Invest in assets that generate passive income from "summary" of SUMMARY: How To Get Rich: One Of The World's Greatest Entrepreneurs Shares His Secrets By Felix Dennis by Shortcut Edition
Investing in assets that generate passive income is a crucial strategy for building wealth. Passive income refers to money earned with little to no effort on your part. This can come from rental properties, dividends from stocks, royalties from intellectual property, or any other source that doesn't require active involvement. By investing in these types of assets, you can create a steady stream of income that grows over time. One key benefit of passive income is that it allows you to make money while you sleep. Instead of trading time for money, you are earning money even when you're not working. This is a powerful way to build wealth because it gives you the freedom to pursue other interests or investments without being ...
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