Assets vs Liabilities and how to generate assets

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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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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.

Опубликовано:

16 июн 2024

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Комментарии : 657

@PracticalWisdom Год назад

Enjoyed the video? Join this channel to get access to My Personal Finance Course: ru-vid.com/show-UCYyqGqI-bpzGpo5DBtUcJQAjoin

@actuallybusiness1622 3 года назад

*every family has a person who breaks the chain of poverty. I hope you will be that person!*

@varietywithnandy 3 года назад

I receive it

@Papi_21 3 года назад

Not every family

@jimmyjackson290 3 года назад

Hopefully thank you!!

@astronomer8775 3 года назад

hopefully very soon

@jacobmaybe2449 3 года назад

@@Papi_21 Maybe that's the sign it's meant to be you. NO EXCUSES.

@KiyosakiSays Год назад

“Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.” - Robert Kiyosaki

@penguingobrrbrr353 10 месяцев назад

You know whats funny?. I see everyday new Mercedes/bmws/audis that are in the range of 60-125k. I dont believe everyone that drives these cars are millionaires also. As a person with good finances i honestly would rent that expensive car for just a month and enjoy the car then just go on. I would honestly would buy a car in the range of 5-15k. These cars are much cheaper and if its in good condition it can save up a lot of money. What is 5-15k if you are net worth millionaire,right?

@NazriB 9 месяцев назад

Lies again? Get Anal Believe In Allah

@rasulsamad5860 7 месяцев назад

Especially a regular person

@Americanpatriot723 11 месяцев назад

The investment you choose isn't right or wrong, just depends on the kind of business person you are or simply the kind of person you are. However, the end game is investing money long term creates wealth every time. Just pick what you like and understand, invest and it will pay off. A lifetime of investing for 5 mil is not hard to accrue.

@CynthiaByrd648 11 месяцев назад

I love getting paid to hold an asset, especially while it grows in value. One of my favorite ways to do that is by holding dividend paying stocks. Nothing like a dividend etf to give you diversification AND income! Gotta love it. $40,000 of passive income made so far in 2023.

@sommersalt88 11 месяцев назад

Could anyone suggest some monthly investment options? I'm looking to supplement my income from work with a little extra cash each month from investments, in addition to my long-term investments.

@MIchaelGuzman737 11 месяцев назад

Bear and bull markets offer great opportunities. I used to discredit people who made money in bear markets until I did it myself. The US stock market is currently experiencing a long bearish season but if you zoom out it's actually a bull run as the market always comes around, so it's understandable that people are panicking. However, there are opportunities if you know where to look. With the help of an investment advisor, I made over $75k in profit so far this year.

@sommersalt88 11 месяцев назад

@@MIchaelGuzman737 I'm glad I stumbled across this discussion. If you don't mind, could you tell me how to reach this financial adviser who helps you with your investments?

@MIchaelGuzman737 11 месяцев назад

@@sommersalt88 I have "Jill Marie Carroll" as my investment advisor. She has a solid reputation in her field and is a true genius when it comes to diversified portfolios, which help portfolios be less vulnerable to market downturns. She may be a name you are already familiar with; a Newsweek piece helped me to do so. She's a Google-able person.

@christopherpaul5 10 месяцев назад

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

@ScottArmstrong12 10 месяцев назад

One strategy for protecting against a recession is to buy equities. Investors, especially during a recession, need to know where and how to put money in order to make money while avoiding inflation.

@LukeMcfarlane5 10 месяцев назад

It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.

@ritalorrigan 10 месяцев назад

Working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out is a wonderful way to get started and thats how i was able to accrued good gains . They helps to manage investment overall risk profile , prevent permanent loss of capital consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal

@DaleHorne8 10 месяцев назад

@@ritalorrigan please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

@ritalorrigan 10 месяцев назад

@@DaleHorne8 Dawn Maureen Humphrey is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@Raymondjohn2 11 месяцев назад

The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. $52k dividends received in 2022.

@hermanramos7092 11 месяцев назад

I agree! That's why it is advisable that you have to invest while you still have a regular job or earning a regular income, and do it constantly. You still need to have something that will keep you going even if you're investing. Good financial planning and money allocation is the key.

