In this episode we discuss capital preservation and the importance between assets and liabilities. Once we can identify a true asset from a true liability then we can effectively evaluate opportunity cost of purchasing decisions.
The breakdown of this episode consists of:
Building the confidence that you can succeed in a world that tells you the opposite
Understanding the difference between assets and liabilities
Opportunity costs of purchases (Mortgage example)
Capital preservation and wealth creation.Sponsor the podcast here: https://www.advertisecast.com/TheRaceRatPodcast