Know the difference between assets and liabilities

You should know the difference between assets and liabilities.

Assets

Assets brings you money.

• Stock Dividends
• Rental properties cash flow
• Royalties
• Bonds
• business side hustle

Liabilities

Liabilities cost you money.

• Car payments
• Mortgage
• Student loans
• Credit card debt
• App subscription

You should know the difference between assets and liabilities. Assets is any thing that brings you money even when you are sleeping. Liabilities is anything that cost you money.

That’s it.

Now, start and adjust as you go.