Liability X Investment

Guys! Did you know? You are stucked with something that holds you more to become poor and less of this $? And ain't noticing that you've been doing the wrong choice? You're thinking that, you've made it into another level because you have this and you have that?

Well, guys! I came across on a video on YouTube about teachings how to properly invest your money. This is not a financial advice, but I know this would help you understand a little bit of dealing with this matter.

Disclaimer: Photos are taken from google and are edited on picsart.

Alright! So let's start with the liability. What is it?

A liability is something a person or company owes, usually a sum of money. Liabilities are settled over time through the transfer of economic benefits including money, goods, or services. Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses.

Source: https://www.investopedia.com/terms/l/liability.asp

Well, it's more on debts right? Or even things that you acquire which is not an asset or an investment. Spending your money for things you want is what we called liabilities.

For example loaning a car for yourself pleasure, is a liability. Building huge houses out of your money, without making money out of it. Buying expensive gadget over needs. You may boast on it, but is it making money? Well, no... Not unless you make it as a business. Like house for rent, a car for bussiness.

You stucked at it right? Mostly people tend to think that they're getting better. Because they had the latest thing, wherein actually they're not. It's dragging you down. Until such time you're going to sell it because you need money. Then the second hand markets would always be 50% to 30% less priced than the brand new one.

So in this case, you will lost a lot of money.

- The larger your house, the more your life is in trouble.

Well, it's okay to have a decent house if you had a stable income from an investment, that would surely make you boom. But, if it came from your daily wage, naahhh better stop it. Find a way to roll out your money first.

Investment = Extra income

What is it? An investment is an asset or item acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the value of an asset over time. When an individual purchases a good as an investment, the intent is not to consume the good but rather to use it in the future to create wealth.

Source: https://www.investopedia.com/terms/i/investment.asp

There's really a huge difference between the two of em.

"Make something out of your money or Make money out of something"

-Vincent21

Well, it's really a good idea to spend your money where you are going to obtain a significant profit in the future. This is what we called an investment.

Though we millenials could invest our money in cryptos, could be! If you're an expert trader why not? But still it's like gambling.. Predicting the future pumping or increasing of a coin, is kinda crazy... You could loss or gain. Well, I am not making you down not to invest in cryptos, it's a great idea too! much more when you're really good at it.

We all know that investment will take a lot of time, you can't get it easily just by the next day. It takes months or probably years! But, if you invest it right on something, it would surely be profitable in the future. Just be patient my friend.

Things you can do:

Raise mother pig and sell it's piglets. (Profitable) 2022's piglet price rose up 25% in the last 2019. From php 2500 up to 3000-3,500php depending on the breed of your asset.

Build a minimart/ sari-sari store

Build an eatery - (depending on the place)

As long as you're earning from it without losing the capital or asset is an investment. Just wait and it will grow time by time. You can add more of your asset if you want a faster growth of money.

Application: Now I'm about to raise a mother pig, I already paid for it and it will be released next week from it's cage. I'm excited.