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Sunday, August 29, 2010

Assets vs. Liabilities

One of the main reasons people are struggling financially today is that they don’t really understand the difference between assets and liabilities and they are calling their liabilities assets. Assets are investments that put money into your hands monthly. Liabilities take money out of your hands monthly. Therefore your house and your car are not assets. Many people believe they are assets and that's how they get in trouble. Do not confuse the two 


  1. interesting, although i prefer to have more assets than liabilities! check my blog out!

  2. Yeh thats the point. You always want more assets

  3. never thought about it that way before... thanks