[JASPREET]

For that, we need to figure out what are our Liabilities and what are our assets. So assets are those from which we can expect some income for example Land and Buildings and Liabilities are Tv, Car as we cannot expect to make money from these so we need to figure out this first and try to spend less on liabilities and more on Assets and if we can't do that then we won't be able to make or save money.

[oldbuddy]

For that, we need to figure out what are our Liabilities and what are our assets. So assets are those from which we can expect some income for example Land and Buildings and Liabilities are Tv, Car as we cannot expect to make money from these so we need to figure out this first and try to spend less on liabilities and more on Assets and if we can't do that then we won't be able to make or save money.

Unless you open up a new stream of income to cover the shortfall.

[Vehlijanta]

Yes these are liabilities but owning a car is important as otherwise we need to commute via taxi or bus or otherwise

[augusta]

I have known this for a long time now so I have always try to spend more on assets as I can get back my money in the future

[Vehlijanta]

There are things which are considered liabilities and are still important for us and Television, Car are all are in this category

[Real ekom]

When it comes to liabilities I don't see things like televisions, radio or car as one, because these things acts as information mediums to us.
Liabilities are those things that can't make any important impact in our lives.

[augusta]

That's just the truth no need wasting money on things that are not valuable spend more time on buying assets

[Vehlijanta]

The only thing we can do is to not spend money on these all the time like many people go for a TV in every room

[augusta]

Yeah avoid wasting money on anything that will bring more expenses to you

[Nsikan]

Anything that I am not sure would bring a direct financial benfit to me is not worth investing in. I buy phones looking at how much the phone would make me.

[Treborika]

This is called the basics of economics. ln life l am really struggling to have more assets than the liabilities.

[eldavis]

For this to happen, one needs to know the difference between their liabilities and assets. Once you have been able to know the difference you can easily know what to invest in.

[nela13]

Saying it in a very clear way: Assets put money in your pocket while liabilities take money out!

[Xynehappy]

That's the truth of the matter. Liabilities draws out one's money.

[Nsikan]

If you are dating a anyone who is a liability rather than an asset, you need to cut the person off? Just asking literally.

[Pistis]

It is very essential to examine if the things we chase with our money are liabilities or assets.

[SHAHID987]

Yes, I agree with this concept but sometime we need to invest some money on our liabilities too, and it remain basically for our benefits. As if I won't spend in tuning of my car then it won't run more.

[Nsikan]

Yes, I agree with this concept but sometime we need to invest some money on our liabilities too, and it remain basically for our benefits. As if I won't spend in tuning of my car then it won't run more.

Any amount of money you invest in liability is a waste. You can put money on liabilities if you want to waste money.

[Tinni]

Yes these are liabilities but owning a car is important as otherwise we need to commute via taxi or bus or otherwise

A car would be an asset if it helps you in your hustle or helps you save money. Some people are spending money on things that don't contribute a dime to their present and future.

[SHAHID987]

Unnecessary expenses always hit us badly, for the time being we think that we are doing well. But it remain on the way of making habit, and once it becomes habit then we remain nowhere.