Don't Know Their Business

    Most people don't know the difference between their profession and their business. If you ask a banker what their business is you will probably get the answer " I am a banker". Then when you ask them if they own the bank they will tell you no they just work there. That person just got confused between their business and their profession. Their profession is the job in which they do. 

    Their business is what revolves around their asset column. It is what build up their assets, it is not something like a raise or a promotion. those are things that build up you income column. The middle class and lower classes spend their life building up their income column and completely forget their asset column.

    When a person focuses on their income column they are just making them financially secure. But even that only happens if the person uses the money to purchase income generating assets. That is were the middle to lower income people make their mistakes they get the additional money and then go and buy a boat or a TV and other things that according to the rich are just called doodads.