Ass
Asset vs. Liability
Topic
N/A
Accuracy
Recent Predictions
Incorrect: 0
Pending: 9
Unrated: 0
Prediction
Author
Predicted at
Status
Video
Investing in growing assets can compensate for a lack of high income when building wealth.
"The key here that if you're investing your money into good assets that are growing, you can now make..."
Jan 2, 2026
Correct
An asset is defined as something that generates income, while a liability is something that incurs expenses.
"an asset is something that puts money into your pocket and a liability is something that takes money..."
May 26, 2024
Pending
The speaker views their car as a depreciating liability and prioritizes reinvesting cash into business, stocks, and real estate instead of purchasing expensive vehicles.
"I understand that my car is a depreciating liability and right now I investing very aggressively I d..."
May 21, 2024
Pending
An asset generates income, while a liability incurs expenses.
"an asset is something that puts money in your pocket a liability I'm just shorten that is something ..."
Apr 14, 2024
Pending
An asset generates income, while a liability incurs expenses.
"an asset is something that puts money in your pocket a liability I'm just shorten that is something ..."
Apr 14, 2024
Pending
Defines liabilities as money-draining items and assets as income-generating ones. Wealthy individuals aim to use income to acquire assets, which then fund the purchase of liabilities.
"Liabilities are things that take money out of your pocket and don't put any money back assets are th..."
Jan 21, 2024
Pending
Non-essential purchases like clothes, shoes, cars, and vacations are liabilities because they don't generate income. The advice is to only buy them if they can be afforded without financial strain.
"So what is a dumb item well dumb things are things that do not put any money in your pocket your clo..."
Jan 21, 2024
Pending
A realization that possessions like cars and watches were liabilities, not assets, prompted a shift in financial strategy.
"I started reading books about money and I started learning about you know assets versus liabilities ..."
Jan 9, 2024
Pending
An asset is defined as something that generates income or puts money into your pocket, whereas a liability is something that costs money and takes it away.
"an asset is something that puts money in your pocket something that you buy for the sole purpose of ..."
Sep 17, 2023
Pending
Certain luxury items like specific Rolexes or artwork can appreciate in value, indicating they can act as assets rather than purely liabilities, emphasizing the need for individual asset research.
"I recently saw a YouTuber talk about how you shouldn't buy Rolexes full stop as it's a liability but..."
Dec 1, 2022
Pending