Assets vs Liabilities and how to generate assets |
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Assets are things that put money in your pocket. Liabilities take money out of your pocket. Sounds simple enough, right? In this video, I’m going to explain to you exactly what assets are, as well as the difference between assets and liabilities, and how you can acquire assets.
I’m also going to debunk a couple of common misconceptions about assets (a home is not an asset, nor is a car) and provide a bunch of examples of assets you can purchase. Enjoy! Try Audible and Get Two Free Audiobooks: https://amzn.to/2GznQSr #asset #liability #personalfinance Timestamp (00:33) The Difference (00:55) Is a House An Asset? (01:47) Is A Car An Asset? (02:43) Difference Between Tangible and Intangible Assets (03:09) Financial VS Real Assets (04:26) The Mother Of All Assets (05:17) 2 Ways To Make Money With Stocks (06:32) How Do You Acquire Stocks (07:00) Real Estate (09:05) Is Knowledge an Asset? Popular Videos: How to make money work for you https://www.youtube.com/watch?v=CWqOSpYz3F4 10 money secrets you won’t learn in school https://www.youtube.com/watch?v=QHi2YzUo3fE 10 Legit Ways To Make Money And Passive Income Online - How To Make Money Online - https://www.youtube.com/watch?v=EAj0ZsYcHkQ Trick Yourself To Save More | How To Be Good With Money - https://www.youtube.com/watch?v=fXtY7cOC7P8 THE HIDDEN SECRETS OF MONEY | 14 Laws of Money - https://www.youtube.com/watch?v=NlWKTqXdLlk Becoming a Millionaire: Compound Interest | How To Grow Money - https://www.youtube.com/watch?v=koKLMKzsZQM 8 Skills That Will Make You a Millionaire - How to Become Rich - https://www.youtube.com/watch?v=imrdpYbQJns 11 Rich People Habits You Need To Try - https://www.youtube.com/watch?v=lROnENDGEYc Think And Grow Rich 6 Best Lessons - https://www.youtube.com/watch?v=Q15R_16NXjQ 7 Steps to Become Financially Free And Live a Good Life - https://www.youtube.com/watch?v=Bl9SXiTWU_8 Financial Education | The 4 Rules Of Being Financially Literate - https://www.youtube.com/watch?v=q5JWp47z4bY Fake Rich vs Actually Rich | How To Tell The Difference - https://www.youtube.com/watch?v=SURU8r2o95w Build Unbreakable Self Discipline With These 5 Rules - https://www.youtube.com/watch?v=Ul0uQrFZNAs John D. Rockefeller's Top 8 Tips for people who want to be Rich - https://www.youtube.com/watch?v=_VElHmHdw3g Practical Wisdom – Interesting Ideas DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses. - The Audible link is an affiliate link meaning if you make a purchase using the link, I will receive a small commission at no extra charge to the buyer. |