4 min
Assets vs Liabilities Morning Motivation
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- Business
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
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
4 min
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