How to Create, Buy, And Build Assets: Start the Journey to Set Yourself Free

My favorite author Robert Kiyosaki says it best, “An asset puts money in your pocket, and a liability takes money from you.”

Understanding this simple truth has allowed me to become debt free and financially independent over the last four years.

I simply focus my efforts on obtaining assets and not accumulating liabilities. Collecting assets is simple in practice as long as you know where to find them.

Why I Subscribed to Kindle Unlimited as a Content Creator

The three ways to collect assets. Let’s keep the conversation light today. At the simplest level, there are three ways to acquire assets: buy, build, or create them.

Once you understand the three ways, you can focus on the path that best suits your lifestyle. However, it’s best to leverage all types to generate wealth quicker and safer (by diversifying).

As you read over the different paths, defeat any limiting beliefs that sprout into your brain. I remember thinking that I could never write a book (for example). Let’s begin.

Buy assets. The easiest path is to buy assets; however, it requires the most money. The most accessible form of assets to purchase are dividend-paying stocks.

You can purchase dividend stocks for only $5 a week. However, to retire on dividends, you will need millions of dollars.

Don’t let the big numbers scare you; even earning $500/month in dividends will change your life. Imagine receiving $1,000/month in dividends—the equivalent of working 50 hours at $20 per hour.

Dividends vs. Capital Gains 2

There are other ways to buy assets, such as businesses, websites, and properties, but that is outside the scope of today’s starter article.

Create assets. Does it take money to make money? Not at all. In today’s world, you can create money from thin air with the right mindset.

Robert Kiyosaki is the reason why I started publishing books. He showed me that I could use my brain to create an asset that produces money.

To create an asset, you must first have knowledge. Once you have that knowledge, you can leverage it in a video, podcast, music sheet, article, book, or artwork.

When people pay for your creative works, you receive “royalties.” Royalties are the dividends of creativity.

Build Wealth Slowly

As you build your audience, you want to invest in better equipment to produce more fantastic work. However, it doesn’t take much to get started.

Creativity is your ticket out of your misery if you are broke or struggling. Royalties take a while to grow, so be patient.

You see little sparks of hope occasionally; however, expect a 3-5 year process to see massive results.

Build them. Finally, you can build an asset in the form of a business. Starting a business may seem difficult from your current position.

But don’t let that discourage you. The best way to start a business is with your creativity. That’s right; releasing great content is the key to building an audience.

Passive Income: What Gets Rewarded Gets Repeated

Once you have an audience, you can build a business around their specific needs. You want to start a business with little or no overhead.

Once you have an audience, you can sample your products or services before mass-producing something.

The key to building a successful business is becoming an entrepreneur (#1, #2, #3, #4, #5) before starting. With the right mindset, your business will thrive.

Putting it all together. The key to living the life of your dreams is amassing an extensive money system. What is a money system?

How to Create Passive Income 101: For Beginners

Your money system is your dividend portfolio. Your portfolio produces income that is portable—meaning it goes wherever you go.

Whether you work a 9-5 job, create royalties, rent properties, or start a business, all your excess income needs to flow into your money system.

Once you understand this simple truth, your life will begin to change. You’ll see cash flow as a way to create more revenue via your money system.

From Dirt to Dividends. In my From Dirt to Dividends series (#1, #2, #3, #4, #5, #6), I outlined how you can grow your money system from the ground up (pun intended).

From $28/mo to $700/month in Passive Income

For example, if you receive $25 by selling some eggs, you should not spend it. Instead, you can purchase a preferred share that returns your money at 9%.

When that $25 preferred share pays you $0.56 every quarter, that is the money you can use to enjoy life. 

If you continually repeat this process, you’ll have enough money from preferred shares never to have to sell eggs again.

This strategy is the idea behind financial freedom. Once you fund your money system, it creates income to improve your life. Eventually, you’ll have enough money from dividends to free yourself completely.

Sell Your Creativity for Passive Income

Getting started. Now that you know the three ways to acquire assets, which is right for you?

In my opinion, the best way to start is to rent a room to start growing your money system. Renting a room is not ideal for most people, but you can rent to family or friends.

You can also rent your car on Turo or work a second job (not recommended). You can also become a freelancer during the midnight hours.

Conclusion. No matter where you start, you will need to take massive action. The world doesn’t respond to ordinary people any longer.

To free yourself, you will need to become great. Greatness lurks inside all of us, except our limiting beliefs keep it at bay.

My Experience Running Facebook Ads

I always tell people to start small. Create one simple daily routine, and let the power of compounding do the rest.

To survive in this world, you will need a portfolio of assets. I create an asset (a book) every day. This has helped me see the magic of compounding creativity.

I use the money from my books to invest in my money system. I also use rental rooms, rental properties, and my earned income to grow my wealth.

If you had to quit your job tomorrow, what income would you still have coming? The cash flow that remains is passive income from your assets. Good Luck!

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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it.  I have no business relationship with any company whose stock is mentioned in this article. All Right Reserved Military Family Investing