Page 186 - Midas Touch

B’s and I’s make so much more money because they work to build, buy, or

acquire assets. The financial statement pictured below explains the
difference.

Assets include businesses, brands, patents, trademarks, real estate, paper
assets, and commodities. Working for assets, rather than money, is a very
important small thing that makes a very big difference over the life of an

entrepreneur. It gives you the upper hand. The reason is because assets
continue to pay you whether you are working or not, and multiple assets
can be paying you at the same time. That’s how you build wealth. Working
for money means you have to work for every hour you are paid. That’s not
how you build wealth.

Skills You Must Master