Invest your money first in assets instead of buying liabilities

[Starmix]

Some people like wastages. They never care to spend lavishly They also have many liabilities, They only realize their fault when their liabilities stocked up and cannot anymore restore what they've done.

 

[eLdavis]

You are right, investing in assets is a better option compared to buying liabilities. This is what a lot of young people don't understand.

 

[Trush Jodie]

The mistake that our parents made is that they never prioritized acquiring assets that would take a long time to yield.

 

[Starmix]

Some parents are wise. They acquire assets while they are still young. An asset appreciate so when their kids are ready to enter college, they can invest their assets. However there are also parents who are not thinking about the essentialitties of an asset. They prioritize instead liabilities.