LIABILITIES VS ASSETS 🤷🏽‍♀️

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#richmindset #millionaire #millionairemindset #passiveicome #extraincome #makingmoney #makemoneyfromhome #firsttimehomebuyer #buyingahouse #propertycoach #houses #housetips
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Mortgage is a liability = it's the banks Asset. Robert kiyosaki Explains it better 💯

BobHolyoake
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A car you‘ve bought with your own money is not a liability but an asset that depreciates in value.

jorgdirbach
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And that's how housing crisis is created!
Thank you, madame!

petrbrzon
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If you buy a car or van and it belongs to your business it’s a depreciation on your tax bill, correct me if I’m wrong,

youtubeman
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What happens when you buy a commercial on a mortgage, after the lease runs out, hoping to renegotiate the lease, what happens if they do not renew and the property stands empty for 6 months or more, this is where you start losing

chrisanstis
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Gregg's sausage roll is an asset.

petergriffin
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rich ppl telling me to just buy properties as if I was shitting money 🤡

hagen
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and with your surplus money buy BITCOIN !!!

ImperialMisano
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That’s not the best way of putting it.

Asset - put money into your pocket each month

Liabilities - take money from your pocket each month.

Example - if you buy a car, it’s a liability, it will take say £400 a month from your pocket

If you buy a car and it’s a taxi, it might cost you £800 per month but provide £2000 per month in earnings.
The car is an asset

leebedford
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It's not an asset with the freckin extortionate interest rates and and if the camper saves you money then it's an asset.

markfarminer