Tuesday, November 1, 2016

Turning liabilities into assets is an art

Most of us cannot get out of the rat race because we have more liabilities that suck money than assets that bring income.

The problem is that we have the potential to turn liabilities into assets, but most of us hate to do that.

There are many ways to turn liabilities into assets.

If you have a car, you can call up businesses in your region. 

You can offer to advertise their businesses with your car.  It does seem weird to drive a car that advertises for insurance sales or plumber service.

However, as long as the advertising brings in money for you, you have successfully turn a total liability into an asset.

You can do the same thing with a room in your house.

You can rent out the space to a tenant or to a company as storage space.

This will bring income to you, and help you pay off the mortgage faster.

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