What’s the difference between assets and liabilities?
Assets put money in your pocket, liabilities take money out, Family. Your car is a liability - insurance, gas, repairs, depreciation. A rental property is an asset - someone else pays you. Your television is a liability. Bitcoin is an asset. Most of what people call ‘wealth’ - cars, clothes, gadgets - are actually liabilities pretending to be assets. Build real assets, minimize liabilities.