Everyone focuses on income… but the wealthy focus on assets.
You can have a low reported income and still have high wealth.
You can make $70K a year and control millions.
You can also make $300K a year and still be broke.
Income is what you earn.
Assets are what you own and control.
Here’s the strategy most people don’t understand:
High-net-worth families don’t always want high taxable income.
Why? Because high income = high taxes, higher student loan payments, reduced financial aid eligibility, and fewer planning advantages.
Instead, they build assets that can be accessed without creating taxable income.
Let’s talk about how in the comments.