Acquiring Assets And Paying Down Debt
There was a season in my life I remember that it was all about staying out of debt, or as quickly as possible, getting out of debt. And, looking at what made for a good asset to acquire.
I am not a financial expert, by no means (I can present my personal financial history, if you would like).
However, I know the less debt one has the freer one’s life is. You are obligated to no one.
A bit hard in 2020, even more so than years past. How do you get a car? How do you get a house? How do you pay for your child’s education? People even put vacations, and other luxury items on credit cards.
For so many years, society worked on impluse. Even now, lawmakers are trying to get America back in to that groove of immediacy. As soon as money comes in, let it flow out. (see my blog post, “It’s Your Money“).
Now I don’t think there are enough solid wealth growing products available today. CDs and Mutual Funds are not only the lowest risk, but the only choices, outside of savings products, it seems.
But they still remain a steadfast way to use your money to make money over the long-term,
If you focus on wealth-building and asset acquisition you are going to be much more satisfied with your financial picture five years from now.
Stimulus payments, unemployment. Use it wisely. Build money safely from money. You will be happy you did.
What if the money you had coming in you could say I still have nine months from now?
What if you could say I have more money now than nine months ago?
Give it some thought. You’re wise. Don’t be influenced. Remember —- It’s Your Money.