of sharing this,

Fear and Inaction. Our fear sometimes crippled us to try and create our victorious lives while those childlike characters are curious and love to take actions now. They creatively use their resources & mind. It doesn't matter where they came from, -no learnings, poverty or lack is not a hindrance,- it's our approach and mindset towards wealth creation that push us there.

Live in God's grace, you have unique skill where you're good at, discover it and create the life you Spiritually desire. You are given of empowered and life-giving breathe to claim your inheritance here on earth as above, receive it, take it & create it and take action NOW, adjust later...

Proverbs 16: 3 Commit to the Lord whatever you do, and He will establish your plans.

May you prosper in Christ, your double portion Spirit of life and peace and bless this land of the living. Let Him be the God of your money or wealth too. Until next time.

Disclaimer: I'm not a professional financial advisor and market analyst, I write from experience and some research & little knowledge. Bear with my explanation and mistakes if any. Ammendments may appear as of your reading. Thank you.

Here's cheering on your future Businesses & Positive Cash ins,

SuperJulalaine💗