Well, seriously speaking if you have lots of assets no one can stop you from becoming rich. I know these 10 assets that make you rich in 2024 but the condition is that you need to work hard to create them once you create. The only problem is that we don’t have assets and the second thing is that we don’t know what is asset. So be with me Assets are something that puts money in your pocket and liabilities are something that takes away money from your pocket.
You know what the only thing that was stopping you from becoming rich was seriously this. Suppose you know which things bring money in your pocket and which things take out money from your pocket. Half of the work is done then now the rest you need to do is acquire those assets that will seriously make you rich in 2024.
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10. Equipment
Do you have your camera or vehicle or anything that you really not need or for any reason you are going out of town and you are not looking to use that particular thing for let’s say one month? Here you know what you have a great way to make that equipment make money for you seriously I am not kidding.
You can rent out your equipment whether your bike or camera for a particular duration and in return you get paid some money and seriously that’s a very good idea. Because it happens most of the time that says you don’t use something which is only kept in our house at one corner instead of wasting we can use that thing to make money. You can try and let me know.
09. Real Estate
Real estate is one of the most important assets when it comes to making a person a millionaire or billionaire when you look at the millionaire billionaire most of them have real estate in their assets column this is the perfect option if you are looking to make assets because real estate or you can say the land is limited and the population is growing day.
So in that case land or real estate prices going to touch the sky seriously speaking in the future. That’s why if you are capable of investing money in the land it is very good or investing in other real estate segments is also very good or else you don’t have that much happy amount of capital then you can get the help of REITS which can help you to invest money in real estate with the small amount also.
08. Stock Market
When it comes to the stock market many people will think that put money today and double the money in a few days well this is the absolutely wrong approach to the stock market. Yeah, I know that the stock market grows your income in no time but this is the not right approach I think.
But if you are looking for a longer period let’s say when you talk about one decade or two decades then the stock market will be a good option for you I know the stock market in a short period is also good for the person who is a trader and who don’t know to trade stay away from trading otherwise you can wipe out your account. So if you have invested an amount of money for a longer period of so that you can create a huge amount of money but have patience when it comes to stock market or anything.
07. Cash
Cash seems weird but you can’t want to put all your money in one place you have heard this saying yeah don’t put all your eggs in one basket. Let’s say you invest all in an amount in real state or stock market and if something goes wrong whole money will seriously be in danger. To avoid that you need to put your money at least a percent of the money. Anything will go at least have 10% of your income in cash. I know you will say how I will put all those cash at our home. But who is telling you to keep this want to money in your home I am saying that you can keep aside 10 to 20% of your money in bank or liquid mutual fund you can get your money if you needed back.
06. Commodities
Listen commodities were the best and are the best and will be the best because no matter what the rate of the stock market is or will be commodities always be a good investing option. Always good choice for investment option for anyone. So if you are looking to invest you can go with commodities also sometimes you don’t have to look at the returns of the commodities I know not much more than the stock market returns but yeah but you also sometimes need to look at your mental peace.
05. Content Creation
In the 21st century, the most important asset that has been created around the world is the content creation. You believe me or not today but I am definitely sure that after 5 years you will agree to this because content creation has created huge and massive opportunities for every individual person who can showcase their talent to the world by sitting at the place by sitting at one corner of the place with the help of just mobile or laptop and internet. It is one of the assets that create wealth generation for that particular person who made one video one year ago but still generates income till now.
04. Books
If you are a person who has great amount of knowledge in a particular topic then you are ready to write your first book and do you know what the royalty income which is produced by the book can create huge money? Not joking at all you can go and see the authors who have written the most popular books there earning are insane.
03. Business
Business is one of the best assets that you can make and not only I am the person who is telling but when you talk about assets the only first thing that comes out to many people is always business. And if you have the mentality of that entrepreneur then I must say that you can be a good fit for the business and I once again saying that not everyone is for business. That’s why not everyone is a businessman.
02. Skills
I know when it comes to the asset skill is one of the most important hat can make you rich. You know what you have skill and somebody takes all your money but again you can build that in no time from zero that is what the power of skill is. That’s why I seriously want you to make yourself so skillful person. That you are not dependent on anyone you can create your empire how you want.
01. Time
If you ask me one of the best assets I will tell you the Time is the assets that make you rich in 2024. I know I am putting this on top of the top 10 because time is the only asset that not anyone in the world can purchase. You can’t control your time you can’t stop time the only thing you can do is utilize your time otherwise no matter how much regret you make you will never get those golden times back. So it’s really recommended to utilize you please just time that no one can return for you.