Be an Owner - Four Pillar Freedom

2 min read

There’s one piece of financial advice that I plan on giving to my future children: Be an owner.

This simple phrase encompasses nearly everything I know about building wealth and gaining freedom in life.

If you want to be wealthy, you need to own income-producing assets. Examples of these include:

Stocks
Bonds
Real estate
Websites
Products

You can buy some of these assets (i.e. stocks, bonds, real estate) or you can build some of these (i.e. websites & products) from scratch.

In either case, your goal should be to own things that work around the clock to earn money for you even when you are not actually working.

Once you own enough of these things, you don’t have to spend your time earning income. Instead, you can let your assets earn for you.

I was fortunate to learn this lesson early in life and as a result I’m able to spend my time however I want each day because I own enough assets that produce income for me.

Personally I own the following collection of assets:

Stock index funds
REIT index funds
A portfolio of websites

Each month I earn dividends (from stocks and REITs) along with passive income from ads, affiliate links, and digital products from my websites.

I’m fortunate that I earn enough income from these assets that I don’t have to report to a 9-5 job five days per week.

I own my time and the potential income from these assets has no ceiling.

So, I plan on teaching my kids this lesson at a young age.

Be an owner.

Own assets that produce income for you.

This is the simple path to a wealthy and freedom-filled life.

Author
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Zach

Zach is the author behind Four Pillar Freedom, a blog that teaches you how to build wealth and gain freedom in life.

He quit his day job as a data scientist in 2019 because he was able to earn enough income from profitable websites to replace his salary. He now teaches people how to start and grow their own profitable websites from scratch in the Income Community.

Zach's favorite free financial tool he's been using since 2015 to manage his net worth is Personal Capital. Each month he uses their free Investment Checkup tool and Retirement Planner to track his investments and ensure that he's on the fast track to financial freedom.

His favorite investment platform is M1 Finance, a site that allows him to build a custom portfolio of stocks for free, has no trading or maintenance fees, and even allows him to set up automated target-allocated investments.

Published by Zach