Basically, instead of just making a bit of money and spend it. You should try to invest in things that are able to make you money, with your money. Teach a man to fish, he eats for a day, teach a man to create a sustainable fishing industry and we all eat indefinitely. @ecoknowme
Great quote! Essentially make your money work for you. Make it work for you in your sleep and either know your business or find and hire someone that does. For example if you're going to invest in real estate, it might be a better choice to find an agent who owns investment properties because its their business, they know what to look out for good and bad, they know the processes and hoops one will need to get through in order invest their money efficiently and legally.
This is the crux of it all. Online there are three ways to create assets: words, audio, or video. You can create ebooks, courses from words and video and audio, podcasts, etc. These are all assets. If you already have money you can simply BUY assets but if starting from zero you'll have to create assets. Online has the BEST return for your assets. Or sell shirts (graphic design assets!).
Yes for intangible assets like crypto :)
I know right?! :P
I didn't get that, what does he mean by that?
Basically, instead of just making a bit of money and spend it. You should try to invest in things that are able to make you money, with your money. Teach a man to fish, he eats for a day, teach a man to create a sustainable fishing industry and we all eat indefinitely.
@ecoknowme
Great quote! Essentially make your money work for you. Make it work for you in your sleep and either know your business or find and hire someone that does. For example if you're going to invest in real estate, it might be a better choice to find an agent who owns investment properties because its their business, they know what to look out for good and bad, they know the processes and hoops one will need to get through in order invest their money efficiently and legally.
This is the crux of it all. Online there are three ways to create assets: words, audio, or video. You can create ebooks, courses from words and video and audio, podcasts, etc. These are all assets. If you already have money you can simply BUY assets but if starting from zero you'll have to create assets. Online has the BEST return for your assets. Or sell shirts (graphic design assets!).