@paulsmithwealth1: Buy assets. Lease liabilities. That is one of the simplest wealth rules I know. I'm at a beautiful luxury resort where you can either stay as a guest... Or buy one of the hotel rooms for around $2 million I would not buy it. Why? Because that $2 million could be working somewhere else. Gold. Stocks and shares. Real estate. Other income-producing assets. If your assets are producing income, you can use that income to stay wherever you want. This resort. Another resort. Another country. Another experience entirely. You are not tied to one room, in one place, hoping the numbers work. That is the difference. Own the things that pay you. Rent the things that cost you. Lovely stuff. #wealthbuilding #assets #propertyinvesting #financialeducation #moneytips I love sharing ideas on how to grow your money ! Just a quick reminder- this is for education only. I don't provide financial advice.
