The BIGGEST mistake people make is spending their earned income on depreciating assets 🏎️💰

[@eligoodman3819]

I don't make my car payment... My employer does because the money comes from him. Great logic 👍

[@shane_homes]

Employer is active income renter is passive income

[@Rometor]

Sooo you make your car payments with your income…

[@dexuwastaken7079]

His point is don’t buy depreciating assets before you have appreciating assets that can pay for your fun stuff

[@Lil_Loadin]

with passive income*

[@dexuwastaken7079]

@@Lil_Loadin there’s no such thing as passive income.

[@Lil_Loadin]

@@dexuwastaken7079 yes there is. appreciating assets are passive income. so are royalties and licensing, etc.

[@shane_homes]

Point is passive income not active income. Just a rule that’s worked for me

[@garyoak4175]

just buy real estate he said, 100% rich parents with the dog and the sister.

[@shane_homes]

I’m glad I didn’t have rich parents!

[@TheForrestfire]

same mfs charging $3500 rent for studios 😂🫵

[@shane_homes]

I don’t recommend renting