If you want more money you need to start buying things that make you money. What do you mean? I mean things that go up in value like stocks, real estate, land, websites, e-commerce, businesses, etc. Learn how to buy an asset and become wealthy with it. That’s what I mean. But, no one has taught me this. I know because you are supposed to stay in debt and never become wealthy unless you learn how.
Break the Cycle if You Want More Money
When you break the mold of giving all of your money away to the bills that you have surrounded yourself with, will be when you begin to make more money. Imagine going to the movies to pay $10 for a movie then $15 for popcorn and drink. That’s a $25 deal for one movie experience. What if you instead bought a Netflix subscription for $12. You are still coming out cheaper and you can put that $13 savings into a dividend stock that pays you monthly. Check out the dividend stocks on DogsoftheDow.com
Asset
You know an asset puts money in your pocket. For example, that dividend whole life insurance policy that pays you back every year or the royalty checks that you receive from the work you did in the past. Anything that you have that sends money back to you, is an asset.
Liability
The liability is the thing that constantly takes money from you. That will be your food, your utilities, your credit card, your car payment, or your mortgage and the list continues on. When these are costing you more than what your assets are paying you. At that moment, you have to make some changes to improve your spending and get your money to paying you versus you paying it.
Wealth Squad
If you want more money you have to understand how money works. Most financial trackers fail to include the Assets versus the Liabilities and show you where you need to improve. Most just track as they are budgets for you to follow. Thing is when your assets pay more than your liabilities you are in a better place. Get the asset versus liability tracker to get a true picture of what your financial life looks like and discover what you need to improve upon.
Once you get the tracker, you really need to belong to a group that will hold you accountable and help you to grow your assets. So, you need to join us in the Wealth Squad to continue to grow your wealth.
