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Originally Posted by Alex from Montreal
define ASSET ACQUISITION?
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Normally, people budget this way:
Income comes in -- goes to pay for expenses -- goes to pay for liabilities -- goes to pay for 'discretionary spending' -- IF anything is left it goes to savings.
Asset acquisition is buying assets like rental property, profitable businesses, stocks, etc. Anything that, when sold or as part of its active operation, generates further income which you then can use to buy even MORE assets.