Asset = Liability + Owner Equity
House = Mortgage + House
Business = DL, DM, OH Cost + Business
Car = Fuel, monthly payment, insurance + Car
Cell = Monthly payment + Cell
- have a plan to invest a big chunk of your income in building assets & small portions for liabilities. only then you can be Rich.
- have a separate saving account to save and one account to pay bills. and try to cut the number of bills you pay.
- find a passive income such as online business, youtube channel, share market, Bicoin, secure Bonds, U.S. treasury bonds,
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