You must learn to balance these three aspects of your emotion for you to have a smooth life.
Liabilities on the other hand, are the obligations and debts a company or an individual owes and have to be settled either in the short term or long term.
A liability is usually money owed by a business for the purchase of an asset.
Liabilities could arise from borrowings which may be made to improve business or personal income and are paid back over an agreed period of an interval.
From the personal finance and investment perspective, there are four classes of assets that you need to have available to build an investment portfolio.
An asset is any form in which wealth can be stored and held – long lasting item of property that can be reasonably expected to contribute to the future profits of a business.
From our discussions on Inflation so far, you can see that it is difficult to classify Inflation as either good or bad. When it is bad for some people, it is good for others. There are various monetary policies that Governments and Central Banks around the world formulate and enforce in a bit to control
From the last series, you now know how high inflation creates uncertainty and can wipe away the value of money savings. But I also mentioned that while inflation is a curse for some people, it is a blessing to others. In fact, there are some, who believe that the primary function of inflation is to
Two days ago, we had considered the definition of Inflation, its causes and how it is measured. Today, we are going to focus on the Negative Effects of Inflation. Inflation affects different people in different ways, with some benefiting from its effects at the expense of some who lose out. The inflation rate also offers
In continuation of the series on Inflation we started yesterday, we are going to consider the Causes of Inflation and how it is Measured in the economy. Inflation Theories – Causes of Inflation Two general theories explain inflation. The first, the demand-pull theory, says that prices increase when demand for goods and services exceeds their