Assets Versus Liabilities

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What's an asset? What's a liability? Is your house an asset? What about your car?

In this video, we answer these questions, give you real-life examples, and share the key rule to follow when it comes to liabilities.

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WHO ARE WE?

We are Katie and Alan Donegan, and we reached financial independence in 2019 at the ages of 35 and 40 respectively. Now we have the freedom to spend our time doing whatever we want. When we're not spending our time travelling the world doing cool things with cool people, we love helping people to improve their finances and create extraordinary lives.


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We are not financial advisers
This is not financial advice
We are not regulated
We are not trained financial advisors
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You make your decisions
We are sharing our opinions and ideas
These ideas may not continue to work for us or for you
You are 100% responsible for your financial future
There are no guarantees here

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☺Buy nether if you can, a home is a great liability that will drain you for years to come. We own two cars, and this is a liability.

FrankGerlackMrG