Most people struggle with money not because they don’t earn enough, but because they don’t understand this one rule.
An asset puts money in your pocket. A liability takes money out.
If something pays you, for example, rent, dividends, a business, or even a valuable skill, it’s an asset.
If it constantly costs you, for examples, payments, fees, upgrades, it’s a liability.
Wealth is built by consistently adding more things that pay you, even in small amounts.
At the same time, identifying what’s draining your money and work on reducing this.
If you focus on building more of what pays you, and over time, money stops being a struggle and starts working for you.