Gambling is:
- Small money OUT with the Hope of BIG money coming in.
- There is high risk for expected high returns.
- NO Regular Income. I.E. money doesn’t come in on a regular basis to cover the out going expenses.
- Gambling is based on hope and trust that the promise of good things to come will happen.
- Like buying a lotto ticket each week. It gives us a dream that for most people never becomes a reality. But we hold onto the dream
Investing is:
- Small money OUT with the Hope of BIG money coming in.
- How ever with regular income (Cash flow in)All expenses are covered, leaving a positive cash flow.
- Risk therefore is nil.
The Key to investing is Regular Income?