From experience, there has been an obtained understanding about the strong effect associated with liabilities, for me I describe liabilities as a strong pull against growth in all ramifications and in order to stay away from liabilities and pursue growth it is highly important for us to figure out what those liabilities are and most often liabilities are a thing of the mind and our ability to get properly focused on the thing that matter means eliminating liabilities.
Number One: Debt.
Debt is the first accumulative factor of liabilities, debts have a very high sinking power especially when it is a bad debt, and it gets the bearer so attached to a life that does not speak of any other thing than stagnancy and backwardness. If there is a very big liability to stay away from this year, it would be the liability of a bad debt.
Number Two: Ineffective communication skill.
The common acceptable language in the world today is English language and those who do not understand how to speak the language, would have to pay extra in order to get a particular message translated to them. This burden of liability can be elevated by learning how to speak proper English and perform properly at it.
Number Three: Using the internet the wrong way.
The internet is very useful in this generation, with the internet we make required orders, with the internet we pay our bills, with the internet it is very easy for us to acquire information but the internet is also filled with distracting activities and when those distracting activities are not managed, it becomes a great liability as it wastes our time and our effort.
Number Four: The absence of financial education.
When financial education is absent, it comes with a high level of wastage and financial bankruptcy and it becomes a huge financial liability when there is no education financially. The absence of financial education is the reason for wrong investment, high debts and wastage on all grounds and of course that is a huge liability.
Number Five: Being adamant on a certain belief.
There are people who feel they are wise enough and they never want to gain any type of knowledge from an external factor, they always believe that they have an understanding on everything and they do not gain extra knowledge, it is mandatory to get rid of that limiting mentality as we approach a new era.