Your success, freedom, and the empire of your future rely on one thing—your ability to distinguish between assets and liabilities. If you don’t understand this, you’ll find yourself enslaved by money, burdened by debt, and dressed in nothing but pretense!
True wealth isn’t just about earning money; it’s about how you use it. Stop wasting money trying to impress people who won’t be there when you need them. Instead, show them how to build a future.
Assets vs. Liabilities: Loans for Cars vs. Investments in Homes
Here’s a simple rule—assets put money in your pocket, liabilities take money out.
Imagine Rahat earns 50,000 taka a month. One day, to show off in his hometown, he buys a brand-new car with a loan. Now he’s drowning in installments, with no peace of mind. On the other hand, his friend Masud used that same money to open a small shop. Now Masud’s shop earns enough to not only cover his living costs but also afford a car without stress.
What’s the lesson here? A loan-financed car is a liability, while a shop is an asset. One day, the car will depreciate, but the shop will continue generating income.
A Real-Life Example: Glamour vs. Garage
Let me share a funny story. One friend, Shafiq, took a 10-lakh loan to buy a luxury car for his wedding. Meanwhile, his other friend Sajib used the same amount to buy a small truck. Today, Shafiq is struggling with loan installments, while Sajib is running a logistics business with his truck, earning a steady income.
This is reality—show off, and you’ll run out of money. Invest, and your future will be secured.
Women: Asset or Liability?
The partner you choose in life is one of the most important decisions you’ll ever make. The right woman can be your greatest asset.
What Does an Asset-like Woman Look Like?
A wise woman knows how to save money and build a future. For example, if you start a business, she’ll stand by your side, encourage you, and plan with you. Together, you can achieve greatness.
What Does a Liability-like Woman Look Like?
A woman who says, “If you don’t buy me an iPhone, we’re over!” Living with someone like this is like being in a relationship with a credit card—one day, the limit will run out, and so will the love.
Funny Jokes: The Future vs. A Photocopy
"Sohail posted a picture of a luxury car on Facebook. Someone commented: ‘Bro, is the car on installments?’ Sohail replied: ‘No, the photo is on installments!’”
"True love is when your wife helps you calculate loan payments, while you make tea."
Long-Term Wealth Building Plan: Five Golden Tips
Create a Budget: Keep track of where every penny is going. If you don’t know where your money is going, how will you know where it’ll come from in the future?
Learn to Invest: Put money into stocks, freelancing, or property.
Save Consistently: Small savings today will fulfill your big dreams tomorrow.
Set Goals: Today’s planning can transform your tomorrow.
Develop Yourself: Read books like Rich Dad Poor Dad, Think and Grow Rich, and The Intelligent Investor.
A Fresh Perspective: Time is Your Greatest Asset
It’s not just money—your time is your most valuable asset. Spending an hour scrolling through social media won’t earn you anything. But spending that hour watching a business tutorial on YouTube might teach you something valuable.
The Final Word: The Game to Becoming a King
Everyone wants to be a king, but not everyone has a plan. So, brothers, understand the difference between assets and liabilities. There’s no need to impress people who can’t see your future. Your goal is to create examples, not display extravagance.
The Formula is Simple:
Build assets.
Minimize expenses.
Make plans.
Choose the right partner.
And remember, to be a king, you don’t run backward—you move forward!