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Wednesday, November 21, 2012

How To Be Rich

Capital is assets that produce income. My favorite income property is apartments.
Stocks can be income property. Bonds can be income property.
Cash is not income property. Cash is a dead asset. Cash produces no income.



Accumulate capital
do not spend your capital
do not waste your capital

don't sell your land
land is the best asset

capital should grow over time and also give you a spendable income

so always save a little more than you spend
keep growing the capital

let it grow

it will grow

it will feed you
it will clothe you
it will shelter you
it will heal you

it will give you a kind of freedom
but do not be afraid to spend or give

all in proportion



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