@martingiavarini 11 месяцев назад

I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured some money in value stocks and digital assets,i accrued over $80K in dividends last year

@Oly_laura 11 месяцев назад

@@martingiavarini I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?

@martingiavarini 11 месяцев назад

@@Oly_laura I have “Catherine Morrison Evans” as my investment advisor. She has a solid reputation in her field and is a true genius when it comes to diversified portfolios, which help portfolios be less vulnerable to market downturns. She may be a name you are already familiar with; a Newsweek piece helped me to do so. You can search her on google

@Oly_laura 11 месяцев назад

@@martingiavarini She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

@PatrickLloyd- 7 месяцев назад

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

@Nernst96 7 месяцев назад

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

@PhilipDunk 7 месяцев назад

I agree, having a brokerage advisor for inveesting is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.

@PatrickLloyd- 3 месяца назад

Who’s your CFP??

@PhilipDunk 3 месяца назад

Amber Dawn Brummit is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@PatrickLloyd- 3 месяца назад

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

@WisdomWealth77 3 года назад

Invest in yourself, this will help you attain more assets. 🙏

@iraavni5413 3 года назад

I must say I'm very happy today! Seeing a profit of $2k, feels like I won the NBA finals 🥂

@danyloyegor6311 3 года назад

Wow, that's cool. I have been looking to start investing. recently watching self tutorial videos on RU-vid. Can you share some tips to start investing for a newbie

@iraavni5413 3 года назад

@Belle Darcy Solid advise. I stand with Everything you've said on here!

@iraavni5413 3 года назад

@Dan Lok Stock trading is the way to make good profits Investing.

@danyloyegor6311 3 года назад

That's a great idea ✨

@tomaszcz_k Год назад

I can't believe how much our lives have changed since meeting Rodger Michael Karl. He's helped us become debt-free and save for retirement." I made over 220K during this dip, which made it clear there's more to the market than we average joes know. Having an investment adviser is currently the best course of action, especially for those who are close to retirement .....

@Windarti30 Год назад

The financial markets are full with opportunities, but I've learned a lot over the past few years to doubt that. The key is knowing where to focus. Well appreciated, Rodger Michael Karl.

@WiolciaMrozowska531 Год назад

Having a good instructor is fundamental for portfolio broadening. Rodger Michael Karl has always been that FA who is effectively accessible and has broad information on the monetary business sectors.

@AnnaFed015 Год назад

I just discovered his outstanding resume when I searched for his name on Google. I count it a blessing that I came across this comment section.

@stanleyzac1648 Год назад

if you ask me what is special about Rodger Michael Karl compared to the other traders I have worked with in the past, Rodger Michael Karl has numerous great features, simple, easy, and reliable signals and analysis.

@GrahamCan Год назад

To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?

@suziehovic Год назад

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

@cyrilmilton Год назад

Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just 19k USD short of half a million in profit.

@cyrilmilton Год назад

My advisor is Olivia Maria Lucas. In terms of portfolio diversity, she's a the ONE. You can look her name up on the internet and verify her yourself. she has years of financial market experience plus she is also FINRA & SEC verifiable.

@mykreid Год назад

Olivia Maria Lucas really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her

@robertah2353 Год назад

Such a helpful breakdown of stocks, thank you!

@badhabit714 3 года назад

This is one of the best channels on RU-vid.

@Trausel Месяц назад

Totally agree that assets are more than just numbers on a balance sheet! They're like the secret sauce that can boost a company's revenue, give it a competitive edge, and help it stay nimble in this fast-changing economy. Really shows how smart asset management is key to success.

@elenagomez9890 3 года назад

Just started learning about stocks.. This is by far the best I've seen. Glad I saw this and I do not want to make mistakes by taking risks in my own hands

@christinadixon6974 3 года назад

Most people especially newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering.

@emilyfranklin8190 3 года назад

Wow finally someone that can actually teach you something instead of trying to get views and subscribers

@claraclouse9086 3 года назад

I’ve been using a coach-(Freda Lynn Johnson) since March 2020, and through her guidance, I've been able to make approx. $24,000 in dividends on a monthly basis . It is pretty straightforward, not as complicated as it used to be.

