#MarcusMotivation

#MarcusMotivation

Do you know what an asset and a liability are? Do you know the difference? To keep it simple, an asset is something you own that profits for you. An example of an asset would be stocks and bonds. A liability is something that is costing you. An example of that would be buying a car or clothes. Now the wealthy become wealthy because they spend their time buying assets more than they buy liabilities while the non rich buy liabilities more than assets. In relation to your goals are you buying assets more than you're buying liabilities? For example, education is an asset. I don't just mean going to college or anything like that. I'm more referring to reading and expanding your mind. A liability may be for some partying every day. That time you spent on going out is not necessarily helping you grow and is costing you precious time. Now I'm not saying the wealthy don't buy liabilities. It is fine to go out to the club from time to time or eat your favorite junk food once in a while. What wealthy people understand is that they increase their assets so that they can buy from the gain on their assets. If you've been working hard it is fine to take a break and enjoy life or go to Five Guys as long as you're putting in more than you're putting out.

Moral of the Story:

Everyone wants growth when it comes to their goals but sometimes we aren't investing in them more than we are putting out for other things that have no value. Make sure you are investing in your assets. As they grow it won't affect you to here and there take on a liability. It is time for all of us to become "Wealthy".