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generated from assets each month that fully cover my monthly expenses。 If I want to increase my expenses; I first must increase my cash flow from assets to maintain this level of wealth。 Take notice that it is at this point that I no longer am dependent on my wages。 I have focused on and been successful in building an asset column that has made me financially independent。 If I quit my job today; I would be able to cover my monthly expenses with the cash flow from my assets。
My next goal would be to have the excess cash flow from my assets reinvested into the asset column。 The more money that goes into my asset column; the more my asset column grows。 The more my assets grow; the more my cash flow grows。 And as long as I keep my expenses less than the cash flow from these assets; I will grow richer; with more and more ine from sources other than my physical labor。
As this reinvestment process continues; I am well on my way to being rich。 The actual definition of rich is in the eye of the beholder。 You can never be too rich。
Just remember this simple observation: The rich buy assets。 The poor only have expenses。 The middle class buys liabilities they think are assets。 So how do I start minding my own business? What is the answer? Listen to the founder of McDonald's。
CHAPTER FOUR
Lesson Three: Mind Your Own Business
In 1974; Ray Kroc; the founder of McDonald's; was asked to speak to the MBA class at the University of Texas at Austin。