I have heard that statement time and time again and even said it myself. The sooner you realize that you don't need more money, you need more assets, the better.
Assets essentially bring in more money without you having to put any extra work in.
You should acquire assets or investments to generate multiple streams of income. As you add to your investments and they start to grow more rapidly you will produce more money that you didn't have to physically work for. That money will generate more money if reinvested in your initial investment.
More money will not solve your problems because more expenses usually come with more money.
A persons spending tends to increase when they make more money.
So try to think of growth and sustainability when it comes to your finances.
Wikipedia Asset Definition
Assets essentially bring in more money without you having to put any extra work in.
You should acquire assets or investments to generate multiple streams of income. As you add to your investments and they start to grow more rapidly you will produce more money that you didn't have to physically work for. That money will generate more money if reinvested in your initial investment.
More money will not solve your problems because more expenses usually come with more money.
A persons spending tends to increase when they make more money.
So try to think of growth and sustainability when it comes to your finances.
Wikipedia Asset Definition
No comments:
Post a Comment