Saturday 26 January 2019

How to own assets?

How to own assets?
Without money, it does not mean that it is impossible to own assets. You can get eggs no matter buy hen to lay eggs or borrow hen to lay eggs.
1) Purchase assets using your money. For example, invest a franchise, hire some people to help you. You may obtain passive income from the franchise.
2) Long-term lease assets. For example, sign a 10-year house lease contract with the property owner, and then rent each bedroom separately.
3) Own (rent or buy) assets with partners. For example: buy or rent an apartment building with  partners and rent each unit to collect passive income.
4) Buy after renting. If the third item is successful, you can also consider buying the apartment building and eliminating the annual rent that has to be paid to the property owner.
5) Borrow money to buy asset. For example, borrow money from a bank to buy a condo for rent.
6) Create assets by yourself. For example, copyright investment, such as: developing software, writing books, publishing audio or video, etc., providing valuable information to readers and obtaining advertising revenue.
7) Ask people to create assets for you. For example, the software mentioned in item 5, you may ask someone to develop it for you.
There are many others. But, you need to learn and think more while practices.

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