Day 7 of The 14-day Passive Income Challenge - The worst asset to own - Chaim Ekstein

[Music] welcome to day seven of the 14 day passive income challenge today we are going to discuss the worst asset yeah the worst what's the worst answer that you can own stay tuned what's the worst asset that a person can own think about it out of all assets what is the worst you can own before i'm gonna tell you please pause the video and write it down i'm very curious what you're gonna be writing down and leave me a comment below let me know what you wrote down you ready the worst asset that a person can own is this cash cash is depreciating every day that you own it not only does it appreciate you know who decides what the value of the cash should be your government not even you not even a marketplace it's not an open place where people can decide the value the government can with one stroke of a pen decide that your money should be worth more or it should be worth less they get a print more of it they're going to print less of it i'm not going to go into the whole cryptocurrency discussion now that's for another time but inflation is something that eats up your money so much that it makes it the worst asset to own anything you own this microphone is better than owning cash anything you own is better than owning cash if you own postage stamps is better than owning cash anything that you own that goes up in value together with the marketplace it's something that makes more sense usually i'm not going to tell you to own daily stuff you're going to own milk you're going to lose the value because it's going to be rotten but any normal valuable thing that has a market for it that people want to have it you buy a piece of property people want more people want to live there the value goes up you buy a piece of equipment the inflation goes up that will go up as well think about the best assets you can own that should be inflation-proof and you shouldn't be losing money every time that the government decides that they want to devaluate their currency thanks for being with me on the 14-day passive income challenge i'm looking forward being with you for the entire journey