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Assets vs Liabilities
Episode 1242

Assets vs Liabilities

Morning Motivation · Michael Whitehouse

May 8, 20243m 58s

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Show Notes

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


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