Wealth creation #Wisdom101steemCreated with Sketch.

in #wealth7 years ago

Today I want to discuss precisely and concisely about wealth creation. At the end of this subject, you will be able to know the difference between an asset and a flosset.
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Wealth creation requires plan, discipline and action. Wealth is created by acquiring assets instead of flossets.

So what do assets do?

  1. Assets earn you an income
  2. Assets increase in value. And so you can sell them at a profit.
    A good example of an asset is an apartment you build to rent it out.

Meanwhile, the opposite of an asset is a flosset. A flosset does not earn you an income and depreciates in value. A good example of a flosset is a car.

If you really want to create sustainable wealth, acquire more assets than flossets.

In my next blog post I will discuss the difference between "rich and wealth"FB_IMG_14995074419797363.jpg

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