3 ms·
I think you'll find that many seriously wealthy people tend to make more money from owning things than they do from producing things.
by tmnvix 9y ago
I think you'll find that many seriously wealthy people tend to make more money from owning things than they do from producing things.
- owlmirror 9y agoHow can you make money from something without producing? I own things and would love to know this recipe for infinite wealth.
- tmnvix 9y agoBuy land.
- richardknop 9y agoReal estate / land. Buy a bunch of condos and rent them out. You have basically infinite passive income (yes those buildings won't be there forever but relative to your lifespan it is infinite, probably will provide income for your family for several generations) without having to produce or do any labour / work. There is maintenance / repairs to be done but that can be outsourced to a real estate / concierge service.
- stretchwithme 9y agoYes, some money is made by producing things. And some is made by taking care of things and enabling other people to use them. Making things AND making the most of things.