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Rich Dad Poor Dad: Assets vs. Liabilities
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Rich Dad Poor Dad is a popular book on financial literacy written by Robert Kiyosaki. In this book, Robert Kiyosaki emphasizes the importance of financial education in wealth building. Effective management of assets and spending less on liabilities is essential in achieving financial freedom.
In this video, you’ll learn the difference between assets and liabilities from Rich Dad Poor Dad. Understanding these financial concepts can help you grow your wealth.
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“Assets are sources of income, such as businesses, real estate, stocks, and bonds, which provide a stable revenue stream. On the other hand, liabilities are expenses that require you to spend money, such as car loans, restaurant meals, vacations, and subscriptions. However, there are instances where people may need to invest their money in something before selling it at a higher price. Such investments are still considered assets since they can yield a profit when sold for more than the initial cost.”
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00:00 - Intro
1:08 - What is an Asset
2:23 - What is a Liability
3:04 - Rich vs Poor
4:02 - Outro
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Thank you very much. We hope to see you in our next video and help you improve your finances. Cheers!
You must not rely on the information on Money Opulence channel as an alternative to advice from a certified public accountant or licensed financial planner. There is no accountant-client relationship created from the publication of financial information on this website. Thus, there is no contract of any form that binds this channel and its users.
In this video, you’ll learn the difference between assets and liabilities from Rich Dad Poor Dad. Understanding these financial concepts can help you grow your wealth.
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
“Assets are sources of income, such as businesses, real estate, stocks, and bonds, which provide a stable revenue stream. On the other hand, liabilities are expenses that require you to spend money, such as car loans, restaurant meals, vacations, and subscriptions. However, there are instances where people may need to invest their money in something before selling it at a higher price. Such investments are still considered assets since they can yield a profit when sold for more than the initial cost.”
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
00:00 - Intro
1:08 - What is an Asset
2:23 - What is a Liability
3:04 - Rich vs Poor
4:02 - Outro
Please don't forget to SUBSCRIBE to our channel and press (🔔) to stay updated with new uploads. ✨
To keep thing channel going, please:
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
👍 Like the video
🔗 Share the video
💬 And leave a comment
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
📱Stay Tuned On Money Opulence Social Media :
🎬SUGGESTED VIDEOS
Don't forget to watch 📽 Money Opulence's other videos. Please check them out:
Thank you very much. We hope to see you in our next video and help you improve your finances. Cheers!
You must not rely on the information on Money Opulence channel as an alternative to advice from a certified public accountant or licensed financial planner. There is no accountant-client relationship created from the publication of financial information on this website. Thus, there is no contract of any form that binds this channel and its users.
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