Once you’ve got a bit of money behind you (and it doesn’t need to be a lot) it’s time to think about buying assets.
Most people think of assets as being big scary things like real estate, stocks, bonds etc. Things that cost a lot. Things that are unfamiliar. Often things that are risky. So they avoid them.
And assets can be those things. But not always.
Assets are things that you own and that you can use to generate money from. They can be simple things.
And buying assets doesn’t have to be expensive.
Think about something that people might want to hire from you. It could be as simple as a ladder (after all, that’s what hire shops do) or something more complex like a bouncy castle, an arcade machine, a wedding car or a canal boat. Just something that people might want from time to time, but don’t want to own.
Start with something small or something simple (but still be remarkable) and work your way up. Remember, it’s a marathon, not a sprint.