Asset and liabilities are the two terms that you need to know when we talk about money management. And having the knowledge of the differences between the two can help you properly plan how and where you spend your money.

In a layman term, an asset can be defined as something that puts money into your pocket or bank account. 

 

Liability, on the other hand, can be defined as something that takes money from your pocket. 

Quote of the Day:

You are your greatest asset. Put your time, effort and money into training, grooming, and encouraging your greatest asset. Tom Hopkins

 

Questions of the Day:

Let me know examples of assets or liability that you have. I want to know your most prized asset and the liability that is giving you a sleepless night. Use #AssetI’mProudof or #Liabilitytogetridof in the comment section.

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