Money Factory
Everyone should have their money making more money for them.
You should be building a money factory.
When you are young (less than 40-50) most of that money should be in capital appreciation vehicles — things you think will gain value significantly over the coming decades.
As you move into your prime years your economic energy should move into income generating vehicles — earning income from real estate, financial products and the sale of goods and services.
In your later years the focus becomes ensuring your next generation’s well-being — moving capital into collateralized and protected vehicles that offer yield.
The Wealth Systems Approach
The strategy I use is a multi-engine wealth system.
The premise is simple:
earn income from multiple sources
take on risk in order to grow the capital (not just squeeze yield out of it)
risk we mitigate with structures, terms, hedges, etc.. depending on the scenario but can never eliminate
use the different wealth engines to amplify each other
That last poin…
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