You have heard the words in passing but you have never really understood what they actually mean. What are assets and liabilities and how are they different?

Assets are something that you possess that benefits you in some way.

Assets can bring financial, physical, mental, or emotional gains to your life. Liabilities, on the other hand, are costly to you and can cost you money or cause you physical, mental, or emotional hardship.

Everyone has both assets and liabilities, whether you recognize them or not. Listen to this episode to find out what kind of assets and liabilities you could have....