EARNING ASSETS 2

Consider a person who owns a huge mansion, an expensive car and designer clothes, but has no job.

He has wealth, but no income. He has assets which do not earn and are expensive to maintain. (The case with many an actor past his heyday). Of course, these assets can always be sold and generate temporary cash inflows. However, when they have all been sold and there is still no job . . .

Consider a person who earns an annual salary in 5 or 6 figures, but who spends all of it in consumables. He will end up not owning any asset. When he loses his job and has no assets . . .

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