Assets vs Liabilities and how to generate assets
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- čas přidán 12. 06. 2024
- Assets are things that put money in your pocket. Liabilities take money out of your pocket. Sounds simple enough, right? In this video, I’m going to explain to you exactly what assets are, as well as the difference between assets and liabilities, and how you can acquire assets.
I’m also going to debunk a couple of common misconceptions about assets (a home is not an asset, nor is a car) and provide a bunch of examples of assets you can purchase. Enjoy!
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#asset #liability #personalfinance
Timestamp
(00:33) The Difference
(00:55) Is a House An Asset?
(01:47) Is A Car An Asset?
(02:43) Difference Between Tangible and Intangible Assets
(03:09) Financial VS Real Assets
(04:26) The Mother Of All Assets
(05:17) 2 Ways To Make Money With Stocks
(06:32) How Do You Acquire Stocks
(07:00) Real Estate
(09:05) Is Knowledge an Asset?
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DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.
- The Audible link is an affiliate link meaning if you make a purchase using the link, I will receive a small commission at no extra charge to the buyer.
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*every family has a person who breaks the chain of poverty. I hope you will be that person!*
I receive it
Not every family
Hopefully thank you!!
hopefully very soon
@@Papi_21 Maybe that's the sign it's meant to be you. NO EXCUSES.
“Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.” - Robert Kiyosaki
You know whats funny?. I see everyday new Mercedes/bmws/audis that are in the range of 60-125k. I dont believe everyone that drives these cars are millionaires also.
As a person with good finances i honestly would rent that expensive car for just a month and enjoy the car then just go on.
I would honestly would buy a car in the range of 5-15k. These cars are much cheaper and if its in good condition it can save up a lot of money. What is 5-15k if you are net worth millionaire,right?
Lies again? Get Anal Believe In Allah
Especially a regular person
The investment you choose isn't right or wrong, just depends on the kind of business person you are or simply the kind of person you are. However, the end game is investing money long term creates wealth every time. Just pick what you like and understand, invest and it will pay off. A lifetime of investing for 5 mil is not hard to accrue.
I love getting paid to hold an asset, especially while it grows in value. One of my favorite ways to do that is by holding dividend paying stocks. Nothing like a dividend etf to give you diversification AND income! Gotta love it. $40,000 of passive income made so far in 2023.
Could anyone suggest some monthly investment options? I'm looking to supplement my income from work with a little extra cash each month from investments, in addition to my long-term investments.
Bear and bull markets offer great opportunities. I used to discredit people who made money in bear markets until I did it myself. The US stock market is currently experiencing a long bearish season but if you zoom out it's actually a bull run as the market always comes around, so it's understandable that people are panicking. However, there are opportunities if you know where to look. With the help of an investment advisor, I made over $75k in profit so far this year.
@@MIchaelGuzman737 I'm glad I stumbled across this discussion. If you don't mind, could you tell me how to reach this financial adviser who helps you with your investments?
@@sommersalt88 I have "Jill Marie Carroll" as my investment advisor. She has a solid reputation in her field and is a true genius when it comes to diversified portfolios, which help portfolios be less vulnerable to market downturns. She may be a name you are already familiar with; a Newsweek piece helped me to do so. She's a Google-able person.
The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. $52k dividends received in 2022.
I agree! That's why it is advisable that you have to invest while you still have a regular job or earning a regular income, and do it constantly. You still need to have something that will keep you going even if you're investing. Good financial planning and money allocation is the key.
I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured some money in value stocks and digital assets,i accrued over $80K in dividends last year
@@martingiavarini I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?
@@Oly_laura I have “Catherine Morrison Evans” as my investment advisor. She has a solid reputation in her field and is a true genius when it comes to diversified portfolios, which help portfolios be less vulnerable to market downturns. She may be a name you are already familiar with; a Newsweek piece helped me to do so. You can search her on google
@@martingiavarini She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
One strategy for protecting against a recession is to buy equities. Investors, especially during a recession, need to know where and how to put money in order to make money while avoiding inflation.
It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out is a wonderful way to get started and thats how i was able to accrued good gains . They helps to manage investment overall risk profile , prevent permanent loss of capital consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal
@@ritalorrigan please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
@@DaleHorne8 Dawn Maureen Humphrey is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
I agree, having a brokerage advisor for inveesting is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.
