On… Accumulating Wealth vs Generating Income
Recently my wife asked me how my investing is going and how much I am earning. It is a straightforward question but the answer is anything but simple. Why? Because investing is not like opening a lemonade stall where you can report your monthly sales/profit or a regular job where there is a monthly income ( unless you’re doing trading which is similar-to but not the same as investing ). So I could go into the details of investing but that’s not the simple answer that she is looking for. And if I just reported the dividends I received as my investment earnings, it would not do investing justice. I thought a little more about the question because I was sure it would not be the last time I will hear of it. Sure enough, a month later, when I met up with an old friend he asked me the exact question. This time around, I was kind of ready. Most people understand property investing ( most people that I know at least ) and I thought that would be one way for me t...