Ep 12: Financial Education | Business Chat Series - Advanced Business English Listening with Vocabulary for Professionals
The Business English Podcast
00:00
The Debt Service or the Financing Option
Income and expenses can either make it an asset or a liability. If you are not making with that vehicle, at least 800 pounds a month, it is a liability on your balance sheet. But if you've invested in the top of the line, perhaps a luxury car for a luxury concierge, you know, taxi service essentially, then you're going to cover that debt service quite quickly. So what you have here is a real, you've got to make sure that the net result is positive if it's going to be an asset for you. Otherwise, it starts to become a liability.
Transcript
Play full episode
