What Are You Doing To Avoid The Trap!!!

Before beginning…😏😏.. I wanted to ask you found the answer to my previous question, “What are you doing to avoid the rat race…😓😓……”, If you haven’t found a solution.....😢😢..  or perhaps you prefer to follow the obsolete advice giving to us by our parents…😩😩😩..

You see the rat race is quite avoidable but requires a certain amount of personal discipline & financial intelligence…😌😌…..this why I recommend the “Book Rich Dad Poor Dad”…….. You see the trick here is simple that is to know the difference between assets and liabilities……..

So what Is An Asset? For the definition no one put it better than Rich Dad who said an asset is something which puts money in your pocket...😁😁... What of a liability? This is the vice- versa of the first definition…..which is it takes money out of your pocket..😭😭..

You may be thinking this is easy...😁😁.... all I need to know is the difference and use it to my advantage…😈😈….this is where the problem comes in …😓😓….Now I bet you if you ask your banker what he classifies as asset he will say your house or your car…….you see these things are asset only when you rent or sell them……😕😕…..Why? ...... Because they take money out of your pocket making them a liability….no matter…..the way you look at it......

So what point am I driving at?……….. You see the knowing the difference between an asset and a liability can save you from making a financial mistake…😨😨..which would trap you in the rat race……..

Here is a little task I want you to do based on the definition of an asset I want you just consider all those opportunities suggested to you by friends, family your bank or anyone and see if you can fit them into the category of an asset or a liability.

To be continued……….


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