Recently I read a book on finances and entrepreneurship, The Millionaire Fastlane by DJ DeMarco, and the author gave an excellent piece of advice. He said, “Be an owner, not a consumer.”
The author mentioned this phrase within the context of achieving financial freedom, and went on to write that the only way to do this is through a shift of the mindset.
Every time you use an app on your phone, go to a restaurant, or watch / observe any sort of advertising, you’re a consumer. Someone out there is always benefiting from your behavior.
Here’s what real estate looks like to the average consumer. They want to live in the nicest, trendiest locations and will pay a large amount of rent to live there.
If you see debt as a tool to gain more assets, which ultimately creates passive income, then you have successfully become an owner. To the owner, using debt and leverage wisely can lead to wealth & financial freedom.