ilmscore | Prediction Details
"assets are things that make you money so when you buy asset this is things like a stock or a real estate investment or a business you are spending your money in something for the sole purpose of making money so if you spend your money to buy a business not spending the money at a business you're spending your money to buy a business now you're using your money to make you money because when you buy a business the goal is to make some more money because the business will make money when you use your money to buy real estate as an investment you're are using your money to create a new income stream because people will live in this property they'll pay you rent and now you have this asset that will hopefully go up in value and when you invest your money in the stock market now you're again investing in companies which will hopefully make you more money so when you invest your money in assets the whole goal is to invest your money into things that produce value real estate companies whatever that way you can make more money liabilities on the other hand are things that you spend your money on to take money away from you they should be spending money on things like clothes and shoes and cars and vacations these are things that are nice and these are things that you need but these are things that don't make you any money"
By Minority Mindset | October 29, 2023 | Pending
From video
These Are Your Biggest Financial Mistakes (Achieve Financial Freedom In 2024) | Jaspreet Singh 01:04:45 - 01:06:14
Interpreted Prediction
Assets are investments (stocks, real estate, businesses) acquired with the primary goal of generating income and increasing in value. Liabilities, conversely, are expenses (clothes, cars, vacations) that do not produce income and take money away from one's finances.

Prediction Details

Topic
Assets vs. Liabilities

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