Bread or Diamond?

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The principle of Bread or Diamond states that each of us has a limited income and how we choose to spend that income is up to us. Each peso that comes in your hands has the power to make us rich or poor. We may spend our precious money on bread or diamond or a combination of both. By bread I mean spending on consumables and things. Items life stereos, televisions, cars, personal effects and other items that depreciate and lose value over time. By diamond I mean investments in valuables things that appreciate in value over time such as shares in stock, viable business that earns you recidual income (e.g. Traditional Company or Corporation, Franchising, and Marketing), real estate, bonds, precious gems, gold, and land. The more you spend on bread, the less there is available for diamonds. You can choose to invest wisely today then your diamonds will generate enough income to buy you all the bread you will ever want tomorrow. On the other hand, if you spend all of your money on bread today you won't have much to save and invest for your diamonds tomorrow. This is the foundation of Financial Literacy - " A part of all you earn is yours "To keep and to invest"to produce more of its kind." www.freewebs.com/aun-ajlien/