Jul 8, 2023
Exactly! Assets are what generate wealth, not income. There are people making $300k per year that live paycheck to paycheck. They spend everything and have no assets (things that put money in your pocket). Buffett only makes $100k per year in income but has billions in assets. Go figure. The name of the game is to turn ordinary income into assets that grow in value and generate passive income. That is how wealth is built.