Two Secrets of Business Success- Types of Assets

Getting right to it, because Entrepreneur Chick is blowin' this pop stand in a moment- the four types of assets are as follows:

(1) Businesses
(2) Real Estate
(3) Investments
(4) Bootleg whiskey- Just making sure you're paying attention.

Actually, and I won't name names, but bootleg whiskey proved to be quite a profitable venture for a certain well known family in America; however, the whiskey would still fall under the category of "business".

As for me, I gravitate to business because I understand it better, can control it more, can do what I want with it, and because I love to promote and sell- it's a better fit for me personally.

That's not to say I should be off the hook regarding investing. Right now, a good deal of my cash flow goes not into investments, but into my companies- as, again, I understand it better and I also know where my rate of return is far more predictably.

But, as I said- that's just me. Real estate might completely float your boat. My father owned some real estate. He had a good plan, but not a large vision with his real estate investing. I believe he could have done better and I wish he was around today so we could discuss all this.

What type of assets do you like?

(For some stupid reason I can hear Ludacris and T-Pain going.. "What kinda asses do we like?" And then, of course, Sir Mixalot chimes in... "I like big butts and I can not lie..." and then Ludacris and T-Pain, thoroughly annoyed say, "Yo, dawg. SHUT UP! This ain't the 90's up in here.")