Financial Freedom 101 | Ep. 332

Today, let's dive into a crucial aspect of wealth-building: understanding assets, liabilities, and debt. When I began my journey, I was clueless about money strategies, deep in debt, and living in a van. The first lesson: assets put money in your pocket, while liabilities take money out. Consider your home: yes, it's an asset and a liability, but if it's just an expense every month, it's mainly a liability. Same goes for your car…if it's costing more than it's making, it's a l...