To become financially independent you must turn part of your income into capital; turn
capital into enterprise; turn enterprise into profit; turn profit into investment; and turn
investment into financial independence.
If you are not financially independent by the time you are forty or fifty, it doesn’t mean
that you are living in the wrong country or at the wrong time. It simply means that you
have the wrong plan.
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Real estate is only as valuable if there are jobs.
Buy assets for years and then sell rental time by the month.
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Taking a business public is not realistic for most people's current situations, yet it is one of the best ways to take an idea and create a personal fortune.
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The reason I mention gold and silver is because I would rather hold gold and silver than cash.
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Since I am able to print my own money, I do not need to worry about saving money for a rainy day. With governments printing so much money, I feel safer saving gold and silver.
To me, this makes more sense than leaving your money in mutual funds for the long term and having your money stolen legally by short-term stock and option traders.
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By focusing on increasing our assets, we pay less in taxes, use debt to acquire them, and watch inflation increase our cash flow, which means that rather than sending our retirement savings to Wall Street,we put our money into our pockets via cash flow from businesses and personal assets.
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Every month we receive a check for our assets; cash flow. Income produced from assets like real estate and businesses is taxed at lower tax rates than income from personal labor (wages) - if it is taxed at all.
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How can a teacher understand the world of money by looking through the eyes of a person educated for work in the E and S quadrants ?
