| When I first started the journey of
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| | investments for the assets to grow and
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| learning about financial education, the
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| | resulting in the individual owning assets
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| terms in financial education was totally
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| | to become richer. A growing tree with
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| like a foreign language to me. I had
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| | healthy green leaves looks more
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| heard some of those words before but what
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| | appealing. An individual with rich in
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| does it really mean. Those moments were
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| | assets tends to look more confident and
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| poignant moments where I realized that I
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| | happy.
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| need a lot more to learn in this area of
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| | With lack of sunlight, air and water, the
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| study. Through this journey, I have grown
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| | tree will not grow much and the
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| as a learner and raring to learn more in
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| | individuals with more liabilities will
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| financial education.
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| | become poorer and poorer. Individuals
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| My financial education begins with the
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| | with more liabilities tend to be unhappy
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| understanding of personal financial
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| | and less confident when they realized
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| statement. One of the first terms that I
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| | that liabilities are mounting.
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| had learn in financial statement is
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| | One way such problems can be eliminated
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| Assets and Liabilities. These are
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| | is through financial education, such as
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| significant terms one must learn and
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| | understanding a financial statement and
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| understand to accumulate wealth.
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| | playing educational board games such as
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| Assets in simple terms are sources that
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| | cashflow 101 and applying the lessons
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| produce and increase your income. For
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| | learn in real life. One has to realize
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| example, owning a part time home based
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| | that the financial education is continual
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| business, franchise, your own company and
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| | and the individual must be persistent and
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| various investment sources that produce
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| | consistent in making the effort to
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| and increase your income are assets.
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| | increase the assets column than the
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| Owning a rental property that produces a
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| | liabilities column in the financial
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| positive cash flow income can be
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| | statement. I heard before that if one has
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| considered an asset. Liabilities in
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| | money, invest wisely. If one has time,
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| simple terms are sources that create
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| | invest in your education.
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| output and reduce your income. Loans, bad
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| | With this concept of focusing the
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| debts and expenditures that create output
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| | increase in assets column, one has great
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| to your income generated are liabilities.
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| | potential to become richer. With
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| Owning a property that produces negative
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| | dedication to self develop such as
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| cash flow can be considered a liability
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| | reading self development books,
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| too.
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| | networking and learning from others,
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| A metaphor that I can use to describe
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| | playing financial educational board games
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| assets and liabilities is the factors
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| | and applying it in real life by starting
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| involved in determining the growth of a
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| | small like home business, one can slowly
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| tree. A tree needs sunlight, air and
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| | develop into better learner in financial
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| water to grow. With right amount, it will
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| | education area. If one love learning, the
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| grow and bloom with green leaves.
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| | individual will most certainly enjoy and
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| Similarly, assets need income generating
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| | grow well as a person through this
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| sources such as business and real estate
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| | learning experience.
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