Focus on Investing, Not on Consuming
To focus on investing is to contribute to your future, to focus on consuming is to contribute to others’ futures.
This chapter will focus on the art of investing and the limiting of consumption. It will go hand in hand with Chapter 7 on accumulating assets, and not liabilities. To invest is defined as: “to expend money” (I would add effort) “with the expectation of achieving a profit or material result.” To consume is defined as: “to use up” or “to buy.” We will not, however, be discussing the stock market or the benefits of bonds versus stocks in this chapter or in the book in general. What we will focus on is how to invest and what to invest in if entrepreneurship is your goal. We will be discussing ...
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