Posts tagged mindset
Build Wealth by Buying Assets, not Liabilities

What do you spend your money on?

I want you to stop for a second and actually ask yourself this question. Think about the most recent major purchases you've spent money on. Wealthy people spend their money on things that generate more wealth. Simply put, if you spend your money on assets that generate more income for you right now, there is a compounding effect that will provide you with good returns as time goes on.

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Compound Interest - the most powerful force in the universe

What is compound interest?

When you invest your money and receive interest (free money) it is added to your investment, giving you a new total. The next time you receive interest, it is calculated base don your new total including the free money from last time. This happens over and over, and after several years, your initial investment will grow tremendously. 

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