Understanding the distinction between assets and liabilities is crucial for achieving financial freedom. Assets are anything that you control which generate cash flow for you, whereas liabilities, like personal-use automobiles, take money out of your pocket. There are creative ways to turn your liabilities into assets, but you must ask yourself: what are you willing to do to accomplish your financial goals? #FinancialLiteracy #GetUpleveled credit (IG): Dave Ramsey - @daveramsey SF0457 | Uplevel

Types of Assets 📢📢 #accounting #assets Study Point | Study Point