Who’s your CFP??
Amber Dawn Brummit is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
I can't believe how much our lives have changed since meeting Rodger Michael Karl. He's helped us become debt-free and save for retirement." I made over 220K during this dip, which made it clear there's more to the market than we average joes know. Having an investment adviser is currently the best course of action, especially for those who are close to retirement .....
The financial markets are full with opportunities, but I've learned a lot over the past few years to doubt that. The key is knowing where to focus. Well appreciated, Rodger Michael Karl.
Having a good instructor is fundamental for portfolio broadening. Rodger Michael Karl has always been that FA who is effectively accessible and has broad information on the monetary business sectors.
I just discovered his outstanding resume when I searched for his name on Google. I count it a blessing that I came across this comment section.
if you ask me what is special about Rodger Michael Karl compared to the other traders I have worked with in the past, Rodger Michael Karl has numerous great features, simple, easy, and reliable signals and analysis.
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just 19k USD short of half a million in profit.
My advisor is Olivia Maria Lucas. In terms of portfolio diversity, she's a the ONE. You can look her name up on the internet and verify her yourself. she has years of financial market experience plus she is also FINRA & SEC verifiable.
Olivia Maria Lucas really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
Invest in yourself, this will help you attain more assets. 🙏
I must say I'm very happy today! Seeing a profit of $2k, feels like I won the NBA finals 🥂
Wow, that's cool.
I have been looking to start investing. recently watching self tutorial videos on CZcams.
Can you share some tips to start investing for a newbie
@Belle Darcy Solid advise.
I stand with Everything you've said on here!
@Dan Lok Stock trading is the way to make good profits Investing.
That's a great idea ✨
Just started learning about stocks.. This is by far the best I've seen. Glad I saw this and I do not want to make mistakes by taking risks in my own hands
Most people especially newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering.
Wow finally someone that can actually teach you something instead of trying to get views and subscribers
I’ve been using a coach-(Freda Lynn Johnson) since March 2020, and through her guidance, I've been able to make approx. $24,000 in dividends on a monthly basis . It is pretty straightforward, not as complicated as it used to be.
@@claraclouse9086
Wow impressive! How could someone go about getting investment guidance from a coach like that. Would you mind sharing your coach's Info?
@@sashadubois4005 She's on the web. Just look up her name Freda Lynn Johnson
.
Such a helpful breakdown of stocks, thank you!
Totally agree that assets are more than just numbers on a balance sheet! They're like the secret sauce that can boost a company's revenue, give it a competitive edge, and help it stay nimble in this fast-changing economy. Really shows how smart asset management is key to success.
This is one of the best channels on CZcams.
*No 1: Don't Only Hope On Government Responds On Security Matters And Economy Growth,*
*No 2: As An individual, You Should Be Safeguarded And Also Look For Different Self Business And Trade Not Only Waiting On Betterment Of Stock Market Activities,*
*No 3: Most Important Always Save The Little You Can And Think Of What To Do With It When It Becomes Good For Capital,*
*Because Government Have Failed Us In Aspect Of Security, Economic Activities And Other Trading Systems.*
Yes! For real It is very important to have different streams of income and a diversified portfolio as for me I have already invested in crypto which is very profitable and easy to gain
Exactly I'm also happy to start investing too than to have my money sleeping in bank
Stocks are good but we have to make the right plans
Yes Stocks are good but they are a lot of businesses more convenient than stocks
That’s the fact well I only invested in stocks and will love to know a better investment too
If I have a paid off property and don’t need to pay rent - it’s an asset as it reduces costs. It’s not only about earning more but also it’s about paying less.
Pretty sure it’d still be a liability since you still have upkeep costs
The house you live in becomes an asset when compared to renting quick. Rent doesn't give you money back when filing taxes. Don't listen to those that try to sell you the idea that renting is better.
Diversifying into multiple assets maximized my profits for me, and also getting a proper management for my investments helped too. My weekly profits increased to over $30,000 weekly when I started investing in dividend stocks, index funds, REITS, cryptocurrencies, etfs and stocks From various sectors.
Your portfolio is properly diversified and it’s definitely going to withstand Volatility.
