Today I want to discuss precisely and concisely about wealth creation. At the end of this subject, you will be able to know the difference between an asset and a flosset.
Wealth creation requires plan, discipline and action. Wealth is created by acquiring assets instead of flossets.
So what do assets do?
Meanwhile, the opposite of an asset is a flosset. A flosset does not earn you an income and depreciates in value. A good example of a flosset is a car.
If you really want to create sustainable wealth, acquire more assets than flossets.
In my next blog post I will discuss the difference between "rich and wealth"
