Real wealth is generated by owning assets. An asset is something of value that can be applied to pay a person’s debts. A car is not an asset since it depreciates as time passes by.
Assets can be created by inventing a product, starting a company, buying property or writing a song.
If you work for a salary this doesn’t mean you can’t become wealthy. It just means you need to divert some of your income into buying assets such as stocks, apartment buildings, municipal bonds, etc.
Regardless of how much you make, you must get into the habit of converting your income into assets.
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