Feeling overwhelmed, frustrated and exhausted after working like a horse just to have more month at the end of your money? Why do the rich seem to ease through it all? Well let’s get down to business right from the get go:
The Rich Know The Difference Between:
Assets & Liabilities.
Period. Point. End of Story.
The Rich Focus Only On Acquiring Assets.
That is why the rich get richer, the poor stay poor and the middle class just keeps working harder. The harsh truth is that the poor is forced by circumstances to spend all the little money they have as soon as it comes in. The middle class works really hard to acquire liabilities (house, car, yacht, vacation), providing them with a false sense of accomplishment and security. It looks like the middle class is making smart decisions by acquiring objects of value but those objects are nothing but liabilities. A house that you live in and pay for (mortgage) is a liability. A house that you rent out now becomes a business or an investment making you money as an ASSET. The rich only buy or invest in assets that make them money and keep making them money. Today, tomorrow always and forever. THIS IS THE BIG SECRET. Do you want to turn your house into an asset? Read How!
What Are Assets?
Assets put money in your pocket and Liabilities take money out of your pocket. For most people, even when their home is fully paid for, cash still flows out of their wallets through real estate taxes, repairs and insurance. The same is true with cars and anything else that takes cash out of your wallets.
The biggest mistake of the poor is to think that an income (a salary) is an asset. The biggest mistake of the middle class is to actually think that the stuff they buy, because of presumed ownership, are assets. The middle class think that their house is an asset and will clinge to it, when in reality it is a liability. Again, repeat after me: “Everything that costs me money is a liability!” Never, ever forget that again. It’s vital to changing your life!
The four types of Assets.
Let’s dig a little deeper. In essence, you have four types of assets that put money in your pocket. Of all these assets, only Real Estate ticks all the boxes for the wealth formula for true financial freedom:
Capital Gain or Cashflow: Either through passive or active investing Real Estate will make you money when done right. You’ve come to the right place to learn & grow fast and build your own network of women just like you.
No Taxes: By many law incentives, an investor can differ or deduct taxes keeping most of their hard earned money. You pay tax and the rich do not. That’s why they have all the money in the world. Don’t you want that for yourself? Your family? Financial freedom is calling.
Forced Appreciation: Through forced appreciation, investors can increase equity in their property or refinance at better conditions, instantly growing their investment capabilities. Kind of picking money out of thin air.
Andrew Carnegie implied that 90% of all millionaires become so through owning real estate. This happens because of the wealth formula, where you get to make, keep and grow your money all with the help of real estate. As the richest steel tycoon of the 19th century, I really think he knew what he was talking about. Don’t you?
Now that you know the truth and the big secret why the rich keep getting richer, you too can start making the same system work for you!
Welcome to RealEstatz, start your journey to financial freedom today. Join us! #Free4Real
Pssst... Never stop learning, we got a more in depth look into all the 4 asset classes next:
