Wes Rowlands

If your personal inflation is at 6% and you're lending your money via bonds at 3%, 4%, 5%, you're losing purchasing power.

This is quite obvious.

Now, you still, in my opinion, should have that where everybody should do whatever their advisor says.

But for me, I still want to have some of that for short-term stability in case I need it, in case the market takes a dive, et cetera, et cetera.

But I want to be primarily an owner.

If you look at any of the people that we admire who've built their wealth,

Not one single time have I said, oh, I want to be like that guy or girl because they were just really good at lending their money.

No, it's always these people have built and or owned the things that are generating their money.

Phenomenal question.

So now if we look at the owner category, we can now break that into several subcategories.

Owner.

OK, well, there's two types of assets.

There's speculative assets and then there's something called productive assets.

And I didn't make these up.

Warren Buffett talks about these a lot and other value investors talk about them a lot.

Speculative assets on the one side is where you buy low and sell high.

At least that's the goal.

The only way in which I can make money is if I sell something for a higher price than which I bought it.

Now, this sounds amazing, but what's the problem?

It's incredibly hard to do.