9 Assets That Are Making People Rich (2024 and Beyond)

Building Your Money Machine

Ever wonder what sets the financially free apart from the rest of us? It’s all about leveraging the right assets.

In today’s episode, I dive deep into the nine assets that are making people rich and allowing them to live lives of choice and freedom. From cash for liquidity and opportunities to the power of index funds and real estate, I cover it all. Plus, I’ll share the story of how a six-year-old highlighted the importance of breaking free from the earnings-efforts treadmill.

If you're ready to start building your money machine and want to understand how to invest in assets that separate your earnings from the effort to earn them, this episode is for you!

IN TODAY’S EPISODE, I DISCUSS:

• The significance of having cash reserves for emergencies and opportunities
• The benefits and risks of bonds and stocks
• Why mutual funds and ETF’s are safer picks for beginners

RECOMMENDED EPISODES FOR YOU

If you liked this episode, you'll love these ones:

• My Money Planning Process to Achieve Your Goals
• How to Get the Right CPA & Why It Matters
• Demystifying Your Credit Score & Does It Matter
• What to Do Today to Pay Less Tax and Keep More Money

RECOMMENDED VIDEOS FOR YOU

If you liked this video, you'll love these ones:

• My Money Planning Process to Achieve Your Goals: https://youtu.be/Ip7kLKXNj2Y
• How to Get the Right CPA & Why It Matters: https://youtu.be/zj26Wwqe0bk
• Demystifying Your Credit Score & Does It Matter: https://youtu.be/emgKYPy6Quw
• What to Do Today to Pay Less Tax and Keep More Money: https://youtu.be/tZHKIgr_TIM

PRE-ORDER MY NEW BOOK:

Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!

The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.

Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.

TAKE THE FINANCIAL FREEDOM QUIZ:

Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com

Luvut

1. Achieve financial freedom by separating effort from earnings. (00:00:00)

2. Consider collecting or renting assets for income. (00:00:00)

3. Build liquidity to avoid debt and seize opportunities. (00:04:06)

4. Stocks increase wealth through dividends and appreciation. (00:08:30)

5. Prefers index funds and ETFs over mutual funds. (00:11:37)

6. Unplanned repairs causing financial and logistical headaches. (00:19:28)

7. Invest in yourself to increase marketplace value. (00:22:31)

8. Achieve financial freedom for choice in life. (00:24:15)