Not Financially Free? Then Take the Asset Test!

Not Financially Free? Then Take the Asset Test!

So, are you not financially free?  Then take the asset test!!!

Why?

Because you are not financially free unless you have assets that pay for your living.

What do I mean?

What is an Asset?

Well, first lets define what an asset is.

An asset is something that you own that puts money in your pocket.

Now this is different than the definition of what a bank would call an asset.

A bank would say that anything worth money is an asset.

I learned this definition of an asset, that it puts money in your pocket, from Robert Kiyosaki, author of Rich Dad Poor Dad.

Take the Asset Test

Write down everything that you own that puts money in your pocket.

Examples would be savings accounts, stock accounts that pay dividends, profitable businesses, profitable rental properties, royalties, etc.

So how many assets did you write down?

How much money do they put into your pocket?

If the answer is 0, then you understand now why you aren’t financially free.

In order to become financially free, you need to have assets that make you enough money to pay for all of your expenses.

Get it?

Most people don’t have assets, they have the opposite – liabilities.

Liabilities take money out of your pocket.

If you own your own home, it takes money out of your pocket with mortgage payments, repairs, utilities and so on.

If you own your own car, it takes money out of your pocket with gas, registration, safety checks, insurance, etc.

See what I mean?

Want to be Financially Free, increase your assets!!!

Don’t know how?

Take the 7 Day Finance Freedom Challenge to start by clicking here, reading the information and getting started.

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