Assets And Liabilities - Deepstash

Assets And Liabilities

A liability takes money out of the pocket.

An asset that increases value of the money.

On basis of these assets and liabilities there are different cash flow pattern of poor, middle and rich people

Categories into

income sheet: income, expenses

Balance sheet: asset and liabilities

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Similar ideas to Assets And Liabilities

Calculating your assets and liabilities

Assets are anything of value that you own that can be converted into cash. Examples include:

  • Investments
  • Bank and brokerage accounts
  • Retirement funds
  • Real estate
  • Personal property: vehicles, jewellery and collectables.
  • Cash

Your...

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