Owning Assets Beats Having a Job Story

It’s hard to argue with the Frugal Expat’s assertion that owning assets tops having a job, assuming the income provided by one or the other is in the same range and covers your wants and needs.

That may sound far-fetched, but if you focus on acquiring income-producing assets rather than depreciating assets (which are essentially liabilities), it can and will happen eventually.

Personally, I like to focus on total return, but since leaving my job, I’ve paid more attention to the truly passive income I have coming in, and I’m happy to say that it’s enough to cover our typical annual spending.

Owning Assets Beats Having a Job 

Arrow

Quite simply, assets are items that contain an economic value to an individual or company. So what are assets and how can we acquire more of them? Assets are things that generate income. 

What are Assets?

I am all about creating passive income. Passive income is the money or income coming into your pocket through the means of not doing any work at all. It is all done passively.

Passive Income creating wealth:

Owning assets is a major thing that rich people often do. If they have assets producing passive income they will not have to produce active income as much, and then they will be able to concentrate their mind and skills on other avenues of life.

Owning Assets can make you wealthy

SWIPE UP NOW TO READ MORE