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How does shared ownership in assets contribute to personal wealth growth?

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Question #

How does shared ownership in assets contribute to personal wealth growth?

Answer #

I don’t have to own an asset all by myself.

I actually feel safer having others in the asset as well.

Spreads risk, increases the brain power, and allows different skillsets to be present over and above just me.

This is just my preferred way of owning storage, but not necessarily the right way.

I also own stocks, companies, I am a passive investor in others’ investments and more.

But my primary asset class is self-storage.

When I started focusing on how I could own or have ownership in assets, not primarily on making money, that is when my personal wealth really began to grow.

Over time, I began to understand how the universe really works.

That is what my most recent book is about.

One of the most startling things I learned was that without a clear vision of what I am creating, I flounder.

And when I say clear vision, I mean crystal clear.

I am creating x (what) by y (when).

Not only that, what is my life like in that future I am creating.

What are my days like?

To this day, I spend the first part of every day experiencing the future I happen to be creating.

I really experience it, live into it.

The book The Creative Method of Wealth Generation goes deep into this.

I have learned that it is my vision that gives my thinking and feelings during the day.

My commitment to that future dictates my thoughts, my thoughts dictate what I do, and what I do creates my results.

Source: Five Things I Have Learned About Creating Wealth