How To Build A Financial Moat With Real Estate
Ages ago, people lived in elaborate and magnificent castles that
were often protected by moats. A moat is a wide, deep ditch dug
around a castle to prevent enemies from overtaking the castle.
By surrounding the castle with water, moats served as an
effective deterrent and provided the castle with the security it
needed to prosper.
Today, many of us live in our own plain and simple financial
castles that are much more vulnerable than the castles of
yesterday. Not only do our financial castles not have any sort
of moat for financial security, many real estate investors do
not know how to build a moat to accumulate wealth and retain it.
Why do most people today not have a financial moat? Why no
financial security? Why are most people so financially
vulnerable? We live in a culture that has brainwashed us into
thinking that we should be paid per hour of work. If you are
like most people, you have to work for a living. If you don't
work, you don't get paid. You see, most people have "linear"
income. So while linear income may be the way most people earn
their paychecks, it is also the reason many of us cannot afford
to retire. This type of income continues only as long as you
continue to work.