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Financial, Freedom, San Diego, Series, Tips, Wealth

True Financial Freedom Part 2: Assets vs. Liabilities

Asset or Liability?

Assets vs. Liabilities. There is a HUGE difference between the two and if you want to retire early or “safely,” it is important for you to understand the difference.

What determines the difference between Asset and Liability? It’s the term Cash Flow. Cash Flow is More money coming In to your pocket residually than money going out.

Here are some key points and examples:
1) An Asset puts money IN your pocket, A Liability takes money out of your pocket.
2) A Business (Asset) saves you money on taxes, a Job (Liability) doesn’t offer the same tax benefits.
3) An Asset helps you get rich/secured, A Liability keeps you from getting rich and someone else can fire you at any time.
4) The more Assets you have, the sooner you can retire. The more Liabilities you have, the longer you might have to work.

I didn’t understand the difference between the two on my own. I had to get fired from a company I was with for 4 years before I understood it. And when I learned the power of having Assets, that changed everything! I refused to leave my future in the hands of somebody else.

Don’t get me wrong, everyone is in a different position. You might need a job to pay the bills, and that’s okay. I want to encourage you to take a look around and reflect on the type of life you’re living, and the type of life you want to live. A life of week to week paychecks, or a life of abundance? A life of thinking “uh oh, tax season,” or “YES! Taxes are great for me!”

There are plenty of ways to accumulate assets part time when you’re working a job. That’s how I did it and many many other successful people did too. The key is to start now.

*Next I will be talking about the 3 Types of Assets Available. So be sure to connect with me on Facebook or set a reminder to check back next week.

My passion is bringing health and freedom into people’s lives. If you know someone I can bless, please help make the introduction. Thanks!


Beau Basinger
Health and Freedom Expert

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About beaubasinger

Beau Basinger Defined (bo bay-sing-er) n. 1. a passionate, philanthropic health and freedom expert whose expertise on nutrition, customer loyalty, and personal development is world renowned. 2. known for presentations, group fitness and well being programs that are effective, results based, and simple to apply. 3. enthusiastic. 4. spontaneous. 5. genuine interest in people. 6. gives people and families opportunities to improve their health and finances so they can thrive no matter what the conditions See also: philanthropist. MENTOR. Beau Basinger has mentored and guided numerous individuals through his personal experiences and the wisdom of others. Beau has helped individuals start business’ in the area of health, fitness, communications, marketing, and sales. TRANSFORMATIONS. With each person, Beau focuses on three key areas, but not limited to, so the results are maximized; Health, Fitness, and Mindset. BIG ORGANIZATION CUSTOMERS. Beau’s customers include U.S. Military/Drill Instructors, and Independently owned Spa’s and Salons, Personal Trainers, Chiropractors, Crossfit Trainers, Gym owners, Cross Country athletes, Professional & Olympic Athletes, and many other organizations. ON THE INTERNET. Beau has a strong following online through YouTube, Facebook, Meetup, Google, Twitter and other popular hosts from readers and event attendees. His state-of-the-art presence on the web has set the standard among peers, and has won huge acceptance from his customers through building relationships. SURF AND TURF FITNESS. Beau is the Founder and Organizer of Surf and Turf Fitness. Surf and Turf Fitness is a large group of outgoing, healthy individuals who enjoy living a healthy lifestyle. Multiple times each month the friends of S&T get together for hiking, kayaking, surfing, snowboarding, and other adventurous activities. Surf and Turf Fitness allows Beau to connect with people of all ages to share a vision of True Health and Freedom into their lives. You can join us on Facebook at www.Facebook.com/SurfAndTurfFitness *I’m committed to giving value first. I enjoy helping other people. I strive to be the best at what I love to do. What I do is help others achieve the lifestyle they dream of through Health and Freedom. *I make sure to establish long term, solid relationships with everyone. I have fun, I smile, and I laugh (and I do that every day).

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Motivation from Beau!

ADVICE FOUND ON THIS WEBSITE IS MEANT FOR INFORMATIONAL PURPOSES ONLY, AND SHOULD NOT BE CONSIDERED MEDICAL ADVICE FOR DEALING WITH A GIVEN PROBLEM. ALWAYS USE COMMON SENSE WHEN EXERCISING, CHOOSING FOODS AND SUPPLEMENTS, AND SEE YOUR DOCTOR FOR ANY AND ALL SERIOUS MEDICAL CONDITIONS.
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