@sashadubois4005 3 года назад

@@claraclouse9086 Wow impressive! How could someone go about getting investment guidance from a coach like that. Would you mind sharing your coach's Info?

@claraclouse9086 3 года назад

@@sashadubois4005 She's on the web. Just look up her name Freda Lynn Johnson .

@maudzion9639 3 года назад

*No 1: Don't Only Hope On Government Responds On Security Matters And Economy Growth,* *No 2: As An individual, You Should Be Safeguarded And Also Look For Different Self Business And Trade Not Only Waiting On Betterment Of Stock Market Activities,* *No 3: Most Important Always Save The Little You Can And Think Of What To Do With It When It Becomes Good For Capital,* *Because Government Have Failed Us In Aspect Of Security, Economic Activities And Other Trading Systems.*

@paulaflyde1566 3 года назад

Yes! For real It is very important to have different streams of income and a diversified portfolio as for me I have already invested in crypto which is very profitable and easy to gain

@benevans5201 3 года назад

Exactly I'm also happy to start investing too than to have my money sleeping in bank

@gracelizzy4245 3 года назад

Stocks are good but we have to make the right plans

@priscillafloxy8867 3 года назад

Yes Stocks are good but they are a lot of businesses more convenient than stocks

@emmanuelgray1110 3 года назад

That’s the fact well I only invested in stocks and will love to know a better investment too

@WealthbuilderzTV 3 года назад

Thanks for the tips and consistency of your message.

@floryzavalza5620 Год назад

OMG, I can't believe it. you make me understand. thank you 🙏🙏🙏

@danieldpa8484 Год назад

If I have a paid off property and don’t need to pay rent - it’s an asset as it reduces costs. It’s not only about earning more but also it’s about paying less.

@rickyturner. 6 месяцев назад

Pretty sure it’d still be a liability since you still have upkeep costs

@duro123 10 месяцев назад

The house you live in becomes an asset when compared to renting quick. Rent doesn't give you money back when filing taxes. Don't listen to those that try to sell you the idea that renting is better.

@yohanaswedi7642 Год назад

Congratulations! You've earned another subscriber. Great video

@TrayLittle 2 года назад

Amazing thank you!

@greysonrobert9246 3 года назад

Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works

@paulinajordan9047 3 года назад

I totally agree with you, the stock market is the most profitable venture I ever invested in, I reached my goal of $500k yearly trade earnings. Setting realistic goals is an essential part of trading

@beckansmith5224 3 года назад

@@paulinajordan9047 Your right . Ever since I started investing in stock I've had a very good life

@andrewpeter6783 3 года назад

Having a stable investment package keeps you financially stable!

@jamesmorgan7066 3 года назад

@@beckansmith5224 the stock market is a vast platform to invest in. It's very profitable especially when you've got a trusted professional to assist you

@harperauston3716 3 года назад

I'm interested in this stock market but I don't know how to come about it . Any advice ??

@hollowelljeff2242 Год назад

Diversifying into multiple assets maximized my profits for me, and also getting a proper management for my investments helped too. My weekly profits increased to over $30,000 weekly when I started investing in dividend stocks, index funds, REITS, cryptocurrencies, etfs and stocks From various sectors.

@peterwyden9158 Год назад

Your portfolio is properly diversified and it’s definitely going to withstand Volatility.

@user-od3gr3mn6u Год назад

Diversification is definitely key, Investing means long term, it means exposing your funds into different asset classes and not just cash but rather inflation beating asset classes. It's a process and it takes patience.

@hollowelljeff2242 Год назад

@@user-od3gr3mn6u a lot of patience and discipline too. it's not as easy as it sounds, but i'm learning everyday.

@mrberhalter191 Год назад

@@hollowelljeff2242 I’ve been investing in stocks and cryptocurrencies as well, but it’s been very challenging to manage my investments, how did you get it right in that aspect?

@hollowelljeff2242 Год назад

I’m very intentional when it comes to managing my investments, I prefer to work with financial experts and advisers, currently William Stanley PJ is managing my portfolio and he has been very tremendous to my investment growth.

