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How would you like to be rich? In the previous tutorial, we learned about wages, but the richest people in the world dont simply save their wages to become wealthy, they buy up assets. An asset is anything of value that can be converted into money. Both individuals and businesses own assets with the expectation that they will provide a future benefit. Lets look at an example. Rosalina makes $100,000 a year in wages, but decides she wants to invest some of it. She decides to purchase some stocks, corporate bonds, and real estate. She does this because she knows that if she were to simply keep her money sitting in a bank, it wouldnt grow much. So what do we mean by grow in this context? Money certainly doesnt grow on trees, but it can grow through investment in assets. An investment is the act of redirecting resources from being consumed today so that they may create benefits in the future. In other words, it involves using assets to make money, and