Diversification is definitely key, Investing means long term, it means exposing your funds into different asset classes and not just cash but rather inflation beating asset classes. It's a process and it takes patience.
@@user-od3gr3mn6u a lot of patience and discipline too. it's not as easy as it sounds, but i'm learning everyday.
@@hollowelljeff2242 I’ve been investing in stocks and cryptocurrencies as well, but it’s been very challenging to manage my investments, how did you get it right in that aspect?
I’m very intentional when it comes to managing my investments, I prefer to work with financial experts and advisers, currently William Stanley PJ is managing my portfolio and he has been very tremendous to my investment growth.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works
I totally agree with you, the stock market is the most profitable venture I ever invested in, I reached my goal of $500k yearly trade earnings. Setting realistic goals is an essential part of trading
@@paulinajordan9047 Your right . Ever since I started investing in stock I've had a very good life
Having a stable investment package keeps you financially stable!
@@beckansmith5224 the stock market is a vast platform to invest in. It's very profitable especially when you've got a trusted professional to assist you
I'm interested in this stock market but I don't know how to come about it . Any advice ??
Congratulations! You've earned another subscriber. Great video
Fantastic brief guide
Thanks for the tips and consistency of your message.
Great video this is the type of video I want
OMG, I can't believe it. you make me understand. thank you 🙏🙏🙏
Amazing thank you!
Brilliant video thanks so much
Just something I consider important on Dividend Stocks and REITS that wasn't mentioned. With Dividend stocks, after 60 days of owning that stock, they become part of a special tax bracket that determines how much tax you pay on dividend gains. Commonly if your tax rate is $40,000 or less you pay no tax on dividends. As for REITS, they just fall as income and are taxed at your regular tax rate no matter how long you owned the stocks.
Thank you so much for this. I had no idea. I’m fairly new and still learning the game
THANK YOU SO MUCH FOR SHARING US 😇💫🌎
Excellent Analysis
I've learnt a lot thanks
So valuble ...alot to learn ❤️
Helps a lot! thx
Thx for the explanation
Great video 👍
Very useful ,thank you 👍 .
Good going bro... Very simplistic explanation, keep motivate us...👍
Most people do not know this basic financial knowledge as they are not taught in school.
True
++++
Thank you very much.
I love how you broke down on stock market,,,I have heard it so many times but never understood how it work's
I bought my house in cash...
I can rent rooms out plus I no longer pay rent ... I consider my home asset it has also gone up in resale value...
Thank You for this vídeo 👏🤝
I like assets no more liabilitys for me am glad I finally opened my eyes towards that..
An asset is anything that represents value to a person or a business. A liability is an obligation to pay. A car, a house, a jacket, a computer, an iphone are all assets. If you take out loans to pay for those things, than that is a liability, because a loan or a mortgage is an obligation to pay. But the thing itself, that you finance or get a loan for, that thing is an asset.
Me too, I love that voice!!! As always, thanks for the free practical wisdom!!!!!!🌟
Nice simple explainer! 👍👍
hello, sir, can I write in paper that real assets are those who have some market value.
Okay but the debt itself is a liability right? Is the loan an asset when there is a plan in place to turn that debt into profit (pay off the loan and pocket the rest)?
Thanks!
Thank you!
thank you
very helpfull
I love the content just as how i love the voice behind. 😊😍
You thirsty.
@@badhabit714 🤣
Great content
Thought this would provide examples of assets vs liabilities.
Thanks 👍
Plis, could I know which software do you use for making the audio/speech?
Thank you!!!!!!!!
i love this
Valuable information
Make a great dream by investing on a trade write me immediately for more enlightenment
*...W.h.a.t.s.A.p.p+1(7.4.0)(2.7.3)(2.9.9.6)*
Thanks
*It's unfair on how things have turned up to be due to the recent world pandemic things has been so difficult*
*We see complains here and there in social media from different people in different countries all around the world*
*The government has less or no time for their people anymore*
*I think we all should try to engage in different things to make money and stop hoping on the economy*
I have always believed in the Stock market and other Economics activities but Is really unfair that 2020 trading and the stock market is just tricky and unbelievable which is too bad now I rather invest my money only on bitcoin and gain more profit in return...
