For this installment in the complete audiobook reading of Free From Corporate America, I read “On Risk Tolerance and Asset Creation.” This is perhaps the most important chapter in the book in terms of the ideas that are presented. Essentially, I argue for the importance of creating income-generating assets for those who want to get the foot of corporate America off of their necks, but I also expand the definition of assets.
Most books of this kind push one kind of asset, such as real estate. The problem is that if you have no passion for the real estate business, it should not become your life’s work. So the decision on asset creation should strike a balance between passion and marketability, invoking the “feedback loop” whenever possible. I put my own book through these hoops in the chapter also.