Lesson 2: Build a surplus

Investment Misconception
It takes a lot of time, specialised knowledge and money to be a successful investor

Investment Realities
It depends on your perspective. How much time do you spend in front of the TV each day? Suppose you spend two hours a day - that would be 14 hours a week. Surely, you can break away from the TV for one or two hours a week to read and pick up useful information that will help insure your future? Surely, you can spend another hour constructing and monitoring a financial plan?

How do you start? What is your first step to being an investor?
The first step is to construct a financial profile, which has two parts - a balance sheet and an income statement. A balance sheet measures your overall financial situation - your assets minus your liabilities while your income statement gives a picture of your average monthly expenses. Taken together, they are powerful tools to help you gain control over your financial future.

Let's visit Aziz and Lisa and compare their balance sheet and monthly income statement with yours.

 
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