Episode 1242

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Published on:

8th May 2024

Assets vs Liabilities

An asset is something that generates money while a liability costs money. While that’s not the accounting definition, this thinking suits our message today. Rich people tend to invest their money while poor people put their money into things that they think are assets, but end up being liabilities (like houses). So put your resources into things that will get you additional resources.

From Heaven To Hell by Frank Schröter

Link: https://filmmusic.io/song/7827-from-heaven-to-hell

License: https://filmmusic.io/standard-license


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Contact Michael Whitehouse at michael@guywhoknowsaguy.com

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Michael Whitehouse