Think about it from a logical standpoint... when
the wealthy buy assets, they need ready reserves of cash or financing to do so.
Wealth coach, educator and entrepreneur, Robert Kiyosaki, puts it best when he says that
the wealthy buy assets while the poor and middle class buy liabilities.
Not exact matches
Still, many
wealthier retirees opt to
buy long - term care coverage as a way of preserving more
assets for their future heirs.
Wealthy families are now
buying big into Bitcoin as a means to protect their
assets from currency controls and rising consumer prices.
You end up taking more risk by
buying riskier
assets which pushes up its price causing you to feel
wealthier.
** Italian
asset manager Azimut said it had agreed to
buy smaller rival Augustus Opus SIM, which specializes in managing
assets of
wealthy individuals, in a two - step deal.
Wealthier people in America do not follow the conventional
asset allocation model of
buying bonds, i.e. age equals your bond percentage allocation or a 60/40 equities / fixed income split.
The provision encourages the
wealthy to purchase more housing than they need or would otherwise
buy if housing were treated like other
assets, and thereby forces up the cost of housing in general.
«It will also encourage
wealthy Nigerians who can afford to
buy and therefore rooting for the sale of national
assets, to invest in the economy or to set up their own LNG projects, considering the huge reserves of natural gas in the country,» he said.
Even with such a low % of the population affected, taxes like this are hard to enforce and not so hard to legally avoid or reduce - for example,
wealthy French people keeping wealth in neighbouring Belgium is common, as well as
buying exempted
assets, giving «temporary gifts» and other such techniques.
Assets sold for fractions of pennies on the dollars, because there was nobody with cash to
buy them — except for the already wildly
wealthy, who scooped up the farm for a song — literally.
If you want to grow truly
wealthy, then you want to
buy an
asset that produces a passive income while you own it so that you can then
buy other
assets that make you even more
wealthy.
Scrolling back to the top of this article, it all goes to the definition of
assets and liabilities and the fact that the
wealthy teach their kids to focus on
buying and creating
assets and avoiding overspending on liabilities.
As a crypto broker and infrastructure partner, Bitcoin Suisse AG has helped the bank offer all the products and services necessary to enable
wealthy individuals and institutional investors to
buy, secure, track and trade crypto
assets.