Owning Assets Beats Having a Job

It’s hard to argue with the assertion that owning assets tops having a job, assuming the income provided by one or the other is in the same range and covers your wants and needs.

That may sound far-fetched, but if you focus on acquiring income-producing assets rather than depreciating assets (which are essentially liabilities), it can and will happen eventually.

After reading the book Rich Dad Poor Dad, most people come under the conclusion that owning assets is better than having liabilities.

What are Assets?

Assets are items that contain an economic value to an individual or company. Assets are things that generate income.

Passive Income creating wealth

If you own stocks, and the stocks produce a dividend, which is a share of the profit from the company, then the stocks are producing income passively for you.

Owning Assets can make you wealthy

Rich people would rather own income-producing assets than have liabilities like car payments and a large mortgage they cannot afford.

Financial Independence by Owning Assets

The simple way to find out if you have enough money or assets producing enough is to find out your financial independence number.

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