OFW Guide: Buying Property in the Philippines
Join Group

Back to General Discussion

  • People who struggle financially do not know this...
    Leah Napiza
    in General Discussion
    Posted Oct 20, 2021

    You might have heard this…

    The rich are getting richer, and the wealth gap between the rich and the poor is becoming wider.

    And the reason?

    People who struggle financially do not know the difference between an ASSET and a LIABILITY.

    An ASSET is:

    Something that puts money in your pocket. Now, you may have been taught differently, so let me repeat this…

    Unless something puts money IN your pocket, it is NOT an asset.

    Some of the things you can call assets are investment real estate, a business, dividend-paying stocks, or “digital real estate” (more on this later…)

    All these generate positive cash flow, and they put money IN your pockets!

    A LIABILITY is:

    Just the opposite of an asset - something that takes money OUT of your pocket - cars, vacations, clothes, your Netflix subscription.

    Many of you also might have been told that your home is an asset.

    Is it really?

    Does your house put money in your pocket? Not until you sell it for a profit - whenever that happens…

    Now, rental real estate can be an asset.

    That is if the monthly rent you collect is more than the expenses. But that definitely involves some work.

    The truth is...

    The Rich Do Not Work For Money

    So how can you build “digital real estate” that generates passive cash flow?

    Do you want to build assets that generate passive cash flow every month for years to come?

    OR

    Do you want to create liabilities for which you may be paying off indefinitely?

    Assets or Liabilities - You Decide!!!

    0 Likes
    0 Replies
    Join Group

    Recent Related Properties

    Active
    Priority Assistance
    Pre-Selling
    ₱ 4.35 million
    For Sale New Single Attached House
    2 Bedrooms 1 Bathroom 40 sqm.
    Naic Cavite
    Updated 52 minutes ago
    Active
    Priority Assistance
    ₱ 9.10 million
    For Sale Single Attached House
    3 Bedrooms 2 Bathrooms 170 sqm.
    Bacoor Cavite
    Updated 52 minutes ago
    Active
    Priority Assistance
    Pre-Selling
    ₱ 53.0 million
    For Sale New Townhouse
    4 Bedrooms 6 Bathrooms 425 sqm.
    Manila
    Updated 52 minutes ago
    Active
    Priority Assistance
    Pre-Selling
    ₱ 7.00 million
    For Sale New Townhouse
    2 Bedrooms 1 Bathroom 89 sqm.
    Quezon City
    Updated 52 minutes ago
    Active
    Priority Assistance
    Pre-Selling
    ₱ 1.96 million
    For Sale New Townhouse
    2 Bedrooms 2 Bathrooms 52 sqm.
    Tanza Cavite
    Updated 52 minutes ago
    Active
    Priority Assistance
    Ready for Occupancy
    ₱ 3.80 million
    For Sale New Residential Condo
    Studio 1 Bathroom 25 sqm.
    Pasig
    Updated 52 minutes ago
    Active
    Priority Assistance
    Ready for Occupancy
    ₱ 2.66 million
    For Sale New House and Lot
    2 Bedrooms 1 Bathroom 40 sqm.
    Calamba Laguna
    Updated 53 minutes ago
    Active
    Priority Assistance
    Pre-Selling
    ₱ 4.00 million
    For Sale New Residential Condo
    1 Bedroom 1 Bathroom 25 sqm.
    Las Pinas
    Updated 53 minutes ago
    Active
    Priority Assistance
    ₱ 25.0 million
    For Sale Condotels
    3 Bedrooms 2 Bathrooms 124 sqm.
    Pasay
    Updated 53 minutes ago
    Active
    Priority Assistance
    Pre-Selling
    ₱ 57.5 million
    For Sale New Townhouse
    4 Bedrooms 3 Bathrooms 497 sqm.
    Quezon City
    Updated 53 minutes ago
    Active
    Priority Assistance
    Ready for Occupancy
    ₱ 3.50 million
    For Sale New Residential Condo
    Studio 1 Bathroom 24 sqm.
    Alabang Muntinlupa
    Updated 53 minutes ago
    Active
    Priority Assistance
    ₱ 3.40 million (₱ 31,200/sqm)
    For Sale Residential Lot
    109 sqm.
    Baliuag Bulacan
    Updated 53 minutes ago