So today I learned that air-conditioners should be fixed every three months.
This is my first air-conditioner and I just got a call from the guy that helped me install it. He told me that the air-conditioner needs servicing.
Sighs...
I've learned that buying stuff is not achievement. Unfortunately alot of people believe they they are rich because of the amount of stuff they have in their possession.
Many months ago I had a lot of money and I wanted to buy a car. Most people still don't understand why I don't have a car. But the reason is quite simple. A car is not an asset to me. It may be an asset to someone else but to me a car would be a liability because it will remove money from my pocket and it will not bring back commensurate value.
An asset is anything that brings net profit/value to you while a liability is the opposite.
Note that I used the word "net". There are jobs that are liability. If a job is taking more value from you than the money they pay you, it is a liability. There are things that remove money from your pocket but they are assets because they provide more value than the money they remove. Take for example, a college education may cost a lot of money but in the future that could be a meal ticket.
This is just my perspective. Unfortunately most education offered these days are scams. Liabilities!
A car may bring money to a cab driver and it may bring value to a nursing mother who has two little kids and who works in a bank. A single man like me who is always glued to his computer screen however will not derive as much value. I'd rather use my money to buy Crypto.
The question I'm asking myself right now is that, is this air-conditioner an asset or a liability.
Lol...
This is the part where you call me a cheapskate.
I'm not. I'm just thinking out loud. Question the obvious.
Hey bro, I will boldly say it's a small assets big liability lol... it's an asset cos it's producing value ( blowing you air) and it's also a liability cos it's put you in disadvantage cos you end up spending money every 3 months... I think you are the best position to answer that lol @tojukaka
Of course it is good as there are benefits of having it at home but it's a liability...
It's left for you to check the benefits and inconveniences you'll get from having it...
@tojukaka, you know better about this, so right to find reasons...
Hahaha..
You alone have the answer to that @tojukaka, #lol. Almost everything we have need of is an Asset as well as a Liability. We all want to buy cars because of comfort or one thing or the other but we still need to service them for better results. So car is an asset and also a liability in a way. So sir, this fine sweet A.C is any thing you call it. @tojukaka
Whay generates income to you during the usage is an assest. If it is otherwise, then it is a liability.
I think being rich is to be free.
Being able to live without an AC, thriving inside a hot or a cold room is something to be proud of, that's what it means to be truly strong. Not just mentally pulling through, but being physically capable. Having a body with a thermostat that actually works is a great asset.
Is an asset depending on the kind of place you live in. If you are living were there is cold weather is simply a liability of the highest order, but if your environment is the hot type ,brother is an asset because of you health.