Financial Freedom: Turn Your INCOME into ASSETS
If you want to build towards financial freedom you need to spend less than you earn.
If you spend less than you earn and invest the balance, you will be turning your income into assets.
The more you can save and invest, the quicker you will build up your assets.
Assets, if invested, will end up earning more income. Think of it, if you buy a property and rent it out, you will be earning rental income. If you invest money in cash and bonds, you earn interest income. If you invest in shares and equities, you will earn dividend income and you will generate growth over time.
It is therefore important to get advice on how best to construct a diversified portfolio of equities, property, bonds, and cash, that will help you to generate multiple income streams.
If you allow your investments to accumulate and reinvest your income each month, instead of spending it, you will build a wealth portfolio over time.
Eventually, once your assets are bringing in sufficient passive income, that you don’t have to work for, you will be able to live off the income that your investments are generating. So turn your income into assets!
“He who gathers money little by little makes it grow.” (Proverbs 13:11)
The easiest way to build up your wealth portfolio, which can generate multiple streams of income for your future, is to spend less than you earn and ensure that you invest a good part of your surplus income.
“The wise man saves for the future, but the foolish man spends whatever he gets.” (Proverbs 21:20)
Get determined to spend less than you earn and build a habit of investing part of your surplus income each month so that you can turn your income into assets.
