Are you aware of the assets and liabilities you possess ? Most of us actually don't, there are people who teach and preach about being financially in good health. As the popular saying goes "Rich don't work for money, they make the money work for them". When you are working very hard to save money for future, your savings will never actually be enough for your future self. So, how do you acquire assets and reduce liabilities ?
If you come from a finance or business education background, you may be familiar with these concepts and more money-making ways. How can you constantly build your sources of income or more assets ? The usual plan most of us make will be like save enough by working hard to buy a house, car, a deposit to fund children's education expenses etc. This can only bring more problems than solutions to you in future.
The important asset which most of us don't pay attention to is "Time". The amount of time you spend working hard to make ends meet, save money for future is actually making you deprived of it. The valuable time you can make use of by taking calculated risks and learn from failures is being wasted. It is not just the investments you make that count but also the time you invest to build the assets matters a lot. Start Now!
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