If we want to be successful and rich, we most know the difference between assets and liabilities. It is rule number one and it is the only rule. This may look very simple, but many people don't have the idea of how important this rule is. Many people struggle financially because they can't differentiate the different between an asset and a liability.
What most rich people do is to always acquire assets. The poor and middle class think they acquire assets but they ended up with a liabilities. In my own view, the house you want to be living is not an asset.
An asset always put money in your account/ savings while a liability always take money from account/savings.
Thanks for reading and stay tuned for more. Your feedbacks and contributions are appreciated.
https://www.uptrennd.com/post-detail/assets-vs-liabilities~Njk2MjU0
So true,you just spoke fact you are on point. When you save money is usually scarce