The One Minute Millionaire: The Enlightened Way to Wealth

The lessons in In this New York Times bestseller The One Minute Millionaire are not just about becoming a millionaire–they are about how to ethically make, keep, and share your wealth. Whether your goal is less than a million dollars or that amount many times over, there’s never been a better time to achieve abundance. In these turbulent times, these lessons will show you how to recover from financial loss and rebound with renewed enthusiasm into financial security and prosperity. Click Here to get this Book.

Asset vs. Liability

Many people don’t know the difference between asset and liability, and as a result, most of those people struggle financially. Basically, an asset is something that is going to add money to your bank account or pocket, and a liability is something that’s going to take the money from your bank account or pocket.

Asset vs. liability

When some people buy a car or a house, they think this thing is an asset. However, it’s usually a liability. If you buy a car and the car has a certain value, the value will go down the day you take it out from the dealership. There also are expenses related to the car that you are going to pay for over time, such as service, going through the car wash, insurance, and parking fees. A car basically is a liability because it’s taking money from your pocket.