Assets vs. Liabilities

Oct 21, 2023 1 min read Money

Financial Independence Retire Early (FIRE) movement fellows,

As we all know, it is as simple as that

  • Assets put money in your pocket. E.g. House, Income-Generating Real Estate, Stocks, Bonds, ETFs, Cash, (some) Crypto, Luxury Cars, Businesses, Insurance, Intellectual Property

  • Liabilities take money out of your pocket. E.g. Credit Cards, Taxes Owed, Any Debt, Cars, Student Loans, Myopic Expenditures.

Personal Finance
Matteo Bondesan
Matteo Bondesan
Research Fellow and PhD Candidate; Doctoral Fellow