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Saturday, July 30, 2011

postheadericon Billionaire assets

Money itself is inert, and like an idea, it has no value unless it is actively employed or exchanged to get work accomplished. And just like an idea can be good or bad, money can be used constructively or destructively.
 
When money is used constructively, money creates or buys an asset. An asset is something that creates income, can appreciate in value, and sometimes allows for tax advantages like a piece of real estate or a business. I would add that the best assets to have are those that make you a return on your investment (i.e., puts money back in your pocket).

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