Goods for resale (if you are a merchant)

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N't understand how a balanced diet works. You agree with me that, if you want to follow a diet to lose weight, the first step is that you know how to differentiate which foods make you fat and which make you lose weight, right? The same thing happens with money. If you create habits to get rich, the first step is to know how to differentiate financial assets and liabilities: Financial assets Financial assets are anything that puts money in your pocket. Salary Freelas

Own business Land and real estate Stocks and fixed income securities Iran WhatsApp Number Data Cryptocurrencies Goods for resale (if you are a merchant) Infoproducts (information products) Education (books, courses, conferences, podcasts, in short, everything that can increase your productivity, culture, empathy, and bring you new ideas). Financial liabilities Financial liabilities, on the other hand, are anything that takes money out of your pocket. For example: Car and motorcycle House/apartment (to live in) Smartphones and Gadgets Consortia Parties Accounts payable It may seem strange to you to see a motorcycle, car, house and apartment in this list. ADVERTISEMENT





This is because many people tend to see these things as investments, but in reality they are costs. A car and a motorcycle will lose their value over time and you will still spend on fuel, maintenance, parking, taxes, insurance, accessories, depreciation, fines, etc. As for the house and the apartment, even if they are yours, if they are for living in, they are passive. Two important things about assets and liabilities: Liabilities are not always luxuries. You need a house to live in, clothes to wear and things to have fun with. Assets and liabilities are no