👉👉Let 70%- 80% of your income goes to asset. It is better to invest ones money on asset than getting liabilities that will bring no income.
This is easy if you're living well with your life and you don't have obligations being put onto your shoulder. But majority of the folks can't do this, we've got bills and obligations to sustain and that's why this cannot do. It's true that it's good to invest but you also have other priorities and responsibilities to make.
👉👉Only acquire liability if the liability will add value to you, your business or improve the income made in your business.
I agree.
👉👉Only acquire liability after gotten a good investment that is capable of providing enough returns for your home and the liability purchased maintenances.
Yes, like in real estate. You've got rental passive income and through that, it can be your payment to those liabilities you have.