In This Article I Will Tell You About 5 Assets Which Will Make You Rich. At A Point We All Want Money, Money Is A Requirement In World In Life, I Also Agree. Never Become Slave Of Money, But Always Realise The Importance Of Money. Many People Ask How To Make Money, How To Become Rich. So In This Article I Have Written About Those 5 Assets Which Can Make You Rich If You Have Them.
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But Before Starting Let’s Understand What Is An Asset?
Asset Is Anything That Makes Money For You, Anything That Increases Your Money, Anything That Makes Money For You Even When You Are Sleeping & Without Consuming Your Time.
In Real Manner You Are Rich When You Own Assets Which Make Money For You, Increase Your Money, Without Renting Your Time.
Let’s Start
1. Own Business – Owning A Business Is The Biggest Asset In Today’s Era. Business Earns Money For You When You Are Sleeping. If You Stop Working Also Your Team, Factory, Products, Marketing Will Make Money For You. If You Look At The Richest Person List Majority Of Them Have Become Rich Only Because Of Their Business. May It Be Elon Musk, Jeff Bezos, Larry Page Or Consider Indian Billionaires Gautam Adani, Mukesh Ambani, Shiv Nadar Etc. All Of Them Have Their Own Businesses With Billions Of Turnover. It Doesn’t Starting Business Means Becoming Rich. Negative Side, Business Is A Risky Proposition, If It Becomes Successful Then It’s The Best, But If Doesn’t Become Successful Then You Will Loose Many Things. So Business Is A Good Asset No Doubt But Making It Successful Is Your Job.
2. Stock Market – Everyone Of Us Can’t Own A Business, But It’s A Fact That Owing A Business Is A Asset. Because Business Works 24 × 7 Even When You Are Not Putting Your Time. If You Can’t Start Your Business Atleast You Can Own A Business. Best Way To Own A Business ‘Stocks’ , When You Are Buying Stock Of A Company Basically You Are Becoming A Part Or Owner Of That Company. Basically You Are Saying That I Have Faith In This Business Or Company And By Time Company Will Grow It’s Share Price Will Increase It Will Result In My Wealth Creation. To Achieve That You Will Have To Become A Long Time Investor, By Doing Day Trading, Short Term Trading & Tips Trading, That Is Not Wealth Creation That Is Gambling. Wealth Is Created When You Take Long Term Bets. One Of The Richest Person Warren Buffet If You Read His Success Story You Will Get To Know That He Created His Entire Wealth From Investing. Many Rich People In World Have Created Their Wealth From Investing In Stock Market For Long Term Period Like 2, 5, 10 & 15 Years. Always Bet On Strong Players, Market Leaders In That Category Because We All Know In Future Market, Economy, Country Will Grow & Likewise These Players Will Also Increase And Make Make For You While You Sleep.
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3. Commodities – You Can’t Start Business, Own Business But Always Own Commodities, Like Gold Silver When You Own These Assets They Will Make You Wealthy, But Don’t Make This Silly Mistake By Buying Gold Or Silver From Shop, You Have To Invest On The Price Of Gold & Silver You Don’t Have To Buy Them. You Can Invest In That Digitally In Gold Bonds & ETFs.
4. Real Estate - Real Estate Is Very Much Tricky. If You Want To Buy House For Your Family To Live, In Your Early 20s Don't Put Yourself Under Loan Burden Of That House Because In Future You Don't Know Will Your Live In That City or Not, Will This House Fulfill Your Future Needs. So There Are Lot More Things That You Are Taking Granted For A Long Period Of Time. But If You Look Real Estate From Investment Perspective Then It Could Make Sense, Buy A Small House Of 10 - 15 Lakhs Which You Can Afford And For Which You Don't Have To Take A Lot Of Loan For, Ideally You Should Not Take Loan That Gives You Freedom To Not To Pay Interest. You Will Get A Rental Income Of Around 5K - 10K Monthly From That House Which Help You To Reduce Emi Or Generate Additional Income. In Future Value Of That House Will Appreciate For Over A Long Term. So You Have A Asset That Makes Money For You Even When You Sleep.
5. Intellectual Property - Create Something That You Will Create Once In Your LifeTime But It Will Generate Money For Long Period Of Time. Simple Example Is - Content, If I Am Writing This Article Today It Will Generate Money For Me Till Long Term Let's Say 8 - 10 Years Form Now. This Is Intellectual Property. Other Examples Are Singers Earn Money Forever There Life From Their Songs Royalty & Revenue, Book Author Write Book Once But Those Books Are Sold For Long Time And They Earn Money, Online Courses Created Once Bought By Students Forever. This Is An Asset.
Conclusion :- So If You Are Also In Your 20s Try To Create Asset Which Will Help You To Increase Your Wealth Forever Your Life. I Hope These Will Help You To Increase Your Wealth. Comment & Tell Out Of 5 Assets Which One Was Your Favorite.