Fasten your seatbelts kids because Aunt Toby is going to tell you one of the most important ‘home truths’ you will ever hear. Commit this to memory. Write it down and embroider it for a wee bit of framed art over your desk. Never forget it and don’t allow anyone to ever tell you otherwise.
Here it is: Investments are things that you spend money on that bring in income.
Income. Real cash flow. Revenue streams (sort of like the Mississippi only with greenbacks). Dividends. Interest. Rents. Payments to YOU.
Why am I saying this? (more…)