Acquire income-generating assets first, then use those earnings to support any liabilities. Desiring that new car with a $500 monthly payment? It’s crucial to have assets delivering $500 or more each month.
Acquire income-generating assets first, then use those earnings to support any liabilities. Desiring that new car with a $500 monthly payment? It’s crucial to have assets delivering $500 or more each month.
Relying on active income to cover liabilities is a strategy best avoided.