Monday, June 12, 2017

Random thought of the day

It occurred to me today, that being (financially) rich means having assets that generate income to sustain your livelihood. Being poor is having to perform other activities in lieu of having those assets. So, one’s financial goal in life shouldn’t be simply making more money every year, but rather acquiring income generating assets over time to become self-sustaining. In other words, don’t buy things unless they are going to generate income!