31/08/2023
ACQUIRING REAL ASSETS
So you made some money. Are you looking for ways to solidify your financial position so that you do not return to the streets? Poverty is not anyone's friend.
They have advised you to acquire assets and buy houses, cars and start businesses. While that may seem like a great idea, it is not a good one.
Physical assets can be liquidated in a twinkle of an eye by just one foolish act or unfortunate business decision.
Real Assets are the ones that can never be taken away from you until death. That's what you should acquire first.
The best asset and most important asset that goes with you to the grave is your skills and abilities.
Your Money making and management ability. Who you are and what you can do. Your ability to make money and replicate it again and again.
Rich people become broke everyday, due to life eventualities or foolish business decisions. The ones that rise again are the ones that have real assets.
They have built the ability to grow wealth from scratch so that they are able to start over and do it again.
Again, Every wealthy person has lost money, enough money to take them out. You are going to be hit financially too.
What ensures you are not taken out by that financial hit is the real assets you have built.
Work on your skillset to become better at making money. Work on your Money management skills. Read books, go for financial education.
Money will run from those who cannot manage it well, no matter the large amount it will finish.
Money gravitates towards those who have the ability to tame it. Work on yourself and become good with money.
The only money skill most people have is the fast speed of spending it . Budgeting, Savings, Investing, delayed gratification, tracking your expenses, gradually Increasing your income;
These are money skills to be learnt together with honing your actual money making skill, or professional ability.
Acquire Real Assets While Acquiring Physical Ones.
© Dr Adiemea Obed
Business Strategist, Author, Thought Leader.