Youmanitarian
Youmanitarian 13 Jun 2021

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Assets and Liabilities Defined, Explained and Compared in One Minute

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Assets this, liabilities that!

The two terms get thrown a lot quite a bit on television, online and so on. But what are assets anyway? What about liabilities?

In one minute, I did my best to not just define assets and liabilities but also explain then in an easy-to-understand manner. Also, by comparing assets and liabilities, the similarities as well as differences should become blatantly obvious.

Way too many people make mistakes when it comes to so-called "easy peasy" terms such as assets and liabilities. Don't be one of them... just don't :)


To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message.

Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to [email protected], any and all support is greatly appreciated!

Oh and I've also started playing around with Patreon, my link is:

https://www.patreon.com/oneminuteeconomics

Interested in reading a good book?

My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below:

Amazon - https://www.amazon.com/Wealth-....Management-2-0-Finan

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My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below.

Amazon - https://www.amazon.com/Age-Ano....maly-Spotting-Financ

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iBooks (Apple) - https://itunes.apple.com/us/bo....ok/age-anomaly-spott

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