@makemoneyonline9207 3 года назад

Great video this is the type of video I want

@muruganr4517 9 месяцев назад

Fantastic brief guide

@JoseFlores-xh5cj 3 года назад

Just something I consider important on Dividend Stocks and REITS that wasn't mentioned. With Dividend stocks, after 60 days of owning that stock, they become part of a special tax bracket that determines how much tax you pay on dividend gains. Commonly if your tax rate is $40,000 or less you pay no tax on dividends. As for REITS, they just fall as income and are taxed at your regular tax rate no matter how long you owned the stocks.

@Malitubee 8 месяцев назад

Thank you so much for this. I had no idea. I’m fairly new and still learning the game

@lindanorris3226 3 года назад

THANK YOU SO MUCH FOR SHARING US 😇💫🌎

@dr.thaliaw9881 3 года назад

Me too, I love that voice!!! As always, thanks for the free practical wisdom!!!!!!🌟

@shrimandashputre1332 3 года назад

Good going bro... Very simplistic explanation, keep motivate us...👍

@ilarionkolasnik5156 Год назад

I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?

@dmitrybublik641 Год назад

Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade

@domorrison9826 Год назад

I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mrs Karen Charles

@surenazorian7595 Год назад

@Sonny Widjaja You don't need to be shock because I'm also a huge beneficiary of expert Mrs Karen

@graceharper312 Год назад

Here in Canada Expert Mrs Karen Charles carries out the both orientation and mentorship potentials

@andrews5880 Год назад

I stumbled upon one of her clients testimonies and decided to try her out...I'm Expecting my third cashout in 2days

@tonycocchiara7445 10 месяцев назад

Brilliant video thanks so much

@piusm.d8272 10 месяцев назад

Excellent Analysis

@betod3113 2 года назад

I like assets no more liabilitys for me am glad I finally opened my eyes towards that..

@islandsfuldkorn 2 года назад

An asset is anything that represents value to a person or a business. A liability is an obligation to pay. A car, a house, a jacket, a computer, an iphone are all assets. If you take out loans to pay for those things, than that is a liability, because a loan or a mortgage is an obligation to pay. But the thing itself, that you finance or get a loan for, that thing is an asset.

@godfriedchiluba897 2 года назад

I've learnt a lot thanks

@JanithWickramage Год назад

So valuble ...alot to learn ❤️

@abuahmed6058 2 года назад

Very useful ,thank you 👍 .

@The_arab_cat Год назад

Helps a lot! thx

@nancieiftihar7019 Год назад

I love how you broke down on stock market,,,I have heard it so many times but never understood how it work's

@valentinoshitaleni1233 Год назад

Thx for the explanation

@RossCampoli 3 года назад

Nice simple explainer! 👍👍

@kickinkanga7026 Год назад

I bought my house in cash... I can rent rooms out plus I no longer pay rent ... I consider my home asset it has also gone up in resale value...

@user-zr4bw5ce5g 3 года назад

Great video 👍

@amiraboodi2075 Год назад

Thank you very much.

@SimpleLifeSG 3 года назад

Most people do not know this basic financial knowledge as they are not taught in school.

@kjthomas4553 3 года назад

True

@saidjonkurbonov540 2 года назад

++++

@elisandrochavez6950 5 месяцев назад

Thank You for this vídeo 👏🤝

@henrynoble7011 9 месяцев назад

Most people venture into crypto to be wealthy,meanwhile I just want to be debt free.

@RoyerAdames 3 года назад

thank you

@markdamascus7878 10 месяцев назад

When you invest, you're buying a day you don't have to work

@jeremygood3246 10 месяцев назад

Assets that can make you rich Bitcoin Stocks Real estate

@juanluis3652 2 года назад

Thanks 👍

@cynthiacooper-dyke290 3 года назад

*It's unfair on how things have turned up to be due to the recent world pandemic things has been so difficult* *We see complains here and there in social media from different people in different countries all around the world* *The government has less or no time for their people anymore* *I think we all should try to engage in different things to make money and stop hoping on the economy*

@khrisduncan4957 3 года назад

I have always believed in the Stock market and other Economics activities but Is really unfair that 2020 trading and the stock market is just tricky and unbelievable which is too bad now I rather invest my money only on bitcoin and gain more profit in return...

