What’s an asset?
Ever thought about it?
If not, you need to, if you want to fly asset class.
An asset is something that generates income for you. Even while u r not looking. That’s my understanding.
So is your house an asset?
No! Unless it’s generating a rental. Otherwise it’s generating expenses, and is thus a liability.
Sound investing generates assets.
Over time, the accumulative income of all your assets allows you to fly asset class, i.e. gives you financial independence. Even while u r not looking.
That’s the whole idea.