My videos are intended to teach and empower the young filipinos like you to be financially independent and retire early.
As I mentioned before an asset is something that puts money in your pocket and a liability is something that takes money from your pocket. I was first exposed to this concept In the no 1 global best-selling personal finance book Rich Dad Poor Dad by Robert Kiyosaki.
Going forward one of the core principles he outlines is so important for Filipinos to learn to become wealthy. We have to recognise some property puts money in our pockets but also some property takes money from our pocket and is therefore a liability.
As mentioned on my video you can order the book i have read through amazon Rich dad poor dad - Cash flow, guide to investing
I hope the informations in this video help you to enlighten your understanding about asset and liabilities.
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