“An asset is something that puts money into your pocket on a regular basis. A liability is something that takes money out of your pocket on a regular basis. There is also short term asset but long term liability, and short term liability but long term asset. Having an investor to fund your company start up is a short term asset, but having to keep paying that investor a return constantly for the rest of the company’s lifetime is a long term liability. Taking a loan out of a bank is a short term liability, but the value that you build into the company becomes a long term asset that pays for itself over and over for the rest of your life. There are also factors to consider such as speed of gain, and maximum enjoyment of the gain. Using a short term asset but long term liability may catapult you to great wealth faster, and you are able to make use of money for maximum enjoyment in the days of your youth than as compared to older age. And also, when you enjoy a better quality of life earlier at the expense of using more money earlier and less for long term investment, you are also able to have better enjoyment in doing work, which might lead to producing better quality work. There is no hard and fast rule regarding how you spend your time, money and energy. But do keep in mind the factors of long term, short term, assets, liabilities, speed of gain, speed of enjoyment, overall effect on progress, lasting effects, and choose which is the better trade off ultimately for you to live life as best as you would like it to be.” - Enoch Mind Reality Click “Share” if you want others to read this. Learn Secrets Here: MindReality/facebookgift.html
Posted on: Mon, 26 Aug 2013 21:00:00 +0000
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