It is so painful that in this Jet stage, people don't still knows how vital it is to own an asset other than liabilities. This post was triggered base on the people I came across some months ago. I was in a public cab travelling to another neighbouring community when I came across a lady called Miss Jane who was telling me her life story of how a landed property she was supposed to buy then has now appreciate in price massively.
She said this story happened in the year 2018. When she was telling me this, you need to see how she was crying. She said during the year 2018, she was in wealth. All she knows how to do best is to buy liabilities. She is just after her beauty. She is fond of buying expensive hairs, clothes and other things that will only contribute to her beauty.
While she was busy engaging on things that won't yield any possible things, she came across Mr Frank, who told her to purchase a landed property. Her friend told her that Mr Frank was just trying to sell his property because he needs fund that is why he is trying to advice her to buy. Mr Frank is a land agent so he keeps on pressuring Miss Jane to buy the said land.
While she keeps rejecting the offer for a chance to become a land owner, she was busy embracing the fashion life. Mr Frank went further into letting her know that he will reduce the cost of the land for her. With all this, she still rejects the offer and consider the fashion trend. It got to a stage that Mr Frank became tired after trying to convinc her numerous times and he decided to let her be. Just two (2) years interval, the land which Mr Frank was telling her to buy for $1,500 became a land which was bought by a company for a worth which is now $155000. What an increase, and to wrap it all this happened in less than 2 years. Mr Frank after selling the landed property to the company who needs it and after raking in such amount of wealth from the sales of the land decided to get across to Miss Jane and told her about what happened with the land. Hw told her how she lost a golden opportunity that could have transformed her life positively and makes her a millionaire.
Hearing this news, Miss Jane felt really bad and she regretted not buying the landed property back then. To make it worst, she is not that wealthy again. She was now regretting and she wept and lamented that assuming she knows, she could have chosen asset over liability. The reason she said this was as a result of her wrong choice back then. She was busy buying things that will make her look good. Do you know that those clothes, female beauty tools, necklace etc are no where to be found. There is not even a second value for those things she was running after back then.
Do you now see why asset is far more better than liability? Incase you still don't know, let me enlighten you on what asset and liability is.
Asset can be seen as a valuable items that has a chance of appreciating over time. While when it comes to liability it can never appreciate with time.
I was opportuned to hear a story of a man who sold his car just to invest in his business. Do you know that he now has fleet of customize cars to his name. He also has lots of landed property which he has acquired from the choice he made then. All this success came through immediately he took the bold step by selling that liability (car) and using it to invest in his business (asset).
From the above, we can now see how vital it is to invest in asset instead of running after liabilities.
The story above is only pointing towards a single aim i.e it is indirectly letting us know that we should invest in something that will in return be a bed rock for us than to invest in something that will never yield any positive momentum.
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