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022_Grow Wealthy by Investing in Assets
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Kevin Baker द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Kevin Baker या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
Summary: Today we discuss how to grow wealthy by investing in assets. Kevin Baker leads the Peak of Potential Nation on the path to wealth, freedom, and living the life you desire. It starts with changing your mindset from being a wage earnng empliyee to being an investor in assets. This episode equips the everyday income earner with knowledge how to build assets and wealth.
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In this episode you will learn about wisdom and wealth in 2022:
1. Grow wealthy–Why do you need money?
2. Grow wealthy by investing in assets. Three properties and classifications of assets.
3. Grow wealthy by investing in assets. The difference between income from a job and alternative income.
4. Grow wealthy by investing in assets.
Our expert, Kevin Baker, defines an asset as something that, in the future, can generate cash flow for you. Assets make money. Anything that takes money out of your pocket is a liability. Kevin is a former CFO who managed the investments of a 900 yearol non-profit. He has studied the masters of value investing inlcuding Warren Buffet, Seth Klarman’s “Margin of Safety” (which he owns), Bruce Greenwald, Christoper Brown, and others.
Wealth Scale
- Novice/Poor – You’re poor if you have a lot of liabilities and need to keep working to maintain your lifestyle. People can be poor even if they have great income. Unfortunately, most Americans are stuck here most of their lives.
- Amateur – You have been investing for a while and own some good assets. If the value of your good assets is more than 50% of your net worth, then you’re firmly in this class.
- Financial Independence – This should be the goal for everyone. Once the income from good assets, aka passive income, surpasses your expense, you can retire and live life the way you want.
- Generational Wealth – This is beyond financial independence. You have plenty of income from your investment to keep reinvesting. This way your wealth will keep growing and you can pass it on to the kids. That’s generational wealth.
Connect to Kevin Baker at https://www.kevinbakerinc.com/
Join the Peak of Potential “On Life” Facebook Group.
The Peak of Potential Podcast is a media publication of Kevin Baker Consulting, an Australian media and consulting group with offices in Sydney.
The post 022_Grow Wealthy by Investing in Assets appeared first on Kevin Baker | Leader | Author | Academic | Peak of Potential.
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