Cashflow diary how to#
View the latest share price and how to deal Our ViewĬopper and Iron Ore together accounted for 82.5% of BHP's revenue in 2021. The merger is expected to unlock more than $400m in synergies from cost savings and operating efficiencies.īHP CEO Mike Henry said, ''Merging our petroleum business with Woodside creates a large, more resilient company, better able to navigate the energy transition and grow value while doing so.'' The deal is still subject to certain regulatory and shareholder approvals. Market closed | Prices delayed by at least 15 minutes | Switch to live pricesīHP has signed an agreement on the merger of its petroleum business with Woodside, expected to complete in the second quarter of 2022. Come back tomorrow for more!Īs always, subscribe and share to everyone you know.Sell: 2,030.50 | Buy: 2,031.50 | -57.50 (-2.74%) View factsheet I will stop here for now as I need to get back to my day job. Whereas if you own the assets to pay for the expenses then you would be in a great spot. If you really think about it though – yes a house may acquire more equity but does it really give you a great margin after you take into account all the expenses? That’s where a house does not become an asset – expenses. I used to believe that a house meant more money, not less. “Your house is not an asset.” – I had a difficult time understanding this one as it seems that a house definitely is an asset. It seems to me that saving is not the way to be financially independent. This is quite shocking and scary to think that most people just put their money away and leave it there until they retire if they ever retire at that. After doing some research I have come to find that most “savings” accounts don’t off more than 1.5% interest per month. While this perspective is sound, it also limits your possibilities for financial freedom greatly.
In this case saving to me ment putting in a savings account. “Savers are losers.” – This seems to be the opposite of what I was taught that you work, get paid, pay bills, and try to save as much as possible. So the main Idea here is to not work for your money but let your money work for you.
As there cashflow starts to stream in they reinvest them back into more assets (will talk more about that topic at a later date). The rich though, buy investments and then manage them. You work 40 hours a week and you get a paycheck bi-weekly.
You see, when you go to your day job you are working for your money. However, if you really start to use your noggin, you begin to realize that instead of the rich don’t work for money they actually let money work for them. “The rich don’t work for money.” – When I read this I am thinking, “But how is that even possible?”. That first step is to read and read “ Rich Dad Poor Dad” by Robert T. I have decided to take my first step into financial freedom. So let’s talk about lessons or more specifically financial lessons. However, I would like to note that I don’t mean using historical data to predict exact future data. I would say that past experience, whether that be from yourself or from someone else, is very important to becoming financially independent. The concept of using past experience or knowledge is the key to many situations in this life.