I definitely prefer assets, however, sometimes liabilities are necessary to have assets, right? Is that correct, friend?
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I definitely prefer assets, however, sometimes liabilities are necessary to have assets, right? Is that correct, friend?
Yes that is correct. You bought a house took mortgage on it. But as soon as you are done paying your mortgage this liability is now an asset for you if you rent out the property. Cheers
Sharpy example to explain the subject.
Pretty much correct. Mainly because the two options are interdependent.