Question for February 11-15

 Question coming from Cherie Lambato(50,working in Manila,Philippines)

Question: What is the best technique to gain more assets?

 Answer: There are lot of factors before considering turning your liquid assets to "solid hard rock" investments.
 There are basic tips that you may consider.
   1. Balance your current cash flow: This is one mistake most people do. They mostly focus on gaining more assets not considering their current situation of liquidity. 
  2. Buy on CASH: You maximize the value of your asset by acquiring thru cash basis. Minimize using credit when investing.
  3. Turn you current asset to a performing asset: Don't just put your asset in one location and wait for 100 years. When acquiring a specific asset, always think of a way how you can maximize its full potential and turn it to a cash machine.
 4. Use your Performing asset income for expansion: Yes! If your objective is growth, acquire more assets using the income from your previous asset. This will have a multiple domino affect which makes you grow your portfolio faster.

 *note: there are lots of factors you have to consider before implementing the basic rules above,
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