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Assets Vs Liabilities Explained - With Examples! Simple Explanation, How The Rich Make Money
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Assets Vs Liabilities!
A very fundamental lesson in building wealth for the future and becoming financially independent. This short video explains the differences between an asset and a liability with a few examples.
We like things simple at Rich Money Tips so simply put, an asset is something that puts money into your pocket whereas a liability is something that takes money out of your pocket.
Most people tend to have few assets and lots of liabilities, we are here to educate and explain how you can change things around and get assets working for you and even paying for your lifestyle.
We will cover these topics more in depth in a later video, enjoy the overview of these concepts taught by Robert Kiyosaki in his book Rich Dad Poor Dad. A very good read for those looking to become better educated!
If you found this video helpful or find value in what we do, we appreciate all your support by liking the video and subscribing to our channel which helps us record more videos like this, for you!
Subscribe to the channel to make sure you get notified of the updates and see how we are getting on!
0:00 Intro
0:39 What Is An Asset & Liability?
1:30 Examples Of Assets & Liabilities
3:11 What Assets & Liabilities Do You Have?
A very fundamental lesson in building wealth for the future and becoming financially independent. This short video explains the differences between an asset and a liability with a few examples.
We like things simple at Rich Money Tips so simply put, an asset is something that puts money into your pocket whereas a liability is something that takes money out of your pocket.
Most people tend to have few assets and lots of liabilities, we are here to educate and explain how you can change things around and get assets working for you and even paying for your lifestyle.
We will cover these topics more in depth in a later video, enjoy the overview of these concepts taught by Robert Kiyosaki in his book Rich Dad Poor Dad. A very good read for those looking to become better educated!
If you found this video helpful or find value in what we do, we appreciate all your support by liking the video and subscribing to our channel which helps us record more videos like this, for you!
Subscribe to the channel to make sure you get notified of the updates and see how we are getting on!
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3:11 What Assets & Liabilities Do You Have?
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