Quote:
|
An 'Asset' is something that puts money in your pocket & a 'liability' is something that takes money out of your pocket.
|
I agree with this definition. According to this definition, my car is a liability.
But I think a Home is not always a liability. We had bought our home few years ago for around 450k and now the price has gone up. You got to clarify your post a bit, biggie.
I loved this post. Keep it up Biggie !
RICK
