ilmscore | Prediction Details
"when you buy a car that's also a liability because when you buy a $20,000 car in a few years that car is only going to be worth $110,000 a few years after that that car is only going to be worth $500 few years after that it's going to be worth nothing not to mention all the maintenance and oil changes and gas that you had to put in to drive the car plus the insurance as well so your car is a liability your clothes are a liability when you buy a vacation to Cancun it's a liability because you can spend $10,000 on the vacation but it doesn't put some money in your pocket"
By Minority Mindset | June 23, 2024 | Pending
From video
If You've Never Invested Before - Watch These 32 Minutes 00:05:15 - 00:05:45
Interpreted Prediction
Purchases like cars, clothes, and vacations are considered liabilities because they depreciate in value or do not generate income, unlike assets which are acquired to make money.

Prediction Details

Topic
Liabilities vs. Assets

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.