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!

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#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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Practical Wisdom – Interesting Ideas

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.

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