Elias Chen commented on a stock · Nov 26 19:20

How can one stop just making a living and start creating wealth?

How can one stop just making a living and start creating wealth?

The answer to this question has troubled me for many years.

Your fundamental issue is that when you exchange time for money, the amount of money you receive is always limited.

This applies to truck drivers, dentists, and lawyers, so your education level and status are not relevant.

The key is to break this endless cycle. If you learn how to earn passive income, it really becomes very easy.

Establish multiple sources of passive income. If you earn enough income, you will soon realize that you can achieve financial freedom and have time to continue repeating.

I have many friends who are bankrupt, even though they are over 60 years old, they never understand this. I always remember a comment from a few years ago, it was said after I showed one of them how much money I earn every month from an affiliate website.

After completing all the settings, I can earn a stable income of about 10 to 50 dollars per month without needing to make any continuous effort.

"Hey, Steve, you are such a fool. I won't get up for something that won't make me 1 million dollars in the next 5 years. 50 dollars a month is just pocket money for me, not worth wasting."

What happens to be that this guy is always broke, except for being an exam supervisor during the day, he also drives a beat-up car and delivers pizzas at night.

What he fails to understand is that if you have 20 or 50 sources of income, they can generate revenue for you 24/7. Once you make the initial effort to establish these income streams, you can live a very good life.

Over the years, I learned to treat real estate the same way. Buying a piece of ruin for very little money, then rolling up my sleeves to repair it. Gypsum, cement, white paint along with my labor are very cheap. If you can rent out the final result and get $100 in cash flow per month, then you can start.

Most people dream of owning a multimillion-dollar apartment building before they can enter the real estate industry, but they believe it's impossible, so they never begin.

Building wealth becomes easy when you start from the first income and keep accumulating.

Remember, you cannot get rich by borrowing money, nor can you get rich by saving money.

Take the first step, persevere, and continue increasing your income.

Eventually, in an amazingly short time, you will understand how it works.

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Elias Chen

成熟投资者：格局，概率，取舍。没有格局必然急功近利。不计概率会把运气当技术。不懂取舍，有所不为，最后必落入陷阱和圈套。

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