Defining Assets and Liabilities

Define assets?

In Webster dictionary definition, an asset is a useful or valuable quality or anything of material value or usefulness that is owned by a person or company.

Such as?
What you own: House, vacant lot, house and lot, buildings, cash, automobiles, computers, office equipments

Define liabilities?

My Money Management Habit

Who loves to buy things? Who loves to spend money? I do! Do you spend on your needs or do you spend more on your wants? What do you spend the most? New gadgets? Trendy clothes? Or all goes for paying the bills? Then after extravagantly spending all you want, how do you feel? Happy? Guilty? Broke? Am I right?

Then I hope you will learn today. This is my Money Management Habit.

Before, what I do after receiving my income is to pay all for my expenses and the remaining amount is my savings. This practice shows formula number 1.

The Fern and The Bamboo

One day I decided to quit...

I quit my job, my relationship, my spirituality...

I wanted to quit my life. I went to the woods to have one last talk with God.

"God", I said. "Can you give me one good reason not to quit?"

His answer surprised me.

"Look around", He said. "Do you see the fern and the bamboo?".

"Yes", I replied.

"When I planted the fern and the bamboo seeds, I took very good care of them. I gave them light. I gave them water."