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Do you have the assets to pay for your liabilities?

Started by KCLau · 1 year ago

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4 comments

anonymous
1 year ago

Not everyone will have such 'assets' like you do. I can see people from Multi-level marketing, insurance, investment planner - unit trusts, etc will have such 'People Assets".

What about those working as mere employees? They're just getting their monthly pay... How would u suggest people in this category to have assets like you ?

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KCLau
1 year ago

Employees can build assets from part time business, real estates and paper assets (stocks, unit trust etc). Due to the limited time, it is a big challenge for employees to build a substantial amount of assets.

In fact, employees are the biggest asset of a successful business. Once the employees fail to deliver the value, they become the liabilities.

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Mike
12 months ago

I disagree with employees having limited time. Employees have more than enough time, it is just that many choose to build liabilities rather than assets early in their career. You just need to set retirement as your number 1 priority very early on.

I agrees with leveraging which is what companies are actually doing but it is easier said than done. Anyway we are the ones who decide our own destiny

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22
11 months ago

Understood...intercalated witht Kiyosaki's advice...nice

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