@linamagull1626 3 года назад

Yes sure Bitcoin trade is great unlike the stock market and another financial market, Bitcoin has no centralized location since it operates 24hour's in different parts of the world.

@frankjimmy3069 3 года назад

Bitcoin trading might make you rich if you are hedge found with deep pockets or an unusually skilled currency trader💸💸

@fortinwalker5038 3 года назад

After a successful investment, you have nothing to worry about whether the rise and fall of the economy or anything won't affect you and make your future brighter by making a good investment.

@laurabenkarth2637 3 года назад

@@fortinwalker5038 Exactly that's true if you have a good investor you have nothing to worry about.

@Aidenplayz817 2 года назад

i love this

@migueldegorostiza3532 2 года назад

Thank you!!!!!!!!

@djesaguilera 10 месяцев назад

Thanks!

@PracticalWisdom 9 месяцев назад

Thank you!

@entrepreneurking8162 3 года назад

Valuable information

@russell3260 3 года назад

Make a great dream by investing on a trade write me immediately for more enlightenment

@russell3260 3 года назад

*...W.h.a.t.s.A.p.p+1(7.4.0)(2.7.3)(2.9.9.6)*

@incognegro2315 9 месяцев назад

A house can be an asset if you pay it off, resale or rent it out.

@remigiusrilcoh1212 Год назад

very helpfull

@autumnwind1216 2 месяца назад

Thought this would provide examples of assets vs liabilities.

@positivitilending Год назад

"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." - Warren Buffett

@loriepla1096 3 года назад

I love the content just as how i love the voice behind. 😊😍

@badhabit714 3 года назад

You thirsty.

@BusinessVision. 3 года назад

@@badhabit714 🤣

@telesnhanombe539 3 года назад

Great content

@allancharity3570 Год назад

Thanks

@SmartMoneyAnimation 3 года назад

"Assets puts money in your pocket whether you work or not, and liabilities take money out of your pocket." Robert Kiyosaki

@shahrulamar5358 2 года назад

Rich Dad.

@DanielAsemota_ Год назад

Yeah

@getahunfikadu7926 Год назад

Car is an asset in developing counties like Ethiopia, the price of cars goes up all the time with a way higher rate greater than over all inflation rate.

@albzwanderlust7821 2 года назад

An asset is anything of value or a resource of value that can be converted into cash. Individuals, companies, and governments own assets. For a company, an asset might generate revenue, or a company might benefit in some way from owning or using the asset.

@nouuvall762 Год назад

*⁠\⁠0⁠/⁠*

@knucklehead83 Год назад

Exactly. I was hoping to read this in the comments. This point seems to be misrepresented frequently in the realm of financial influencers. If you buy a home, regardless of what you intend to do with it, it becomes an asset. If you acquire a mortgage for that home, you obtain a liability. The difference between the asset and the liability is the homes net value. Preferably, that value will be positive.

@Financial-Insider Год назад

Plis, could I know which software do you use for making the audio/speech?

@selvapradeep5636 Год назад

Everything is based on good judgement 🙂

@omearaaaron 3 года назад

Does anyone else love Jacob field from ripehouse property investments constant trying to help you exit the 9-5 with the weakest scam ever in the ads before the videos?

@prettynatural1973 3 года назад

Jacob is the best

@nguyena1515 9 месяцев назад

very narrow and close minded to think of assets and liability as money. although a car “takes money” from you. it opens up so many new opportunities for you to make an asset. investment

@rivierawhite4876 Год назад

Thank you,I do too! Working on it." Hope the same for you. You probably already are."😊🤑😀

@ashleyjenny186 10 месяцев назад

I'm so happy I made productive decisions about my finances that changed forever. I'm a single mother living in Vancouver Canada, bought my first house in October and hoping to retire soon if things keep going smoothly for me.

