=> Short-And-To-The-Point Asset Definition

By Dick Joubert

This asset definition is different - it's focused on you and getting money in your pocket.

Assets are simply things you buy or create to produce a stream of money. Almost see an asset as a goose that lays golden eggs. It just keeps on giving money... giving money... giving money.

Now, the most important part of assets are that you do NOT continue to work for the money. You do the work once. And then make money even while you sleep - that's the real beauty of building assets.

--------------------------------------------------------------------------------

George de Mestral, the inventor of Velcro - the so-called "hook and loop" fastener, used 8 years to figure out how to make a workable prototype.

He patented his new fastener in 1955. And in 2001 the company's annual turnover was roughly $200 million... using the same original idea.

The essence of our asset definition...

Work once. Get paid again and again.

--------------------------------------------------------------------------------

Assets are sources of P(assive) cashflow

Of course, there are other "types" of assets, especially in the business world. But for purposes of our discussion we're only looking at ones that give continuous cashflow streams.

Let's start by looking at our Cashflow Pipe... click here to learn more.

Depending on your personal situation, you'll need effort, time or money to build an asset that automatically puts money in your pocket. Now, realize that you're building a recurring stream of income that continues to flow whether you're there or not.

See how assets P(assively) puts money in your pipeline. This is also the basis of money working for you.

One important remark...

Realize this... by building many money streams, P(assive) income is increased. And once P is bigger than W, you won't need to work any more! You can simply live off your P income.

So, let's start by looking at different passive income sources... assets... you can build. Click here to learn more

Source : http://www.cashflowclever.com/assetdefinition.html