Invest your money first in assets instead of buying liabilities

[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.

 

[Stardom22]

Liabilities are the items that tend to utilise money on. Like it's not being advised to invest in those items because they are the items that draws money on.

 

[Augusta]

Yes, why not you can even invest in yourself and make yourself an asset not a liability

 

[Starmix]

Liabilities wreck your budget, the budget must be allotted instead buying for a property to have a lifetime asset. It could serve as passive income.