Learn How to Build Wealth Volume 2–With Paper Assets
Now that we have talked about building wealth through owning a business and real estate, it is time to discuss paper assets. In this workbook we will refer to paper assets as investment vehicles that include such things as stocks and bonds. When purchases are made, in theory a “paper certificate” is issued to the new owner of the stock or bond.
Bonds—sometimes when companies or governments need to raise money to pay the cost of expanding their business they borrow cash from people like us. We Lend money
Stocks—sometimes when companies need to raise money to pay the cost of expanding their business they sell shares of their company to people like us. We Own shares.
