money-bag

I really used to enjoy spending money, and in some cases I still do. I still spend a lot, the only difference is that now I buy more assets (things that make me money) instead of things that lose their value, wear out, and probably won’t even be worth 10% of what I initially paid for them. I’ve got the investor/owner bug heavy because once I realized that there are things that I can purchase that give me money back, I was hooked to this new way of thinking. I’ve also created a challenge for myself. Since I like very nice (and expensive things), I’ve made it a point to try to buy a piece of the companies that make them BEFORE I buy the luxury item. To take it further, you should look at items that you buy regularly, for example, coffee from Starbucks, or Shell Gas, and buy shares of stock in that company. It’s like putting money back in your pocket every time you buy something from these businesses.

We should all have something to show for our hard work. Many times, material liabilities (clothes, cars, toys, etc) will come and go. But assets that you purchase (stocks, real estate, precious metals, art) can be passed on from generation to generation, and ensure that you don’t have to work for someone else for the rest of your life.

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