How to create assets, not liabilities
Have you thought about what the real meaning of assets and liabilities is, beyond our book's definition?
BOOK Definition: 1) Assets are what a company owns
2) Liabilities are what the company owes
They have a very simple meaning in books, but in our lives, there meanning is deeper than you think. I'll tell you their real meaning
ASSETS: Many people think that assets mean their car, houses, land, and big buildings, but the real meaning is that those things which increase your net worth. Not these which increse you expenisive, like your houses which you need to clean from time to time and need care. So tell me how you can say that these are my assets
If your house is on rent and by this money your house expenisive is steled, and some money add in your net worth, then you say that this is your assets same thing applies to a car
With your car, go to an important meeting on time, and you make a big deal, then you say that is my asset; on the other hand, if you buy that type of car which is less expensive but he take a time to go, so understand it is not an asset to save some money, and you think that we go 10 to 15 minutes ahead of time but steel not you assests because these pay them amount in the from of time not money in form of time but understand it stell not a assests
Assets are those things which consistently increase your net worth
LIABILITIES: All people think that liabilities are those things which we need to pay back, like Bank loans, bills, and daily expenses.
But it is not true; liabilities are those things that reduce your focus on your life goals
Understand my point: if you start a startup with a bank loan and every month you pay expensive bills for your startup, is that a liability? Because if you have a clear goal of making your startup successful, and then reach success, you can easily pay everything, although you can also donate.
Liabilities are those that are a result of your unsuccessful
(90) How to create assets, not liabilities?
Assets are basically two types from history: (o) Physical Assets
(p) AURA asset
(o) Physical Assets: These are those assets which directly increase your net worth for a long period, such as your own office building, land or factory, and your good wife helps in our mind for fighting in bad situations.
All these things increase your net worth, so your assets, if not, are only expenses of your life
(p) AURA asset: There is only one asset in this type, which is YOU ONLY YOU, not any other only you. I tell you, if you make your personality popular and useful for others, you become that asset which does not lose its value at a fixed point after your death, like Hitler's death on April 30, 1945 but in her name you still have a power which never loses for long centuries
That in AURA is an asset of your personality that why become a assets
Liabilities are two types: i) Inner liabilities
ii) Outer liabilities
i) Inner liabilities: These are those things which are called feelings like love,
sadness, guilt, small happiness, and sex feeling. They all work in two states: first positively, second negatively; which state they go are base on your mindset.
Example 1: Nelson Mandela spent 27 years in prison. He had every reason to hate the people who imprisoned him. Instead, he chose forgiveness and love for his nation. That positive mindset united South Africa and prevented a civil war
Example 2: After Germany's defeat in World War I, Adolf Hitler fueled anger, humiliation, and hatred instead of healing and responsibility. Those negative emotions drove destructive decisions that led to World War II and millions of deaths.
IN simple terms, feelings are also just a tool for a successful person, and a normal person is a slave of the feelings
ii) Outer liabilities: These are very simple to understand in your daily life, 90%
things that are around you are all liabilities: your mobile notifications and sadness enviroment
Example: A mobile notification may seem harmless, but every interruption breaks your focus. Over time, these small distractions become an outer liability that reduces productivity and delays your goals.
If in your surroundings there is not a single thing that is connected to your goal, then understand you are in the wrong way first; you need to change your surroundings or leave that place, all is in your hands.
LAST MY PERSONAL LOW: DO not feel bad or sad about other people's feelings; I mean, feelings are also radioactive for us; they kill our mindset and focus.
But these lows have an exception, which is a non-living or living thing that is close to your heart; these lows work the opposite way because if that thing is sad or feels bad you mind tries out these for the situation, but you need to be careful because which thing is close to your heart understands these is not a radioactive thing; these mad a nuclear bomb for you mind set like LOVE someone.