I have finally managed to simplify and visualize The Wealth Building Machine boiling down the whole process of growing Net Worth to just one page.
Posts tagged as “online business”
This article describes my family's assets and liabilities which are two major components of every Balance Sheet. Here are is my family's Balance Sheet.
I talk about saving rate of my family. I love saving money. It gives me some sort of internal sense of achievement, the feeling of safety and security.
Real estate, bank deposits, online business and stocks. These four investments will generate us passive income streams from rent, interest, profit and dividends.
Here is my personal list of interesting blogs about building wealth. The authors of these websites focus on proven ways leading to growing wealth and becoming rich.
In addition to Active Income, we invest all our savings into four money-generating asset classes to earn Passive Income.
At this stage of my life, me and my wife are focused on ‘systematic and continuous wealth building’.
For everyone who wants to be fully in control of consumption choices in life, knowing the differences between needs and wants is super important!