How To Win (Money Version)
I just wrote a A Simple Guide to Financial Freedom based on my experiences with Financial Freedom. Consider giving it a read if you are interested in this topic.
We live in a capitalist society. So to win, we need to beat the game of capitalism.
Those are the rules — whether you like it or not.
Luckily, the game isn’t that hard to grasp. Sure, people spend years studying the details of e.g., macro or micro economics. But to win we don’t need that. The fundamentals are enough. (But if you really care about winning, studying a bit probably won’t hurt).
According to Wikipedia, this is capitalism:
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit.
If we want to win, we need to privately own and operate the means of production. That way we get to enjoy their profit. In other words: we want to own productive assets.
How do we acquire more assets?
- Buy them
- Build them
To win we need to build or buy productive assets. That’s the game we are playing.
After trying a bit of both I believe buying assets is easier and safer than trying to build them. But that may just be me. Whatever you do, to win you need to do 1. or 2., or a combination of those two.
That’s how you win (money version).