Talks about having the mindset to gain assets(passive monthly income) in order to fund whatever
materialistic objects you want. And to only use your 9-5 money to build assets.
House is a liability
Assets= Stock Dividends, Informational products
Do the work initially, reap the profits in the future.
Straightforward, smart investing techniques. This goes back to a book I read a long time ago called "The Wealthy Barber". It was about a Barber that made not a lot of money, but saved a minimum of 10% (20% is better) or every dollar he made. He then took that money and bought Assets as described in the share above.
Real Estate, Stock, anything that spins off cash flow and goes up in value over time.... Stay away from the things that cost you money each month and go down in value... Like cars.
You use loans when needed to buy assets (think Real Estate mortgages) and buy expenses (cars and things like that) for CASH... Never get a loan for them.
Do this over your career and you will do very well. I learned this lesson 30 years ago and am "comfortable" now. You get to the point that your assets are producing more than your salary (if you work for someone else) and that is a nice place to be.
