APPRECIATING ASSETS

You can’t become rich with the sweat of your own labor. 

There aren’t enough hours in the day for you to work. 

We each only have 24 hours a day. We all get the same amount of time per day. 

Why is it that some people can earn so much more than others?

I used to think how cool it would be if I didn’t need to sleep. I could work two full-time jobs and make double the salary. 

If I didn’t need sleep, I’m not sure that working 16-20 hours a day is how I would want to spend my time, but when I was young and broke, I thought it would have helped me out a lot. 

The thing is, we all need sleep. We all need time for relaxation. We all need time to be social. There are only so many hours we have to work and to earn money by our own labor.

Because of this, we need to figure out other ways to make money that don’t depend on our own labor – what is generally referred to as passive income. 

Passive income is the money you make in your sleep. 

Think about having rental income or making interest off your money at the bank. Other than a few calls, you usually don’t need to work on these investments in order to generate income. 

This is the key to accumulating real wealth. 

In essence, your money is working for you when you invest it into appreciating assets.