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Titanium Life Podcast Episode 52: Understanding Assets and Liabilities


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I discuss why understanding assets and liabilities is a key part of learning how to build sustainable wealth for yourself and your business.

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Titanium Life Podcast Episode 52: Understanding Assets and Liabilities

  1. 1. Episode 52 • Since the recession of 2008, the rich have gotten richer and the poor have gotten poorer. • You have to understand wealth before you can build wealth. • If you don’t understand wealth, making more money won’t help. Business Coaching Inquiries: (844) 884-8264 | Understanding Assets and Liabilities
  2. 2. vV The Difference Between an Asset and a Liability Business Coaching Inquiries: (844) 884-8264 | • An asset is something that gains value over time. • Assets make you money. • A liability is something that loses value over time. • Liabilities cost you money.
  3. 3. vVExamples of Assets Business Coaching Inquiries: (844) 884-8264 | • Some examples of Assets include: • Real Estate • Investment Accounts • Artwork
  4. 4. vVExamples of Liabilities Business Coaching Inquiries: (844) 884-8264 | • Some examples of Liabilities include: • Credit Cards • Student Loans • Auto Loans • Car
  5. 5. vV Why Real Estate is Key to Building Wealth Business Coaching Inquiries: (844) 884-8264 | • Building wealth is a long-term game. • Real estate almost always gains value over a 15 or 20-year timeline. • There is no shortcut to wealth. • Wealth is built by investing in assets • And resisting the accumulation of liabilities
  6. 6. vV Einstein’s 8th Wonder of the World Business Coaching Inquiries: (844) 884-8264 | • Albert Einstein said “The eighth wonder of the world is compound interest: • He who understands it earns it, and he who doesn't pays it.” • This concept is what the Titanium 7 year rule is based on. • Episode 53 of the Titanium life podcast covers this rule in detail. • Schedule a session with a business coach to start making assets and liabilities work for you.
  7. 7. BUSINESS DOWN TO A SCIENCE Listen & subscribe using your favorite podcast app on iTunes, Android or PC: ATruly Life-Changing Force for Business Owners Business | Health | Wealth | Relationships | Happiness Business Coaching Inquiries: (844) 884-8264 |