@GregoryShtevensh 2 года назад

Okay but the debt itself is a liability right? Is the loan an asset when there is a plan in place to turn that debt into profit (pay off the loan and pocket the rest)?

@aliabbasi2686 9 месяцев назад

hello, sir, can I write in paper that real assets are those who have some market value.

@user-bm6wu9zw9m 3 года назад

A car can be an asset if your full time Uber/Lyft and or Doordash/Uber Eats.

@jacobmaybe2449 3 года назад

no even the it's a liability you are not only not making a significant amount of money but you are devaluing the car and and spending money on gas

@reedbrian290 Год назад

*When it comes to investing, what's your say to anyone with over $100K looking for the best ways to invest it and as well make good earnings off it?*

@mooersproducts350 Год назад

Good question. There's no shortcut to getting rich, but there are smart ways to go about it.

@mooersproducts350 Год назад

I engage in diversifying various investments through proper planning and management of a good Investment Professional and so far have earned many returns (the amount is confidential).

@reedbrian290 Год назад

@@mooersproducts350 I've always been fascinated with investing and I need to start now. Could you possibly give more information about the Investment Professional and how I can reach out?

@mooersproducts350 Год назад

@@reedbrian290 As to get more details about any Investment Professional; (Hamilton Phoebe Zoe) easily do quick internet research where you can easily write her from, do your research with her full names mentioned.

@reedbrian290 Год назад

Great stuff! Thank you, got it.

@richardjohnson8796 9 месяцев назад

Houses are needs, so I'd argue that owning one (especially once it's paid off) is an asset because it saves you from paying rent. Unless you would argue homelessness to be the preferred option But it requires money out, but in the long run, it should save more than it takes

@goldenstandard187 2 года назад

🔥

@gavinjeo 7 месяцев назад

Interesting

@PracticalWisdom 7 месяцев назад

Thanks!

@asadmehmood5587 3 года назад

Hello, can i use a short part from this video?

@mcnzamos2249 Год назад

Car is not an asset but it's necessary. For me, after using a car for a few years, it's okay to sell it for a lower price because I have used it to go make money.

@taykokhuat 2 года назад

A car is an asset although it is depreciating in value but don't forget the owner used it to earn a living and to carry out daily business which is the biggest income. factor

@mikedanley1393 Год назад

A car is not an asset and is a liability. Here is why: Every month I PAY money on it to own it if I took out a loan. I also PAY interest on that loan. Every week I PAY to fill up the gas tank. This on top of insurance and maintenance, the vehicle generally depreciates as soon as it comes off the lot. I will never generate cash flow from a car (unless I am a flipper) and thus it is a liability. To your point of it transporting you to work everyday to make money, it is a tool that I use to help me make money but in itself is not an asset

@taykokhuat Год назад

@@mikedanley1393 then why don't you rent a car instead of buying?

@mikedanley1393 Год назад

@@taykokhuat Because it is all about minimizing your expenses. If I were to rent a car everyday for several years it would be much more than purchasing it out right or financing

@taykokhuat Год назад

@@mikedanley1393 Helping one to minimise expenses is an asset. It's not about losing in owning a car.

@elvisvan 6 месяцев назад

2 minutes in and i already found this typical, houses and cars are such common objects to analyze, do you have anything less ubiquitous so take as examples?!

@emmanueldarko-ek2ev 4 месяца назад

Can cars, means for commercial purposes such as Taxi be considered as an assets

@fallenkafiel 10 месяцев назад

I know a car can be a liability but if you are using it to do side hustle like Uber, Lyft, doordash and etc then it an assist

@lw3269 3 года назад

A car can be an asset if you need it to go to work to earn money. I never buy a new car. A good used car with low miles purchased for cash can be sold for close to what you pay for it.

@hubster4477 2 года назад

But the money you put into it during ownership ( plates, tags, insurance, maintenance ) you will never break even.

@bossmankbawesome4134 2 года назад

Or you rent out the car you own and get public transport

@123marcus1 2 года назад

@@hubster4477 its a asset if it's getting them to work and its not new. How would they get to work without a car. Totally a asset.

