I just returned from a 3-day asset protection and wealth development seminar.  Did you know that more wealth has been created through real estate investing that through any other avenues?  Donald Trump?  Real estate!  John D. Rockefeller?  Real Estate!  But investing in real estate is not a simple procedure.

As I read the Rich Dad/Poor Dad series, one thing that popped out to me as a key to wealth development is being able to know the difference between a liability and an asset.  If you purchase a new car, that's a liability because the car will lose value as soon as you drive it off the lot, and will continue to lose value until it zeros out.  But on the other hand, if you buy a lot, that's an asset because the theory is that it will continue to increase in value.  But in our society, which is more glamorous?  Hmmm....

This seminar focused on protecting assets from lawsuits and taxes, while at the same time, creating wealth - not an easy task!  Question::

1) if you have 1 penny and it doubles in value every day for 30 days, how much money would you have after 30 days? 

Answer:  $5,368,709

BUT,

2) if you had 1 penny and it doubled every day for 30 days, and you paid 15% tax on the growth each day, how much money would you have after 30 days?

Answer: $559,732!!!

So, do you think it matters to watch your pennies???  I LOVE this stuff!  I could go on and on, but in the interest of time, I'll stop now.  If I've encouraged even one person to think about the future, I'm a success!  I know you're not counting on Social (In-)Security in your old age!