Understanding Assets and Liabilities to create wealth

Understanding The Assets and Liabilities:

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Most of the biggest financial problems most people have is not understanding what an asset is and a liability. The other problem most people are calling things that are liabilities and assets. This type of language shows the lack of financial education which isn’t taught in our schools. Understanding how money works and how money can work for you instead of you working for money.  In the video below Robert Kiyosaki Talks about everything

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Assets vs Liabilities difference between assets and liabilities is that assets provide a future economic benefit, while liabilities present a future. In Last Sundays Fb live Show, I talk about this on how it can benefit you by understanding the difference Click the above photo to see the video.

Here are a few Major items to consider as Assets

  • Owning a Business
  • Real-Estate
  • Investments that pay you Monthly cash-flow
Here what some consider Assets but in Truth are liabilities
  • Home/Mortage
  • Car/Automobile
  • Job/Employment
Most will disagree with me with Home and Job. Here why I say these two are liabilities.
Homes are liabilities because they take money from your pocket. Now, Who its an asset for is the Bank or the Mortage Company that owns your Loan. A video I made in 2017 showing the difference in Assets and labilities click
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