How to make the most out of your money. If you take a close look at the relationship many people have with money, it flows in and out of their accounts and nowhere in-between.
They make money and then buy things – end of story. And often those ‘things’ aren’t essentials but rather something that gives instant gratification or pleasure – a new jetski, fashion items or even expensive dining.
But recently I saw a post online that describes exactly what my whole property investment ethos is all about:
You make money to buy assets to buy things.
This is the secret to building wealth – the asset pays for:
- your children’s education
- upgrading the car
- buying new furniture
- supporting elderly parents
- relocating for work
- overseas holidays
It maintains your current lifestyle, both now and into the future. Meanwhile, you’re also building wealth through the assets themselves in terms of rental incomes, tax advantages and capital growth.
What have you used to create wealth through assets?
- Property Investing
- Accumulating Cash
Or is it something else? Whatever it is, how has it worked for you so far? I’m always keen to discover how others build their wealth and of course maintain it.
If so, I’d love to hear your thoughts.
As always, if you have a question, leave a comment below.
Until next time,
From the desk of Christine.