I was in the office and searching some quotable quotes about financial management when there was this quote that struck me. It says "What is a big net worth if you don't have passive income?"
It struck me since I was this person. My net worth though is not that big but I know that I still don't have passive income. Yes my mutual funds have earned but those earnings are just in paper. Unless I liquidate it it's nothing but a number. That's why I got more convinced that what I'm doing now is right at least based on one of the goals I want to achieve in life. I'm putting most of my hard earned money on real estate with the goal of turning these properties into cash cows. Rental income from my properties will give me passive income in the future which will set me free financially. That is what I'm looking forward.
I withdrew some of my money in mutual funds and invested it in real estate. I remember listening to Robert Kiyosaki's teachings in youtube. He was telling that money working as currencies which tend to fluctuate in value everyday should be immediately invested in a real asset like real estate. Money working as currency will lose its value the longer you don't do anything with it. It made sense.
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