@hubster4477 2 года назад

@@123marcus1 if you sell the car then it's an asset. If itself isn't bringing in money it's not an asset. A house is only a asset when it gives you money.

@louiscaroline5582 3 года назад

What a nice video. I will think about getting a new car for my baby ...but for now As you can see , the market is moving well most especially bitcoin, I'm amazed at the raise of bitcoin the past few weeks bitcoin has raised to 55k today. 2021 is gonna be a great year for investors. I will buy when it hits $100k soon,.💣🙏

@rebeccacasey9419 3 года назад

Yes you are right my dear . It's only bitcoin investors that will understand...✌️👍

@charlesclifford2624 3 года назад

Investing in assets is the code for having a successful financial life, investing with the right company or software would free you from modern financial slavery.

@David_garner9 3 года назад

@@charlesclifford2624 bitcoin is now at 58k, I believe it will raise up before the end of the month.

@louiscaroline5582 3 года назад

Wait who are you talking about, because I know one madam cynthia from a financial channel.???

@louiscaroline5582 3 года назад

@Kabir Kiaan Im in losses as I keep placing bad trades hope she accept beginners ?? I want something similar and I want to invest so I can monitor the growth of my account.

@mva6213 Год назад

everything you own is property..................... depending on how you use it it becomes an asset or liability...............example house, if you live in it its liability esp if its to big...................have it rented, its an asset........... same in cars and all your properties...............

@TheSaltMustFlow Год назад

Last thing I was expecting when clicking on this video was a DnD nerd explaining cash flow.

@KINGSU2U Год назад

Men Talk: This should be your love language. Success! It will never lie to you. The numbers will tell you how valuable you are, your customers will show you love for service, and most importantly you'll be free to be a masculine man with status. Why is status so important? Your probably thinking women, I'm thinking credit. Fame is credit. Your a celebrity because you've done something incredibly well that others took notice and CELEBRATED YOU. Which now makes you a celebrity. Doesn't even matter how long ago you did it. That's your credit! Protect IT with your LIFE.

@melindabharvey 6 месяцев назад

OK!

@THEBIGGESTSCUMBAG 3 года назад

FINANCIAL INTELLIGENCE IS EVERYTHING

@loverboyreigns1246 Год назад

💪💪

@MegaYoungday Год назад

The house itself is an asset. The mortgage is a liability.

@harleyb.birdwhisperer 11 месяцев назад

And the spread is your equity if you own. If you rent, your rent goes to pay down the landlord’s mortgage, Inflation raises your rent, converts his mortgage to cheaper dollars that he can pay off faster with your higher rent, and increases his equity even faster. Duh. Own.

@thespiritofmeditation7628 3 года назад

Yes important topic let's be clear we understand this process,Richdad poordad explain this clearly.😀👍❤!fk

@kingcapone2146 Год назад

Well I wish I seen this a year ago but supply and demand is the key

@harleyb.birdwhisperer 11 месяцев назад

Nah, CASH FLOW is what matters.

@SANAALL07 10 месяцев назад

🙏

@Mychannel-zb1wz 3 года назад

If i had 300k I'd still buy a house (fully paid) to rent out and the rest would invest on stocks or bonds... although this is considered liability at least is a tangible asset and less volatile than stocks... Stocks you can lose everything over night. A fully paid house? Nope, only by natural disasters but for that there's also insurances...

@hubster4477 2 года назад

I've never known anybody to lose everything by investing in decent index funds or good stocks. Get rich quick start up companies...yeah.

@Tripilicious 2 года назад

Is this the same voice actor that reads D&D stories? I swear I recognize this voice. 👍

@bunnyvibez4864 Год назад

How would you feel if you're the only one broke in your circle?😢Thank God I outlived and outgrown that feeling and era....I hate to brag,but I'm filthy Rich💵🤑

@haydencraig7149 Год назад

Yeah! But we can't get rich overnight right? Getting rich comes with multiple INVESTMENT but we all have to start from somewhere!

@haydencraig7149 Год назад

@@garythreadgill1167No specific one really, because there are lots of investment plans and strategies littered all over the internet today, for instance, investments like real estates,gold, drop shipping crypto currency and lots more