Many of us today lack basic financial education. We rely heavily on our bankers and our financial advisors which may not always be the best thing to do. We have today different fields and methods of earning. We have the Employees, the Self-employed, big business owners and professional Investors.
The two main words to learn about are Assets and Liabilities. So the reason most people struggle financially is they buy a house or a car thinking it’s an asset when it’s really a liability.