Read? Does Your Account Size Matter? - Part 3
You can't really get rich with it!
When your account size is not extremely large, you can't get rich with passive income ONLY. Passive income from property rentals, stock dividends or bond coupons. However, it may be possible; but it will take decades of doing it right to become rich.
To Get Rich = Getting more and more Total Return
Total Return = Capital Gain + Passive Income.
Passive income is generated from the "utility" of property, stock or bond. It is an expected form of return from this "utility".
So where does Capital Gain come from?
The Greater Fool theory!
Your capital gain must come from "Greater Fool" in the market who will hand over part of their hard earned money from their jobs to you in the form of speculation. The large Capital Gain in the market must come from many Greater ......
