Anointed CEO

Just a breather on business and money related stuff.

I will feel selfish if I will not share this video to you guys. She’s adorable, smart, and anointed.

In the last couple of years, God brought me to circumstances so that I could learn the basics of personal money management, finding the right business opportunity, and executing it. It cost me lot of pain and money but the education is priceless. Now, I would like to share to you some chunks of wisdom.

Know the Definition of Assets and Liabilities
These terms could mean different to different people or institution. But you as a steward, how do you define it?

Taken from great investor, businessman, and author, Mr. Robert Kiyosaki:

Assets – anything that brings money to your pocket today.
Liabilities – anything that takes out money to your pocket.

Now, do some personal exercise, categorize each if it’s an asset or a liability.

1. Car
2. Savings Account
3. Television
4. House and Lot
5. Business
6. Pension Plan
7. Mutual Fund
8. Jewelries
9. Website or Blog
10. Personal Computer

Feel free to add more things on the list. Once you’ve categorized each, ask yourself, where do I spend most of my money? Acquiring assets or liabilities? This wisdom alone can save you lots of money. So the next time your bank will tell you that your Car is an asset, it is true. It is their asset and liabilities to you.

This wisdom appear elementary but if you’re unsure of some things, you are welcome to post it in comments.