Grow your assets - Deepstash

Grow your assets

Understand the difference between an asset and a liability; and grow your income-generating assets' column.

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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...

Net Worth = Assets - Liabilities

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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