Niall Ferguson's book, "The Ascent of Money: A Financial History of the World," presents a thought-provoking perspective on financial security. He argues that owning property does not inherently provide security; rather, it often offers protection to creditors. This view challenges the common belief that property ownership is synonymous with stability and wealth. Instead, Ferguson emphasizes that true financial security is derived from a consistent and reliable income source.

This insight shifts the focus from asset accumulation to the importance of earning power. A steady income enables individuals to meet their financial obligations and adapt to changing circumstances. In a world where property values can fluctuate, reliance on a secure income stream becomes essential for long-term financial health and personal stability.