Assets vs liabilities is an age old statement. For some this may be something easy to understand for others not so much. However for most people they are wrong in their thinking. Most believe a house, car, jewelry, furniture, electronics, and anything with "value" is an asset, but they would be wrong. True assets are something that produce you money not cost you money. If it is putting money into your pocket for example, dividends, businesses, YouTube, investments, even an instagram that is making money would be considered an asset. The goal with all of this is to have your asset column outweigh your liabilities so you can then become cash flow positive. Meaning your passive income sources are making money money then you are spending. That is the goal that we all should work towards.

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