How To Teach Your Teenager About Financial Independence With Dan Sheeks
The Personal Finance Podcast
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Real Assets Versus False Assets
A false asset is one that takes money out of your pocket. A real asset, on the other hand, puts money in your pocket. People who've never had this explained to them, oftentimes would consider their car as a real asset because you can sell it for pretty good price. You just need to understand why is it false? How does it affect your bottom line? And are you ok with the money that is taken from your pocket? I agree, and it's fine to own those false assets. Just wane those things that overtime, you just want to have more real assets than you do those false Assets.
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