Make Your Assets Grow Themselves
The goal should be to make your assets grow into more assets. In an ideal world, your balance sheet has $1 billion in cash that can be diversified and grow into other investments... but that is not realistic for almost every single person that ever existed.
So the goal remains: how do your assets grow into more? How can you increase your net worth with assets other than cash? How do you obtain them?
Most people work for a paycheck rather than working to improve net worth. This is a concept that when achieved turns people into millionaires. This is the basis for those to make life changing money. How come those individuals who are doctors, lawyers, long time teachers / professors, or investment bankers seem to all make good money (2x-3x the national average) but are "capped"? Their careers are elite, but their upside is limited because they settle for their salary. They settle for the title and career. They are not working for their net worth but rather the salary. Is this a bad thing? No, not at all. It just limits their upside.
Acquire assets, grow them each day by using other assets passively, and any other income is a "bonus." It takes time, risk, and sacrifice, but makes a world of difference in the long run.
Comments
Post a Comment