- An asset (資產) puts money into your pocket ⇨ By investing in assets, you let your money work for you ^5bd5b5
- Stocks
- Real estate
- Bonds
- Index Funds/ETFs
- Cryptocurrencies
- Commodities
- Intellectual Property
- A liability (負債) takes money out of your pocket ⇨ By acquiring liabilities, you’ll have to keep working hard for money
- Car loans
- Credit card debt
- Student loans
- Mortgage (unless it’s for a property you intend to rent out)
- Rent payments
- Insurance & maintenance payments (the more expensive your car/tech/house/luxuries, the higher the insurance & maintenance costs)