Assets vs Liabilities and how to generate assets

Assets are things that put money in your pocket. Liabilities take money out of your pocket. Sounds simple enough, right? In this video, I’m going to explain to you exactly what assets are, as well as the difference between assets and liabilities, and how you can acquire assets.

I’m also going to debunk a couple of common misconceptions about assets (a home is not an asset, nor is a car) and provide a bunch of examples of assets you can purchase. Enjoy!

#asset #liability #personalfinance

Timestamp
(00:33) The Difference
(00:55) Is a House An Asset?
(01:47) Is A Car An Asset?
(02:43) Difference Between Tangible and Intangible Assets
(03:09) Financial VS Real Assets
(04:26) The Mother Of All Assets
(05:17) 2 Ways To Make Money With Stocks
(06:32) How Do You Acquire Stocks
(07:00) Real Estate
(09:05) Is Knowledge an Asset?

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DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.
- The Audible link is an affiliate link meaning if you make a purchase using the link, I will receive a small commission at no extra charge to the buyer.

[PracticalWisdom]

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[actuallybusiness]

*every family has a person who breaks the chain of poverty. I hope you will be that person!*

[KiyosakiSays]

“Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.” - Robert Kiyosaki

[ChristopherAbelman]

With Market tumbling, Inflation Soaring, Is the stock market actually getting better or could this be the regular new year market manipulation to entice new investors? I'm currently sitting on $500k inheritance and just wondering what better assets than stocks to invest in right now

[Americanpatriot]

The investment you choose isn't right or wrong, just depends on the kind of business person you are or simply the kind of person you are. However, the end game is investing money long term creates wealth every time. Just pick what you like and understand, invest and it will pay off. A lifetime of investing for 5 mil is not hard to accrue.

[benjamindavidson]

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

[Raymondjohn]

The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. $52k dividends received in 2022.

[PatrickLloyd-]

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

[GrahamCan]

To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?

[Jakekhalid]

I can't believe how much our lives have changed since meeting Rodger Michael Karl. He's helped us become debt-free and save for retirement." I made over 220K during this dip, which made it clear there's more to the market than we average joes know. Having an investment adviser is currently the best course of action, especially for those who are close to retirement

[elenagomez]

Just started learning about stocks.. This is by far the best I've seen. Glad I saw this and I do not want to make mistakes by taking risks in my own hands

[danieldpa]

If I have a paid off property and don’t need to pay rent - it’s an asset as it reduces costs. It’s not only about earning more but also it’s about paying less.

[greysonrobert]

Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works

[robertah]

Such a helpful breakdown of stocks, thank you!

[maudzion]

*No 1: Don't Only Hope On Government Responds On Security Matters And Economy Growth, *

*No 2: As An individual, You Should Be Safeguarded And Also Look For Different Self Business And Trade Not Only Waiting On Betterment Of Stock Market Activities, *

*No 3: Most Important Always Save The Little You Can And Think Of What To Do With It When It Becomes Good For Capital, *

*Because Government Have Failed Us In Aspect Of Security, Economic Activities And Other Trading Systems.*

[WisdomWealth]

Invest in yourself, this will help you attain more assets. 🙏

[hollowelljeff]

Diversifying into multiple assets maximized my profits for me, and also getting a proper management for my investments helped too. My weekly profits increased to over $30, 000 weekly when I started investing in dividend stocks, index funds, REITS, cryptocurrencies, etfs and stocks From various sectors.

[y.swedi]

Congratulations! You've earned another subscriber. Great video

[Trausel]

Totally agree that assets are more than just numbers on a balance sheet! They're like the secret sauce that can boost a company's revenue, give it a competitive edge, and help it stay nimble in this fast-changing economy. Really shows how smart asset management is key to success.

[floryzavalza]

OMG, I can't believe it. you make me understand. thank you 🙏🙏🙏