It is an asset || Prompt
Some people do not know the meaning of an asset.
Maybe they know the dictionary meaning but they do not know it's application.
They make error assuming liability is an asset and vice versa.
Like owing a car, you still have to spend on the maintenance of the car.
When you decide to sell the car, there is allowance for depreciation.
It is not really an asset.
An asset has value and it's value increase with time.
When you want to convert an asset into liquid, you make profit because it gives you more than you put into it.
Acquiring asset is acquiring wealth.
You should gather asset, it'll help you.
Don't gather liability, it'll ruin you.
Don't spend on liability, Invest in asset.
You will recognize an asset when it increases in value.
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