Yes sure Bitcoin trade is great unlike the stock market and another financial market, Bitcoin has no centralized location since it operates 24hour's in different parts of the world.
Bitcoin trading might make you rich if you are hedge found with deep pockets or an unusually skilled currency trader💸💸
After a successful investment, you have nothing to worry about whether the rise and fall of the economy or anything won't affect you and make your future brighter by making a good investment.
@@fortinwalker5038 Exactly that's true if you have a good investor you have nothing to worry about.
Hello, can i use a short part from this video?
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mrs Karen Charles
@Sonny Widjaja You don't need to be shock because I'm also a huge beneficiary of expert Mrs Karen
Here in Canada Expert Mrs Karen Charles carries out the both orientation and mentorship
potentials
I stumbled upon one of her clients testimonies and decided to try her out...I'm Expecting my third cashout in 2days
"Assets puts money in your pocket whether you work or not, and liabilities take money out of your pocket." Robert Kiyosaki
Rich Dad.
Yeah
"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." - Warren Buffett
An asset is anything of value or a resource of value that can be converted into cash. Individuals, companies, and governments own assets. For a company, an asset might generate revenue, or a company might benefit in some way from owning or using the asset.
*\0/*
Exactly. I was hoping to read this in the comments. This point seems to be misrepresented frequently in the realm of financial influencers.
If you buy a home, regardless of what you intend to do with it, it becomes an asset. If you acquire a mortgage for that home, you obtain a liability. The difference between the asset and the liability is the homes net value. Preferably, that value will be positive.
When you invest, you're buying a day you don't have to work
Assets that can make you rich
Bitcoin
Stocks
Real estate
Can cars, means for commercial purposes such as Taxi be considered as an assets
A house can be an asset if you pay it off, resale or rent it out.
Car is an asset in developing counties like Ethiopia, the price of cars goes up all the time with a way higher rate greater than over all inflation rate.
Everything is based on good judgement 🙂
What a nice video. I will think about getting a new car for my baby ...but for now As you can see , the market is moving well most especially bitcoin, I'm amazed at the raise of bitcoin the past few weeks bitcoin has raised to 55k today. 2021 is gonna be a great year for investors. I will buy when it hits $100k soon,.💣🙏
Yes you are right my dear . It's only bitcoin investors that will understand...✌️👍
Investing in assets is the code for having a successful financial life, investing with the right company or software would free you from modern financial slavery.
@@charlesclifford2624 bitcoin is now at 58k, I believe it will raise up before the end of the month.
Wait who are you talking about, because I know one madam cynthia from a financial channel.???
@Kabir Kiaan Im in losses as I keep placing bad trades hope she accept beginners ?? I want something similar and I want to invest so I can monitor the growth of my account.
Does anyone else love Jacob field from ripehouse property investments constant trying to help you exit the 9-5 with the weakest scam ever in the ads before the videos?
Jacob is the best
Most people venture into crypto to be wealthy,meanwhile I just want to be debt free.
very narrow and close minded to think of assets and liability as money. although a car “takes money” from you. it opens up so many new opportunities for you to make an asset. investment
Thank you,I do too! Working on it." Hope the same for you. You probably already are."😊🤑😀
I'm so happy I made productive decisions about my finances that changed forever. I'm a single mother living in Vancouver Canada, bought my first house in October and hoping to retire soon if things keep going smoothly for me.
Interesting
Thanks!
A car can be an asset if your full time Uber/Lyft and or Doordash/Uber Eats.
no even the it's a liability you are not only not making a significant amount of money but you are devaluing the car and and spending money on gas
2 minutes in and i already found this typical, houses and cars are such common objects to analyze, do you have anything less ubiquitous so take as examples?!
*When it comes to investing, what's your say to anyone with over $100K looking for the best ways to invest it and as well make good earnings off it?*
Good question. There's no shortcut to getting rich, but there are smart ways to go about it.
I engage in diversifying various investments through proper planning and management of a good Investment Professional and so far have earned many returns (the amount is confidential).
@@mooersproducts350 I've always been fascinated with investing and I need to start now. Could you possibly give more information about the Investment Professional and how I can reach out?
@@reedbrian290 As to get more details about any Investment Professional; (Hamilton Phoebe Zoe) easily do quick internet research where you can easily write her from, do your research with her full names mentioned.
