Cooper Business School

The second key aspect to achieve financial freedom and live a little income, focuses on how you spend your money. The meaning of active is something that generates money.

Based on this definition, we can deduce that housing, homeownership is not an asset is a responsibility, since it involves a number of expenses, utilities, maintenance, mortgage or rent, etc … Without generating any income (a rent unless of course).

So when you buy, apart from what we need would be also good that we had in mind this definition of an asset and buy whenever we can, things that we can generate some kind of benefit.

Some examples of assets are:

- Real estate, of which we will remove renting income. Read the rest of this entry »