Real Assets Roadmap: Paving the Way to Financial Independence 🏞️🌟
Now that we’ve cracked the code on assets vs. liabilities, let’s dive deeper into the world of real assets. But what exactly qualifies as a real asset? Hint: It’s not your car or even your own home. 🤔🚗
Breaking it Down:
🚗 Car: Sure, it’s valuable, but it depreciates over time and doesn’t bring in any income. That makes it a liability, not an asset.
🏠 Home: Your pride and joy, right? While it may appreciate in value, it doesn’t generate any income for you. Plus, you still have expenses to maintain it. So, it’s also considered a liability.
🏡 Investment Property: Ah, now we’re talking. Like your home, it increases in value over time. But here’s the kicker: It produces income in the form of rent and tax returns. That’s passive income flowing straight into your bank account, making it a true asset. 💸🏡
But wait, there’s more! What other assets fit the bill? Share your thoughts below!
Now, picture this: You want to retire early and live comfortably. How do you make it happen? Simple by building a portfolio of real assets that generate passive income. Once your real assets start replacing your work income, you’ll be well on your way to financial freedom.
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