09/17/2026
ASSETS
“Don’t spend everything you earn on things that lose value.”
Some purchases consume wealth while others can build it
Learn the difference between assets and liabilities
Not everything you buy makes you richer
Some purchases create value, generate income, or appreciate over time
Others continuously take money from your pocket through repayments, maintenance, interest, or other costs
💰 An asset is generally something that provides future economic benefits
Examples can include:
🏠 Income generating property
📈 Investments
💼 A profitable business
💻 Equipment used to generate income
💵 Cash and cash equivalents
A liability, on the other hand, represents an obligation that you owe
Examples include:
💳 Credit card balances
🏦 Loans
📄 Outstanding bills
🚗 Vehicle financing
But remember, not every liability is bad and not every asset automatically makes you wealthy
A loan used to acquire a productive asset can potentially help build wealth
The important question is:
“Is this purchase helping me build wealth or simply increasing my financial obligations?”
Before spending your next paycheck, don't only ask:
“Can I afford it?”
Also ask:
“What will this purchase do to my financial position?”
That question can change the way you manage money
👇 QUESTION:
If you suddenly received extra money today, which would you prioritize?
A. Buy something you want
B. Pay down debt
C. Buy or invest in an income producing asset
Comment A, B, or C 👇
