Assets vs. Liabilities

Oct 21, 2023 1 min read Money

Financial Independence Retire Early (FIRE) movement fellows,

I don’t know if you agree, but it is as simple as that

Assets put money in your pocket. E.g. Property (real estate), Stocks and Bonds, Cash, (some) Crypto, Luxury Car, Business, Cash, Insurance.
Liabilities take money out of your pocket. E.g. Credit Card, Taxed Owed, Debt, Car.

Who knows me realizes that I started a long time ago to sacrifice a 40-euro Sunday brunch for investing to purchase ASSETS.

I hope this helps!