We talk a lot about changing your approach to money, and changing your thinking about investment versus income requires a pretty big shift! You need to start thinking about living off investment money now rather than working for retirement by building net worth. Why? Because income is how you pay for the day-to-day expense of your life—not net worth.
Keep in mind that if you’re looking for growth rather than income, you’re more likely to buy the wrong asset. So be aware of how much your investment costs you—regardless of how much the net worth increases while you own it!
Dr. Tony is the co-founder of MindShift.money and the best-selling author of three books on personal and business finances. Having achieved Financial Freedom at 27, Dr. Tony believes that through Financially Fit Bootcamp and Cash Flow Cure everyone can get there. He has made it his life’s mission to help others live a life where their money works for them—not the other way around.