A note from Sary

Ch.18 Slowlaners and Fastlaners have two antagonistic views of "assets." Slowlan-ers and Sidewalkers buy and sell depreciating assets that decline over time. Cars, boats, electronics, designer clothes, gadgets, and sparkly bling to impress that newly divorced woman in the adjacent cubicle-these are all assets that lose value the moment your credit card is charged. Contrary to this, Fastlaners buy and sell appreciating assets: businesses, brands, cash flows, notes, intellectual property, licenses, inventions, patents, and real estate. As it relates to the Fastlane wealth equation, the power of "Asset Value" lies in your ability to control the variable in a virtually limitless fashion.

Sary The Millionaire Fastlane, page 123 · January 11, 2024 Save to shelf
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