Great stuff! Thank you, got it.
🔥
Houses are needs, so I'd argue that owning one (especially once it's paid off) is an asset because it saves you from paying rent.
Unless you would argue homelessness to be the preferred option
But it requires money out, but in the long run, it should save more than it takes
Yes important topic let's be clear we understand this process,Richdad poordad explain this clearly.😀👍❤!fk
OK!
🙏
A car can be an asset if you need it to go to work to earn money. I never buy a new car. A good used car with low miles purchased for cash can be sold for close to what you pay for it.
But the money you put into it during ownership ( plates, tags, insurance, maintenance ) you will never break even.
Or you rent out the car you own and get public transport
@@hubster4477 its a asset if it's getting them to work and its not new. How would they get to work without a car. Totally a asset.
@@123marcus1 if you sell the car then it's an asset. If itself isn't bringing in money it's not an asset. A house is only a asset when it gives you money.
A car is an asset although it is depreciating in value but don't forget the owner used it to earn a living and to carry out daily business which is the biggest income. factor
A car is not an asset and is a liability. Here is why: Every month I PAY money on it to own it if I took out a loan. I also PAY interest on that loan. Every week I PAY to fill up the gas tank. This on top of insurance and maintenance, the vehicle generally depreciates as soon as it comes off the lot. I will never generate cash flow from a car (unless I am a flipper) and thus it is a liability. To your point of it transporting you to work everyday to make money, it is a tool that I use to help me make money but in itself is not an asset
@@mikedanley1393 then why don't you rent a car instead of buying?
@@taykokhuat Because it is all about minimizing your expenses. If I were to rent a car everyday for several years it would be much more than purchasing it out right or financing
@@mikedanley1393 Helping one to minimise expenses is an asset. It's not about losing in owning a car.
Last thing I was expecting when clicking on this video was a DnD nerd explaining cash flow.
FINANCIAL INTELLIGENCE IS EVERYTHING
💪💪
Car is not an asset but it's necessary. For me, after using a car for a few years, it's okay to sell it for a lower price because I have used it to go make money.
Is this the same voice actor that reads D&D stories? I swear I recognize this voice. 👍
everything you own is property..................... depending on how you use it it becomes an asset or liability...............example house, if you live in it its liability esp if its to big...................have it rented, its an asset........... same in cars and all your properties...............
Stonks
Content is pretty good but all this video footage is just outrageous
If i had 300k I'd still buy a house (fully paid) to rent out and the rest would invest on stocks or bonds... although this is considered liability at least is a tangible asset and less volatile than stocks... Stocks you can lose everything over night. A fully paid house? Nope, only by natural disasters but for that there's also insurances...
I've never known anybody to lose everything by investing in decent index funds or good stocks. Get rich quick start up companies...yeah.
Wait what about buying a house and car too rent out for monthly profits???!!!!!!
The house itself is an asset. The mortgage is a liability.
And the spread is your equity if you own. If you rent, your rent goes to pay down the landlord’s mortgage, Inflation raises your rent, converts his mortgage to cheaper dollars that he can pay off faster with your higher rent, and increases his equity even faster. Duh. Own.
I know a car can be a liability but if you are using it to do side hustle like Uber, Lyft, doordash and etc then it an assist
Men Talk: This should be your love language. Success! It will never lie to you. The numbers will tell you how valuable you are, your customers will show you love for service, and most importantly you'll be free to be a masculine man with status. Why is status so important? Your probably thinking women, I'm thinking credit. Fame is credit. Your a celebrity because you've done something incredibly well that others took notice and CELEBRATED YOU. Which now makes you a celebrity. Doesn't even matter how long ago you did it. That's your credit! Protect IT with your LIFE.
The narrator is the same Voiceover guy from some D&D stories on CZcams
Can a car be a. Asset if u rent it out and ur making income tht way or no
An asset is anything that represents value to a person or a business. A liability is an obligation to pay. A car, a house, a jacket, a computer, an iphone are all assets. If you take out loans to pay for those things, than that is a liability, because a loan or a mortgage is an obligation to pay. But the thing itself, that you finance or get a loan for, that thing is an asset.
Well I wish I seen this a year ago but supply and demand is the key
Nah, CASH FLOW is what matters.