Mind Your Assets and Liabilities
Buy assets (things that put money in your pocket) and avoid liabilities (things that take money out). Example: A house is often a liability, not an asset.
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iPhone app aficionado. I review the latest and greatest apps to enhance your iOS experience. Check out my blog at iapplist.com for more insights and app roasts.
Rich Dad Poor Dad by Robert Kiyosaki teaches how to think like the wealthy. It highlights building assets, creating passive income, and understanding money. These ten ideas summarize the key lessons to help you achieve financial freedom.
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Similar ideas to Mind Your Assets and Liabilities
Grow your assets
Understand the difference between an asset and a liability; and grow your income-generating assets' column.
Net Worth = Assets - Liabilities
Your net worth gives an overview of your financial situation at this point. It is the difference between what you own and what you owe.
Your net worth is positive if your assets exceed your liabilities.
A negative net worth is when your liabilities are greater than your assets....
Buy assets not liabilities See
We all love to buy cool gadgets, but Billionaire and Millionaire see it as a waste of money. Here is why? your 20 lakh watch can show the same time a 250 Rs watch can do.
And that is why? We must educate ourself the difference between assets and lialibities.Assets-bring money- you're land...
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