Asset Vs Liability - Deepstash

Asset Vs Liability

  • Assets is something which puts money in your pocket.
  • Liability is something which takes money out of your pocket
  • Rich people focus on building thier asset colum and minimizing their liabilities

6

14 reads

Similar ideas to Asset Vs Liability

Assets And Liabilities

A liability takes money out of your pocket.

An asset increases the value of your money.

The cash flow patterns of poor, middle-class, and rich people differ based on their assets and liabilities.

Income Sheet:

Income: Money earned from various sources.

Expenses: Mone...

Key lessons for becoming a "Rich Dad"

According to Kiyosaki in his book "Poor Dad, Rich Dad", rich people do certain things poor people don't:

  1. The rich buy assets (things that generate revenue like bonds), not liabilities (things that cost money like rent).
  2. The rich be...

Rich Vs Wealthy

  • Being rich is having the ability to spend lots of money now
  • Being wealthy is accumulating assets that allow to you preserve your money for use in the future.

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates