Financial Measures and Levers

There are two primary levers that you have in your life for financial measures.
1) Income
2) Expense

In choosing the assets you own, you need to consider these levers.
Expenses usually come from the assets you own. If you’re most Americans, your house and cars are the largest expense buckets and most of your wealth is tied up in your home. Anything else is probably in stocks somewhere. That’s fine, and those are also not cash generating assets in the truest sense.

Increasing your income can happen through raises and job changes, but the fastest way to do this is by owning more cash generating assets. Have you thought about this?

Two questions to ask yourself:
1) What is your wealth target?
2) What is your wealth generation strategy?