The truth is; If your dreams don’t
- Challenge you
- Push you
- Make you Grow
They won’t change anything about you. Fact !
According to Robert Kiyosaki: Asset brings money into your pocket while liabilities take money out of your pocket.
That means only one thing can massively influence your life positively – Your assets
What are your dreams?
Do they drive you enough?
As an entrepreneur, you will miss it if your assets are liabilities
Ordinarily if you are to buy a luxurious car, you should have a business that will buy the car in the first place and fund it’s maintenence all by itself.
Financial literacy is very important; You need to be able to clearly define and understand what an asset is and what a liability is.
If you know what an asset is and what a liability is, I bet you will become wealthy in no time because your resources will be channelled into your asset column and your assets will by itself liquidate your liabilities.
Food for thought:
Poor people buy the things the don’t need and they invest assets worthy capital into liabilities. Soon enough they will sell them off
This thought me this important lessons:
- Buy only the things you need.
- Check yourself and always tell yourself the truth
- Be more prudent
When the chips are down the man with several assets will buy the luxurious car when you are selling yours off
On the final note: Concentrate only on your asset column alone while you are young and by the time you are old, your asset will fund all your expenses and liabilities