Asset is one of the most important means of financial building. Asset is something that you own and can create money for you. For example, a shop, a rent room or house, rent car, anything that produce some money for you, that also include websites or blogs.

The opposite of assets are liabilities. It is something that constantly cost you money on maintenance and upgrades. This include, expensive house, electronic items, cars or transportation, non productive cellphones, so many more.

Asset can be used as emeregency fund, you can use when you need money, and it can be summoned when you need some amount of money. My small shop for example, when I need an emeregency fund equal to my 1 month salary, I just have to wait about 4 days to get it. But then I must return the fund to the shop investment whenever I get the chance, or I can pay parts by parts. My shop is becoming like a small bank for me.

So how to really grow asset?

1. Start a small business. A business is a perfect tools to grow asset. My mom have a small diner and some rent rooms, my sister have a small diner, and a marble design business, my brother like me has a small shop selling cellphone credits and vouchers. And it really work, not much, but it work.

2. Stop creating debts. Debt is the most thing that prevent you from relaxing. Debt can be so frustrating. And it is only making you trapped in an endless race.

3. Live frugal. You don’t have to prove your self to anyone. They don’t care about your money, or your success, or your achievement.  So relax, live the life the way you really want it.

Of course there are many longer explanation, but I’m not an expert, I just share what I have done, and maybe, just maybe it can work for you .

As you already know from my previous post, that I own a small shop. Now I will tell you a guide to start a small shop.

1. Think small, small is okay. Many people thinking about being an instant millionare when they start a business. This is not wrong. It is just in reality, not many people become a millionare in a very short time.

2. Find the spot. The most important thing is the rent. Rent can be problem at first start, so get a cheap, or possibly free rent space. You can use your house, your family house, cart, moving van, whatever suit the business.

3. Fill the stock. Now stock is also important, you can’t make a sell, if you have nothing to sell. You don’t have to fill it with loads of stock but you can pile up, one small pile at a time.

4. Listen to customer. Listen to what they need, the ideal price, what to provide, decoration, just listen to what they say. Not all what buyer say is right but mostly it does.

5. Build a slow reputation. Eventually people will heard about your store and you don’t want them to hear bad things do you. You can’t be perfect but you can try to make it look nice.

6. Spend on stock. How to make your stock grow? By using initial profit to add up stock. I start less than 100 USD now I manage to pile up to almost 1000 USD (in Indonesia it is not bad). You wouldn’t believe the power of compounding interest.

Well do you want to try?

Yes, thats right. Money is not controlling you. You are more important then money. Money is not that good if you have a bad mood, or sick, or ill, or lost.

Money is only good when you happy. So why not decide to be happy, having money or not?

Yes, be happy. Take a simple Job, have less money, have smaller house, sell the car, eat on cheaper (but healthy) places. Eat vegetables, walk, use bike, have cheaper cellphones (it is only a piece of plastic for god sake). And more importantly, ignore those idiots, trolls and bigots that think that they better cause they talk about money, or things they buy all the time (with loans, duh).

Relax … breathe