What investments in Nigeria do you think are assets or liabilities?

Is your house/building an asset or a liability? A lot of us cannot tell the difference between an asset and a liability in our investment choices and that is why, we make some wrong investment decisions.

I'll like us to list investments and categorize them into Assets and Liabilities with reasons.

Personally, I think a house or a building is both an asset and a liability. If you live in it, it is a liability because you'll spend money from your "pocket" on repairs and upgrades. If you don't live in it and it gives you a positive cash-flow, then it is an asset.

By positive cash-flow I mean after payment for repairs and upgrade, you still have some money left as "profit" from the rent.

Next time I'll list more assets and liabilities.

Welcome again.

Today I'll like to talk about a liability that most of us like to acquire. We may be aware that it is a liability, but we are still compelled to acquire it. I'm talking about our cars or automobile.

It is always taking from your pocket and never putting anything back in it. Except you are using it for public transportation. Yes, it is a "necessity" and a liability.

But it can also be an asset. If you know how to make your money work for you and pay for your car expenses before tax, then it will help you make more money without taking it from your income after tax.

Good luck in figuring out how to make your car "not-a-liability."

are you reading a lot of rich dad poor dad?