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Assets vs Liabilities

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Manage episode 417117017 series 3320031
Content provided by Michael Whitehouse. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Michael Whitehouse or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

An asset is something that generates money while a liability costs money. While that’s not the accounting definition, this thinking suits our message today. Rich people tend to invest their money while poor people put their money into things that they think are assets, but end up being liabilities (like houses). So put your resources into things that will get you additional resources.

From Heaven To Hell by Frank Schröter

Link: https://filmmusic.io/song/7827-from-heaven-to-hell

License: https://filmmusic.io/standard-license

Mentioned in this episode:

New book: The View From The Deck: Thoughts on Values, Vision, and Gratitude

Get your copy of Michael's new book at... https://amzn.to/4a6w0tu

  continue reading

1000 episoade

Artwork
iconDistribuie
 
Manage episode 417117017 series 3320031
Content provided by Michael Whitehouse. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Michael Whitehouse or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

An asset is something that generates money while a liability costs money. While that’s not the accounting definition, this thinking suits our message today. Rich people tend to invest their money while poor people put their money into things that they think are assets, but end up being liabilities (like houses). So put your resources into things that will get you additional resources.

From Heaven To Hell by Frank Schröter

Link: https://filmmusic.io/song/7827-from-heaven-to-hell

License: https://filmmusic.io/standard-license

Mentioned in this episode:

New book: The View From The Deck: Thoughts on Values, Vision, and Gratitude

Get your copy of Michael's new book at... https://amzn.to/4a6w0tu

  continue reading

1000 episoade

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