People who struggle financially do not know this...
You might have heard this…
The rich are getting richer, and the wealth gap between the rich and the poor is becoming wider.
And the reason?
People who struggle financially do not know the difference between an ASSET and a LIABILITY.
An ASSET is:
Something that puts money in your pocket. Now, you may have been taught differently, so let me repeat this…
Unless something puts money IN your pocket, it is NOT an asset.
Some of the things you can call assets are investment real estate, a business, dividend-paying stocks, or “digital real estate” (more on this later…)
All these generate positive cash flow, and they put money IN your pockets!
A LIABILITY is:
Just the opposite of an asset - something that takes money OUT of your pocket - cars, vacations, clothes, your Netflix subscription.
Many of you also might have been told that your home is an asset.
Is it really?
Does your house put money in your pocket? Not until you sell it for a profit - whenever that happens…
Now, rental real estate can be an asset.
That is if the monthly rent you collect is more than the expenses. But that definitely involves some work.
The truth is...
The Rich Do Not Work For Money
So how can you build “digital real estate” that generates passive cash flow?
Do you want to build assets that generate passive cash flow every month for years to come?
OR
Do you want to create liabilities for which you may be paying off indefinitely?
Assets or Liabilities - You Decide!!!
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