Wake up call!!!!! From the world of
Finance
Financial literacy need to be embedded into
society where most of the population were in confusion in differentiating
Assets and Liabilities.
Why people are buying liabilities in the mask
of assets. Most of the people in the world are lagging in financial knowledge.
They can't able to differentiate what are assets and what are liabilities. They
cheat themselves in the form of lagging knowledge.
Investment patterns of different types of people.
Poor or
broke people buy stuff in they name of assets which don't have value in the
future except scrap material.
Middle class people buy liabilities on the name
of assets. They think that they bought asset but it doesn't generate any income
to them every day and every month need to add fuel in the name of money.
Rich people : They are different breed from
other than above people. They know how to appreciate their investments, most of
the time they invests in gaining knowledge where to invest and how much returns
we expect from each individual investment and having lots of patience to
achieve the goals. Rich invests on people.
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