What assets do you own?

[Booker Carver]

Was the mortgage business reason you acquired these assets? I need to start accumulating assets. I was also thinking about acquiring small businesses from owners who want to retire from the business and their children don't want any part of the business.
I'm currently in the military. I want to leave the military but the economy is kinda shaky and I'm a little scared as well. I own a home in el Paso whose value increased by $60K ( i still have a mortgage on the home). I'm having trouble thinking about whether should I sell it, get a HELOC to acquire other assets or rent out the home when I leave el Paso? What do you suggest I do?

No I already had those assets. Been on that for a minute now. It’s the only way I see to build wealth, getting more appreciating assets. Now it’s time for income producing assets.

I don’t know the stats but I’m always hearing about how companies are looking for military brehs because of what y’all bring to the table. Thank you for your service.

Are you married? Do you need the home? How old are you? I’d suggest maybe selling and then buying a 2-4 unit and house hack. Have your renters pay your mortgage. Then when you’re ready for your primary home, find a renter and go buy another home.

I’d love to acquire someone’s business as well. Talked to a guy that sold class rings. He did well. Would have never thought that was something to own. He sold his business and now is consulting for the same company. I know the family he sold it to and they got bread. Played football with the husband but the wife is the one that bought it. They have a big house in my neighborhood but she also came from money. It’s all about having capital. When you have capital you can do so much more with it. Businesses making money when you sleep. I’m not up on this yet, but learn as much as you can and do it!

 

[wenndigo]

Owning an e-commerce store (I own multiple) is a free cashflowing asset that you can sell for 30X monthly profit if you do it right.

 

[Khadafi1982]

Strictly stock via taxable/non-taxable accounts. Technically speaking, I don't own any assets according to the quote below:

Source: Are stocks real assets?

IMO, this is an outdated definition. Real assets and financial assets are intertwined. Ever heard of traders chilling in a living room while owning an oil tanker that is on the ocean and trade the ownership an hour later. Some Swiss shell companies own zero physical assets but have various stock ownership on real physical assets. Let me own a millions shares of REIT stocks, I will heard during meetings.