Life for people has been presented in a very linear way that money comes from hard work through this process; Go to school to get good grades, go to college, get a great job… relationship, married, own a house have some children. Should you avoid any of these things? Nah, if you want to do them, do them. Live your life. But live your life. Not through what is “expected” of you from society, but what you expect from yourself.
Remember there are two things in this world that equal finance; Wealth vs Money. Money is hour for money. Your time earning money. You work for 9 hours – 1 hour for lunch and that’s 8 hours a day, 40 hours a week. Yes, but what about the rest of that time? Working hour for money will always be a path of earning to replenish so you can pay your bills. In any career path you choose, that money earned is a means to an end if you invest into any one or all of the 8 assets in life. Thus, Wealth.
Wealth is Money working 24 hours a day, seven days a week. During this time your money is lifting, and dragging around all day and night to earn wealth. When money works it is never replenishing itself it is adding to itself. When you work hour for money you are spending money to earn money. From the car you own, to the gas, food for lunch and clothes for that job. The math just doesn’t work out correctly.
Here is a list of the 8 assets that work for you. We’ll go over these during the week…
3) Mutual Funds
4) Intellectual Properties
5) Income-producing real estate
6) Businesses that do not require my presence. I own them, but they are managed or run by other people.