Are You Building Assets or Liabilities?

Are You Building Assets or Liabilities?

American’s are indoctrinated into a system whereby they are taught from a very young age to do well in grade school, go to college, get a stable job, buy a house, a car, decorate that house, look the part with your clothes, eat out, entertain yourself and on and on.  We are taught to do this without regard for if we actually have the money at the time of these purchases or not.  “Charge it” is the American way.  In a study by CreditLoan they indicate that the average American will pay over $600,000 in interest alone throughout their lifetime.

The individuals that have true and lasting wealth in this society have broken out of the mold.  They don’t spend their life in the rat race trying to get out of debt.  They learn how to buy assets instead of liabilities.  When you purchase assets that produce cashflow into your life, you can become financially free.  Franchises are wonderful vehicles for cashflow and assets creation.  With a franchise you can own many assets within it as well as the franchise itself.  For instance, you can own the building, the equipment, the human capital, you can purchase investments in other companies, and more.

The benefits of Franchise ownership are not limited to freedom and control over your life.  There is a definite economic benefit in the way you earn money.  The tax code is written in favor of business owners making it easier to get rich faster because the business owner is keeping more of the money they earn.  We encourage you to start building wealth and assets today because time is a commodity you can’t replace.  If you want financial freedom, you must do what the people who are financially free do.  Build assets not liabilities. contact Kip today

Posted in Advantages of a Franchise, Franchise Basics.