Do you want to give a little but great financial planning advice to your kids?
Do you want to teach them a simple way to escape the Rat Race, be free, happy, and successful in their life?
Be simple. Be effective. Let’s repeat to them:
“Don’t be a consumer. Be an owner.”
If you want to reach financial freedom, you must own various assets that produce income.
Examples of these include:
- Real Estate and Rental Properties;
- Digital Assets and Digital Products.
You can either buy (stocks, bonds, Rental Properties, REITs) or build these assets ( websites, digital products), but your primary objective must be to own things that make money when you are sleeping.
When you’ll own a good amount of these things, you don’t have to work anymore. If you have a decent monthly cash flow, you are financially free.
Your assets will work for you, generating a cash flow that will consistently bring money in your pocket.
My simple advice for financial planning: Generating a Cash Flow is your first step to Financial Freedom.
If you are lucky, you learned this lesson early in life and now you are financially free.
If you are not too young, don’t worry: It is never too late.
Actually I own the following collection of assets:
- Stocks ( ETF index fund)
- Digital Assets ( Royalties)
Every month my phisical and digital assets generate a consistent cash flow.
This cash flow is constantly increasing, and soon I’ll reach my financial independence.
I’ve been working on it since 2018, the year my daughter was born.
So, here is my simple but effective financial advice for you.
The best advice for financial planning: Don’t be a consumer. Be an owner.
Change your life. Be an owner. Own your assets. Be happy.