Self-Determination: Taking Control of Your Finances
- Understanding assets and liabilities is crucial. Owning a home with a mortgage may seem like an asset, but it is often a liability until paid off (the bank owns it until it is paid off; you are an income generating machine for the bank).
- Renting can offer more financial flexibility, freeing up money for higher-yield investments (REITs).
- Building your own investment portfolio, rather than relying on traditional pensions, ensures better returns and long-term security.
- Taking control of these aspects allows for greater financial autonomy and growth.
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Anton Kreil - ex Goldman Sachs trader explains 5 principles behind 10 Secrets to Achieve Financial Success
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