With time, as one
starts accumulating assets, there are sources of future income which can financially support the family
Not exact matches
The way Robert Kiyosaki, educational entrepreneur of «Rich Dad» fame and member of the Hard
Assets Alliance,
started accumulating his wealth seems more than just a bit quirky.
Launched in late 2003, TIP had a three - and - a-half-year head
start to
accumulate assets before its first ETF competitor stepped onto the TIPS scene.
Ignoring any other
assets you
accumulated in life — your home equity, savings accounts, cars, personal investments in a brokerage account, annuities, businesses you
started; disregard all of it — your 401 (k) balance alone would contain upward of $ 4,426,000.
My philosophy is to
accumulate surplus capital, acquire a high - quality cash generating
asset, and then focus on acquiring new capital for new cash - generating
assets while you
start to receive the rewards from previous decisions that you have made.
Secondly, after
accumulating enough
assets to gain financial independence at an early age following an aggressive saving and deep value investing philosophy, I've
started to see the world a little differently.
When you purchase an annuity contract, your annuity
assets will
accumulate tax deferred until you
start taking withdrawals in retirement.
Launched in late 2003, TIP had a three - and - a-half-year head
start to
accumulate assets before its first ETF competitor stepped onto the TIPS scene.
Games like Monopoly and Life can help kids to
start seeing the value of saving versus spending and begin thinking about what they need to do in real life to begin
accumulating assets.
While this is a good
starting point, younger families should consider a larger number since they have more working years remaining (and therefore a larger human capital to replace), and older folks may need less as they near retirement or have
assets they
accumulated already.
The latter has
accumulated enough wealth /
assets to support dependents, while the 24 - year old has just
started out.