One Asset that makes you Rich

Today i am going to tell you about 1 asset that makes you rich :

First you have to know what is asset? Asset is something that helps you to make money instead of working.

Real Estate :- Most of millionaire are made because of Real Estate. In Real Estate there are many ways to gain profit. 

• First one is 'Flip' means that buying a property in less amount and improve the land and after some years you have to sell this land at high price. 

• Second one is 'Appreciation' means that in which you don't sell your property but you hold your land. After some time the price of property increases that means your net worth will also increase. 

• Third one is 'Tax Benefit' means that when we buy a immovable property, government agree that the building has a life span for example 50 years, we will understand by example. A rich man had brought a building for RS 70 lakh in this building the land costs  RS 20 lakh and building costs RS 50 lakh. Government agrees that the life span of building is 50 years means that a person who had immovable property, government gives him tax deduction every year, a person who has many immovable properties  Government gives him more tax deduction every year while as a government employee gives tax and a person who has immovable property enjoys various tax benefits. 

• Fourth one is 'Cash Flow' that a person who has immovable property he gets rental income, the rental income will increase day by day and he gets richer without working.