How to convert a Liability to an Asset? पैसे से पैसे कैसे कमायें? Becoming rich is everyone’s dream but what is the secret to rich mindset that the poor don’t know? Let us decode one such secret of how to convert a liability into an asset and make money from money. पैसे से पैसा कमाना सीखो!
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Time Stamps:
00:00 - Intro
00:17 - Bank’s Assets & Bank’s Liabilities
02:20 - Poor Mindset
02:45 - Middle Class Mindset
03:42 - Is house an asset or liability?
04:34 - Rich Mindset Secrets
05:56 - How to get Rich Mindset?
06:15 - How to Convert Liabilities into Assets?
06:38 - Is car an asset?
07:18 - House is asset or liability?
07:39 - How can technology be an asset?
08:10 - MBA or Master’s Degree worth it?
08:53 - People as resource
09:20 - Time Management
10:24 - Why Fixed Income Securities?
10:52 - What is Wint Wealth?
11:09 - Investment Risks
11:23 - How Wint wealth works?
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About the Video:
There is a fundamental problem when it comes to developing a rich mindset. The way we are taught finance and the kind of financial education that imparted in us always talks about creating more and more liabilities for ourselves. The rich never think of buying more and more liabilities. In fact, they either own money making assets or they convert their liabilities into assets that help them in wealth creation. It is one of the most important rich habits that the lower income class or the middle class does not follow which eventually keep them poor in the long run.
One of the best examples of how to convert a liability into an asset is to understand how banks make money and how the banking system work? Their biggest liabilities, our deposits, are converted into their biggest assets that provide them with recurring interest incomes. On our channel, we always say, the key to know how to get rich is to develop a rich mindset. Similar to what Robert Kiyosaki also says in his book, Rich Dad Poor Dad, that the rich become rich because they know the things and they have the rich mindset that the poor doesn’t know. So, in this video, lets talk in depth about how banks work, how to simplify turning liabilities into assets and the rich mind vs poor mind.
In this video, we have explained:
1. What is an asset?
2. What is a liability?
3. What to do to create a rich mindset?
4. How to turn liabilities into assets?
5. How do banks earn money?
6. How to get rich fast?
7. What assets will make you rich?
8. Rich mind vs Poor mind.
9. What are money making assets?
10. What is wealth creation?
11. How can poor become rich?
12. Make Money From Money
13. Power of Compounding
14. पैसे से पैसा कमाना सीखो
15. How earn high fixed returns?
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